The online casino industry has shown tremendous growth over the past two decades. There are literally thousands of casinos active worldwide, and all are trying to make you play their games and gamble with them.
Casino services have diversified over the years, and to remain competitive, casino owners are using bonuses to attract a multitude of punters their way.
In this article, you will find out how to make money from online casino bonuses.
To dive in, we will explain what the types of casino bonuses you can get are, how to maximize your winning deposit bonuses and free spins, and in closing, what you should pay attention to make sure you cash out your casino bonuses.
1. Types of casino bonuses
Various types of casino bonuses are available. However, most casinos’ most common include free spins, deposit, and no deposit bonuses.
Casinos have varying requirements on how to leverage these bonuses. Others come as welcome bonuses for new players and promotional bonuses for existing gaming enthusiasts.
Without further ado, let us learn a little more about the types of casino bonuses:
Free spins are common with slot machines. A casino allows a player to spin a given slot machine several times without making any payments. Once the free spins are depleted, the total winnings are included in your balance. Then, depending on the casino’s wagering requirements, you can either withdraw the winnings or use them to spin your luck again.
These are bonuses that require a player to deposit money to redeem the gift. In most cases, deposit bonuses vary depending on the amount of money deposited.
A good example is the new player welcome bonus. Here, most casinos give a 100% bonus on the amount of money a gamer deposits.
Deposit bonuses are not only limited to new players. From time to time, online casinos reward loyal customers by offering deposit bonuses in a bid to compel them to make payments to the casino.
No deposit bonus
Last but not least, no deposit bonuses are those that do not require a player to deposit any money. They range from free spins to free play.
Before we discuss how we can maximize the bonus offers we get on casino sites, it is important first to highlight the different bonuses. If anything, at least for the benefits of those that are new to the casino world.
This bonus is similar to the match bonus, except that it is meant only for existing customers. Usually, it is lower than match bonuses too.
This includes bonuses such as freerolls, free spins, or free play, depending on the type of casino in question. They are usually given to players based on their gameplay and betting history.
This bonus offer gives you a percentage of your losses when you lose bets by either returning the money into your account or offering you a chance to replay with the same stake.
Now that you know the most common types of casino bonuses, please find out how you can actually make real money from them.
2. How to maximize winnings with free spin bonuses?
Free spins are one of the methods used by casinos to attract new players to the site.
So why not take advantage of it? Especially when you can earn great amounts of money. It really is a great way to make money. And if you play in slot games anyway, then you’ll only come out on top.
Discover what other methods exist and, above all, how you can make the most of your free spins. Enjoy a unique gaming experience.
Before going further, you need to understand how the concept of free spins works. In short, with a free spin, you have the chance to spin the reels in a slot game without paying for it.
Super easy, right?
When you play with a free spin bonus, no money will be taken from your casino account. Moreover, another way to make money from free spins is to take advantage of bonus rounds with such spins. You can get a lot of free spins. And you can sit back and watch the rollers spin in your favor.
In the end, you’ll collect your winnings.
Do you want to hear something even better?
Sometimes these bonus rounds come with multipliers, which means that a win made from free spins can be doubled, tripled, etc. It’s an absolutely free chance and one of the best ways to make money at slot games in an online casino or on a money gaming site.
Live casino games are a great option for trying table games with a real dealer via live transmission. You can play your bonus at roulette or a blackjack real table.
3. How to maximize winning with welcome bonuses?
Another profitable method to make money with casinos is to benefit from welcome bonuses. Whether you have to deposit or not, you can make a lot of money through these attractive welcome packages. In general, a welcome bonus may require you to deposit to your account up to a certain amount.
So, let’s say you have a 100% bonus.
What does that mean?
Let’s say, for example, you deposit $50 into your casino account. Then, if you have a 100% bonus, the online casino will give you another $50 to play casino games. This means that you will have a total of $100 in your account. A lot of money! See what conditions you need to meet to withdraw your bonus money and make even more money.
4. Where to find casino bonuses?
There are several places where you can hunt for the best casino bonuses. Below you will find two methods I recommend:
4.1 Check Casino Reviews Websites
Fortunately, many casino reviews and guide websites keep the players with the latest news about the casino industry and the latest promotions. Most importantly, they are doing reviews for the casinos, helping you not to get scammed.
Such a website is SmartCasinoGuide.com, where they rate the best casinos online so you can easily find out which one is the best for you. As the latest addition, they added crypto casinos with some nice bonuses you can benefit from.
4.2 Pay for a matched betting/casino bonus service.
95% of people pay for a service. They give you a curated list of offers to work through, and they point out any dangerous loopholes in the terms and conditions.
