You all want to take that free casino bonus that you find on all casino sites. But what is the correct way to take it? How can you convert your bonus money to bankroll money?
Step 1:
In the old days, the players could only clear the funds of the bonuses through cash game play. They had to play the required number of hands to get the bonus. No tournaments were available to help you clear it.
Nowadays many sites allow someone to clear his bonus by playing in tournaments. These websites calculate the bonus the same way they calculate player points, so at the end the cash games and the tournaments count the same towards the total. Before you sign up for your bonus first check if the site allows the clearance of bonuses through tournaments.
Step 2:
Some players raise the stakes as they see bonus clearing as an opportunity for them to do so. They believe that even losing a hand the bonus will make up for it. Beware of this trick. The only time when you should move up in stake limits is when you are ready.
You can take the bonus slowly by playing your current limit. What you don’t want is to engage your bankroll at a higher limit before you clear the bonus and at the end lose both. If this happens and you lose your bankroll then you will have to deposit more money so that you can release the bonus.
Step 3:
Once the bonus money goes into your account, be careful with it. It is not ‘free money’. It is now your money and you should handle them with the same care and skill as your regular bankroll.