Sunday, November 05, 2006

Bonus Swindling Guide: Summary

This is just a short summary of The Bonus Swindling Guide, which can be found here. I suggest that you read the full guide before attempting any bonus swindling, but use this summary as a refresher. Also look to the bottom where I have listed many profitable bonuses for you to do.

In order to attract new customers to their sites, many online casino's offer cash bonuses often in the form of sign up and monthly bonuses. The casino's specify a WR (wagering requirement) which must be met before the bonuses and winnings can be withdrawn. The casino's beleive that these WR will result in them still making a profit from people playing with the bonus. However we can get around this by playing low risk games such as roulette, baccarat and blackjack and only giving up a small part of the bonuses to the House Edge. The casino's realise this and most don't allow you to play roulette and baccarat, but many still allow blackjack because its one of the most popular casino games, and only has a small house edge if you play the correct strategy. By playing blackjack to complete the WR we only give up a small amount (equal to the house edge * WR), and the rest is profit.

Hopefully that refreshes your memory, however if you are still hazy, go back to the guide and re-read through.

The following bonuses are my personal pick of the most profitable, and lowest risk bonuses, which I call 'Solid Bonuses.' The EV for these bonus is around the $1100 mark, and if you feel that you only want to dip your toes into the world of Bonus Swindling, these are the group of bonuses to do. I also recommend you do them in the following order, as they are listed from least risky to most. As mentioned in the guide, you can start with as little as $100, but I recommend starting with between 300 and 500 (or more of course if you have it).

Here is the key for the list: "Online Casino" : Bonus: (WR): (# to refer to in Casino Bonuses Played to see how I went with that bonus): Notes

"Starluck" : $100: ($1600): (#4)

"Planetluck" : $100: ($1600): (#5)

"Private Casino" : 75Euro: (1500Euro): (#18)

"Will Hill" : $80: ($2000): (#6) + Monthly $40 Bonus

"Intercasino" : $100: ($2500): (#7) + Monthly $100 Bonus

"VIP Casino" : $100: ($2500): (#17)

"Littlewoods" : 50GBP: (1250GBP): (#8) + Monthly 25GBP Bonus

"UK Betting" : 25GBP: (500GBP): (#13) + Monthly 25GBP Bonus

"Bet 365" : $200: ($4000): (#1)

"Golden Palace" : $300: ($8000): (#3)

"Ladbrokes" : 50GBP: (200GBP): (#): Minimum bets of 5GBP

I strongly recommend you look at the # next to each bonus and refer to that number in my Casino Bonuses Played thread to see how I went with that particular bonus. What I think I did right, did wrong, what do avoid, what to look out for etc. it should be a valuable resource.

Things to remember:

1) Always bet the mimimum (while starting out anyway)
2) ALWAYS check the terms and conditions before downloading the software, and depositing. Even the ones above may have changed since I last looked.
3) NEVER NEVER increase your bets to chase losses, keep to the same bet, if you go on a losing streak, thats just bad luck, you'll win it back next time
4) Always deposit for the maximum bonus, this shouldn't be a problem if you stick to the bonuses above in that order and start out with the appropriate bankroll, but will become more relevant as you move on to bigger and better bonuses
5) Always stick to Basic Strategy, remember the relevant guides can be found at blackjack info here.
6) Keep accurate records, both of how much of the WR you have completed of a particular bonus (i prefer pen and paper for this), but also of your entire Bonus Swindling career, I use excel, which allows me to do graphs and calculations to show my progress
7) It will be a grind for the most part, but it's great money. Do things to entertain yourself, I like listening to music while I do bonuses
8) Enjoy your money!

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