How To Make Money From Risk Free Casino Offers And Online Casino Bonuses

Make Money From Risk Free Casino Offers & Low Risk Bonuses

The casino always wins.  This is because the house has the edge, the odds are in the casino’s favour.  However, what if the player has the edge and can, therefore, make money from the online casino?   This is possible more often than you might think in the form of casino offers and bonuses.  Almost all online casinos have sign-up offers to entice new players.  Many of the online casinos also have casino promotions every week from which it is possible for us to exploit and make money from.

Even if you have already opened bookmaker accounts, often the casino section of the site has a separate first-time deposit offer.  Sometimes more than one first-time deposit offer is available if they also have a Games or Vegas sections too.

Many of the online casinos then have daily or weekly promotions we can profit from such as totally risk-free free spins with no wagering, to a range of deposit offers.

This blog post takes a look at how you can profit from these types of online casino bonuses.

The journey of Matched Betting (read my complete beginner-friendly guide) typically starts with us taking advantage of and profiting from bookmakers free bets.

Matched betting casino bonuses is another element and can be just as lucrative if not more so than making money from free bets offers.  In fact, they are one of the key ways I still profit from gubbed bookmaker accounts.

Firstly a word of warning:  If you believe there is any risk you may not be able to control yourself and will be tempted to gamble by playing a few more spins of slots or hands of blackjack etc, then it’s probably best you avoid the casino offers.

Where Can I Find Matched Betting Casino Bonuses

Profit Accumulator is my preferred site for finding all Matched betting offers including casino sign-ups and reloads.  You can read my full Profit Accumulator review here.   The post also includes tips and info on which forum threads to follow for more even more casino offers,  many of which are risk-free.

Casino Offer Sign-ups

These can be found in their own category within the Profit Accumulator Offers section of the site.   The range of offers totally varies.  Some offers give away totally free spins with no wagering and are well worth doing.

Other offers give away free spins or bonus funds but come with insanely high x 99 wagering requirements.  You might not choose to do these as your likelihood of profiting is very low.

Other offers require you to deposit and wager to get a bonus or free spins.  With these offers, you might have to risk some of your own money in order to complete the bonus offer.  If this doesn’t appeal you can simply ignore these.  There are plenty of risk-free offers to keep you busy.

It’s totally up to you which offers you choose to do.  Don’t worry if you don’t understand some of the terms I’ve used so far, hopefully, I will have explained them below.

Profit Accumulator Reloads

Reload offers are offers that entice existing customers to continue playing even after they have signed up.

Reload offers are issued for bookmakers sports bets and also casino offers.  Sometimes the two are actually combined, in that you may have to place a sports bet to get a casino bonus and vice versa, play casino to get a free bet.

New offers are typically added every day, in fact, some casino offers may run daily for a period of time.

What Is Wagering?

Wagering is the number of times you have to play through the money or bonus funds.

For example, if you need to wager £10 on a game of blackjack, you could play 10 x £1 hands.  You’d have wagered £10.

If the wagering relates to a bonus, let’s say a £5 bonus with x 1 wagering requirements.  This means you have to wager through the £5 once before it becomes your own money.

So, if it’s on a slot game, you might do 25 spins at 20p.  That would be wagering complete and you keep whatever’s left.  That might be for example £2.40 or it might be something £24 if you hit a big win.

If you get a £5 bonus with wagering x 30, you would need to keep playing that £5 through until you have wagered a total of £150 (£5 x 30)

Once you have lost the £5 or more, wagering would be over.

What Is Expected Value or Estimated Value?

Expected Value or Estimated Value is the expected return you would expect to make from the offer if it was done infinitely.

Obviously, we only do offers that have a positive Expected Value for us the player.  The Estimated Value of each offer is indicated with each offer instructions posted on Profit Accumulator, therefore making it clear to you whether the offer is worthwhile doing or not.

The higher the Expected Value the more you might expect to win.

Obviously, this will totally vary each time.   Sometimes you’ll lose and sometimes you’ll win.

What’s The Expected Value In Relation To Wagering?

For every casino and casino reload offer Profit Accumulator states the Expected Value of the offer.

I personally relate the Expected Value to the Wagering.   If the Expected Value is a very small percentage of the wagering, I won’t risk losing too much for a small expected value.

