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In order to calculate the EV of casino offers which require you to bet with your own money in order to receive a bonus, it is helpful to break it down into two parts.
There are two simple formulas to calculate the above. Low risk offers generally consist of wagering a certain amount in order to receive a bonus with low wagering or a number of free spins.
We need to know the following to calculate the EV:. Different casino games have a different house edge. For example, blackjack has around a 0.
The house edge of a slot depends on which one you are playing. First, we need to calculate how much it will cost us to qualify for the bonus.
In this example we get:. We know that no wagering on winnings is required so our bonus wagering is the value of the free spins.
The more casino offers you do, the more profit you can expect to make on average and so you should be able to build up a good-sized bank over time to cover any losing streaks.
That said, if the expected value of the offers are positive, you will end up in profit over time and so it is a case of trusting the EV and having a big enough bankroll to see out the losing streaks.
Often, one big win can put you back in profit. The standard EV formula is inaccurate when applied to high-risk casino offers or offers with wagering above x1.
This is because the formula assumes that you will complete the wagering every time you play the offer. However, when there is a chance of busting out before completing the wagering, in order to calculate a near-accurate EV, you must simulate playing the offer many times.
This would be close to impossible to do manually and so a casino calculator is needed to perform thousands of simulations. ProfitSquad provides a casino calculator to do this which helps members calculate the EV of any casino offer based on a number of variables such as wagering requirements, bonus type, game RTP, stake size and more.
ProfitSquad are experts in casino strategy and provide advanced tools to help you accurately calculate EV. By doing so you can be sure that you are only playing offers where you have the advantage, allowing you to maximise your profits when playing casino offers.
Casino offers can be extremely profitable. No-risk and low-risk casino offers are something all matched bettors should consider as they can add an additional income stream to your profits.
Remember that you can lose money with casino offers whether they are low-risk or high-risk. The main factor to consider when choosing offers to play is whether or not they have a positive expected value.
If they do and you have a large enough bank to see you through the losing streaks, then it may be something you should consider as ultimately, you will end up in profit if you complete enough offers.
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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. Some casino offers will actually show you how much you have wagered in a visual form.
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.
If at all possible play the slots on autoplay and mute the sound. 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.
Open a new email address just for Casino offers. 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.
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.
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.
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.
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. 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 need to check it every so often.
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.
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.
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.
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.
Firstly being gubbed from using a casino is much rarer than being gubbed from placing sports bets.
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. 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. 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, 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.
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. 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. Some of the reports also include other easy ways to make money on a monthly basis.
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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This means we may receive a commission if you click the link and go on to register or make a purchase at no cost to yourself. This enables me to dedicate more time to the blog, hopefully in the interests of all visitors.
All views remain honest and my own. This blog post takes a look at how you can profit from these types of online casino bonuses.
Casino Offer Sign-ups These can be found in their own category within the Profit Accumulator Offers section of the site.
Profit Accumulator Reloads Reload offers are offers that entice existing customers to continue playing even after they have signed up.
What Is Wagering? Wagering is the number of times you have to play through the money or bonus funds.
The higher the Expected Value the more you might expect to win. What is RTP? The lower the RTP, the more profit the casino is making from the player.
Along with risk-free casino offers, these make up the bulk of the offers I undertake. High-Risk Casino Offers Profit Accumulator does not advertise these offers, they are high-risk and best to be avoided.
Once you get used to all 3 casino games, they are really easy to play. How to Play the Casino offers Different people have different ways of playing offers.
Minimum Stakes Maximum Lines Profit Accumulator recommends minimum stakes and maximum lines as the way to play the casino slot offers.
Does it have autoplay? Of Spins Or Hands Played Some casino offers will actually show you how much you have wagered in a visual form.
If you overspin you risk losing value from the offer. Casino Offer Tips If at all possible play the slots on autoplay and mute the sound.
This is more relevant to slot games that involve a lot of wagering. 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. 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.
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.
If its free spins that take less than a couple of minutes then I very well might. What are loopholes? Before you start spinning on slots always make sure the stakes are set to minimum.
Should you, therefore, mug bet casino offers? Here are some recent earnings, bearing in mind these offers take very little time. Conclusion The risk-free casino offers and low-risk casino offers are potentially worthwhile ways to make extra money on a monthly basis.
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