Why You Need To Do Casino Offers

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 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.

Just as with sports offers, completing casino offers is about turning the edge in your favour. This is done by finding offers with Positive Expected Value. Let’s take a look at these factors in more detail to understand how casino offers work.

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.

Because casino offers are about playing casino games strategically rather than randomly, we don’t have to worry about house edge too much. It is all factored into the equation and helps to assess the expected value of each offer.

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).

Using the example above, if you then bet £1 on red, 100 times, for a total stake of £100, the house edge would mean we would lose £2.70. However, we’d have also turned our £20 bonus into cash so overall we are £17.30 in profit (£20 bonus minus £2.70).

In this scenario, wagering the casino bonus is the same as a qualifying loss in a sports offer. You make your profit from limiting the qualifying loss and capitalising on the bonus.

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.

Shorter bursts of casino play have much more variance, therefore, every player will have a different playing experience and their qualifying loss will differ. But in a +EV casino offer, it will always be within a controlled range, and you will always be notified of the risks.

The good news with casino offers is that some ‘qualifying losses’ can actually turn out to be big profits because of this variance.

If you take each casino offer individually, then you will get a mix of profitable, neutral and non-profitable offers. And you need to have the bankroll to cover this variance.

However, the important thing to remember about casino offers is that although there may be variance in the results, if you stick to offers that are +EV, and do enough of them, the overall outcome will be positive.

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.

Without going into too much detail, the strategy can involve playing specific games, using specific stakes or knowing exactly when to withdraw funds to minimise losses.

Wagering in casino offers is never a case of just ploughing money into a casino. It’s mathematically analysed to offer the most advantage to you, the player.

Also remember that in some cases you can actually hit further wins while you’re wagering bonus funds. This has happened to me several times which has increased my profits considerably.

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.

In sports Matched Betting, with a ‘Bet £10 Get £10’ offer or a £10 horse refund, the profit you can achieve is capped. You can expect a max of around £8/£9 profit.

However, in a casino offer, any spin of a slot game can trigger a feature, or hit a bonus round, and therefore it is possible to get huge wins while also playing strategically.

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.

However, taking part in casino offers can help to make you look like a mug punter instead of a value bettor. If you play a variety of offers, from different sections of a bookie site, then you will be more valuable to them as a customer.

There is no guarantee that you will avoid gubbing, of course, but it’s certainly one of the tactics that could throw bookies off the scent.

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.

If you are going to do any casino offers, I suggest you do low-risk offers first. I would be surprised if you didn’t end up with a good sized profit from completing all of the low-risk offers on Outplayed.

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.

You can use Outplayed's offer filters to find offers you prefer to do depending on your own tolerance to risk.

Are Casinos Offers Gambling?

Absolutely not. Casino gambling is non-strategic and uncontrolled, and the odds are in favour of the casino. Casino offers are Matched Betting, which involves statistical analysis and detailed strategy to turn the odds in your favour.

In effect, there is no difference between sports offers and casino offers in Matched Betting. They both work on the same principles of using bonuses and strategy to minimise losses and maximise profits.

The only difference is the variance of casino offers, however, if you trust the process of how expected value works and accept it is a long term strategy, then you'll come out on top overall.

Casino Offer Mindset

Casino offers require a certain mindset in order to complete successfully.

You will undoubtedly experience downswings when doing casino offers. It's mathematically certain. Therefore, you have to get in the mindset of expecting this and moving straight on to the next offer.

The trick is to not focus on each individual casino offer as a separate entity. If you trust the process and the overall +EV and continue to do enough casino offers, the numbers will show an overall profit.

Some of the more experienced Matched Bettors keep a separate casino bankroll that they use for casino offers only. That way, when they experience some poor variance, it doesn’t affect their other funds.

How Much Can You Make From Casino Offers?

This is a difficult question to answer as it is different for each player.

It will largely depend on the size of your bankroll and the amount of offers you complete.

It's well worth taking time to build your bankroll and experience before jumping into medium and high risk offers, start slow and built up.

You can take over £1400 worth of value from casino welcome offers listed on Outplayed and a further £300 - £1000+ a month from casino reload offers.