Many online casinos offer signup bonuses to new players making their first deposit. These bonuses normally match a percentage of the player's deposit with a dollar maximum, and almost all online casino signup bonuses require a minimum amount of wagering before allowing a cash out.
Advantage play, bonus hunting, in casino signup 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 signup bonus, the player has an expected profit of $75. Advantage players who use bonus offers for an expected profit may be called "bonus hunters".
Some bonuses require no deposit to claim them.Types of no deposit bonuses include:
- A no deposit in pure monetary form, for example $10.
- Free spins no deposit, this is where they allow free spins on particular games, and then allow you to keep the winnings.
- Play for a predetermine period of time with x amount of dollars.
Players should carefully read terms & conditions before claiming a bonus.
