Why You Should Do Casino Offers
Casino offers are plentiful, very straightforward to do and potentially highly rewarding too. There could be a number of reasons you haven't yet dabbled in casino offers. They might be out of your comfort zone, you might be worried about the risk aspect, or you simply don't know where to start with them.
But the truth is, if you're not doing best casino offers, you're missing out on some quick and easy profits. Before we dive into why you should be doing casino offers, let's take a quick rundown of how casino offers work and give you all the information you need to make the most out of them.
How Casino Offers Work
Casino promotions work in precisely the same manner as sports betting promotions do with Matched Betting. It's a case of finding the promotions, completing the calculations to make sure they are profitable, and knowing how to complete them.
The good news for Outplayed members is that all this is completed for you.
The three reasons why people are wary of casino offers are House Edge, Variance and Wagering. They definitely do need to be factored into the strategy of casino offers, but needn't be feared.
Like sports offers, placing casino offers is a case of turning the edge in your favour.
This is done by looking for offers with Positive Expected Value. Let's take a look at these factors more closely to understand how casino offers work.
House Edge
House Edge is the mathematical advantage that casinos have in all games so they can stay in business. It is also called RTP, which means Return to Player.
There is a statistical advantage to each casino game so that over a large number of plays, over a long enough time interval, the casino will win, given normal play.
- If we take an example of single-zero roulette, a bet on a single colour has a 2.70% House Edge.
- What this would imply is that if you were to put a bet of £1 on red, 100 times, with a total stake of £100, you will get a return of about £97.30, a loss of £2.70.
- Yet, there are some people who think House Edge means they can't win at all, and that's just not the case.
- All House Edge does is make sure casinos can afford to pay out large wins when they do happen and stay in business.
Positive Expected Value (+EV)
In Matched Betting, all offers, both casino and sports, are assessed for their expected value to the bettor. Ultimately, if an offer has a positive expected value (+EV) to you, then it is worth doing.
If we take the example from above of roulette, but with a casino offer, then we can work out how the expected value is calculated.
Assume 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 casino offers and sports offers is that there's more variance in casino play. With sports offers, the odds are such that you can be more precise, particularly when you're looking at your qualifying loss.
Although House Edge/RTP does give us a guideline of how much we can anticipate returning from casino playing, it is not a precise science.
If we look at our example of roulette again, for every £100 wagered, on average we would expect to lose £2.70 because of the House Edge. However, because casino games are not exact, some players will lose more than this, while other players will realize profit.
These shorter sessions of casino play have much more variance, so every player's play experience will differ and their qualifying loss will be different. But in a +EV casino offer, it will always be within a finite range and you will always be informed of the risks.
The good thing about casino offers is that some 'qualifying losses' can actually turn out to be big profits thanks to this variance.
Wagering
Wagering is how many times money needs to be played through at a casino before it is released or can be cashed out.
For example, you may get a casino offer that gives you a £30 bonus but has 30 times wagering (30x). That would mean that a total of £900 needs to be played on casino games before the £30 bonus is released. To new casino players, this may be scary. But wagering does not have to be a negative aspect, it can even contribute to your winnings in some cases.
A casino bonus with wagering also has a wagering strategy at Outplayed.
Without revealing too much information, the strategy can range from playing specific games, with specific stakes or knowing exactly when to withdraw funds to minimize losses.
How Much Can You Earn From Casino Offers?
It is a difficult question to answer since it differs per player.
It will also come down to bankroll size and the number of offers you complete.
It's more than worth taking the time to build up your bankroll and get some experience under your belt before rushing into medium and high risk offers, take it slow and build up.
You can claim over £1400 in value from casino welcome promotions found on Outplayed and an extra £300 - £1000+ per month from casino reload promotions.