This is the guide about how to profit from low-risk casino offers I wish I had when I started. Prior to making a profit from low-risk casino offers, I had never been in an actual casino and had certainly never placed a casino bet before. For me, slots were machines that would suck in all your money and leave you broke and in debt. Equally, Roulette seemed like a high-risk gamble where the chance to win was one in a thousand. Blackjack just sounded like a highly addictive drug.
If you share the beliefs of the old me, then I can assure you, you are wrong. Although low-risk casino offers are not risk free, as the name implies, over time you are likely to make substantial profits. If you want to learn how to profit from matched betting, check out this post.
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How much can I earn from low-risk casino offers?
I make about £10 to £500 each month from completing low-risk casino offers and this is nowhere near the maximum. Some people report making £1,000 every month! However, because casino offers have something called “variance”, profit is not guaranteed. In one month you may find yourself losing -£200 and in the next month, you may have a profit of £700. This is completely normal. For example, in February this year I made only £16 from low-risk casino offers despite working as hard as in January in which I made £500 profit.
I give no guarantee regarding the profit you may make. If you are following this guide, you do so at your own risk and I will not be liable for any outcomes of your actions. You may lose money. Only stake what you can afford to lose.
How does making a profit from low-risk casino offers work?
Slots and casino games have all have different return-to-player (RTP) rates and variance levels. For slots, the RTP generally lies between 92% to 98%, whereas casino games such as Blackjack (99.7%) and Roulette (97.30%) have slightly higher RTPs, if played correctly. The RTP defines how much money you are likely to lose for each £100 played. For example, an RTP of 95% means that you will get back £95 if you stake £100. This means you will lose £5 and consequently, the casino will gain £5 for each £100 you stake. This is how casinos make their profit.
However, if punters knew they will lose, the would not play. Casinos solve this problem by adding variance to the mix. In reality, you are unlikely to ever lose exactly £5 when you stake £100. Variance means that one day you may win £200 and the next you may lose £210. Assuming a stake of £100, the casino will still have gained its £5 per £100 profit, but you had one big win and one big loss. This is why people continue to play. They see the chance to win but fail to take into account their losses.
Casino slots are categorised into low, medium and high variance. Blackjack and Roulette have lower variance than slots and should be your preferred choice wherever possible. For slots, the variance can be minimised by setting the slot to the maximum number of lines and using the minimum stake.
Expected value (EV)
Following this line of thought, you may think that casinos are unprofitable for their players. And this is largely correct. However, casinos often run promotions (offers) of which we can take advantage. We know that we are going to lose £5 for each £100 staked on a 95%-RTP slot. Now the casino may offer you a £10 cash bonus for each £100 staked. Staking the initial £100 will cost us £5 but with the £10 cash bonus, we have made a profit of £5.
The amount of money you can expect to gain from completing an offer is called “expected value” (EV). The offer involving staking £100 to gain a £10 cash bonus has an EV of £5. If you are unsure about the EV of an offer, you can use this free calculator. OddsMonkey also has an EV calculator that is easier to use than the free version.
Reality is slightly more complicated than the above example. Instead of a simple cash bonus, you are likely to get free spins or bonus money that has to be wagered once. Assuming you get your £10 as a bonus or free spins and play them on the same 95%-RTP slot, you can expect a profit of £4.50. Note that you will lose £0.50 from playing the bonus/free spins, hence this is deducted from your overall profit.
You will also come across offers in which the free spins or bonus will have to be wagered a specified number of times. For example, if the wagering requirement is x10, you will have to wager your £10 worth of free spins/bonus 10 times (£100 total). Each time you wager, you can expect to lose 5% (or retain 95%) on a 95%-RTP slot. In the above-described offer, you received a £10 bonus. As you are now wagering this 10 times, you will lose £5 of this. When staking your initial £100, you have already lost £5, hence you can expect to lose £10. An offer where you lose equal or more the amount of bonus you were given is not profitable.
How do I play casino games?
Blackjack should always be your game of choice if it is acceptable for a promotion because of its high RTP. It is a card game with the aim to get a hand of cards equalling 21 points. You play against the dealer who will draw after you. The dealer will always have a slight advantage but this can be minimised by using the following strategy.
In game, you have the options to “hit”, “stand”, or “double” (and “split” if applicable”). To find out what to do, count the points of your hand and the dealers. Then, the Blackjack basic strategy chart will tell you what to do. You can AND SHOULD practice for free here.
