How To Make Money From Free Casino Bets

  1. How To Make Money From Free Casino Bets 2020
  2. How To Make Money From Free Casino Bets Free
  3. How To Make Money From Free Casino Bets Youtube
  4. How To Make Money On Free Bets
  5. How To Make Money From Free Casino Bets Online

The best things in life are free, says one popular song. People love free stuff. Aware of that fact, online casinos make efforts to provide players with hard-to-resist free casino money offers, no deposit casino bonuses and free spins on slots. Free casino bonuses allow you to test the games for free while learning how they work. The best part of it is, you can use the free casino bonus just like real cash. If you are lucky enough and have some skills, you have a chance to cash out the winnings.

In contrast to deposit bonuses, free casino money bonuses are not that widely offered. However, in 2019 you can find reputable casinos offering them to their new customers as part of a welcome package. Just like in the case of other incentives, a player should read the casino’s terms and conditions carefully. Pay close attention to the requirements associated with this type of bonuses if you want to benefit from it. In this free casino guide, we will help you learn how to claim free casino money and make real money without making a deposit.

You and your friend start flipping the coin and placing your bets against the house. You each get to flip the coin 50 times. If everything happened without any variance, you both would get heads about 48% of your flips and lose a tiny bit of money to the casino over the course of the flips. But variance comes into play. Unlike matched betting, making money from casino bonuses is not risk-free. But that doesn’t mean that they can’t be profitable and worth doing. We call this notion EV (expected value). By using maths we can work out how much money we will make on average from the bonus.

How to make money from free casino bets 2020

Free Casino Money & No Deposit Casino Offers in 2019

We have listed some of the best no deposit casino bonus offers and free spins casinos in 2019. Take advantage of them while they last! The free spins no deposit casino offers can be used entirely for free and you can use these offers to win real money!

Casino
Rating
T&C Apply

*18+. New customers only. No deposit required. 10 Free Spins on registration once verified, available on selected games only. 3-day expiry on Free Spins. 2.5% deposit fee (min 50p). Cash balance withdrawable anytime + £2.50 fee. Full T&Cs apply.

Casilando10 Bonus Spins No Deposit + 100% up to €300 + 90 Free Spins
T&C Apply
T&C Apply

18+. New players only. Minimum deposit £20. Max bonus bet is £5. 35x wagering.

How to make real money with free casino money

It really is a beautiful thing – all the freebies that online casinos offer. Whether it’s free spins, welcome bonuses or whatever; it all means the same thing – a great chance to fill your wallet with free cash.

However, it’s no fool’s errand; if you are going to turn your free casino money into real cash, then you better have your wits about you. Here’s are a few key tips to maximise your chances.

1. Choose the right games

Don’t waste this free money on games that you quite simply have no chance of winning on. Pick online slots that have excellent progressive jackpots, free spins and generous bonus rounds. If you pick the game on a bad night, then skip it and move onto one that’s feeling less stingy.

The beauty of casino freebies is that they give you a chance to try the games you wouldn’t have played otherwise – so go hunting for them bonuses!

2. Don’t chase money that you haven’t spent

Very often, we can count the free casino money we get from casinos as our own and then if we lose it, we then spend our own cash chasing it. Be careful with this. Chasing lost cash can be a dangerous game to start off with, but chasing lost bonuses is just silly – move on and claim the next freebie instead.

3. Follow the reputation

The bigger bonus, the bigger chance you have of turning it into real life cash.

Thus, follow the reputations of the casinos that give out big. If you have a huge amount to play with, then there is a good chance that you will at least turn some of that free money into hard, cold cash.

No Deposit Casino Bonuses

Online casinos are known to show gratitude to their most devoted customers. But sometimes you don’t have to do anything but show interest and sign up for an account to instantly receive a warm welcome in the form of a no deposit casino bonus.

In order to stand out from its competitors, online casinos aren’t afraid to offer no deposit bonuses to new players.

No deposit casino bonuses can take up several forms, but the main characteristic of it is the risk-free play – doesn’t matter if it’s through free spins or complimentary cash prizes.

Not every online casino offers free play casino bonuses. Usually, they can be expected at new online casinos that are in need of convenient marketing – something to draw the attention of the audience. Once they’ve served their purpose, no deposit casino bonuses would perish and make room for the standard welcome bonuses.