For example, an offer which is Wager £50 with Expected Value (EV) of £2.50, has an EV of 5% of the wagering.  That’s too fine a line for me.  I wouldn’t want to risk big losses wagering £50 just to expect to be £2.50 better off on average.

I would, may how however be more likely to wager £50 if the expected value was £10, which is 20% of the wagering.

What is RTP?

RTP stands for “Return to Player”.  This is the edge the casino game or slot has for the casino.

If the RTP was 100 it would mean the return to the player was 100%.  Over time the players as a whole wouldn’t expect to lose to the casino because the casino has no edge and pays out all winnings over time.

The lower the RTP, the more profit the casino is making from the player.

When you are doing an offer you want to play the highest RTP game you are allowed (subject to the terms and conditions of the offer).  Profit Accumulator always includes the recommended game of choice with the highest RTP.

If it’s Blackjack that’s part of the offer, Profit Accumulator link to the strategy for that game so you can play the strategy that achieves the highest RTP.

What Are the Different Levels of Risk for Casino Offers

There are different risk levels of casino offers.  You don’t have to do all of them.  I certainly don’t.

Risk-Free Casino Offers – Win Money For Free

Risk-free casino offers are those which you won’t lose any money.  Effectively they are a chance to win money for free and a good one at that.

For a sign-up offer, it might be Register and get 10 free spins.  No deposit required.  This gives you the chance to win money for free.

A risk-free reload offer with a casino account you already have open might be something like 10 free spins on a slot game and you keep the winnings.

You’re basically at no risk of losing your own money if you simply undertake the offer correctly.

I love these type of offers and you can literally win money with no money in your account.

Examples of Risk-Free Offers

  • Free spins No wagering (Keep all winnings)
  • Free spins with wagering (lower wagering the better)
  • 30 seconds of free spins
  • £10 on Roulette or Blackjack refunded in cash if you lose

>>Checkout my Win Free Money Daily post to see the true potential for winning money for free from all kinds of competitions and offers.

Low Risk-Offers

I class a low-risk offer as those which you wager and can possibly lose real money.  However, you know how much you have to wager and you can choose to stop at any time.  You also know what you will receive upon completing the wagering (e.g free spins or bonus) and the Estimated Value of the offer.

Along with risk-free casino offers, these make up the bulk of the offers I undertake.

Many of the offers are Wager £5 or £10.  It’s unlucky if you will lose the whole wagering amount.

After a while, you will get a feel for what each of the main slots used for wagering are like.   Some pay out some winnings at least every few spins.   If you come across a new slot that you are not sure about, you can read the relevant offer forum thread on Profit Accumulator to see feedback as to whether it’s a slot that pays out often or infrequently, therefore more likely to be hit or miss.

I also class the Bet on Sports and Get free spins to be low risk.  These are usually bet a small amount such as £5  and make a small qualifying loss when you back and lay bet.  Usually, the free spins relate to the number of goals scored.  Sometimes no goals are scored and you are left with a small qualifying loss, but that is rare, especially if the one bet covers a range of games.  I’ve had 20-30 free spins from some of these types of offers.

More Examples of Low-Risk Casino Offers

  • Wager £5 get 10 free spins (no wagering)
  • Wager £5 get £5 bonus (x 5 wagering)
  • Bet £5 Get free spins per goal scored in all Premier League Games that day

Medium Risk Offers

Caution – You can lose your whole deposit with Medium Risk Offers

I class medium risk offers as offers when you can lose the whole deposit because you have to complete the offers wagering requirements.  Again these are casino offers posted in Profit Accumulator and you know the estimated value in advanced.  You also play them at maximum lines and minimum stakes to reduce the variance.

However, unlike wagering low risk offers you can’t just stop wagering when you want, you have to finish the offer.  It’s quite possible you can lose your whole deposit.

Such an offer might be something like this:

  • Deposit £50 get £25 bonus x 20 wagering (deposit converted to bonus funds)

Once you have accepted that bonus the deposit and bonus will become bonus funds until you have completed wagering (£25 x 20 = £500).  Therefore you have to keep wagering and there’s a chance you will bust out.  Lose the whole £50.

I have done these offers in the past but I personally don’t like the big set back of losing £20 t o£100, which has happened. Therefore I very rarely do these offers.  The offer would have to be of exceptional value, certainly over 20% estimated value in relation to the value of the deposit.

