Casino Bonus Betting
Posted : admin On 4/5/2022A casino bonus is an incentive which you can get from an online casino for completing a specific task. Such tasks include registering your account, placing a deposit, taking part in a tournament or betting a specified amount of money on a particular game. Max bet is 10% (min €0.10) of the free spin winnings and bonus amount or €5 (lowest amount applies). Spins must be used and/or Bonus must be claimed before using deposited funds. Deposit/Welcome Bonus can only be claimed once every 72 hours across all Casinos.Games are subject to availability Bonus Policy applies. Deposit match bonuses. Fans of online casinos are already familiar with easy-to-understand deposit bonuses as the most frequently offered promotion, though for some reason they aren’t nearly as common with online sports betting yet (mostly available from sportsbooks with the most successful casino.
About No Deposit Bonuses
The No Deposit Bonuses are a big draw for online players. The only problem is that not every online casino shows them. Thus it takes a great deal of time and effort for players to find these NDBs online. But, therein lies the problem. Those non-casino sites that do promote online casino with bonuses codes are not from the casino but from the site that is promoting them. Therefore, if you want the real deal about No Deposit Bonus Codes we invite you to bookmark Sunshine Slots where you will find the actual no deposit bonuses codes that came directly from the casinos.Free Spins Frenzy Reloaded
For purposes of this article, we are happy to report that Betonline Casino does have a no deposit bonus in the form of free spins. This is a new trend we are seeing as of late. This is also good news for players as well. The Betonline No Deposit Bonus consists of up to 50 free spins every week. While the games may change, the bonus is the same. This special no deposit bonus is available on Fridays and Saturdays only.$100 Risk Free Casino Bet
When you visit the casino and please your bet up to $100, it will be on the house! If you succeed, you will keep your wins; however, if you lose, Betonline Casino will give you back up to $100.About Betonline Casino
As part of our Top 10 US Casinos, Betonline casino has become another popular online casino for US players. This is due to their incredible array of genres all packed into one casino. They are a sportsbook, a casino, poker, racebook, esports, live betting, live casino, and mobile betting - all in one. Their site is packed with information for online players that is neatly packaged in each genre. Thus, if you wish to access the casino, you can do so from the main page and click the tab at the top. Below these tabs, you will find the Slot Games’ categories which are: featured games, table games, slots, live casino, video poker, special games, and promotions.Betonline is a Mobile Casino
The About Us Page indicates that Betonline is a Mobile Casino as well and will give new players up to $50 free play on their first bet. In addition, no download is required to play on your mobile device. Simply scan the QR code on the Mobile Betting page, or if you are already a member of Betonline, just sign in with your mobile device.BetOnline Accepts Bitcoins
For funding your BetOnline account, you can use the following methods: Bitcoins, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, Credit Cards, Person to Person, Money Orders, Skrill, Neteller, Bank Wire Transfer, Cashiers Check, and ecoPayz. But it is with Bitcoins that you will receive a sizeable bonus.Betonline Casino Promotions
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- Casino BetOnline Promotions
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- NEW $50,000 Casino Ironman: The $50,000 Casino Iron Man promotion isn’t reserved for superheroes or elite athletes. Instead it’s much easier to get in the race for a share of the monthly prize money. Just complete 5 days of casino play each with $1,000 turnover to score your ticket into the random draw. Secure one extra ticket for every additional 5 days of qualifying play you rack up during the month at BetOnline Casino. The more tickets you have, the higher your chances for victory. With a top prize of $10,000 cash on the line, the challenge is worth your while, plus 100 players get rewarded every month.
- NEW $25,000 Slots Scramble: Just hit the reels and race to play as many spins as you can. The top 100 players with the most spins clocked across the month win a chunk of the $25,000 prize pool. So, the more spins you make, the more bonus money you’ll bank, up to $500 awarded to each of the top 10 finishers. Payouts to the top 100 and all prizes eligible for play on selected slot games.
- NEW $25,000 Table Dash: With 50 fantastic prizes of $500 bonus money up for grabs in this new monthly $25,000 Table Dash promotion, kick start your victory campaign early and play your favorite table games until the sun sets on the last day of the month to be a contender.
- Live Casino Weekly Challenge: $1,800 worth of extra cash up-for-grabs every week in Betonline’s Live Casino Blackjack & Roulette Leaderboard Challenge. Finish the week in the Top-3 in either the Blackjack or Roulette Leaderboard and you will take home a share of the $1,800 cash prize pool.