What do these facts tell us? That we should take advantage of every free casino money offer we can find, as they aren’t that common as other special compensations!

How To Claim A No Deposit Casino Bonus

Redeeming an offer that doesn’t require a payment is a simple venture. In fact, most of the time, you won’t even have to do anything to claim a no deposit casino bonus, except finalise the registration process.

The house will automatically credit the funds you’ll be allowed to use free of charge as soon as the verification of your data is completed. It takes a couple of minutes at most.

Pay attention to the period during which the complementary funds or free spins remain valid – they may expire in a short while if not used. If assigned automatically, and for some reason, you don’t want the free cash, there will usually be an option to opt out of the deal.

In some cases, the no deposit casino bonuses need to be requested from customer support, often via email. It is still a simple process, and you’ll have the extra money on your account in no time.

What are the benefits of no deposit casino bonuses?

There are practically no downsides to receiving free casino credit, which is what no deposit casino bonuses are. The biggest selling point of a no deposit casino bonus is the opportunity to try out new games at new venues free of charge.

Players have the chance to get a taste of one or several games without the risk of losing any of their own money. The features and advantages of these games may motivate the players to fully commit to the venue, make a deposit and stay for a while. If not, they’ve still experienced new software and a new gaming environment, and it has cost them nothing.

Pre-deposit bonuses are absolutely risk-free and can be seen as a trial version of a casino website. We all love free trials, don’t we? In this case, the no deposit bonus saves us from having to make an actual payment, however small, and go through the deposit process in order to access the game range and acquire real money winnings.

Playing Slots with Free Spins No Deposit Bonuses

It doesn’t get much better than making a few quid by playing with free casino money. That’s exactly what you’re doing when you win with free spins without depositing any cash.

As amazing as it sounds, there are still a few cynics out there who don’t want to play with the spins that some casinos give new players.

Those players need to consider the following…

Bankroll

Free spins are worth your time because they give you the chance to create a bankroll you wouldn’t have otherwise.

Even if you don’t like the casino giving away the free spins, it still makes sense.

‘Why?’ we hear you asking. It’s simple really; money you win in a casino you don’t like can be used on one you do enjoy playing on.

Chance to experiment

Spending your money on new slots can be a little bit annoying.

There are so many questions going through your mind – ‘What if I don’t like it?’ ‘What if I waste my money on a dummy slot?’ ‘Would I better sticking to what I know?’

With free spins without depositing, you get to eliminate that risk and experiment without any potential worry.

What is there to lose?

When casinos offer free spins without any deposit, there isn’t really anything to lose apart from time.

Call us silly, but to us, that seems to be a fair payoff when a potential win is at the end of the rainbow.

Going for the win on free spins is a risk-free way of trying things out. Try it and you’ll be surprised how much fun and stress-free it will be.

Remember – enjoy it and have fun!

How To Cash Out A No Deposit Casino Bonus

A no deposit casino bonus is absolutely free of charge until you come to the point where you wish to cash out your winnings. Understandably, online casinos that offer these incentives have to somehow protect themselves from players who are not afraid to abuse their generosity.

They do it by imposing wagering requirements on winnings from no deposit bonuses. Otherwise, they would have less actual customers and a lot more casual visitors who come for the no deposit casino bonus alone and then leave with the winnings just like that.

Let’s say you’ve become a new member of a web-based casino, you’ve used no deposit casino bonus codes upon registration, and you now have 20 free spins at your disposal to use across a selected slots selection.

You follow the specifications of the bonus, play the free spins on designated slots and win a decent amount of cash. How are you going to cash it out? If you’ve read the terms and conditions, you’ll know exactly what to do.

Most of the time, a standard wagering requirement of 15x, 20x or 30x the amount generated from free spins will unlock the funds and allow you to withdraw the money. The key is to always read the conditions of a no deposit casino bonus offer.

How to Take Advantage of No Deposit Bonus Codes

They’re the pot of gold at the end of every online casino player’s rainbow, so let’s look at the no deposit bonus codes and how to cash them.

Most casinos offer a new player bonus. It’s sometimes free spins or bets, sometimes it’s a boost to your balance that you can choose your own gaming strategy with. Look out for restrictions on the games you can play, wagering requirements, and even time limits on your free play when you sign up.