Note: I very rarely do medium risk offers.  On the rare occasion I do, it’s typically for small £5-£10 buy-ins or over 20% expected value in relation to the bonus.  Even then I might skip them.

High-Risk Casino Offers

Profit Accumulator does not advertise these offers, they are high-risk and best to be avoided.

There’s a Profit Accumulator forum thread dedicated to High-Risk Casino Offers posted by members.  The following link will only work if you are already a member, so copy and paste this link if you are :

  • http://forum.profitaccumulator.co.uk/topic/33027/high-risk-casino-offers

There are people posting and discussing high-risk casino offers every day.  Some members are happy to help, even if it’s to put you off doing them.

High-Risk Casino Offers are not for beginners, in fact, they are not for most people.

You’ll need a big bank (£20,000+ at least) and a full understanding of what you are undertaking with these offers.

The high-risk casino offers are as much about mindset and money management as doing the actual offers themselves.  The stakes are large and the losing streaks can be long and large.

There’s plenty of advice on the forum and members are happy to help (even if it’s to put you off doing them).  You’ll also be able to see the up’s and downs people are experiencing.

In researching these offers, the advice I was given was to “read the whole forum thread”.  Every question you have is answered in the forum.  Plus in doing so, you gain the knowledge of how to approach these offers.  You will gain some experience as you will read about the big wins but also the run of losses and meltdowns.

I personally DO NOT DO these offers and I don’t recommend them.

I’m just including info on them here in case you’ve seen mention of them elsewhere and wondered what was involved.  Don’t be enticed by the big win screenshots from higher stake bets.  These same people go through long periods of losses.  Best to avoid high risk IMO.

How To Play The Casino Games

The most common casino games you will play to benefit from an offer are:

  • Blackjack
  • Roulette
  • Slots

Don’t worry if you haven’t played any before.  They are all fairly straightforward.  Profit Accumulator provides info on how to play roulette and blackjack.  Most casinos have free demo versions if you want to practice.

Blackjack is a game of strategy and the decisions you make are based on the cards you and the dealer are dealt.  In this instance, you just look at a strategy card for the type of blackjack you are playing and play the hand as the card instructs. The individual offer instructions on Profit Accumulator usually links to the blackjack strategy card.

Roulette is very easy to play, no strategy card for this is needed.  Typically you’ll just wager on something like Red or Black or Even or Odd.

Slots are really simple to play.  Just make sure the slot is set to minimum stakes and maximum lines.  Some casinos load the game with stakes loaded higher than the minimum, so always get in the habit of lowering stakes before you start spinning.

Once you get used to all 3 casino games, they are really easy to play.

Slots are my personal favourite because you can set the slot on autoplay and not have to pay it any attention, therefore be doing something else at the same time.

How to Play the Casino offers

Different people have different ways of playing offers.  How you attempt them will depend on a variety of factors such as your tolerance towards risk, the size of your bank etc.

My advice is to stay within your comfort zone and attempt offers that you are comfortable with.

Minimum Stakes Maximum Lines

Profit Accumulator recommends minimum stakes and maximum lines as the way to play the casino slot offers.  This keeps variance at its lowest.

If wagering real money I always play minimum stakes and maximum stakes.  The more spins I have the more likely I am to hit a bonus round.

Bonus rounds are typically where you hit the bigger wins.  Although not always and the payouts do vary from slot to slot.

Higher Than Minimum Stake Spins Including £1 Spins and Higher

Some players like to play £1 spins on wagering.  This can result in big wins.  However, you’d need to be prepared for higher variance.

This means you’re more likely to win big or lose more often.

The only time I play higher than minimum takes is when it’s pure bonus funds and isn’t going to lose me real money.

Some risk-free offers with excessively higher wagering aren’t worth the time it takes grounding out on minimum stakes but I’ll maybe give them a quick attempt at higher stakes.  If I get lucky and hit an early win and it seems more likely I might get something from completing the bonus I might play the rest of the wagering out on minimum stakes.   If I bust out on higher stakes I haven’t lost anything, including too much time.

What Types of Casino Offers Are There?

There are various types of casino offers and they have there pro’s and cons.  Many more than I possibly list.

I’ll cover some of the more common examples.

