1. You apply for as many as you can, then keep a close watch on all coins that you actually receive (my guesstimate so far is around only 20-30% of the air drops actually pay out) so you can sell them off quickly as they hit an exchange and pump before the devs dump their holdings and the coins die off.
2. You apply for as many as you can, then HODL for several years. This is a bet on the cryptocurrency market as a whole and a bet that we're really only in the very first beginning of a huge mega-bull market in cryptos which will make those that HODL their altcoins for the long-term very rich as Mr. and Mrs. Average Investor enter this market, hungry for a piece of the cake.
Personally, I'm in the second camp, don't want to spend all my waking hours trying to time the pumps of my air dropped coins and I firmly believe that even if only 1 in 10 of the air drops go on to balloon in the years to come, I will make a substantial profit.
And it's not 'free money' to me, anything that requires my time, effort and attention has a price to me, so the air drops that want me to work as a part-time unpaid marketing monkey can pretty much fuck off and die, as far as I'm concerned
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