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This is shown as a percentage and ranges from blackjack 0. This figure can be used to calculate the return to player RTP which is basically the flip side of the house edge.
As we looked at above, RTP is the percentage of money a player should expect to win back in the long term.
You may be wondering how you can work out the expected value of a matched betting casino offer. Whilst you can complete these calculations manually, I recommend you use a service like Bonus Accumulator.
Their advanced software calculates the expected value for you making your job much much easier. As I say, Bonus Accumulator calculates all this information for you and shows you which offers to complete and how much you should expect to make.
One of the best tips to consider before you start with matched betting casino offers is to apply bankroll management. This is especially important for more high-risk offers.
You should commit a percentage of your overall bankroll to each offer in order to spread your overall risk. The law of large numbers means that over hundreds and thousands of offers you are mathematically likely to profit.
Next up is to check out the different types of casino offer. However, this is something you should avoid. This is something you should consider when picking a new casino offer.
Here are the most common matched betting casino offers you will encounter. Everyone should start off with these casino offers no matter what level of experience you have.
You can access risk-free and low risk casino offers at Bonus Accumulator by clicking the link below:. As the names suggest, medium and high-risk casino offers are the next step up.
These matched betting casino offers are not for beginners. They can be incredibly lucrative. Low risk offers generally consist of wagering a certain amount in order to receive a bonus with low wagering or a number of free spins.
We need to know the following to calculate the EV:. Different casino games have a different house edge. For example, blackjack has around a 0.
The house edge of a slot depends on which one you are playing. First, we need to calculate how much it will cost us to qualify for the bonus.
In this example we get:. We know that no wagering on winnings is required so our bonus wagering is the value of the free spins.
The more casino offers you do, the more profit you can expect to make on average and so you should be able to build up a good-sized bank over time to cover any losing streaks.
That said, if the expected value of the offers are positive, you will end up in profit over time and so it is a case of trusting the EV and having a big enough bankroll to see out the losing streaks.
Often, one big win can put you back in profit. The standard EV formula is inaccurate when applied to high-risk casino offers or offers with wagering above x1.
This is because the formula assumes that you will complete the wagering every time you play the offer. However, when there is a chance of busting out before completing the wagering, in order to calculate a near-accurate EV, you must simulate playing the offer many times.
This would be close to impossible to do manually and so a casino calculator is needed to perform thousands of simulations.
ProfitSquad provides a casino calculator to do this which helps members calculate the EV of any casino offer based on a number of variables such as wagering requirements, bonus type, game RTP, stake size and more.
ProfitSquad are experts in casino strategy and provide advanced tools to help you accurately calculate EV.
By doing so you can be sure that you are only playing offers where you have the advantage, allowing you to maximise your profits when playing casino offers.
Take a look at this screenshot below of some of the high-risk casino offers available in the members area of Profit Squad.
Despite the EV of high-risk casino offers being so high, the risk of losing your initial deposit is also very high.
Therefore, you must have a relatively high bankroll to even attempt these offers and be able to handle losing your stake more times than not.
Unlike with sports offers where you know how much profit you will make before the event has started, casino offers are more unpredictable.
Instead, we determine an expected value of the casino offer which is the profit you would make on average if you played the offer an infinite number of times.
Calculating the Expected Value for low-risk casino offers where there is no chance of busting out can be done by using a simple EV formula see below.
However, when there is a chance of busting out, in order to determine an accurate EV, you must simulate the wagering hundreds of thousands of times.
Of course, this would be virtually impossible to do manually and so you need to use a simulator similar to the one available to Profit Squad members.
The advanced casino calculator at Profit Squad was developed specifically for casino offers and is able to determine the EV of almost any casino bonus or free spin offer by using a number of variables which are input by the user.
This is because they gain experience and knowledge of other profitable offers and methods of generating a profit which opens up many doors to earning a significant income in the long-term from matched betting.
One route which many matched bettors explore is casino offers. Beginners may be initially put off by casino offers as they can be confused with gambling.
However, when the odds are in your favour it means that you will make a profit over time and for some people, these profits can be significant.
Casino offers can be generally split into three categories:. There are a countless number of online casinos with the number dramatically rising in past years due to the popularity of online betting.
With the majority of these casinos offering bonuses, free spins and other promotions on a daily basis, it allows those with knowledge to take advantage and generate an additional stream of profits alongside their standard matched betting.
Just like with sports offers, casino offers come in various forms and with terms attached. Risk-free offers are indeed risk-free and require no deposit to claim them with the potential of winning real money.
Low-risk offers are appealing to many as the potential profits are usually higher for a relatively small risk.
For example, if you bet on red on roulette an infinite number of times, you would lose money. The same with blackjack, craps, slots and every other casino game.
You may get lucky and win occasionally but overall, you would be down. So how are playing casino games profitable if the casino always wins in the end?
The answer to that is in the offers that the casino provides. If you play a casino game without an offer such as a bonus, free spins or cashback, then it has a negative Expected Value -EV.
Expected Value is a term which you will often see on matched betting sites and is used not only for casino offers but sports also. The expected value is how much you can expect to make from a particular offer if you played it an infinite number of times.
This is something you should consider when picking a new casino offer. Here are the most common matched betting casino offers you will encounter.