Bet on Sports Get Free Spins

These are one of my favourite casino offers.  You typically back and lay a £5 bet on sports to qualify for free spins.  The qualifying bet typically costs a loss of around 10-20p and you have a very good chance of profiting from free spins.

Some offers give free spins per goal in one game, but others such as Coral and Ladbrokes, have been known to give free spins away on a range of games for just one qualifying bet and with no wagering on the free spins.

I won £86.26 from one spin on one such low-risk offer at Sun Bets. Low Risk Free Casino Free Spins Offer

Every free spin is worth taking.  This was a Ladbrokes offer, 1 free spin on Family Guy and it paid out £16.70.

A Risk Free Casino Offer Win

One of my first decent wins was with Sky Vegas.  A totally free £5.  I did £1 spins, I assume from memory that was the terms of the offer, 5 x £1 spins.  I hit a nice bonus round and won £157.  There must have been wagering with the offer as I finished with a profit of £149.60

Win From Free Money Casino Offer

As you can see, I have only shown screenshots for risk-free and low-risk casino offers.  There is no point me showing wins from medium risk offers because there’s a chance it may have all been lost afterwards before completing the offer.

Casino Offer Strategies And Tips

Here I’m just relating to the risk-free and low to medium risk offers posted in Profit Accumulator Reloads.

Some people play every offer that gives them a mathematical edge with a positive expected value.  Others, myself included, are a little more choosy.

Factors To Consider If A Casino Offer Is Worth Doing?

Does it have autoplay?

This is a key factor as it means you can leave the slot running and get on with other tasks at the same time.  Or leave it on mute in the background while watching TV or something.

How To Keep Track Of The No. Of Spins Or Hands Played

Some casino offers will actually show you how much you have wagered in a visual form.  This might be found on the Promotions page or within “My Account” section of the casino.  If you can’t find it on the site, ask live chat.  If the site doesn’t show wagering, you can usually ask support to give you an update.

Here’s an example on one on a promotions page:

Casino Wagering Progress

For some casinos, you may have to check areas in the account transactions history, but it’s not always clear how much you’ve wagered or how many spins you have completed.

Some slots don’t have autoplay and others reset the autoplay when you hit a bonus round.

If you overspin you risk losing value from the offer.

Keep Count With A Tally Or Clicker App

One solution is to use a click or tally counter app.  Quick and easy to download on your phone and really simple to use, just click every time you spin or play a hand.

Casino Offer Tips

If at all possible play the slots on autoplay and mute the sound.  Ideally, be doing other tasks at the same time as running the slots.  This saves time and also stops you becoming emotionally involved in the visual and sound effects that make slot games more interesting and enticing to play.

This is more relevant to slot games that involve a lot of wagering.

Open a new email address just for Casino offers.  I’d suggest having a separate email address from your sportsbook matched betting email. Some casinos send loads of offers, most of which you will want to ignore.

Complete the offers within a good time.  I always aim to complete offers as soon as possible after starting.  It would not be a good idea to start an offer and risk forgetting to complete wagering within the set period and risk losing all bonus funds.

Tips To Speed Up Wagering

Some casinos will allow you to play more than 1 slot game at a time, so for example at Ladbrokes, I wagered an offer playing these two high RTP slots, Golden Tour and Wild Gambler on my laptop.

I also loaded the Golden Tour slot on my phone and had that playing at the same time too.

Not all casinos will allow you to do this.

Speed Up Wagering Tip

Other factors to consider If a Casino Offer Is Worth Doing

As well as the estimated value of the offer, there are a couple of other factors I personally consider before deciding whether to do an offer or not.

How time-consuming is doing the offer?

We are doing these offers to make money, so obviously, the amount of time we spend doing the offers is a factor.

Some offers might involve a casino game that requires your attention, such as Blackjack.  This is quite a slow-paced game compared to spinning on a slot machine.

Live casino games can be even slower still.

Does The Offer Cap Winnings? 

You might find some offers cap winnings to quite low amounts, e.g £20.

While this might be fine for a quick and easy risk-free offer.  It might make another offer that involves a bit more time and attention, such as playing blackjack or an offer with a fair bit of wagering not so worthwhile.

I personally am not interested in attempting an average expected value offer if there is no upside of keeping a big win.   So if there’s a risk of me losing money or the offer might take a while, I won’t bother if winnings are say, capped at £20.

