We are sure that each player has asked himself how to make money from online casino bonuses or how much you can cash out at a casino. Did you know that there are sports bettors who make regular income using only free bet bonuses? Casino players can do something similar, but only if they choose the right bonuses (and the right casinos).
Casino bonuses are different from sports betting and they need to be chosen very carefully to work. In this guide, we will explain how you can do this and answer the question of how to make money in a casino.
- 1The Ultimate Making Money Online Casinos List: Start With These
- 2Why Casino Bonus Bagging Is Not Effective As Sports Betting
- 3Learn How Operators Work To Make Money In Casino
- 4Making Money Online Casino Requires Learning The “Expected Value” Of Bonuses
- 5Learn About RTP & House Edge To Make Money Online Casino
- 6Can You Really Make Money In Casino With Bonuses?
- 7Find Out How To Make Money In A Casino Today
The Ultimate Making Money Online Casinos List: Start With These
But first, let’s give you a list of the best low wager casino sites that you can use the tactics we will talk about in this guide. We personally tested these casinos and their bonuses: We guarantee that they work and contain fair terms. They offer bonuses that will give you a real advantage, such as the casino welcome bonus: You can take advantage of them by joining now.
- Get a 100% up to €500 on your first deposit with a minimum deposit of €20
- Get an additional 500 Free Spins when you deposit €55+
- The free spins are released in bundles of 50 free spins per day, over the course of 10 days
- Wagering requirements: 30x
- 1st deposit: 60% up to €100
- 2nd deposit: 50% up to €200 + 25 Free Spins
- 3rd deposit: 40% up to €500 + 50 Free Spins
- wagering requirements: 45x
- First deposit is 500% up to €100
- Second deposit is 400% up to €120 + 50 Free Spins (no wagering)
- Third deposit is 300% up to €120 + 50 Free Spins (no wagering)
- Wagering requirements: x30
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Why Casino Bonus Bagging Is Not Effective As Sports Betting
In order to explain the “bagging” concept, we need to talk about how do online casino bonuses work. As known, online casinos are full of bonuses: New and current members can always find something to take advantage of. However, the majority of these bonuses will require making a deposit. And such bonuses are not “instant”: You get the bonus instantly, that’s right, but you are asked to complete a wagering requirement to “unlock” your bonus. Only after that, you are allowed to use or withdraw it with the payment casino method of your choosing. And the amount of money you need to wager can be quite big – we will talk about this topic more in the “expected value” section. First, let’s give you a general list of the casino bonuses that require wagering:
While there are other promotion types too, these are the most common ones. Have you noticed something different on this list? That difference is of crucial importance for “bonus bagging” and can show you how to make money from online casino bonuses.
- The no deposit bonus gives you free spins/cash right away. You don’t need to wait for anything to use them. You just need to complete a wagering requirement. You get the bonus first and complete the wagering later.
- All other bonuses require making a deposit and allow you to use/withdraw your bonus only after completing a wagering requirement. You need to complete the wagering first and get your bonus later.
Top 20 Online Casinos (2021) Updated List
Sports Bettors Have An Advantage
This is how “bonus bagging” works and explains why sports bettors have an advantage. See, sports betting websites constantly offer “free bet” bonuses. They are very similar to the no deposit bonus we explained above. You can place a free bet right after completing the registration and without making any deposit. If your bet wins, you can complete the wagering requirement and withdraw the winnings. If it doesn’t win, you can simply try your luck in another sports betting website. You never take any risks and enter any obligation. You must accept the wagering terms only if you win a prize. Now, this is called “bonus bagging”: By using this technique wisely, a sports bettor can open multiple accounts at multiple websites and place a bet for different outcomes. At least one of those bets will be successful and he/she will continue to play at only one website, the one where he/she has won a prize.
The same concept can be used for no deposit bonuses too. You can open an account at multiple online casinos, grab a couple of free spins, use them all, and only continue to play at the casino you have won a prize. Unfortunately, no deposit bonuses are not as common as free bet bonuses. You have a much better chance of finding a, for example, 300% casino bonus. However, they still exist and are an effective way of making money from casino bonuses. So, here you go: The first answer to how to make money from online casino bonuses question is to use no deposit bonuses. That’s what we meant by saying “the right bonus”. Other bonuses won’t be this much effective, as all of them require making a commitment first.
Learn How Operators Work To Make Money In Casino
Now, you are probably also wondering how do casino operators make money even after giving “free money” to players. This is as common as how to make money from online casino bonuses question: Most of the players really think that online casinos distribute “free money” via bonuses such is the case of offering free spins on registration with no deposit. Well, that’s not what’s happening: There is no such thing as “free money” and this is all a clever business tactic. Let us explain:
In order to learn how to make money at the casino, you need to know how operators work. That’s why we explained this process: Sometimes the wagering requirement really takes too long to complete and resets the expected value of the bonus. That’s where online casino myths, like bonuses are impossible to clear come from. At the same time no wagering casino bonuses rarely exist. Speaking of which, what is expected value and why is it important to answer the how to make money in a casino question?
Making Money Online Casino Requires Learning The “Expected Value” Of Bonuses
We can use a simple formula: (Bonus amount – (Wager requirement) x House edge)
Don’t worry, you don’t have to be a mathematics professor to understand this. Let’s say we have won 200 EUR from our bonus and the wagering rate is 20x. (This means we need to wager 4.000 EUR.) We will use this bonus on a particular slot with an RTP rate of 95%. This means its house edge is 5%. So, the formula will be:
(200 €) – ((4000 €) x 5%) = 0€
In other words, the expected value of this bonus is, literally, 0. It is not worth taking. Now, we know what you think: What is RTP and house edge and how can I find them? Both are important to answer how to make money at a casino question and we will explain them below.
Learn About RTP & House Edge To Make Money Online Casino
Learning about RTP and house edge will also show you the best casino game to make money. These are actually quite simple concepts bıt they are of crucial importance to answer how to make money from online casino bonuses question. Here is what you need to know:
Each casino game has an RTP rate. You should look for games with the highest RTP rates – 95% and above. To help you, we prepared a short list that shows the average RTP rates of all casino games:
AVERAGE RTP RATE
Please note that these are average rates: Variants of these games (for example, blackjack switch) can offer lower rates. As a general rule, you should check the paytable of every game before starting to play: The RTP values are shown on this table.
Can You Really Make Money In Casino With Bonuses?
Well, as you can see, the answer to how to make money from online casino bonuses question is a little complex: Yes, you can really make money from online casino bonuses but only if you pick the right bonus and the right game. In general, no deposit bonuses are your best bet: You are not making a commitment to use them. And you should prefer table games because they offer the highest RTP rates. While these are the general rules, there are lots of other things you need to pay attention to in order to learn how to make money in a casino, such as:
FAQ about How To Make Money From Online Casino Bonuses:
Find Out How To Make Money In A Casino Today
That’s it: You now know how to make money from online casino bonuses. The next step is picking an online casino and use all these tactics: You will start making a profit in no time. We highly recommend picking one of our recommended casinos,and checking their casino review, because they have fair wagering rates and really competitive match rates: We already checked both. If you make the right decisions, you can easily make money in a casino: We showed you the basics and the rest is up to you. Good luck!