The system works, but is dangerous. This is an old method for beating bonuses, and many casinos view it as "bonus abuse". Sometimes, they will pull an "F U Clause" for such play, even if it is fully within the terms and conditions.
Depositing $20 for $20, and playing EXACTLY to the minimum WR of 400 $1 games is likely to make the casino view your play as "bonus abuse". This can result in non payment of winnings, and return of deposit only. If you FAIL with the system though, they wont tell you, nor will you receive your deposit back.
Accredited casinos here are expected to deal with this differently, and pay provided the play met the terms and conditions, but they CAN then exclude you from further offers, or even close your account, and not risk being said to have failed to meet the standards for accreditation.
Playing SLOTS with a welcome bonus is less risky in the sense that you are unlikely to be accused of "bonus abuse", and if you win, you should have no trouble in getting paid.
Starting off with a small $20 is a good idea, as if it all goes wrong, this is all you have risked to find that out.
888.com and the numerous skins running Cassava software are notorious for pulling the "F U Clause" on players who MEET the terms, but are deemed to have been "abusing" the bonuses. Often with 888.com, this has been targeted at Blackjack players who sign up, play ONLY Blackjack, and take profits as soon as WR is met. Usually, this happens when players do this again at another skin run by 888.com, and the first the player knows is that their winnings are confiscated, and they get some or all accounts closed.
Many casinos that have "too good to be true" bonuses give players problems when it comes to cashing out winnings from these bonuses.
Whatever advice you get here, first check the casino is NOT in the "Rogue Pit" here before you try any "system" of advantage play with a bonus.
Empty Fruities Astern Capt'n
Back to port for unloading.
Full Sails - before we get raided ourselves.
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