📝 Post Summary
Using low-risk casino offers can really boost your matched betting profits, especially if you focus on those with positive expected value. While not risk-free, these strategies help tilt the odds in your favour over time, so it's essential to understand the specifics of each offer, like free spins and wagering requirements, to maximise your returns.
Low-risk casino offers are a great way to boost your matched betting profit margin when utilised correctly. They’re not always risk-free, but you can look for ones with positive expected value (EV). This means that you have the theoretical edge over the house, whereas the house normally has the advantage over you.
Even though you are not guaranteed a profit each time, sticking true to this strategy could potentially trigger returns in the long run. This is just one example of the matched betting casino offers out there, with a whole host of alternatives you could try out to minimise the loss potential if applied correctly.
Types Of Matched Betting Casino Offers
There is a whole plethora of different bookmakers and online casinos out there nowadays, and in turn, there are now more matched betting casino offers which you could potentially take advantage of than ever before. Each of these works in its own way, offering differing incentives; however, by understanding how each of these works and some strategies related to them, they may prove useful for your casino matched betting endeavours.
Online Casino Offers
Online slot machines are popular casino games often tied to promotions and matched-betting offers. These can take different forms, such as your typical free spins or a deposit-and-wager bonus.
Slot offers can vary significantly, so you must read each offer’s T&Cs to understand the requirements. For example, some online casino slot offers will use a customer’s cash before the bonus funds, and vice versa; therefore, taking notes of these things is important.
Similarly, it’s important to check the wagering requirements for individual slot offers. For example, if an offer has a 10x wagering requirement on any returns, this means that if you won, say £5, you would need to play through £50 in spins to convert this return into withdrawable funds. You can then play through spins on the slot and use any potential returns as you go along to spin those until either you complete £50 worth, and the rest is yours to keep as profit, or you ‘bust’. In this instance, you are done with the offer; don’t deposit more cash to complete a wagering requirement.
Here are some of the most popular online slots and casino offers that are available at most bookmakers:
- Free Spins – Players receive a set number of free spins on specific slot machine games, with players normally being awarded 5 or 10 free spins in a slot game.
- Bonus Funds – Some casinos will match your deposit with bonus credits, often up to a certain percentage and amount (e.g. 100% match up to £100). However, these funds come with strict wagering requirements, which are worth noting.
- Cash – Offers that reward the user with withdrawable cash, with no wagering requirements. These are not commonly seen throughout the market.
Here is an example from Paddy Power: players can be awarded free spins when they deposit £10.
If you are looking to use casino offers, you might be wondering which slots to bet on, which is why we will go through the importance of RTP and variance in slot games.
RTP And Variance
Matched betting casino offers on OddsMonkey often suggest using specific slots. This is because different slots have different RTP (Return To Player). For example, if a slot has an RTP of 96%, this is the % of the money used on play that is put aside to fund prize values from this slot. This means that the slot game is only programmed to hold onto 4% of the total funds paid into it, with the rest, in this case, being used to provide prizes at random. Whilst this edge does not guarantee a positive return, it is another step you can take when betting and is part of a value betting strategy that can benefit you.
Sometimes outcomes can vary significantly in the amount returned, but overall, in 96% slot games, the machine will remain 4% ahead. If a casino offer is listed as +EV, it means the offer covers the 4% edge and potentially more, which theoretically gives you the edge over the casino.
‘Swings’ in casino offers are called ‘variance’. A slot can have a 96% RTP, which is good, but it has high variance. This means that the mechanics may not trigger frequent prizes in play, but potentially trigger higher amounts if you manage to land a prize from play. On the contrary, a lower-variance slot pays out smaller amounts more often.
You can reduce the effects of variance on the slot and increase your chances of getting the expected RTP by playing ‘minimum stakes and maximum lines’. This way, you get more spins for your money and more chances to win your money back. OddsMonkey Premium members can learn more about this technique in our casino guides and on our casino matched betting blog.
In matched betting, for casino offers related to slots, we can calculate an expected value based on the slot’s RTP and wagering requirements. If the expected value is positive, then the offer is worth doing, as over time you could utilise the expected value in the exact same way the bookie does on slots, but you have to be willing to trust the maths and ride the variance. Sometimes you will lose money on slot offers, but over the long haul, you could come out on top if the expected value is in your favour. To ensure this, you could potentially use the expected value calculator, just one of the many betting odds calculators we have on site.
Is Casino Matched Betting Worth It?
To decide whether casino matched betting is worth it, users can think about whether or not the technique works in their personal situation. For example, bankroll management is incredibly important when placing these bets, and if you are betting with a limited bankroll, it might not be the best option for you. Here are some things to take into consideration when looking to place casino matched bets:
- What is the Expected Value of the offer?
- Do I have the available bankroll?
- Can I complete the requirements for the bet whilst complying with the terms and conditions?
If all these questions are taken into account, then you will be able to judge whether the casino offer is worth taking part in. Sometimes, it is worth stepping back and not using an offer if you do not see the value in it.
Bookmaker Restrictions And Slot Offers
Even if you are sports offer-restricted by a bookmaker, you will usually still be able to access slot offers. This is because many sites want to encourage people to play slots and other casino games as much as possible, as the mathematics and determining game mechanics are in their favour. For example, if playing a 95% RTP slot and we bet £10, the house would make 50p on average. Over the course of many players and spins of the reels, this could build up; it’s not so much a gamble for the house.
Matched betting casino offers, in combination with sports betting promotions, are a great way to potentially increase your profits by applying the matched betting strategy correctly. This is because sports promotions could help cover potential losses if you’re experiencing downswings in casino offers.
Start your OddsMonkey free trial today and upgrade your account to Premium to learn how to profit from matched betting casino offers.
Matched Betting Casino Offers FAQs
There are plenty of questions about matched betting casino offers, which we have answered right here.
How Much Can You Make From Casino Offers?
Given the number of offers available, it is impossible to say how much you can make with them, as there are hundreds of bookmakers offering hundreds of promotions. Each offer has an expected value, with some offering higher potential returns, but these are randomly determined, making it hard to say exactly how much one person would win compared to another. By working out the expected value of each offer, you can work out how much you are expected to be returned, but this is simply a prediction.
How Do I Calculate the Expected Value of Casino Offers?
To calculate the expected value of a casino offer, you need to determine the average amount of money you would expect to win or lose in the long run. There is a general formula for a casino offer that can be used, which is:
Expected Value = Bonus Amount – (Total Stake Amount X House Edge)
Where Do I Find Casino Offers?
If you are looking for a place to find casino offers, then you can go to any reputable bookmaker and look through their promotions section. The promotions section is typically found in the navigation bar, as it is in this Paddy Power example:
