Bonus Bagging

Professional online casino players are always looking for a way to take advantage of online bonuses, the comps online casinos provide to build membership. These bonuses usually pay for themselves, by getting people to gamble at bad odds long after their bonus has been used up. However, a savvy online pro can use these bonuses to turn a profit. The latest method online pros are using for this purpose is bonus bagging.

Bonus bagging is based on the principle that some online casinos employ "sticky bonuses". A sticky bonus is one that you can never withdraw. You make your deposit and can wager with the sticky bonus right away, but you cannot cash out anything until you meet the wagering requirement. The idea is that the house edge in the games you play will eat up your bankroll even with the sticky bonus, just more slowly. By the time you meet the requirement, the casino has shown a profit since they do not have to pay out the bonus.

In bonus bagging, you make a deposit and collect your sticky bonus. You then bet the entire amount on a low house edge game. If you double up, you play through normally to clear the casino bonus. If not, you move on to a new site. For example, you make a $100 deposit and collect a $100 sticky. You wager the entire amount on the player in baccarat. You make a 9 and now have $400 in your account. You play through the $2,000 wagering requirement. Your expected loss is around 1.25 percent, so you will lose $1.25 for every $100 that you play. Your expected loss for $2,000 of play is $25, leaving you with $375. You cash out, clearing $175 of profit (after subtracting your initial investment and the bonus). Next time, you bet the full $200 and the banker makes a 9, costing you $100. You are still $75 ahead. Since baccarat is only a slightly worse than 50-50 proposition, you should clear close to $75 for every two times you try this.

The only down side is that you cannot collect a sign up bonus from the same site twice, so you will have to go through a lot of sites, or hire someone to go to sites for you.