Table of Contents:
Available Types of Bonuses
Tips on Monetizing Your Bonus
Another Way of Monetizing Casino Bonuses
Is It Worth Taking the Bonus?
Final Thoughts
Online casinos use various types of bonuses as incentives to attract new players and keep the registered ones engaged. This system works just like free drinks or treats in Vegas casinos. And yet, players will benefit from bonuses much more than from freebies that give nothing but a dizzy head.
The most common bonus types are deposit bonuses, no deposit bonuses, and free spins. All offers come with specific wagering requirements that may or may not help you benefit from the bonus.
Without further ado, let’s take a closer look at these bonus types and figure out how you can maximise your wins. First, however, be aware that there’s no such thing as an unlimited bonus. Instead, all casino bonuses have limits and wagering conditions that make them either worthwhile or not.
Regardless of what online casino bonuses you are eligible for, there are certain points you should pay attention to. First, check the applicable terms and conditions before redeeming anything.
To calculate the EV yourself, you should multiply the bonus amount or the wagering requirement by the house edge. For example, suppose a player wins $200 from the bonus while the wagering requirement rate is x20. Thus the player has to wager $4,000 in total.
If the casino’s house edge is 5%, you will get the following formula: ($200) - (($4,000) x 5%) = $0
This means the EV is 0, and it’s not worth redeeming the bonus or generally staying at that casino.
Another Way of Monetizing Casino Bonuses
All the tips you are now aware of will help you profit from online gambling. However, if you don’t feel like playing yourself but would like to get some passive income from gambling or sports betting, you can do this through affiliate marketing.
All that’s required is to promote bonus offers of online casinos to the right audience. Thanks to the tough ongoing competition between virtual casinos, gambling houses offer quite generous conditions for affiliates. Here, too, you should check the T&Cs and see how much money you can actually earn if you bring new members to the casino website.
Strange as it may seem, it’s not always expedient to claim a casino bonus. See yourself, you will block the money you invest by claiming an initial deposit bonus.
If the casino’s bonus claiming conditions don’t seem to be good, but the casino site is actually a worthwhile one, you’d better avoid activating the bonus and play as a regular gambler.
Forewarned is forearmed. This rule will always be relevant, and gambling is no exception. Thus, if you consider all the information about the bonus forms and our expert recommendations on what to concentrate on when partaking in promotions, you will be ready to gamble most beneficially for you.
Check out bonuses and promotions currently available on Leon to see that our casino is one of the best you can find. We love our players, and we know how much bonuses can positively affect the gameplay. So sign up today, and don’t miss out on the best gambling conditions out there.