How Can We Make Money From Casino Bonuses
£200 seems to be a lot, but we have learned about house edges and blackjack and know that it shouldn’t sound so bad. Keep it in mind that blackjack has a house edge of 0.5%.
More than £200 staked we expect to lose only £1, which means that we expect to keep £24 of the bonus! However, there is always a risk that we will lose more than just £1 or we will lose more money than the bonus is worth it. If we use up all £25, we would need to deposit more to finish the staking.
Although we won’t go into the maths on variance, it needs to make clear that blackjack has a house edge of 0.5% and a standard deviation of 1.15. At a £1 bet size, there is a 95% chance that we will make somewhere from £7.75 to £40.25. However, it also means there is a 7% chance of making a loss.
That is the importance of making money from casino bonuses. You are simply moving the odds to your favor.
Websites such as Oddsmonkey and Profit Accumulators have calculators for working out your variance and house edge from different games. They also have strategy calculators that can help you play the games optimally. So after all that explanation, the actual steps were very simple.
But we had to go into all those details since it will help you to be able to look at more advanced offers and take advantage of them, too. Every casino bonus has different terms and you must work out what strategy to get the highest ‘expected profit’ from the bonus.
Where Can We Find The Best Casino Bonuses
You can only do that William Hill Live casino offer once, so you need to find some more offers if you want to continue making money.
And the unlucky truth is for it is not profitable to make money from free bonus. That means you need to find the diamonds in the rough.
You can do this in the same way as you do when sports matched betting. If you have done matched betting, you will probably already know the following two choices:
- Manually look through casino terms and conditions.
- Pay for a matched betting or casino bonus service that finds offers for you.