Low-risk casino offers are a great way to boost your matched betting profits. They’re not always risk-free but look for ones with +EV (positive expected value). This means that you have the edge and the odds are in your favour. Even if you are not guaranteed a profit each time, keep going with an offer and you should find yourself in profit in the long term. In this post, we’ll look at matched betting casino offers and how to make a profit.
Matched betting casino offers
Slot offers and how they work
Online slot machines are a popular form of casino games and bring numerous slot offers. These slot offers can take different forms, such as free spins, or a deposit and wager.
Slot offers can vary significantly, so it is absolutely crucial that you read the T&Cs of individual offers. For example, some online casino slot offers will use a customer’s cash before the bonus funds and vice-versa.
Similarly, it’s important to check the wagering requirements for individual slot offers. For example, if an offer has a 10x wagering on winnings, this means that if you won, say £5, you would then need to play through £50 on spins to convert winnings to cash. You can do spins on the slot and use any winnings 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. It’s time to stop with this offer. Don’t add cash to complete a wagering requirement.
RTP and variance
Casino offers on OddsMonkey will often suggest the use of specific slots. This is because different slots have a different RTP (Return To Player). For example, if a slot has an RTP of 96%, this is the % on average that is expected to be paid back to the player if the game is played infinitely. So if you played X amount on a slot infinitely, you would expect to get 96% of that back over time as winnings, giving the casino a 4% edge.
Sometimes, you’ll be way up and other times, you’ll be way down but overall lose 4% of your stake. If a casino offer is listed as a +EV, this means that the offer covers this 4% edge and more. This gives the edge to you instead of the casino.
‘Swings’ in casino offers are called ‘variance’. A slot can have a 96% RTP, which is good but have high variance. This means that you may not collect winnings regularly on the slot but win higher amounts when you hit a win.
A low variance slot is one that pays out lower amounts and more often.
You can reduce the variance on the slot and increase your chances of getting the expected RTP by doing ‘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.
On slot offers, we can work out an expected value for the offer based on the slot RTP and the wagering requirements. If the expected value is positive then the offer is worth doing as over time you should make money 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 should make money.
Bookmaker restrictions and slot offers
Even if you are sports offer-restricted by a bookmaker, you will usually still be able to do slot offers. This is because they want to encourage people to play slots and other casino games as much as possible. That is because the maths is in their favour. If on a 95% slot we bet £10 they are going to make 50p on average. Over millions of spins and thousands of players, this adds up to a small fortune. It’s not a gamble for them.
Casino offers, in combination with sports offers, are a great way to increase your matched betting profits. . The sports offers can help cover when you’re having downswings on the casino offers.
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