Most bonuses require a player to hand over payment details and put some money of their own on the table.

So players love no deposit bonuses: bonuses that pay out without charging the player.

Because these bonuses are more than a little bit special it’s only fair to ask players to do a little something to get their hands on them.

That’s where bonus codes come in. Instead of allowing just anyone to browse up and click join, lots of sites limit these valuable bonuses to players who’ve managed to track down a bonus code. They’re often linked to launches, whether of new sites, new site sections, or new games.

These promo codes can be like gold dust.

You might find that you have to hand over an email address to get your hands on one. Or you can get typing on Google. That can be tough though.

There must be hundreds of thousands of casino sites and not all of them are legit. Offering bonuses that tempt in naïve players is a good way for scam sites to get their hands on your precious personal and payment details.

That’s where we come in. We can point you to trusted sites offering great-value no deposit bonus code deals that you can enjoy safely.

Once you’ve got one, make sure you get it right – cutting and pasting the code into a notepad document is a good way to save them safely, you might even want to take a screenshot – when you put it into that code box at the checkout.

Best Free Spins Casino Bonuses in 2019

Free spins casino bonuses may require or not require a deposit, but in both cases – they give away something totally free! Online casino free spins are one of the best bonus offers one can get when playing online slots.

Casino
Rating
T&C Apply

New eligible UK players only. Select Casino offer on sign-up and deposit. 4 deposits of £10, £20, £50, £100 matched with a bonus cash offer of same value (14 day expiry). 35x real money cash wagering (within 30 days) on eligible games before bonus cash is credited. Spins credited upon deposits; under £50 =10 Spins, £50 or over =25 Spins; on Book of Dead only (3 day expiry, winnings paid in cash). Play Responsibly. 18+ begambleaware.org. Click for full T&C’s.

21 Casino21 Bonus Spins No Deposit + 121% up to €/$300
T&C Apply

18+. New players only. Min deposit £10. Bonus funds are 121% up to £300 and separate to Cash funds. 35x bonus wagering requirements apply. Only bonus funds count towards wagering requirement. £5 max. bet with bonus. Bonus funds must be used within 30 days, otherwise any unused shall be removed. Terms Apply. BeGambleAware.org.

Videoslots11 Welcome Spins at First Deposit + 100% up to €200
T&C Apply
18+. New players only. £10 minimum deposit. 40x wagering applies. Bonus valid for 14 days.
T&C Apply

New customers only. Min £10 deposit. Neteller/Skrill excl. Max bonus £100. Wagering 40x on bonus amount within 30 days. Bonus max bet £5. Spins paid 10 per day.

How do Free Spins work?

So, slot machines are your cup of tea and you would like to know more about casino free spins?

They may come in a variety of forms and can be offered to both new and existing customers. They can be given with no deposit required and these are known as free spins no deposit. This bonus can also be a part of a welcome package given over the first or several initial deposits.

However, most free spin casino offers are given to players as part of a current or ongoing promotion. A free spins casino will give them to existing players. In most cases, a real money deposit is needed for this type of bonus.

Free spins are many times given for a specific slot game. Depending on the casino and the slot provider, sometimes players can choose one from a range of slot machines. Free spins are typically played at the minimum bet value. However, you will play the chosen game at the maximum paying lines. That means that you will have the best odds of winning. What’s more, all bonus features will be available to benefit from.

Each casino has its own policy regarding free spin bonuses. In most cases, the maximum amount you can withdraw is limited. Besides, you will be required to make a minimum deposit to cash out your winnings.

How To Claim the Best Free Spins Casino Offers?

If you have found a free spins offer that suits you best, complete the registration procedure. The number of free spins no deposit is not very big and typically you can get from 10 to 30 free spins to give the game a try. When it comes to deposit-based offers, you can receive 50 or even more freebies. Sometimes, they are added to your account over several days.

When it comes to slot bonuses tailored for existing players, they can be given to recent depositors with no additional deposits required or upon depositing real money.

If you opt for free spins no deposit win real money offers, you don’t have to make a payment to the casino. Simply visit the game you have received the bonus for and enjoy it.

To redeem free spins which are part of a welcome package, make a deposit and provide the coupon code if needed. The same goes for slots bonuses tailored for existing players. In most cases, you will have to enter the coupon code to get freebies.

