What is a Bonus Hunter?
Bonus hunter is the term used for a bettor who makes a point of seeking out the bonuses which bookmakers often pay out to people choosing to sign up to an online site. In most cases the bonus in question will take the form of a certain amount which can be bet, but only on wagers which meet specific terms and conditions. These might be to do with the timescale, the type of bet or the sports which can be bet on.
How is Bonus Hunting used in Sports Betting?
The bonuses paid out by online bookmakers are symptomatic of the highly competitive nature of the marketplace. With so many options on offer, the average bettor will be looking for anything which gives them a little more to bet with, but a bonus hunter will seek to use the bonus to turn a profit before moving onto another bookmaker and another bonus. As the bonuses on offer have become smaller in recent years, and the conditions attached to them more limiting, this has become a little more difficult, but is not impossible if the right system is employed.
The basis of this technique is for the bonus hunter in question to sign up with one site, use the bonus to make wagers which meet the terms and conditions and then make the opposite wagers on another site. This way one side of each wager will win and there’s a possibility that the final pay-out will clear the bonus to result in a profit.
Given the amounts involved it’s fair to say that being a bonus hunter is probably a minority activity and one which is unlikely to generate the profit needed to justify the time and effort required to make multiple opposing bets on a number of different sites. Whilst a signing on bonus will always be welcome it should be viewed as simply that – a small bonus when a bettor would have joined a site anyway – rather than the means of generating larger winnings.