My matched betting profits doubled when I started casino offers.
Back in 2019 (when I was a matched betting newbie), I thought they seemed risky and complicated.
But my first few casino offers were an eye-opener: easy, profitable, and kinda fun!
Ready to unlock a whole new level of profit from matched betting?
We’ll cover why casino offers are awesome, how they work, and walk through a real casino offer together.
Why Casino Offers are Awesome.
Casino offers are how I doubled my matched betting profits, without much time or effort.
If you’re not doing them, you’re leaving A LOT of money on the table.
There’s currently £1197.46 worth of casino-specific sign up offers, and hundreds of casino reload offers to complete each month (with detailed guides posted on Outplayed).
You won’t profit from every offer (because of variance), but the £1000+ per month of EV means you can expect to make between £300 and £1000+ per month extra.
You might even get the occasional massive win. Like this insane win I had on £1 stake:
And this (20p stake):
And this (20p stake):
But how much you can make depends on your bankroll, what offers you are eligible for, and how much time you have.
Casino offers are even easier than sports offers.
Just follow the guides and user-friendly tools on Outplayed:
The irony of casino offers is they also keep your accounts healthy because your betting patterns look more like a regular punter, whilst growing your matched betting profits.
Is Matched Betting Casino Gambling?
Gamblers don’t win (not long-term, anyways).
Doing matched betting casino offers (like matched betting itself) is not gambling.
Rather than just spinning slots like a mug, we use strategy and simple maths to identify the offers where the reward makes the wagering worthwhile.
Whilst gamblers lose a lot of money, doing matched betting casino offers (that are +EV) means you will profit long-term.
By sticking to the guides on Outplayed, and using their tools (like the EV calculator and simulator) – you will realise it’s strategy and not gambling.
So, if it’s not gambling, how do these casino offers work?
What are Casino Offers, and How Do They Work?
Casino offers are promotions that gambling companies use to attract new customers, and keep them playing.
We use tools and strategies to exploit these casino promotions (free spins, bonuses and cash) for profit.
Usually, you have to wager (play a set amount, like £10) on a casino game to get a reward.
These come in a few different forms:
Free spins – Let you spin on slots for free.
Bonus funds – Free ‘credits’ used to play casino games. These have wagering requirements attached. For example, you might receive a £1 bonus that has a 2x wagering requirement, meaning you need to play through the bonus twice (£2) before you can keep the winnings.
Cash – Rewards paid as withdrawable cash (with no wagering requirement).
Free Bets – A free bet to use on sports, which you can back and lay for profit.
Always check the terms for each promotion.
Sometimes free spin winnings also carry a wagering requirement, the wagering (and rewards) might be on a specific slot, or max winnings with a bonus.
Matched betting on sports offers involve placing a back and lay bet on a sporting event to unlock free bets, which we can use to make a risk-free profit.
(New to matched betting? Start here).
For casino offers, we exploit promotions that have a positive expected value (EV). This means we find offers where the value of the reward makes the wagering worthwhile.
Unlike sports matched betting, casino offers are usually NOT risk-free.
But, over the long-term, we can expect to profit.
The process of exploiting casino offers is pretty simple:
- We use Outplayed to find an offer, and follow their step-by-step guide.
- We deposit and wager on a high return-to-player (RTP) slot (or table game like Blackjack if eligible), to get a reward.
- Then, we claim the reward and calculate our profit and loss.
Profiting from casino offers is not about luck, it’s about following a clear strategy for maximising our profit from offers that are positive expected value (+EV).
Let’s run through the key stuff you need to know.
Different Types of Casino Offers.
Casino offers can be categorised by risk:
Risk-free – Free rewards you can claim without wagering.
Low-risk – Simple offers where you are wagering under £20 to unlock a reward, which you have a high likelihood of profiting from.
Medium-risk – Usually between £20 – £50 deposit and wager required. Higher profit potential, but also chance of losing up to £50 on wagering.
High-risk – Offers with a high chance of losing your deposit, either due to high wagering requirements and/or more complex terms.
If you’re a beginner, I’d stick with risk-free and low-risk offers for now.
The House Edge (and RTP).