My two favorite paid for services for casino bonuses are:
- Profit Accumulator. Free for your first few bonuses, then £19.99 a month.
- Oddsmonkey. Free for your first few bonuses, £19.99 a month.
They are both pretty similar with largely the same offers but different communities, website feel, and customer service. They each have free accounts you can try out, so I suggest signing up for both and then choosing which one you like the most.
5. Rules to Maximize Your Casino Bonuses
Did everything sound great till now, no? Well, there are some things that you should make sure you follow to enjoy the money you made with free spins or welcome bonuses.
A few years ago, it was easy to get a no deposit bonus or make money for free spins. But after a lot of casino losses where people made tens of fake accounts to get the no deposit bonus, the casino industry decided to fight back. It introduced the KYC check and turnover conditions.
5.1 Make sure the casino is legit and it pays
Unfortunately, there are a lot of SCAMS in the casino industry. Many casinos have hidden terms and conditions, do extra charges on your credit, or do not pay their winnings.
To avoid getting SCAMMED, you should avoid placing money on shady websites and sticky only with the known names in the industry. Also, do research online about the casino and don’t get too exciting till you read the reviews and opinions from other gamblers.
5.2 Make sure you meet the KYC law
Most of the casinos require you to check you are who say you are. To do this, they ask for a picture of an ID card and a utility bill dated up to three months before. Also, if you’re depositing with a Credit card, they may ask for pictures with the front and the back of the card. That’s to make sure you’re the owner of the card, and you’re not going to contact the bank and claim it was stolen.
So the operator will verify that you do not have multiple accounts and have not collected the bonus from other people’s names. Each offer can be activated only once at the casino for a single user – individual / individual address / IP or family. Other members of your family will not be able to apply for this offer if you share the same I.P. or physical address.
You can apply to them only once a week for the no deposit or weekly free spins bonus type. Withdrawal takes a little longer because players have to check their accounts before requesting a withdrawal.
5.3 Check the bonus percentage and the conditions attached before making your first deposit.
For a casino bonus, like a match bonus, which hinges on your first deposit, it is important for you first to check what the bonus percentage is and the maximum amount of deposit.
The amount of money you have available to you at the beginning of your casino journey can go a long way to determine how many risks you’re willing and able to take on. Once you check the maximum amount of deposit and the bonus percentage on the site, you can decide the optimal first deposit amount.
5.4 Check the terms and conditions regarding how you can wager the bonus money
One of the biggest mistakes many casino players make when signing up with a casino site is the act of not reviewing the terms and conditions attached to the site’s bonuses.
Usually, all casinos have a set percentage of the bonus money you must wager before becoming withdrawable. But this criterion varies from one casino to another.
For instance, you must have wagered up to 50x the bonus amount on some casino sites before you can cash it out. But on some friendlier sites, you only need to wager up to 20x or 30x before cashing out your bonus money.
Now, if you forgot to check the terms & conditions attached with the bonuses on a given site, there’s no way you would know the number of times you need to wager bonus money before it becomes real money. But if you’re always checking the terms & conditions before signing up, you’ll know right from the get-go whether or not to sign up with a given site.
5.5 Check how much the game contributes to the wagering requirements
While some games like slots contribute up to 100% to the wagering requirements, games like blackjack, poker, and Omaha contribute a lot less and even worse, games like roulette contribute 0% to the bonus wagering requirements.
This means that you could be wagering your bonus money forever and still not making any progress without you knowing it. Usually, you’ll find the game contribution percentages in the bonus terms & conditions. If you cannot find them, you can contact the support department of the online casino.
6. Monetize Casino Bonuses As an Affiliate Marketer
Before closing, I would like to show you a method to make money with casino bonuses without doing any gambling but promote them instead.
You can do this through affiliate marketing by promoting these offers to the right audience. As I’ve said before, there is a huge competition between online casinos. Not only do they offer good bonuses to new users, but they also have good-paying commissions for affiliates.
But don’t take my word for it. Check below some of the amounts you can be paid if you are bringing members to online casino websites.
When you become a highly skilled and experienced CPA marketer, you can make five figures and even six figures income from CPA networks every month.
All you have to do is to create a blog, a podcast, or even a telegram group where you review online betting sites, offer betting tips or show the latest promotions from online booking companies. Add affiliate links with the help of an affiliate marketing plugin, promote the website and start making money.
So CPA marketing is a very lucrative way to make money with online casino bonuses without risking any money.
Here are several guides we’ve written over time to help you with affiliate marketing.
The bottom line is finding new ways to make money with an online casino, and you need to be careful, creative, and involved in what you want to achieve. Money management and the basics of strategy are essential and worth your interest.