Yes, I said it. Bonus whoring is old school. For those of you who aren’t familiar with bonus whoring, it’s basically taking advantage of poker and casino bonus offers. Bonus whores sign up at a site, play the minimum required to clear the bonus, cash out, and move on to the next victim.
But don’t you tell people that they SHOULD take advantage of gambling bonuses?
Yes, I do, but not the same way that bonus whores do. See, I too was at one time, a bonus whore *shameful look*. I’ve changed my philosophy somewhat since then and advocate a slightly different approach I call bonus hacking. So how is bonus hacking different from bonus whoring? I’ll explain that and more in the following article.
As a new player I learned quickly that one of the keys to becoming a successful gambler was proper bankroll management. I started looking for any article I could find on building a bankroll. That’s when I discovered bonus whoring.
That was back in 2004, when bonus whoring was in its prime. Now, things have changed significantly. Most of it has gotten worse as far as players are concerned. Bonuses have become much more difficult to clear, and gambling sites now make examples of bonus whores by banning them and/or confiscating their winnings.
A new approach is needed to ensure new players have a chance to build a nice sized gambling bankroll, and gambling sites aren’t completely ripped off. So that brings me to the first difference between bonus whoring and bonus hacking;
Bonus whoring is shortsighted, while bonus hacking is in the long-term interest of players and gambling sites.
My main purpose is to help you make money gambling. However, in order for online poker rooms, online casinos, and bingo sites to continue providing quality bonus offers, we have to consider their interests as well. If selfish players (me included) hadn’t abused the gambling sites for the past few years, everyone would still be reaping the rewards of great online gambling bonuses. So what is the answer?
Bonus Hacking Principle #1: Play more than required
When playing for a particular gambling bonus, ALWAYS play between 50-75% more than is required.
For example, if a poker site requires that you get 100 points to clear a $100 bonus, you should get between 150 - 175 points before trying to cash out any winnings. This way, the site will view you as a valuable player, and gladly offer you bonuses in the future to come back. At the same time, they won’t be as inclined to change the bonus requirements to make their offer more difficult to clear.
While there is a slight chance that you will lose some of your winnings in the process, there is also the same chance that you’ll win even more.
Bonus whoring focuses mainly on poker bonuses. There’s nothing wrong with that, I love poker bonuses. But there’s so much more money to be made from casinos, bingo sites, sportsbooks, and even rummy and spades sites. If Bonus Hacking Principle #1 was the bad news, here’s the good news.
Bonus Hacking Principle #2: Diversify your bonus portfolio
Just like with investing, diversification is key. By expanding the range of bonus offers you take advantage of, you will make thousands of dollars more over time. It doesn’t matter if you want to be a poker player, a craps pro, or a blackjack card counter, there’s no reason you can’t take advantage of an online bingo bonus while you build your roll.
Are you ready to start your bonus hacking career? If you are, you need to stick around for the remainder of this series of articles on bankroll management. I’m going to show you how to build a bankroll of over $5,000 with gambling bonuses, and then how to manage your bankroll as you move up in stakes. It’s going to be very valuable information, so I hope you’ll join me as I show you how to make money gambling!
Do you have any questions about Bonus Hacking? Or perhaps you have an idea on how to improve the concept of Bonus Hacking – if so, let me hear about it!
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