Personally, I rarely play Roulette as Blackjack has a higher RTP. However, Roulette is an acceptable choice for offers that require you to play in a live casino. In live casinos, the dealer is a real person rather than a computer and there will be other players playing with you. Live-casino Blackjack is super slow so Roulette is preferable.
In Roulette, a ball is being rolled and you bet on the number it will land on. It is a very simple game and to play simply place your chip on either the black or the red field (the bottom fields with no number written on them). This approach will minimise the variance and over time, you should win nearly half of your games. You can practice playing Roulette for free here.
How do I play slot games?
Slots are also pretty easy to play, essentially all you have to do is press the “spin” button. Before you do, ensure that the maximum number of lines are activated and that the slot is set to minimum stake. Below, you can see the general layout of a slot game, although there are slight differences between different slots. Before attempting to complete offers, you can practice playing slots for free here.
How do I know which slot to use?
You can find out the RTP of a slot here. To profit from low-risk casino offers, always choose the slot with the highest RTP that is eligible for the promotion. As you become more experienced, you may decide to use slots with lower variance with a slightly lower RTP. For your convenience, below is a list of high-RTP slots that have an acceptable variance. Note that no casino has all slots available so I tried to make this list as varied as possible.
- Age of the Gods: Gods of Storm (RTP 96.14%)
- Age of Egypt (RTP 97.05%)
- Starmania (RTP 97.87%)
- Bloodsuckers (RTP 98.00%)
- Big Bad Wolf (RTP 97.34%)
- Wild Gambler (RTP 96.67%)
- Jack Hammer 2 (RTP 97.10%)
- Dragons Luck (RTP 96.29%) – if there is no other suitable slot
How can I start to profit from low-risk casino offers?
These are the lowest-risk low-risk casino offers there are. Hence, cashback offers are ideal for beginners! Usually, offers follow the example of “wager £20, get £20 cashback”. This is super profitable as you can expect to retain £19 of the £20 you staked (if using a 95%-RTP slot for wagering). Overall, you would make a £19 profit (£20 cashback minus £1 lost from wagering your initial £20). Note that your individual results will vary due to variance and you could potentially lose more money from wagering.
Either way, whether you mess up and lose your entire stake or are hit by variance, you will still get your stake refunded via cashback. Therefore, you should not end up with a loss. Note that there is a slight chance that your cashback will be declined. Out of the 32 offers I did, only one got declined due to my ad-blocker being enabled. If your cashback does not track, wait seven days and submit a claim. Usually, it takes between three weeks and two months until your cashback becomes payable.
I made over £400 profit from cashback casino sign-ups. You can download my free casino sign-up tracker to easily log your progress from Monethalia’s Resources section. In the process, you also sign-up to my free newsletter from which you can unsubscribe at any time.
Getting started with low-risk casino cashback offers
Firstly, sign-up with Topcashback, OhMyDosh! and Quidco. This is where you can find cashback offers. Then go to the “gambling” section and look for suitable offers. Before attempting any offer, do a quick google search and look for reviews of the casino you are thinking of signing up to. If the majority of reviews are negative, stay away! You do not want to end up losing money in a scam. So far, every online casino I signed-up with (and that is a lot) has payed out fine, but it is always better to be careful.
You also need to ensure that you do not get tangled up in sign-up bonus offers. If you are offered free spins when signing-up you can accept them. However, decline any casino bonuses. These are not safe to use as your deposit may end up in your bonus balance. You also should not use any bonus codes, as these may invalidate your cashback.
How do I find offers to profit from low-risk casino offers?
Very easy offers to start with include Sky casino’s daily “stake £10 get 5 free spins” and Betfair’s “stake £5 get 5 free spins”. You can also complete the daily free offers. OddsMonkey has a Daily Offer list and a casino offers no chat thread which you can follow. These will be your main sources to find offers.
Always check the Terms & Conditions and do not attempt an offer if you are unsure about what to do. In the beginning, you should only complete offers with wager-free free spins. Usually, you will find a sentence in the Terms & Conditions that says “all winnings go to cash” or “there are no wagering requirements”. Once you feel more comfortable, you can progress to free spins and bonuses with wagering requirements.
You should only ever place a bet to complete an offer. Mug spinning or chasing losses is gambling and over time, you WILL lose money. If you are concerned about developing a gambling addiction, contact GamCare.
For any questions, please leave a comment below. I will update this guide based on feedback. Edit: I disabled the comment function for this post due to repeatedly being targeted by spam bots. Please shoot me an email or message me on Facebook for any questions.
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