Risk Free Bet
Visit the casino and place your first bet, up to $100, and it will be ON THE HOUSE! Simply place your first casino bet and if you win you keep the spoils, but if you lose we'll give you back up to $100. This promotion is ONLY available on the following Betsoft games: American Blackjack; Caribbean Poker; European Roulette; Fruitbat Crazy; and Viking Voyage Slots. This offer is only available for first time casino players. No registration is required. Customer Services need to be informed within 48 hours of the first bet loss. The minimum first bet loss to qualify for this promotion is $10; and the maximum Risk Free First Bet bonus is $100. The funds will be added as a Casino Bonus and will have a 40x rollover playable on selected games. Bonuses will be issued within 72 hours and will be valid for 14 days after issue.100% 1st Time Crypto Bonus
If you have never made a deposit with Cryptocurrency before, use promo code CRYPTO100 on your first-ever deposit using either Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple to earn a 100% Bonus.35% Crypto Reload Bonus
Fund your BetOnline account via cryptocurrency and earn a 35% Reload Bonus on EVERY qualifying deposit. To claim your extra 35%, simply use code CRYPTO35 when you re-load your account with Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple.Welcome Bonus
- Join BetOnline Casino and you will receive a 100% Bonus on your first THREE deposits. Simply use promo code BOLCASINO on your first three deposits between $25 and $1,000 and your deposits will be matched dollar-for-dollar.
- Make your first deposit and BetOnline Casino will double it up with the 100% match Poker bonus. Once you’ve funded your account, send BetOnline an email to poker@betonline.ag with the Bonus Code NEWBOL as the subject line, and your deposit amount will be matched dollar-for-dollar. In addition, you will also be rewarded with 4xx FREE TICKETS to the new $2,500 GTD Weekly Sunday New Player Freerolls! Redeem each of these across the first four weeks after you become a first time depositor at BetOnline for instant access to $10,000 in tournament cash up for grabs.
New Slot Games at BetOnline Casino
Join BetOnline Casino and you will be able to play their newest slots games. They include: Jingle Slots, Dragon & Phoenix, Wild Cherry Blast, and Frosty’s Christmas. Their games are powered by Betsoft and Nucleus Gaming as well as proprietary software. Here are the highlights of each game.- NEW Jingle Slots powered by Nucleus Gaming is one game you won’t want to miss. The slot shows a stunning Christmas scene in the background, with symbols you will love. Jingle Slots is a 5x3 reel, 10-payline slot. Special features include Santa as the Wild symbol, who will also become stacked on the reels; Santa’s Sleigh will appear on reel 6. This symbol will double the number of free spins awarded and trigger rewards in conjunction with Santa’s symbol and one or more other Reindeer. Another special feature is Santa Claus Rewards where you can win from 200.00 to 50,000; win up to 15 free spins; all Reindeer symbols are wild. There is also a Double Up and Buy Feature.
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Commentary
As you can see from their newest bonuses for Cryptocurrencies, BetOnline is on top of their game. And speaking of games, the three newest games highlighted here are a must play. We invite you to join BetOnline Casino and take advantage of their newest bonuses as well as play their fabulous new slot games. Almost every online casino has some sort of welcome bonus to help try and persuade you to sign up and use their website rather than their competitors. With a little bit of thought and cleverness, we can take these new-player casino bonuses and convert them into withdrawable cash.
But before we delve into casino bonuses, let’s talk about sportsbook bonuses. Making money from them is known as matched betting and is pretty easy and may be where you started off?
But right now because of the COVID-19 coronavirus most sports aren’t running so there aren’t that many matched betting offers available. But to try and keep customers casinos are offering better bonuses than normal. Now is a great time to try some casino bonus bagging – especially as we all need to make some more money!
Contents
Unlike Matched Betting, Casino Bonus Bagging Isn’t Risk Free
Unlike matched betting, making money from casino bonuses is not risk-free. But that doesn’t mean that they can’t be profitable and worth doing.
We call this notion EV (expected value). By using maths we can work out how much money we will make on average from the bonus. So why is that not risk-free? Because of variance. Each time we make a slightly different amount, but over the long term it averages to the EV.
If you understand what I mean then feel free to skip straight to the how casino bonuses work section.
Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £17.99 a month service.
The Maths – How Casinos Make Money
Let’s say that we are playing a game of flip the coin, and because we’re fun people we’re also betting on it.
