Some players believe they have ways of making bonuses pay and pay well.
All casino bonuses are considered ‘good faith’ gestures and are not intended to be profitable. Nonetheless, some players partake in so-called ‘bonus whoring’ – the process of exploiting multiple bonuses at various casinos to turn a consistent profit, but does it actually work?
Bonus ‘whores’ never spend a penny at online casinos. Instead, they only opt for no-deposit bonuses or bonuses wherein you do not have to roll-over the value of your deposit. These bonuses incur no risk and hold (at worst) zero expected value for the punter.
A favoured technique is to play online blackjack with very low-value stakes and gradually accumulate money by minimising the house edge using basic strategy. Alternatively, players can opt for online poker if they are sufficiently skilled.
No-deposit bonuses are usually very low value and therefore it is seen as relatively easy to complete the wagering requirements attached to them. Therefore, many players feel it is theoretically possible to turn consistent, small profits by playing for a long time at multiple casinos with nothing but bonus funds.
Some bonus whores recommend a gradient, increasing bets incrementally as their bankroll increases (£1 bets to start, then £2 bets at £100, £3 at £200 and so on).
Does it work?
At online casinos, the short answer is no, for a number of reasons. Firstly, gambling companies have become wise to ‘bonus whoring’ and tend to make the wagering requirements for no-deposits very high (play-throughs of 50x or more are not uncommon). When you also factor in the time limit on most no-deposit bonuses, it is still extremely hard to meet their requirements.
Also, most bonuses ensure that wagers on low house-edge games contribute a comparatively small percentage to overall wagering requirements. Even bets usually do not count at all.
Secondly, ‘bonus whoring’ takes an extremely long time, giving the casino ample opportunity to see if players appear to be exploiting their bonuses. While many players would dispute that using bonuses tactically is exploitative, casinos rarely see it that way and will likely block your account if you play for an extended period of time without depositing.