Read the fine print dealing with the bonus policy thoroughly before you sign up with the casino. Wagering requirements are what makes free spins more or less valuable. You will have to achieve them to turn winnings into real cash. The best free spins offers are those which do not carry wagering requirements. However, at most online casinos, you will have to wager real money to turn winnings into real cash. That’s why you should choose those casinos which set playthrough requirements to 35x or less.

Free Spins Casino Offers: The Benefits

Playing slot machines with free spins come with multiple benefits. New casino players can try slot machines out and see how they work with no strings attached. Although one doesn’t have to be an experienced gambler to play slot machines, it is always useful to give a game a try at no cost. You can see how bonus features function. The main difference between free spins bonuses and free slots available in practice mode is that you can win real money. While playing free spins you can hit some nice winnings without risking your own money.

Free spin offers are especially useful if players don’t have to make deposits to claim them. Lucky punters can keep their winnings gained from free spins. They are allowed to wager the bonus cash on other casino games too as long as their balance is positive. Choose reputable casinos offering this type of bonuses with realistic and achievable wagering requirements. By making a minimum deposit, you can clear out them without too much hassle.

Whether you are a new player or a regular one, you can enjoy free spins. Slots bonuses are typically given for the most popular slot games, so you can feel all the fun and excitement while triggering rewarding bonus features and hitting wins. Besides, you can use them to try the brand new slot releases out during the promotional period. Free spins slots can be your first step in online gaming, so don’t hesitate to claim them once you found a fair offer at a licensed casino.

Can You Find Free Spins with No Deposit and No Wagering?

Have you seen the Holy Grail lately? Or perhaps you have the “one ring to rule them all” on your table weighing down next week’s lotto numbers.

Are these impossibilities the equivalent of the slots player’s favourite El Dorado – the casino that offers free spins with no deposit and no wagering requirement?

The answer is probably yes.

So that means that you may find this pair being offered online. If you do you should count yourself very lucky and cash in.

However, if you’re hunting for this combination of deals then do so carefully. The cliché that, “if it looks too good to be true, it is” is worth bearing in mind, and this sort of offer is exactly the sort of bait scammers will use to cash in on naïve players.

You have to understand the purpose of casino bonus offers to understand why this wonderful combination is so rare.

A new membership offer must be attractive enough to bring in customers in a crowded and competitive market.

Free spins perfectly fit the bill.

But the offer must also persuade the player to remain at the casino site after he’s used up all his freebies.

Making a deposit means handing over your payment details and some personal information. Making more bets after your free spins are gone is easy and oh so tempting.

Wagering requirements demand that a player plays with a certain sum of their own money before they can access winnings won with free funds. They automatically tie the player to the site for a while.

There’s a lesson in all this. Always read the small print and don’t rely too heavily on an offer to decide where you will play. All of them serve the casino’s purposes. Make use of them when you can, but a good quality site with games you love will be a more sustainable choice.

Can we win real money from free spins no deposit?

The free spins no deposit offers are one of the most attractive casino bonuses. Slot lovers love no deposit bonuses because they get the chance to spin the reels of popular slots free of charge. The ‘no deposit’ part in the name of the bonus means you aren’t required to invest any money to enjoy the promotion, so it is safe to assume the free spins, in their no deposit format, are completely gratis.

This is quite true, in most cases. The free spin no deposit promo allows you to win money without having to deposit your personal funds. However, the free spins sometimes aren’t exactly free as they come with a set of specific wagering requirements the players must fulfil in order to unlock the free spins winnings.

So, how can you win real money by taking advantage of the free spins no deposit bonus? To convert the bonus money (the winnings from free spins) into real cash that you can play with or cash out, you need to complete what the casino imposes as a wagering requirement – you need to wager the amount you’ve won a certain number of times within a certain period of time and after that the cash will be credited to your regular balance, and you’ll clear your bonus balance.

Unless the casino imposes unreasonable wagering requirements, it shouldn’t be difficult to release the bonus funds obtained from free spins no deposit. Honestly, there are usually limits to how much a person can actually win from free spins no deposit, as these are given away for promotional purposes – they are designed to attract and give you a taste of the best slots, but they can rarely make you rich. The can be a great introduction, though, into online slots collections that can actually bring you quite a lot of cash.