If we bet £1 a throw.
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1 and I lose £1 if the coin comes up tails.
That is what we call a fair game.
There is risk – we could play 100 flips and I might lose money, or I might win money. But either way, it is just down to luck. Statistically, I am not more likely to win than to lose.
There is a 50% chance of me winning each throw, and a 50% chance of me losing each throw.
Casino Bonus Betting Odds
That is not what it is like in a casino. The casino has an edge.
Let’s change the rules slightly:
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1.10 and I lose £1.10 if the coin comes up tails.
That is not a fair a game.
There is still risk – we could play 100 flips and I might make money. But I am more likely to lose.
On each coin toss I expect to lose 5p. We use this word “expect” a lot when it comes to making money from casino bonuses. It means the average in the long-term.
Here is a very simple tree showing you how we worked out that expected loss of 5p.
(0.5 x £1) + (0.5 x -£1.10) = -£0.05
That number becomes what is called the house edge. For every £1 we bet we expect to lose 5p.
If we play 1,000 flips, I will have bet £1,000 and expect to lose £50 (1,000 x 5p).
The More We Play The Closer To Expected We Get
Now we get a bit more complicated. The longer I play, the more likely I am to lose money.
I am not going to explain the maths here (email me if you want to know), but over 1 coin flip my chance of walking away with a profit is 50%. The coin can either come up heads or tails.
Over 100 coin flips my chance of making a profit has dropped to 31.7%, that’s almost a 1/3rd chance which still is quite high. I might decide that I’m feeling especially lucky and take that 1/3rd chance. But over 6,000 coin flips my chance of leaving with a profit drops only 1%.
That is how a casino makes money. If there are 60 people playing at your casino and each plays the coin flip game 100 times, then each person has a 31.7% chance of leaving with a profit. But as the casino is playing 6,000 total flips it only has a 1% chance of not making a profit overall. A pretty clever business model.
What Are The House Edges Of Different Casino Games?
Now you can’t actually play our coin flip game in a casino so let’s apply this concept to two real casino games.
Roulette. Is a very basic game which almost everyone understands.
There are 36 numbers not including the zero. Of those 36 – 18 are red and 18 are black. The number zero is not red or black. Each time the wheel spins there is an equal chance that the ball will land on any of the numbers 0 – 36.
If you bet on red and it comes up, you win your stake back. So a £1 bet would win £1.
There is an 18 out of 37 chance of a red colour coming up. That means that you have a 48.6% chance of winning, and a 51.4% chance of losing.
Let’s draw that same tree we did earlier but this time for roulette:
(0.486 x £1) + (0.514 x -£1) = -£0.028
For ever £1 bet we expect to lose 2.8p. That’s the house edge.
That’s pretty low. But roulette is not the casino game with the lowest house edge. That award goes to….
Blackjack. Forget card counting or anything you’ve seen in the films, your basic blackjack is the casino game with the smallest house edge.
There are many different rule sets for blackjack, and the house edge depends both on those rules and also on how close to perfect strategy the player is playing. But most games of blackjack have a house edge of about 0.5p per £1 bet (0.5%).
Let’s just think about that, 0.5%. That’s so low! It’s the equivalent of playing the coin flip game with the rules:
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1.01 and I lose £1.01 if the coin comes up tails.
If we played 1,000 hands of blackjack at £1 a bet, we would have staked £1,000 and expect to lose just £5.
No Deposit Bonus Betting South Africa
How Casino Bonuses Work
Thank you for sitting through all of that. Now that the basics are out the way let’s talk about the juicy stuff. How we can actually make some money from casino bonuses.
Just like with matched betting, most casinos offer new players an incentive to sign up and play at their casino.
Unfortunately, unlike with matched betting, there is no way we can hedge out our bets. But we can use this knowledge of the house edge to turn things in our favour. Provided the bonus is good, we can expect to make money.
Let’s take a look at one bonus that is currently offered by William Hill on their live casino.
To get the bonus, we need to deposit £25 and then place a series of bets that total at least £200. When we have reached that target and we contact customer service, a bonus of £25 will be added which we are then free to withdraw along with whatever is left of our initial deposit.
How We Make Money From Casino Bonuses
£200 sounds like a lot, but after what we’ve learnt about house edges and blackjack it shouldn’t sound so bad. Remember blackjack has a house edge of 0.5%.
Over £200 staked we expect to lose only £1. That means we expect to keep £24 of the bonus!