Casinos make money because the games are rigged in their favour.
Think of a roulette wheel, for example. The wheel has numbered slots (1-36) where a ball can land, and another slot – ‘0’.
If you bet on red or black you’d expect to win about half of the time (and you would be paid out double your stake).
However, the ‘0’ tips the odds in the houses’ favour because if the ball lands on that section, everyone who bet on red or black loses.
This means that, on average, the house is more likely to win than we are.
The return-to-player of roulette is around 98%, so on average, if you wagered £10 you would get £9.80 back. Slots are lower, typically 94-96% RTP.
Casino offers tip the edge in our favour because the casino gives us a reward that makes the wagering worthwhile.
An example offer could be ‘Wager £10 on roulette and get a £5 bonus with 1x wagering.’
We can expect, on average, to lose 20p (a ‘qualifying loss’ – just like sports offers) during wagering, but then we receive £5 free to play with.
Because the RTP of roulette is 98%, we can expect to get back roughly £4.90 after wagering the bonus – leaving us with £4.70 profit.
Variance.
When we do sports offers, the calculator tells us ahead of time exactly how much we will profit. With casino offers, there’s variance.
Variance is the difference between the expected Return-to-Player (RTP), and the result that you will get from wagering.
For example, you could theoretically wager £10 on roulette and win every single spin (leaving you with a £10 qualifying profit) or lose your whole £10.
This means that you can lose money on casino offers – they aren’t risk-free in the same way as sports. You should expect to lose on some offers, even if they are +EV.
Variance is increased the higher the bet size.
For example, wagering £10 on slots and staking £1 per spin increases your likelihood of winning big or losing the whole £10, when compared to 10p per spin.
Another way to reduce variance is to focus on risk-free and low-risk offers, as they give you a better risk-reward ratio.
Variance is just part of the process, and can work in your favour too (like the monster wins I had above!).
Calculating Expected Value (EV)
Want to know if a casino offer is worth your time? You’ll need to calculate the EV.
Outplayed usually tells us the EV in their offer guides, but sometimes you will get exclusive promos emailed to you – so it’s good to know how to work it out yourself.
We can do this using Outplayed’s EV calculator.
To figure out the EV, we need to input:
- The wager amount (e.g. £10),
- Game RTP,
- Bonus (reward) type,
- Value (e.g. 10 free spins worth 10p per spin),
- The RTP of the game used for the reward, and
- The bonus wagering requirements.
The calculator takes how much we can expect to lose from wagering and make from the reward, with the difference being the expected value (EV) of the offer.
For example:
If the calculator gives you a -EV, you should avoid it as you’ll likely lose money.
By focusing on offers with a positive expected value (+EV), we can expect to profit long-term.
Completing A Casino Offer (Step-by-Step).
Let’s do a real low-risk casino offer together so you can see how easy it is.
Finding +EV Offers:
I use Outplayed to easily find current casino offers (using their ‘casino sign-ups’ and ‘reload offers’ section).
(It’s also a good idea to check your emails and accounts, too).
Their offer guides go through, step-by-step, exactly how to complete the offer to maximise its profit potential.
Here’s a decent offer with Betfred – an account we already have from their sports offer.
Outplayed shows us all the key information, including the offer terms, the EV, and step-by-step instructions on what we need to do.
We have to wager £30 on eligible games to receive 20 free spins (credited the next day), and the EV is £3.01.
The guide also warns that some people might only receive 10 free spins, which lowers the EV to £1.09, and that a few pence of the EV comes from the extra free spins we receive for opting in to Betfred’s ‘free spins accumulator offer’.
Remember: EV is how much we can expect to make on average using the RTP of the games we are wagering on, the amount we have to wager and the reward we receive. There is still a chance we could lose money on this offer.
Next, we click the ‘visit’ offer button to go to the offer page.
It’s important to check you can see the offer on your account and can ‘opt-in’, otherwise you might not be eligible.
Deposit:
Once you have found the offer and opted-in, it’s time to deposit.
I already have £2.79 in the account, so I’m depositing £20 (I may need to deposit more, as I need to wager £30).
This means my starting balance is £22.79.