100 Free Spins Casino Offers & 100 Free Spins No Deposit Bonuses

Playing slot machines online is a gratifying experience, but earning a bonus makes it even more magnificent. There isn’t a player in the world who doesn’t appreciate a 100 free spins no deposit bonus that allows him/her to take a celebrated slot on a free ride for a fair amount of spins. When it comes to casino bonuses, 100 free spins casino bonuses are one of the top prizes you can look forward to.

100 Free Spins Casino Offers in 2019:

Check below some of the best 100 free spins casino offers. Some of them could come as 100 free spins no deposit – if that’s the case – claim the bonus while it lasts.

Casino
Rating
All British Casino100% up to £100 + 100 Bonus Spins
T&C Apply

New customers only. Min deposit £20. Wagering requirements are 35x bonus. When playing with bonus funds max bet is £5. Welcome bonus excluded for deposits with skrill/neteller.

T&C Apply

New depositing players. Wagering requirements apply. See full terms.

T&C Apply

Min. deposit: 10£. Offer valid on first deposit. Offer only applies to new players. Wagering 35x.

Taking advantage of 100 Free Spins Casino Bonuses

Specific gambling sites, often those with a clear focus on slot machines, will offer a welcome bonus to new players and it will include free spins. Most often, the free spins come as a side dish to a match deposit bonus and you get the whole package when you sing up and finalise your first payment.

This is a great deal, but you can never know how much free spins you’ll get. Sometimes you can only get as much as 20 or 50 free spins at best. However, the more generous casino brands will offer 100 free spins as a welcome bonus and bring joy to all slot fans that are just finishing up their registration.

With 100 free spins, a player can achieve a lot. Here you are, with 100 free plays on terrific slots. Your balance will remain intact as you spin the reels and everything you earn – you get to keep, and use later at the casino. Now, the terms and conditions that are attached to the free spins can often differ from one casino to another.

At one venue, you can receive all the 100 free spins at once and get to spend them at one or two games within a limited period of time. Then, you’ll need to meet the wagering requirements for the winnings from free spins and convert the bonus funds into real money that you can withdraw. But sometimes, a casino will award you with smaller sets of spins during several days.

For example, the most common practice is to distribute 5 sets of 20 spins for 5 consecutive days. On occasions, you can use the spins on any slot games available at the casino lobby.

If not in form of a welcome bonus, you could also get 100 free spins on slots in form of a celebratory bonus when a new slot game arrives at the casino, or you could be assigned with a holiday bonus coupon to use when making a deposit to win your 100 free spins.

5 Ways to Win Money with Casino Free Spins

We all love gifts. And boy, online casino sites know this! Free Spins, bonus cash, free bets and more are showered on new gambling site members, with or without joining deposits.

How do you make the most of your free spins slots bonuses and turn clicks into cash?

1 – Pick Your Game

If you have the option – a lot of free spins are tied to a particular game – then do your research. Look for a good RTP percentage and read a couple of slot reviews before you start.

2 – Check the Casino Rules

You’d be surprised how many slots players complain after the fact BECAUSE THEY DIDN’T READ THE RULES! Don’t be that player. When you sign up with a casino you should do more than just tick the terms-and-conditions box. Read the deal so you don’t invalidate your free-spins winnings by breaking the rules.

3 – Know what a wagering requirement is!

Wins that can’t be cashed out are frustrating. But most casino gifts come with a “wagering requirement”: an amount of money you have to play to free up winnings from bonus cash or free spins, the price of your “free” gift. It’s usually expressed as a multiple: 30X means you must wager 30 times the money you receive as a bonus to withdraw cash won with it.

4 – Make a plan

If you see free spins on offer for one of your favourite games then snap them up. That way you can use your spins not as a one-off flutter but as the start of a longer session that you’ll enjoy more and maybe win more from.

5 – Be realistic

Gamblers are often superstitious. Unfortunately, game algorithms are not. Free spins slots bonuses have exactly the same chance of winning as any other spin in the same circumstances, so enjoy them responsibly.

Free Play Casino Bonuses

In the online gaming market, you can find various incentives to boost your casino bankroll. They can be designed to attract new players and keep existing ones. Online casinos can be quite inventive when it comes to bonus offers. This is how they can stand out from the crowd to entice more players. Free play casino bonuses are not a widely spread type of bonus.

