Bonus Hunting and Online Gambling
If there is one thing that brings major headaches to online casino operators that would be bonus hunting. Bonus hunting has become rampant online. It has become a major source of problems for many casinos online that they have resorted to banning casino players from some countries. This is affecting the online gambling industry and many casinos are incurring huge financial losses from paying bonus hunters.
But what is bonus hunting? How does this work?
Understanding Online Gambling Bonus Hunting
Bonus hunting is actually quite profitable for many people, so it's not surprising why there are a lot of people who are doing it. Basically, however, online casinos offer their games with built-in house edge. This allows casinos to make money. The house edge varies from one game to another and one casino to another. There are games like blackjack and baccarat that offer low house edge so if you play these game, you have better chances of winning the game.
Ironically, games like keno and slots have higher house edge. Actually, this makes sense because these games are games of chances. Many people play these games because they do not require skills or strategies. If the house edge is lower for these popular games, online casinos would likely go bankrupt within a month or so.
Along with the house edge, online casinos offer jackpots and bonuses for the games. They also offer bonuses when you make a deposit or you register. With these bonuses, however, they also impose wagering requirements. You need to complete or comply with the requirements before you can withdraw the bonuses. This is where bonus hunters come in.
Online gambling bonuses are perfect for bonus hunters. These people would look for online casinos that offer the biggest bonuses and then they would play games with low house edge. Once they have fulfilled the wagering requirements, they would then withdraw the deposits and their bonuses. Before online casino operators would grit their teeth every time these happen; but nowadays, they are fighting the bonus hunters. They are now using several methods to deter bonus hunting. For instance, there are casinos that offer bonuses only for games with high house edge. There are casinos that impose even more stringent wagering requirements.
These days there are still a lot of online casinos that are still vulnerable to bonus hunters, but most casinos are becoming wiser. In truth, bonus hunting is not illegal. It is one of the advantages or disadvantages - depending on which side you're looking at it - of online gambling.
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