Bonus hunting Terms
Bonus hunting also known as bonus seekers is advantage gambling where turning a profit from casino,sports book and poker room bonus situations is mathematically possible. For example, the house edge in blackjack is roughly 0.5%. In the example above, $5000 in wagering with a house edge of 0.5% will result in an expected loss of $25. Since the player received a $100 sign up bonus, after subtracting the expected loss of $25, the player has an expected profit of $75.
Online casinos offer players sign up bonuses as incentives to play. These are usually one-off bonuses for signing up to the casino and opening an account. The terms and conditions attached to each bonus vary but share two common scernious
Wagering requirements. Roll over Amount
Wagering requirements prevent players from withdrawing the bonus money immediately after receiving it. Before the bonus money can be withdrawn the player must wager a certain amount of money on unrestricted games. The wagering can be spread out over many bets. To meet a $2000 wagering requirement, a player could make 1000 $2 bets on blackjack, provided blackjack is not a restricted game.
Examples: Restricted games or betting.
Games like blackjack and video poker have a low house advantage. The house advantage for blackjack is 0.5%. So in the example above, by playing $2000 worth of blackjack with a house advantage of 0.5% a player is, to lose $10 in total. But the expected value is an average value and may be less than the actual value. Risk of loss is an important topic that comes into play.
Assuming that the player only loses an amount close to the expected loss, and the bonus given to the player after meeting this wagering requirement is greater than $20 then the player profits. The process is mathematically calculated. Bad karma could cause a player to lose more than $20 playing blackjack in this situation. The run of luck is subject to and follows a change