Basically, this is a variation of a no deposit bonus but instead of free casino money, you get a period of time to play for free. If you have an hour or so to invest in casino games, this kind of bonus might be just right for you.

While claiming a no deposit free play casino bonus, players can take advantage of multiple opportunities to win. They can play a variety of casino games by placing free bets. One of the biggest advantages of this type of bonus is an opportunity to test the games.

Besides, you can win real money without risking your own. Read our guide to learn how free play casino bonuses work, how to claim them and how to cash out your winnings.

How do Free Play Casino Bonuses work?

Free play casino bonuses are given to new customers. Although they are similar to free casino money, they should not be mixed up with no deposit bonuses. To understand how a free play casino bonus works you should know that you will have a period of time to play casino games to your liking.

The casino adds a certain amount to your balance and you have between 30 minutes and 24 hours to wager it. The amount added to your account can be $500 or even more. If you increase your bankroll, the amount won over the casino money added to your account is considered winnings.

Some free play casinos allow players to reset the timer and start a new period again. By doing so, players will erase all their winnings gained during the previous session. Free play online casino bonuses, just like other incentives, come with certain requirements you need to meet to turn your winnings into real cash. We will discuss them in the last chapter of this guide.

How To Claim A Free Play Casino Bonus

First of all, you need to register a real money account. Sometimes you may be required to download and install the casino software.Go to the promotions section to start free play within 7 days. You don’t have to provide any coupon code as the free play casino bonus will be added to your account automatically.

The period during which you can use the free play casino bonus varies from casino to casino. Typically, you will have an hour to test your luck. In most cases, you will have to play the minimum bet regardless of the game you choose to play. Sometimes, the game selection available for free play can be limited to specific games. Enjoy free play slots or table games to win real money and keep your winnings up to a sum set by the casino.

How To Cash Out A Free Play Casino Bonus

The first thing you should know about cashing out winnings at free play casinos is that the amount you can keep is usually capped at $100 or so. Even if you have earned more while wagering the free play bonus, the rest will be deemed null.

Some casinos even require that you place from 20 to 100 bets during the given period. Once the free play is over, you will typically have seven days to withdraw your winnings. Go to the cashier to make your first real money deposit so that you can unlock your winnings.

Before you register with an online casino, you should pay close attention to the terms and conditions where all the requirements are listed and thoroughly explained. After all, even if you don’t manage to turn the free play casino bonus into real cash, you will enjoy the exciting gameplay without any risk of losing your own money.

Almost every online casino has some sort of welcome bonus to help try and persuade you to sign up and use their website rather than their competitors. With a little bit of thought and cleverness, we can take these new-player casino bonuses and convert them into withdrawable cash.

But before we delve into casino bonuses, let’s talk about sportsbook bonuses. Making money from them is known as matched betting and is pretty easy and may be where you started off?

But right now because of the COVID-19 coronavirus most sports aren’t running so there aren’t that many matched betting offers available. But to try and keep customers casinos are offering better bonuses than normal. Now is a great time to try some casino bonus bagging – especially as we all need to make some more money!

Contents

Unlike Matched Betting, Casino Bonus Bagging Isn’t Risk Free

Unlike matched betting, making money from casino bonuses is not risk-free. But that doesn’t mean that they can’t be profitable and worth doing.

We call this notion EV (expected value). By using maths we can work out how much money we will make on average from the bonus. So why is that not risk-free? Because of variance. Each time we make a slightly different amount, but over the long term it averages to the EV.

If you understand what I mean then feel free to skip straight to the how casino bonuses work section.

Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £17.99 a month service.

The Maths – How Casinos Make Money

Let’s say that we are playing a game of flip the coin, and because we’re fun people we’re also betting on it.

If we bet £1 a throw.

  • I win £1 and you lose £1 if the coin comes up heads.
  • You win £1 and I lose £1 if the coin comes up tails.

That is what we call a fair game.

There is risk – we could play 100 flips and I might lose money, or I might win money. But either way, it is just down to luck. Statistically, I am not more likely to win than to lose.

There is a 50% chance of me winning each throw, and a 50% chance of me losing each throw.

That is not what it is like in a casino. The casino has an edge.

Let’s change the rules slightly:

  • I win £1 and you lose £1 if the coin comes up heads.
  • You win £1.10 and I lose £1.10 if the coin comes up tails.

