Low-risk casino offers are a great way of increasing your matched betting returns if utilized effectively. They are not exactly risk-free but you can locate ones with +EV (positive expected value). That is, you have the theoretical edge over the house and chances are in your favor.
Even when you aren't guaranteed a profit each time, being loyal to this method could perhaps bring about profits in the long run. This is just one of the matched betting best casino offers out there, with there being the full array of other various ones which you may find to secure margins of profit if you were to utilize them properly.
Types Of Matched Betting Casino Offers
There's a whole array of different bookmakers and online casinos nowadays, and with them comes a greater number of matched betting casino offers that you may be able to exploit now compared to before. Each of them work in their own way, offering different incentives, though by understanding how each of them work and some strategies around them, they may be of use for your matched betting.
Online Slot Offers
Online slots are among the most popular casino games and are typically paired with promotions and matched betting casino offers. These can take many different forms such as your run of the mill free spins, or a deposit and bet type of bonus.
Slot promotions are quite distinct from each other, so it is extremely crucial that you read through the T&Cs of one to have an idea of what requirements need to be fulfilled. For example, some internet casino slot promotions will use a customer's money first before bonus money and vice versa, so it is advisable to jot down such information.
Similarly, it's always a good idea to look over the wagering requirements for certain slot bonuses. For example, suppose the offer has a 10x play on winnings. This would imply that if you won, for example, £5, then next you would need to play through £50 worth of spins in order to convert winnings into real cash. You can play spins on the slot and stake any winnings along the way to play those through until either:
You complete £50 worth and the rest is yours to keep as profit, or you 'bust'. In this event, you are done with the offer. It's time to stop with this offer. Do not add cash to complete a wagering requirement.
RTP And Variance
OddsMonkey casino offers on matched betting will often suggest the use of certain slots. This is because different slots have a different RTP (Return To Player). For example, if a slot machine has an RTP of 96%, that is the % on average which you can expect to be paid back to you if you played the game an infinite number of times. So if you played X dollars on a slot an infinite number of times, you could expect to be paid back 96% of that in due course as winnings, leaving the casino with a 4% profit.
There are times when you may be way up and other times when you may be way down but ultimately lose 4% of your stake on average. If there is a casino promotion listed as a +EV, then that means that this 4% advantage and beyond are included in the promotion. This in theory gives the advantage to you instead of the casino.
'Fluctuations' in casino offers are known as 'variance'. A slot has an RTP of 96%, which is good but high variance. What you get is that you may not be winning on the slot very often but maybe win a lot if you manage to hit a win. On the other hand, a low variance slot is a machine that provides you with smaller payouts and more often.
You can reduce the variance on the slot and maximize your chances of getting the expected RTP by doing 'minimum stakes and maximum lines'. In that way, you get more spins from your money and chances to win your money back. OddsMonkey Premium subscribers ought to learn more about this tactic in our casino tutorials and on our casino matched betting blog.
For casino matched betting offers on slots, we can determine an expected value for the offer based on the RTP of the slot and the wagering requirement.
- If the expectation is in your favor then the offer is worth accepting since in the long term you should win cash like the bookie does on slots but you have to be willing to have faith in the maths and endure the variance.
- Sometimes you will lose money on slot offers but in the long term, you may gain if the expectation is in your favor.
- To achieve this, you may be able to employ the use of the expected value calculator, one among the different betting odds calculators we have on the website.
Bookmaker Limitations And Slot Offers
Unless you are sports offer-restricted by a bookmaker, you will usually still be able to do slot offers. This is because they desire that people play slots and other casino games as much as possible. That is due to the maths being on their side. Take, for instance, playing a 95% slot and we stake £10. They are going to gain an average of 50p. Over millions of spins and thousands of players, that translates to a fortune. It's not a risk for them.
Matched betting casino offers, in combination with sports betting promotions, are a great way to potentially increase your profits by applying the matched betting strategy correctly. This is because sports promotions could help cover any potential loses if you’re having downswings on the casino offers.