If its free spins that take less than a couple of minutes then I very well might.

Whats Slots To Choose To Wager A Casino Offer

In time you will learn what slots are best for you.  Typically its best to go for the very highest RTP slot you can for the offer.  This will be named in the Profit Accumulator offer instructions.  However, sometimes a particular slot can be a little time-consuming due to often hitting a relatively low paying bonus round too often and therefore stopping the reels spinning each time.

Some slots such as Ted, stop the autoplay when you hit a bonus round so you lose track of how many spins have spun.  You can’t simply set for 100 spins and leave it.  You need to check it every so often.

What are loopholes?

Loopholes are generally casino offers shared in the Loopholes forum thread at Profit Accumulator.  These are a slightly more advanced type of advantage play.  You will need to read the instructions and comments posted in the forum to work out what to do.  They are not advertised specifically by Profit Accumulator.

What strategies work changes over time and there are risks the loophole could be closed at any moment.

Loopholes are not for everyone and are risky, but I’m mentioning as you might see reference to them.

I personally haven’t attempted any, but I did know of one loophole that helped me get a little extra profit out of another standard casino offer.  (It was basically playing a slot game that let you save some of your winnings in a bonus game that you could then withdrew without wagering).

Things to Look Out For 

Always read the offer instructions.   Make sure you are playing the right casino game or slot.

Check whether the instructions say to withdraw funds during part of the offer as some offers will wager real cash first before bonus funds.  If this is the case the instructions will tell you to either withdraw or maybe transfer the funds to another section of the casino (ie the bingo or poker section).

Before you start spinning on slots always make sure the stakes are set to minimum.

Should I Mug Bet Casino Offers?

Mug betting is when you bet with the intention to look like a normal punter and not purely betting to get free bets or take advantage of some other promotion.

Some people do this in the hope that to the bookie their account doesn’t stand out as a someone who is Matched Betting.

Should you, therefore, mug bet casino offers?

In my opinion, it’s an easy no.

Firstly being gubbed from using a casino is much rarer than being gubbed from placing sports bets.

It’s much easier to take advantage of sports offers for profit.  You can even arb the bookie and profit that way.  So, therefore, the bookies are much more likely to clamp down on this.

With casino offers the bookie or casino are much more in control of the value they are giving away.  It’s one offer and they know the expected value they are offering to the player and in the long run, they are not giving away any more value than that.

Overall the online casinos probably profit because many people will not play the highest RTP casino game possible, and also it will entice some people to play in the casino for real.  Some Matched Bettors even over spin after an offer so they gain value their too.

My Casino Gubbing Experience

When I started out, I mugged bet SkyBet Casino after some casino offer wins.  I was still gubbed, across both the Casino and Vegas platforms.

I was also gubbed from Ladbrokes Casino offers, again, at times I had done some extra spins if I had attempted a lot of offers.

Also, if you mug bet and win, it’s highly likely you will want to mug bet again.   Next time chances are you won’t be so fortunate.

Also, mug betting immediately reduces the expected value of the offer, whether you win or not, because in the long run, you can expect to be worse off.

In my experience mug betting in a casino does not prevent you from being gubbed in the sports section of a bookie.

How Much Money Can You Make From Casino Offers?

Every month I do at least some Matched Betting.  Bearing in mind I have been Matched betting well over 1 year before I started to produce income reports.

When I started Matched Betting, I mostly attempted sports-related offers.  However, as I slowly started to get gubbed which means I’m not entitled to free bets and sports promotions at some bookies I moved more and more towards risk-free and low-risk casino offers and consistently made money from them.

Each month is different so have a look through a few of my income reports to see where the money is made.  I break down the earnings into the different offer types I attempt.

Here are some recent earnings, bearing in mind these offers take very little time.

Some of the reports also include other easy ways to make money from home in the UK on a monthly basis.  Ideal if you are looking to make an extra £500+ a month.

Conclusion

The risk-free casino offers and low-risk casino offers are potentially worthwhile ways to make extra money on a monthly basis.

Medium and high-risk casino offers are a different ball game.  Potentially profitable in the long-term, but certainly likely to cause losses, possibly significant losses in the case of high-risk casino offers and are probably best avoided by the vast majority of people looking to earn some extra money.

If you have any experiences to share your attempts at casino offers or any questions, please comment below.

 

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