Tips For Winning Real Money With A Bonus At Online Casinos
Want to increase your chances of cashing out real funds with your casino bonus? Our experts are here to help you do just that.
For an in-depth look at this topic, we suggest you read our guide to winning real money. But for now, let’s look at some of the basic things you can do to maximise your chances of turning a bonus into real money.
Evaluate Wagering Requirements
Check the wagering requirement before you claim a bonus. This dictates how many times you need to wager the bonus amount or winnings before they become eligible for withdrawal.
Wagering requirements apply to bonus winnings in the case of free spins, to the bonus credit if it’s a cash bonus, and sometimes to both the bonus deposit and the winnings.
Claim offers with low wagering requirements to clear your bonus quickly and cash out your winnings. Read our guide to wagering requirements to learn more.
Check The Win Caps
Win caps, also known as bonus withdrawal limits, restrict the amount you can withdraw from your winnings. They mainly apply to no deposit bonuses.
For example, if you claim a free bonus with a win cap of $50 and win $100, you will only be able to withdraw $50. The amount exceeding the win cap will be forfeited.
Make sure the win cap is high enough to make the bonus worth claiming.
Here are some guidelines for assessing win caps when you compare bonuses:
- $10 or less – Poor
- $10-$50 – Average
- $50-$100 – Great
- $100+ – Excellent
Assess Eligible Games
If you play ineligible games, the casino will eventually forfeit your bonus and invalidate any winnings. Checking the eligible games for your specific offer can help you compare bonus offers and choose the best ones available.
Bonuses are rarely valid on a casino’s entire game library.
You’ll notice restrictions in two main forms:
- Games which are excluded entirely from the bonus.
- Games that are included but tied to game weighting restrictions. This means your wagers won’t fully contribute to your wagering requirement.
Games contribute differently to fulfilling wagering requirements. By playing unweighted games or games with high weighting percentages, you maximise your chances of wagering your bonus and cashing out any winnings. Read our guide to game weighting to learn more about how game weighting percentages affect the wagering process.
Don’t Forget About RTP & Volatility
Remember, it’s also important to assess the RTP percentages and volatility levels of eligible games. Claiming bonuses with eligible games that have an RTP of 96% and above increases the likelihood of boosting your returns.
You should also opt for low-medium volatility games to balance risk and reward. That’s because smaller, more frequent wins provide a higher chance of extended gameplay, giving you enough time to fulfil the wagering requirements.
Adjust Your Bet Size
Putting some work into your betting strategy can pay off in the long run and reduce the chance of major losses. Start by establishing realistic win goals for your sessions. Once you reach your goal, consider reducing your bet size – this prevents giving back significant winnings during a losing streak.
Also, make sure you set a predetermined loss limit. If you reach the limit, take a break or consider adjusting your strategy. This helps protect your bankroll from substantial losses in a single session.
Here are some common approaches to adjusting bet size during gameplay:
- Percentage Betting: Allocate a fixed percentage of your total bankroll for each bet. This approach helps maintain consistency and adjusts your bets based on the size of your bankroll.
For example, if you decide on a 2% bet size and your bankroll is $1,000, your bet for each round would be $20.
- Flat Betting: Keep your bet size constant regardless of wins or losses. This method is straightforward and helps prevent significant changes in your bankroll. For instance, if your flat bet size is $10, you would consistently wager $10 per round.
- Martingale System: This strategy involves doubling your bet after each loss, aiming to recover previous losses with a subsequent win. While this can be effective in the short term, it carries a higher risk if a losing streak continues.
- Anti-Martingale System: The Anti-Martingale system involves doubling your bet after each win. This tactic aims to capitalise on winning streaks and maximise profits during favourable runs.
- Fixed Unit Betting: Determine a fixed monetary unit for your bets. For example, if your fixed unit is $5, you would wager $5 regardless of your bankroll size. This approach allows for adaptability while maintaining a consistent risk level.
Remember! It’s important to note that no strategies are proven to work or guarantee wins.