That is not a fair a game.

There is still risk – we could play 100 flips and I might make money. But I am more likely to lose.

On each coin toss I expect to lose 5p. We use this word “expect” a lot when it comes to making money from casino bonuses. It means the average in the long-term.

Here is a very simple tree showing you how we worked out that expected loss of 5p.

(0.5 x £1) + (0.5 x -£1.10) = -£0.05

That number becomes what is called the house edge. For every £1 we bet we expect to lose 5p.

If we play 1,000 flips, I will have bet £1,000 and expect to lose £50 (1,000 x 5p).

The More We Play The Closer To Expected We Get

Now we get a bit more complicated. The longer I play, the more likely I am to lose money.

I am not going to explain the maths here (email me if you want to know), but over 1 coin flip my chance of walking away with a profit is 50%. The coin can either come up heads or tails.

Over 100 coin flips my chance of making a profit has dropped to 31.7%, that’s almost a 1/3rd chance which still is quite high. I might decide that I’m feeling especially lucky and take that 1/3rd chance. But over 6,000 coin flips my chance of leaving with a profit drops only 1%.

That is how a casino makes money. If there are 60 people playing at your casino and each plays the coin flip game 100 times, then each person has a 31.7% chance of leaving with a profit. But as the casino is playing 6,000 total flips it only has a 1% chance of not making a profit overall. A pretty clever business model.

What Are The House Edges Of Different Casino Games?

Now you can’t actually play our coin flip game in a casino so let’s apply this concept to two real casino games.

Roulette. Is a very basic game which almost everyone understands.

There are 36 numbers not including the zero. Of those 36 – 18 are red and 18 are black. The number zero is not red or black. Each time the wheel spins there is an equal chance that the ball will land on any of the numbers 0 – 36.

If you bet on red and it comes up, you win your stake back. So a £1 bet would win £1.

There is an 18 out of 37 chance of a red colour coming up. That means that you have a 48.6% chance of winning, and a 51.4% chance of losing.

Let’s draw that same tree we did earlier but this time for roulette:

(0.486 x £1) + (0.514 x -£1) = -£0.028

For ever £1 bet we expect to lose 2.8p. That’s the house edge.

That’s pretty low. But roulette is not the casino game with the lowest house edge. That award goes to….

Blackjack. Forget card counting or anything you’ve seen in the films, your basic blackjack is the casino game with the smallest house edge.

There are many different rule sets for blackjack, and the house edge depends both on those rules and also on how close to perfect strategy the player is playing. But most games of blackjack have a house edge of about 0.5p per £1 bet (0.5%).

Let’s just think about that, 0.5%. That’s so low! It’s the equivalent of playing the coin flip game with the rules:

  • I win £1 and you lose £1 if the coin comes up heads.
  • You win £1.01 and I lose £1.01 if the coin comes up tails.

If we played 1,000 hands of blackjack at £1 a bet, we would have staked £1,000 and expect to lose just £5.

How Casino Bonuses Work

Thank you for sitting through all of that. Now that the basics are out the way let’s talk about the juicy stuff. How we can actually make some money from casino bonuses.

Just like with matched betting, most casinos offer new players an incentive to sign up and play at their casino.

Unfortunately, unlike with matched betting, there is no way we can hedge out our bets. But we can use this knowledge of the house edge to turn things in our favour. Provided the bonus is good, we can expect to make money.

Let’s take a look at one bonus that is currently offered by William Hill on their live casino.

To get the bonus, we need to deposit £25 and then place a series of bets that total at least £200. When we have reached that target and we contact customer service, a bonus of £25 will be added which we are then free to withdraw along with whatever is left of our initial deposit.

How We Make Money From Casino Bonuses

£200 sounds like a lot, but after what we’ve learnt about house edges and blackjack it shouldn’t sound so bad. Remember blackjack has a house edge of 0.5%.

Over £200 staked we expect to lose only £1. That means we expect to keep £24 of the bonus!

This is what we expect to happen.

  • We deposit £25 into William Hill Live casino.
  • We place 200 £1 bets. At the end, we have lost £1 and have £24 left.
  • A £25 bonus is added to our balance.
  • We withdraw our balance of £49 (£24+£25).
  • We have made a profit of £24.