This is what we expect to happen.
- We deposit £25 into William Hill Live casino.
- We place 200 £1 bets. At the end, we have lost £1 and have £24 left.
- A £25 bonus is added to our balance.
- We withdraw our balance of £49 (£24+£25).
- We have made a profit of £24.
But, there is risk.
There is a chance we will lose more than just £1. There is even a chance of us losing more money than the bonus is worth. If we use up all of that £25 we would need to deposit more in order to finish the staking.
We won’t go into the maths on variance. But understand this. Blackjack has a house edge of 0.5% and a standard deviation of 1.15.
That means that at a £1 bet size there is a 95% chance we will make somewhere between £7.75 and £40.25. But it also means there is a 7% chance of making a small loss.
That is the essence of making money from casino bonuses. You are simply moving the odds to your favour.
Websites like Oddsmonkey and Profit Accumulator (more on them later) have calculators for working out your variance and house edge from different casino games. They also have strategy calculators to help you play the games optimally.
Whew. So after all that explaining, the actual steps were very simple.
But we had to go into all that details because it will enable you to look at more advanced offers and take advantage of them as well. Every casino bonus has different terms and you need to be able to work out what strategy to follow to get the highest ‘expected profit’ or ev from the bonus.
Which brings us on to the hardest part of making money from casino bonuses.
Casino Bonus Betting Poker
Where To Find The Best Casino Bonuses
You can only do that William Hill Live casino offer once, so to continue making money you need to find some more offers.
And the unfortunate truth is for more casino bonuses it is not profitable to make money from them. You need to find the diamonds in the rough.
You can do this in exactly the same way as you would when sports matched betting. And in fact, if you have done matched betting before you will probably already know the following two choices:
- Look through casino terms and conditions manually.
95% of people pay for a service. Compared to the EV you can make the services are cheap, they give you a curated list of offers to work through, and they point out any dangerous loopholes in the terms and conditions.
My two favourite paid for services for casino bonuses are:
- Profit Accumulator. Free for your first few bonuses, then £19.99 a month.
- Oddsmonkey. Free for your first few bonuses, £19.99 a month.
Nowadays they are both pretty similar with largely the same offers but different communities, website feel and customer service. They each have free accounts you can try out so I suggest signing up to both and then choosing which one you like the most.
Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £19.99 a month service.
There Are Lots Of Different Types Of Casino Bonuses
Wow what a beast of a post!
Let’s just finish on saying that there are lots of different types of casino bonuses and all have slightly different best ways to exploit them.
By now you should understand the concept of expectedvalue and therefore making money from casino bonuses. You have a guide to tackle your first bonus and you have plenty of resources to help you research and find new offers. Good luck!
USEFUL LINKS
- More details on casino wagering requirements.
- My summer betting diary where I made £250 a week throughout the summer holidays.
FAQ
What happens if I lose all of the £25 before completing the wagering requirement??
This is a very real risk and is also the reason why there is a chance of losing a small amount of money while completing the wagering requirement.
What you need to do is to deposit more money and finish the betting.
I hear people talking about ‘sticky’ bonuses or doubling up. What does that mean?
You should really join a forum and start asking people there. You are getting into some quite complicated areas with the potential to lose some large amounts of money if you make a mistake.
But in short: A sticky bonus is one that you can never withdraw. You can only withdraw the winnings. This means that the tactics we spoke about earlier don’t work. Doubling up is a technique to make money from them. You basically bet the whole bonus on red on roulette. If the bet wins you withdraw the winnings. If you lose you’ve lost the bonus which you couldn’t withdraw anyway.
What are the house odds of some other casino games?
- Baccarat – 1.06%
- 3-card Poker – 2.01%
- Craps – 0.34%
- French Roulette (you get 50% of your stake back if it lands on 0) – 1.35%
- American Roulette (two 0s) – 5.26%
- Slots – 3-10%. Average is about 5%.
Can I card count online blackjack?
No, you cannot. Card counting relies on the contents of the remaining cards changing as the rounds go on. In online blackjack the cards are shuffled every hand so the contents don’t change. You can do it with live blackjack – but I believe they shuffle regularly to make it more difficult. I have never tried.
I have a question that is not answered here?
Drop me an email at hello@sampriestley.com and I will do my best to get back to you.
Can you make money from casino bonuses while self-isolating or under quarantine?
Yes you can! It is actually a very good time to do it because you can do every step of the offer from your home.