Everyone should start off with these casino offers no matter what level of experience you have. You can access risk-free and low risk casino offers at Bonus Accumulator by clicking the link below:.
As the names suggest, medium and high-risk casino offers are the next step up. These matched betting casino offers are not for beginners.
They can be incredibly lucrative. You may need to wager the free bonus up to 40 times before you can turn it into withdrawable cash.
Deposit a specified amount, then get a bonus added to your balance. If you hit a win using your own cash before using the bonus — you are allowed to forfeit the bonus and withdraw.
The bonus acts as insurance if you fail to hit a win with your initial deposit. I usually aim to double or triple my initial deposit, then withdraw.
With this casino offer, you can only withdraw any potential winnings after completing the full wagering requirement. Also known as cashback offers.
Use your own money to place wagers on a specific slot or game — get a refund to a specific figure or a percentage of losses.
A post wager casino bonus is received after you turn over your deposit a specified number of times. A sticky bonus cannot be withdrawn.
The bonus amount is usually deducted when you make a withdrawal. This is where Bonus Accumulator comes in. They have hundreds of tutorials designed to take you from complete beginner to a casino matched betting pro in no time.
I love these type of offers and you can literally win money with no money in your account. I class a low-risk offer as those which you wager and can possibly lose real money.
However, you know how much you have to wager and you can choose to stop at any time. You also know what you will receive upon completing the wagering e.
After a while, you will get a feel for what each of the main slots used for wagering are like. Some pay out some winnings at least every few spins.
I also class the Bet on Sports and Get free spins to be low risk. Usually, the free spins relate to the number of goals scored.
Sometimes no goals are scored and you are left with a small qualifying loss, but that is rare, especially if the one bet covers a range of games.
Caution — You can lose your whole deposit with Medium Risk Offers. I class medium risk offers as offers when you can lose the whole deposit because you have to complete the offers wagering requirements.
Again these are casino offers posted in Profit Accumulator and you know the estimated value in advanced.
You also play them at maximum lines and minimum stakes to reduce the variance. Therefore I very rarely do these offers.
Note: I very rarely do medium risk offers. Even then I might skip them. Profit Accumulator does not advertise these offers, they are high-risk and best to be avoided.
The following link will only work if you are already a member, so copy and paste this link if you are :. There are people posting and discussing high-risk casino offers every day.
High-Risk Casino Offers are not for beginners , in fact, they are not for most people. The high-risk casino offers are as much about mindset and money management as doing the actual offers themselves.
The stakes are large and the losing streaks can be long and large. Every question you have is answered in the forum.
Plus in doing so, you gain the knowledge of how to approach these offers. You will gain some experience as you will read about the big wins but also the run of losses and meltdowns.
These same people go through long periods of losses. Best to avoid high risk IMO. They are all fairly straightforward.
Profit Accumulator provides info on how to play roulette and blackjack. Most casinos have free demo versions if you want to practice.
Blackjack is a game of strategy and the decisions you make are based on the cards you and the dealer are dealt. In this instance, you just look at a strategy card for the type of blackjack you are playing and play the hand as the card instructs.
The individual offer instructions on Profit Accumulator usually links to the blackjack strategy card. Roulette is very easy to play, no strategy card for this is needed.
Slots are really simple to play. Just make sure the slot is set to minimum stakes and maximum lines. Some casinos load the game with stakes loaded higher than the minimum, so always get in the habit of lowering stakes before you start spinning.
Slots are my personal favourite because you can set the slot on autoplay and not have to pay it any attention, therefore be doing something else at the same time.
Different people have different ways of playing offers. How you attempt them will depend on a variety of factors such as your tolerance towards risk, the size of your bank etc.
My advice is to stay within your comfort zone and attempt offers that you are comfortable with.
Profit Accumulator recommends minimum stakes and maximum lines as the way to play the casino slot offers. If wagering real money I always play minimum stakes and maximum stakes.
The more spins I have the more likely I am to hit a bonus round. Bonus rounds are typically where you hit the bigger wins.
Although not always and the payouts do vary from slot to slot. This can result in big wins. If I get lucky and hit an early win and it seems more likely I might get something from completing the bonus I might play the rest of the wagering out on minimum stakes.
Many more than I possibly list. These are one of my favourite casino offers. The qualifying bet typically costs a loss of around p and you have a very good chance of profiting from free spins.
Some offers give free spins per goal in one game, but others such as Coral and Ladbrokes, have been known to give free spins away on a range of games for just one qualifying bet and with no wagering on the free spins.
Every free spin is worth taking. One of my first decent wins was with Sky Vegas. As you can see, I have only shown screenshots for risk-free and low-risk casino offers.
Some people play every offer that gives them a mathematical edge with a positive expected value. Others, myself included, are a little more choosy.
This is a key factor as it means you can leave the slot running and get on with other tasks at the same time. Or leave it on mute in the background while watching TV or something.
Some casino offers will actually show you how much you have wagered in a visual form. One solution is to use a click or tally counter app.
Quick and easy to download on your phone and really simple to use, just click every time you spin or play a hand.
If at all possible play the slots on autoplay and mute the sound. This saves time and also stops you becoming emotionally involved in the visual and sound effects that make slot games more interesting and enticing to play.
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