Casino offers are plentiful, very simple to do and can be highly profitable too. There could be a number of reasons you haven’t yet tried casino offers. They might be out of your comfort zone, you may be worried about the risks, or you simply don’t know where to start with them. But the fact is, if you’re not doing casino offers, you’re missing out on some quick and easy profits. Before we explore why you need to do casino offers, let’s take a quick look at how best casino offers work and give you all the information you need to make the most of them.
How Casino Offers Work
Casino offers work much the same as sports betting offers when it comes to Matched Betting. It’s just a case of finding the offers, applying the mathematics to make sure it’s profitable, and knowing how to complete them.
The good news for Outplayed members is that all of this is done for you.
Three key elements that make some people wary of casino offers are House Edge, Variance and Wagering. It’s true that they do need to be factored into the strategy of casino offers, but they shouldn’t be feared.
House Edge
House Edge refers to the mathematical advantage that casinos have in all games that keeps them in business. It is also known as RTP, which is Return to Player.
Every casino game has some sort of statistical advantage which means that over a large range of plays, over a long period of time, given normal play, the casino will come out on top.
If we take an example from single-zero roulette, betting on one colour has a House Edge of 2.70%. This means that if you bet £1 on red, 100 times, for a total stake of £100, you will get a return of around £97.30, which is a loss of £2.70.
However, some people think House Edge means they can’t win at all, and that simply isn’t the case. In fact, what House Edge does is guarantee that casinos can pay out large wins when they happen and still stay open.
Positive Expected Value (+EV)
In Matched Betting, all offers, whether sports or casino, are assessed for their potential value to the bettor. Ultimately, if an offer has a positive expected value (+EV) for you, then it is worth doing.
If we relook at the roulette example above, but factor in a casino offer, then we can see how the expected value is worked out.
Say a casino is offering a £20 casino bonus, and to turn the bonus into cash it must be wagered 5 times (£100).
Variance
The difference between sports offers and casino offers is that casino play has more variance. With sports offers, the odds are set so you can be more precise, particularly when looking at your qualifying loss.
Although House Edge/RTP does give us a guideline on how much we can expect to get back from casino play, it's not an exact science.
If we, once again, look at our roulette example, for every £100 staked, on average we would expect to lose £2.70 because of the House Edge. However, because casino games aren’t exact, some players will lose more than this, while other players will actually make profit.
Wagering
Wagering refers to how many times money needs to be played through in a casino before it can be released or withdrawn.
For example, you may get a casino offer that gives a £30 bonus, but it must be wagered 30 times (30x). This means that a total of £900 would need to be played on casino games before the £30 bonus is released.
For non-experienced casino players, this can be daunting. However, wagering doesn’t have to be a negative thing, it can actually increase your profits in some circumstances.
A casino offer that requires wagering also comes with a wagering strategy at Outplayed.
Why Do Casino Offers?
So now we’ve looked at how casino offers work, let's look at why you need to do casino offers to maximise your Matched Betting profits.
Potential Profits
There is no doubt about it: casino offers can be extremely profitable.
The reason casinos appeal to so many people is because games, particularly slots, can deliver outstanding wins. Of course, normal casino play comes with high risks too.
However, casino offers are profitable because they allow for the opportunity of big wins, while also minimising the risks. It’s much more strategic.
In sports offers, you minimise risks using odds, boosts and lay bets. In casino offers, you use game choice, RTP/House Edge, slot variance and stake sizes, but the principle is the same in both.
The advantage that casino offers have over many sports offers, is that the potential profit can be much higher.
Simplicity
Casino offers are generally very simple to do. It’s often a case of making a deposit and either spinning a set number of spins or staking a set amount of money. They are therefore accessible to all.
Unlike sports offers, there are no odds to match and certainly no intricate offers such as bet builders to get your head around.
Quantity
There are an abundance of casino offers available every day. They come from both bookmakers who have casino areas and the huge range of online casinos too.
Almost all casinos have a sign-up bonus, and they have a range of daily offers too including free spins, challenges, bonus boxes, and wheel spins.
The quantity and quality of sports offers can fluctuate around the sporting season, but casino offers tend to be steadily available all year round. Sports bettors often start casino offers during the summer while the football season is closed for this reason.
Account Health
One of the issues that most Matched Bettors fear is the dreaded ‘gubbing’. If bookmakers perceive you as a strategic sports bettor who only interacts with them when they have a bonus offer or the best odds, then unfortunately you can flag up on their radar.
This can lead to having bonus offer reductions, stake restrictions or even account closure.
Daily Games
Most casinos usually have some sort of daily free game, wheel spin or reveal feature. It is therefore worthwhile joining a casino, taking up the sign-up offer (if it has +EV), and then you can take advantage of the free daily games.
It is true that many of the free games return little or no wins. However, they are completely risk-free, don’t take long to do, and have been known to give some surprising returns. You only have to look at the many Outplayed members posts on social media reminding everyone ‘do your free spins’ with an image of a decent win.
Tools and Guidance
If you’re unsure how to do casino offers then worry not. If you’re an Outplayed member, then you will be provided with step-by-step instructions for each offer, exactly the same as sports offers.
Plus, you also have access to additional casino tools such as the blackjack calculator that is interactive and can tell you the exact move to make on each deal to maximise your returns. This is on top of the forum and the other support channels on offer at Outplayed which can guide you through the offers.
Controlled Risk Levels
Much like sports offers, casino offers come with different levels of risk and you can choose which ones to do that suit your situation.
Casino offers are split into four categories as below:
Risk-Free
These are offers that come with zero risk, so it is not possible to lose money on these. This can be offers such as free spins with no wagering or offers that use bonus funds first, so you can stop playing before staking any of your own money.
Risk-free offers will usually have a low EV, but can still provide profits.
Low-Risk
Low risk casino offers, for many, are the perfect balance between providing low controlled losses but with huge profit potential. Generally, the biggest loss you will have will be under £10.
An example of a low-risk offer might include ‘Wager £10 for 50 Free Spins’.
In this scenario, the most you can lose is £10, however this can be minimised further by selecting a high RTP game and betting low stakes. Losses, therefore, are more likely to be under £10, you then have 50 free spins to make as much profit as possible.
Medium-Risk
As you would expect, these are casino offers that do come with a slightly higher risk, but also increased potential rewards.
Generally, the biggest risk will be around £10 - £30, but again this will be minimised using the various Matched Betting casino offer strategies.
You should only try medium-risk offers after you have completed the low-risk offers and have the bankroll to be able to whether the variance.
High-Risk
High-risk casino offers should only be attempted by the most experienced Matched Bettors who have a significant bankroll. The variance of casino offers means that you WILL have downswings, so you have to have both the bankroll and the confidence to be able to handle the losses and trust the overall EV.