But, there is risk.

There is a chance we will lose more than just £1. There is even a chance of us losing more money than the bonus is worth. If we use up all of that £25 we would need to deposit more in order to finish the staking.

We won’t go into the maths on variance. But understand this. Blackjack has a house edge of 0.5% and a standard deviation of 1.15.

That means that at a £1 bet size there is a 95% chance we will make somewhere between £7.75 and £40.25. But it also means there is a 7% chance of making a small loss.

That is the essence of making money from casino bonuses. You are simply moving the odds to your favour.

Websites like Oddsmonkey and Profit Accumulator (more on them later) have calculators for working out your variance and house edge from different casino games. They also have strategy calculators to help you play the games optimally.

Whew. So after all that explaining, the actual steps were very simple.

But we had to go into all that details because it will enable you to look at more advanced offers and take advantage of them as well. Every casino bonus has different terms and you need to be able to work out what strategy to follow to get the highest ‘expected profit’ or ev from the bonus.

Which brings us on to the hardest part of making money from casino bonuses.

Where To Find The Best Casino Bonuses

You can only do that William Hill Live casino offer once, so to continue making money you need to find some more offers.

And the unfortunate truth is for more casino bonuses it is not profitable to make money from them. You need to find the diamonds in the rough.

You can do this in exactly the same way as you would when sports matched betting. And in fact, if you have done matched betting before you will probably already know the following two choices:

  • Look through casino terms and conditions manually.

95% of people pay for a service. Compared to the EV you can make the services are cheap, they give you a curated list of offers to work through, and they point out any dangerous loopholes in the terms and conditions.

My two favourite paid for services for casino bonuses are:

  • Profit Accumulator. Free for your first few bonuses, then £19.99 a month.
  • Oddsmonkey. Free for your first few bonuses, £19.99 a month.

Nowadays they are both pretty similar with largely the same offers but different communities, website feel and customer service. They each have free accounts you can try out so I suggest signing up to both and then choosing which one you like the most.

Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £19.99 a month service.

There Are Lots Of Different Types Of Casino Bonuses

Wow what a beast of a post!

Let’s just finish on saying that there are lots of different types of casino bonuses and all have slightly different best ways to exploit them.

By now you should understand the concept of expectedvalue and therefore making money from casino bonuses. You have a guide to tackle your first bonus and you have plenty of resources to help you research and find new offers. Good luck!

USEFUL LINKS

  • More details on casino wagering requirements.
  • My summer betting diary where I made £250 a week throughout the summer holidays.

FAQ

What happens if I lose all of the £25 before completing the wagering requirement??

This is a very real risk and is also the reason why there is a chance of losing a small amount of money while completing the wagering requirement.

What you need to do is to deposit more money and finish the betting.

How To Make Money From Free Casino Bets 2020

I hear people talking about ‘sticky’ bonuses or doubling up. What does that mean?

You should really join a forum and start asking people there. You are getting into some quite complicated areas with the potential to lose some large amounts of money if you make a mistake.

But in short: A sticky bonus is one that you can never withdraw. You can only withdraw the winnings. This means that the tactics we spoke about earlier don’t work. Doubling up is a technique to make money from them. You basically bet the whole bonus on red on roulette. If the bet wins you withdraw the winnings. If you lose you’ve lost the bonus which you couldn’t withdraw anyway.

What are the house odds of some other casino games?

  • Baccarat – 1.06%
  • 3-card Poker – 2.01%
  • Craps – 0.34%
  • French Roulette (you get 50% of your stake back if it lands on 0) – 1.35%
  • American Roulette (two 0s) – 5.26%
  • Slots – 3-10%. Average is about 5%.

Can I card count online blackjack?

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No, you cannot. Card counting relies on the contents of the remaining cards changing as the rounds go on. In online blackjack the cards are shuffled every hand so the contents don’t change. You can do it with live blackjack – but I believe they shuffle regularly to make it more difficult. I have never tried.

I have a question that is not answered here?

How To Make Money From Free Casino Bets Youtube

Drop me an email at [email protected] and I will do my best to get back to you.

How To Make Money On Free Bets

Can you make money from casino bonuses while self-isolating or under quarantine?

How To Make Money From Free Casino Bets Online

Yes you can! It is actually a very good time to do it because you can do every step of the offer from your home.