Today, virtually every single online casino dishes out welcome packages to new customers in the form of bonus money and sometimes free spins on slots. These bonuses are primarily designed to encourage players to use their site as opposed to competitor sites.
However, if you’re clever enough, you can click around and sign up to all manner of online casinos to bag a range of slots and casino game bonuses to try and turn bonus funds into cold hard cash in your bank account.
Read the Small print
Firstly, it’s important to read carefully the terms and conditions of every online casino new customer bonus you receive. Each site is different in terms of its wagering requirements for bonuses. A wagering requirement is an amount a player must wager before the bonus funds can be credited as real money into your playing account and subsequently withdrawn.
The key to maximising profit from your bonus money is to find the sites offering the lowest wagering requirements possible. Some sites will specify a 30x wagering requirement – meaning you have to wager 30 times the bonus money itself before it becomes withdrawable money. This increases the chances of you running out of bonus money given that the casinos have a distinct edge over the player across all of their slots and table games.
Sometimes, you’ll find that casinos will offer bonuses without even requiring new customers to deposit some of their own money. These are known as no-deposit casino offers. These are truly the best chance you have of making free money from online casino bonuses, given that you don’t even have to risk a cent of your own funds to get the ball rolling.
Considering the RTP
If you have free bonus money, it is recommended that you play the slots or table games that offer the best return to player (RTP) percentage.
Any slot with more than a 97% RTP is very generous and gives you the best possible chance of hitting a nice jackpot win with your free bonus money. A 97% RTP means that you are likely to get back $97 for every $100 you wager. It has been known for some slots to offer greater than 99% RTP, such as Goblin’s Cave, Ugga Bugga, Ocean Princess, and Tropic Reels (all developed by Playtech), Nemo’s Voyage (WMS) and Ooh Aah Dracula (Barcrest).
The key to utilising no-deposit free bonus money is to stake a reasonable enough amount per spin or hand in order to maximise your potential jackpot. If you stake too low, the chances are you’ll barely break even when you eventually hit a max cash-out. Stake too high and you will run out of bonus money exceptionally fast!
On the flip side, if you are required to wager bonus money a specified amount of times before it can be considered real money in your casino account, stake the minimum amount on the slot games offering the highest RTP, helping your bonus money to go as far as possible.
In some instances, casinos will also give their existing customers reload bonuses to entice them to return after a specified time period. You can maximise these bonuses in the same way. Play smart, think about the RTP and give yourself the best possible chance to make some extra cash!