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Can You Make Money With Casino Bonuses?

Jul 10, 2019Lifestyle0 comments

Many money making guides online recommend matched betting as an easy way to make cash. Matched betting refers to the practice of taking advantage of sportsbook bonuses to make money. But can you do the same thing with online casinos and turn new player bonuses into withdrawable cash? 

If you’re going to try and use casino bonuses to make money, remember that unlike matched betting, using these bonuses is not risk-free. Bet sensibly and only overspend money you can actually afford. That said, you can make a good profit if you play smart.

Most online casinos offer a new player bonus on sign up. Before taking advantage of these offers, remember that the house is set up to win, so make sure the bonus is actually worthwhile before signing up. Read the small print carefully, as you’ll have to deposit, and then bet a certain amount of cash before you can claim the bonus. For example, you may be asked to deposit £25 on sign up, and then bet a further £200 to claim a £25 bonus. So, you deposit your £25 and place a series of £1 bets on blackjack. With average odds, you can expect to lose about £1 on those bets. You can then claim your £25 bonus, which you can then withdraw with what’s left of your original deposit, for a total of £49. You’ve made £24 profit. 

Remember, there is a risk. You may lose more than the average, and end up not making a profit, or losing money. Other factors, like minimum bets on games, can also really change the likelihood of your win and expected turnover. Check the maths before you play, and be careful. If it’s not going well, quit while you’re ahead. 

Be careful about which casinos you choose. Look for brands you can trust, by either playing on the sites of large brands or looking at casino guides. There are many good forums online for casino players, or you could check a listings site like Deluxe Casino Bonus to find games to play.

Top Tips For Casino Bonuses:

  • Read the terms and conditions carefully before signing up or planning a strategy. You don’t want to make a mistake and lose your profit. 
  • Make sure you understand the game you choose. Look for online tutorials that teach you the best strategy for the game you like the look of. 
  • Crunch the numbers. Look at the odds for each game and calculate your odds of winning and how much you could stand to lose. 
  • If you’re going to play online casinos regularly, join a forum so you can get good advice on different terms and games. 
  • Never play with more money than you can afford to lose. There is always a risk involved with gambling. 
  • Make sure you’re ready to walk away. Make your profit and cash out; don’t be tempted to keep playing. 
  • Remember to be sensible as you play. Pay attention to minimum bets, and keep track of how much you’re winning or losing. Be prepared to stop playing once you’ve lost your original deposit if you can’t afford to put in any more cash.

Do you think you can make money with casino bonuses?  Comment below!

Best,

[a contributed post]

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