Profit from Casino Offers Now
Casino and How to Profit Consistently
So hopefully you are now familiar with matched betting and are enjoying the extra income, but it doesn’t stop there.
We are also able to profit from the casino offers. Yes, we can make money from those scary slot machines that you’ve been told never to trust!
Now before we go any further, we here at Back Yourself Betting would like to offer a few disclaimers.
Firstly, there is no guarantee you will make money from these offers. They are calculated to be profitable in the long term but there will always be variance.
Secondly, like all betting, participating in casino offers can cause addiction. To make money with these offers, we need to be in control of our emotions and methodically go about them. If at any point you recognize you are no longer operating in this way, we strongly suggest you walk away.
Third and lastly, nothing in this article or even on this website is financial advice. We are merely highlighting that casino offers can be profitable, should you wish to complete them.
Now, let’s get into this!
Is It Smart To Play Casino?
In one word, no.
HOWEVER, is it smart to take advantage of casino offers? Heck yeah!
If you haven’t read the article ‘What is Matched Betting and How to Profit Today’, I suggest you check that out here.
In this article, we talk about the edge that the casino has. This is the slight advantage they always have over the player. This is why if you were to play casino games over the long term without any offer, you would lose out to the bookie.
If anyone tells you they have a magic formula to beating the slots or a blackjack strategy that always wins, you should run a mile!
After all, if they had, why would they share it with you and not just make the millions for themselves?
The edge that the casino has is often displayed as RTP so let’s discuss that now.
What on Earth is RTP?
RTP stands for Return To Player. This is displayed as a percentage and represents how much on average, you will get back from the amount you stake.
For example, if you were to play £10 on a slot with a 95% RTP, on average you would end up with £9.50. That’s not £9.50 profit, that’s £9.50 out of the £10 you staked. The casino love their edge!
Blackjack is known to have the best RTP, 99.58% (although this will vary depending on the variation). If an offer allows you to use blackjack, it’s usually the best option. To maximize this RTP, you should follow the perfect blackjack strategy, which can be found on the website.
Variance
Variance refers to how erratic the payout of a specific slot or game is. Although the RTP may be high on a slot, there may also be high variance, meaning bigger losses are more likely.
With a high variance slot, it’s not unheard of to wager £10 and get nothing back. This means that the wins are often larger to balance it out, but don’t count on a big win.
When an offer lists the slots that can be used, it is worth researching their variance as well as their RTP.
Regardless of variance, the advice is to follow the RTP. However, it is a personal choice whether you would rather take a slight hit on the RTP of a high variance slot and go for a lower variance slot to reduce risk. Be aware that by doing this, the EV (discussed later) will be lower and in theory will produce lower returns over time.
Wagering
*Deposit £20 and get a 100% deposit match*
Well, that sounds a pretty good offer, right? Well, it does until you read there’s a 35x wagering requirement.
This means that before you can withdraw the winnings from the bonus, you have to bet it 35x. That’s £700 worth of wagering.
This means you’re a lot more likely to bust your bonus rather than withdraw it. Some of these offers also include your deposit needing to be wagered, meaning you risk losing your initial £20.
Always remember to watch out for wagering. Most offers that are recommended as low-risk, will generally have a 1-25x wagering requirement but there are exceptions.
Spin Size and Lines
All slots have a spin size that can be altered, usually from either 10 or 20p per spin, all the way up to hundreds of pounds.
Many slots will be set to £1 or £2 per spin by default, so remember to change this to the lowest amount possible to reduce variance.
You also want to make sure you have the most lines possible. Lines are the patterns that you can win with. The more lines, the more chance of hitting some winners.
Generally, the best way to go about setting up for your spins is maximum lines and minimum spin size.
Offers and Making Money
So now that we’ve got the technical terms out of the way, its time to discuss how we can make a profit.
Casinos and bookies will often run offers such as “Wager £25 and get 25 free spins” or “Wager £20, get a £5 casino bonus (with 25x wagering)”.
By knowing the RTP of the slot that we need to wager on, we can work out if this would be a profitable offer in the long term.
Let’s take the first offer as an example. We can wager this on any slot so choose Guns N’ Roses. This is a popular slot due to its low variance and high RTP.
So this slot has an RTP of 96.98%, meaning that when we wager through £25, we will come out with £24.25 on average.
We then get our 25 free spins on another game that has an RTP of 94.25% and a spin size of 10p. This means we have £2.50 worth of spins and by using the RTP, we know that on average, we should win £2.36 from these spins.
Now we add this to the initial wagering and we come out with a total of £26.61.
This means that we should come out with an average profit of £1.61 from this offer. This is the EV.
EV
EV stands for Estimated Value and is the average earning from each offer.
You may come out with +£67.89, +£7.51, -£2.68 or even -£14.89, but the average is an increase in your bank of £1.61.
Don’t worry, you don’t need to work this out as most sites such as Oddsmonkey will calculate this for you. But its always good to know how to calculate it, especially if you get an invite-only casino offer.
If you are unfamiliar with Oddsmonkey, we suggest you check them out with the free trial via the link below
Is It Worth It?
Now, some of you may be thinking “really, all that effort for £1.61? No thanks!”
I thought the same when I first started casino, but when you realize that you could complete this and similar offers in 5 minutes while watching your favorite TV show or having a nice warm bath, it becomes more appealing.
In the evening, I’m able to use my laptop and phone and complete about 10 offers an hour, for about 5 minutes of effort. Just leave it spinning and get on with whatever you want.
If I was to complete this exact offer 10 times over that hour, that would be an EV of £16.10 per hour. Not bad considering I’m probably just watching the football!
This is just the reload offers. The signups can be far more lucrative, with some averaging between £20 and £40 but once again, these aren’t guaranteed profit. I made very little from the signups while the co-founder of Back Yourself Betting made over £1,000 from the Ladbrokes sign up offer!
How Do I Keep Track?
Over time, we’ve found that without a way to track your casino offers, it’s extremely hard to manage.
That’s why we’ve created our Casino Profit Tracker.
We genuinely believe this is the best way to track your casino earnings. You can calculate your EV over time and compare it to your current profit, all in one place.
Without tracking your EV, there’s no way to find out if you are on track or if you’re completing enough offers to reach your targets.
If you’re hoping to make £200 a month and you’re only completing £50 of EV a month, you’re not going to be able to hit that target consistently.
The tracker will help you monitor this and tracks it in an easy to view format, so I highly recommend checking it out below.
Summary
Casino offers do not guarantee a profit, but by doing them consistently, most profit long-term.
Many times I’ve been below EV over a few weeks or even a month, but have still always come out profitable.
This isn’t to say it’s not possible to lose money from casino offers, but the more offers you do and the more EV you accumulate, the more likely you are to increase your earnings.
We here at Back Yourself Betting have found casino offers extremely profitable. They’ve been a great income while sport has been postponed and will continue to complete them.
If you have any questions, please get in contact with us.