It’s best to use a debit card when depositing, as bookies tend to make you ineligible for an offer if you deposit via an e-wallet.
Complete Wagering.
Think about this stage as our “qualifying bet” – we have to bet £30 on a game to unlock the reward.
For this offer, Outplayed’s guide recommends using Kingfisher Rising or Kingfisher of the Sands. Both of them have a similar RTP (around 96%).
I’ve loaded up ‘Kingfisher of the Sands’ for this example, and set my stake size to the lowest (20p, in this case) to lower the variance.
Because we need to wager £30 to unlock our reward, we need to do 150 x 20p spins.
The easiest way to keep track of this (and save your wrist) is to use an auto clicker tool.
I use this one, created by Ollie – one of the admins over at Outplayed.
Then we just start the autoclicker until the 150 spins have completed.
If you are lucky and get a bonus feature during the wagering, you can stop the autoclicker and continue it after the feature ends.
After wagering, our balance is £34.01.
Because the free spins are credited the next day for this offer (rather than automatically), I checked the transaction history to ensure I had definitely wagered £30.
An easy way to do this is hold ‘ctrl + f’ and then search for the stake size (so -£0.20p, in this case) and see if there are 150 results.
Our starting balance was £22.79 and it is £34.01 after wagering, meaning we have profited from this offer already, before the free spins.
However, this isn’t always the case. Usually (like with sports offers) the value comes from the reward we receive for wagering.
Remember, sometimes you lose money on casino offers because we expect to lose on the wagering (on average, due to the RTP being under 100% on all games) and there is no guarantee we will make anything from the reward.
Claim Reward.
This is the fun (and risk-free) part!
Because I wagered £30, at 5.30pm the next day I received a pop-up rewarding me with 20 free spins on Kingfisher of the Sands.
Sometimes, for various reasons, the reward might not be credited. You may need to contact the casino’s support team.
Once I played through the 20 free spins, I made an extra £1.
Work out Your Profit.
Working out the profit from a casino offer is easy:
Balance After Offer – Starting Balance
I’m s**t at maths, but even I can do that.
Our starting balance for this offer was £22.79 (£2.79 that I already had in the account, plus a £20 deposit), and our ending balance was:
£35.01 – £22.79 = £12.22 profit.
If you want, you can then withdraw your winnings and track your profit / loss using a spreadsheet (which you can get for free on Outplayed’s forum).
How to Start Matched Betting Casino.
Ready to potentially double your matched betting profits with casino offers?
Before you get started, heed these lessons I’ve learned:
- Strategy over gambling: Matched betting casino is not gambling! Stick to the guides and understand that EV is a long-game. Don’t impulsively chase losses during wagering, and don’t be drawn in by bonus features! Use an autoclicker tool to prevent over-wagering.
- Embrace variance; focus long-term: You won’t profit from every offer, but by consistently doing +EV offers, they will be profitable for you long-term. The times you get destroyed during wagering will be made up for by big wins.
- Choose your offers wisely: Make sure you stick to offers that you’re comfortable with. Is your bankroll big enough to risk £50+ on wagering? If not, stick to low/medium-risk offers. You don’t have to do every offer!
The easiest way to get started with casino offers is by doing the risk-free and low-risk offers on accounts you already have.
This is some of the easiest profit you’ll make, and you might not even need to deposit if you already have funds in your account.
But trying to master casino offers by yourself is tough.
That’s why I recommend Outplayed. Their Diamond Membership is the all-in-one solution specifically designed for mastering casino offers alongside sports betting. It gives you everything you need:
- £1200+ EV Welcome Offer List: A huge list of sign-up offers to build your bankroll quickly.
- Curated Offer Guides: Step-by-step instructions for hundreds of sports and casino offers, removing the guesswork.
- Daily Casino Offer Calendar: Fresh reload offers updated daily to keep the profits rolling in.
- Essential Tools: Including a powerful Casino Offer Simulator to assess risk vs. reward and an extensive RTP (Return to Player) Database to make informed game choices.
I doubled my profits with casino offers using Outplayed, and you can too!
Not sure if Outplayed is right for you? Check out my in-depth review here.
