Last updated in October 2020
No-risk and low-risk casino offers can be very profitable–as can high-risk casino offers. However, knowing where to draw the line between offer types and how to approach them can be challenging for matched bettors.
Which type of casino offers are right for you depends on your personality. Even if you are against putting your money at risk, no-risk casino offers still offer you the opportunity to profit. Equally, if you have a large bankroll, high-risk casino offers may look very appealing to you.
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Table of Contents
No-risk casino, low-risk casino and high-risk casino in matched betting
If you want to learn about the basics of casino offers, such as how to play a slot game, read my free matched betting low-risk casino guide.
What are no-risk casino offers?
No-risk casino offers are inherently risk free. This means you cannot lose money from completing these offers. This makes no-risk casino offers suitable for every matched bettor, whether you are a beginner or an expert.
Examples of no-risk casino offers include free spins without prior qualifying criteria, no-deposit bonuses, and offers that do not require you to wager your deposit. Some websites also offer daily free games you can play that award cash prizes or free spins.
Are no-risk casino offers profitable?
The short answer is yes. As you cannot lose money, no-risk casino offers are always expected value (EV) positive. This means over the long-term you will make a profit from completing these offers.
However, as bookmakers are guaranteed to lose money from no-risk casino offers, this offer type is usually limited and the EV per offer is low. Additionally, no-risk casino offers may come with high wagering restrictions. This makes it much harder to profit.
For example, the daily free games many websites offer tend to have an EV of around £0.20 for each time you complete them. This means if you complete one of these games every day of the week, you will make £1.40 per week in the long run.
£1.40 is not a lot but you also need to take into consideration that playing free games does not take a lot of time. If it takes you one minute to complete, this would equal a pay of £12 per hour. Not bad given that you do not have to pay any taxes on this money.
You should still take advantage of every no-risk casino offer due to there being nothing to lose but a lot to gain.
How to find no-risk casino offers
You can easily find no-risk casino offers in Profit Accumulator’s daily offers list. They are labelled as risk free, making them easy to spot for beginners. You can sign up for a free trial with Profit Accumulator here.
If you want to solely focus on casino offers and not do matched betting, you may prefer to sign up with Bonus Accumulator instead. Bonus Accumulator is a website specialised for taking advantage of casino offers with lots of guides and a reload offer list that is updated daily.
What are low-risk casino offers?
Low-risk casino offers are the most common offer type you will encounter. They are the main way matched bettors make a profit from casinos. There are various different types of offers that fall into this category.
Most commonly, you have to wager your own money before receiving free spins or a bonus. Generally, the free spins or bonus will have no or low wagering requirements. This means you have to put your own money at risk but you can expect to gain money from your free spins or bonus.
Note that low-risk casino offers are profitable over the long-term, in the short-term you may lose money. Therefore, low-risk casino offers are very different from no-risk casino offers.
Common examples for low-risk casino offers include wager £x to get wager-free free spins or a bonus that can be wagered on blackjack. Note that whether an offer is low or high risk also depends on the slot. Some slots have insane variance so any offer using them is inherently high risk.
This is why you should check the variance of a slot before you start completing an offer. To do so, you can use the slot catalogue on Bonus Accumulator.
If you do not have Bonus Accumulator membership, you can join here or simply google the slot (though be aware that information may not be 100% accurate).
Are low-risk casino offers profitable?
Low-risk casino offers are very profitable. You can usually expect to make £1 per offer (although this varies). They are profitable because you can let the slot run in the background while you are doing something else. Hence, they are low effort.
One offer will not make you rich (unless you are super super lucky) but the secret is that you can complete a lot of them. You can even let two slots run at the same time, on different devices.
Additionally, low-risk casino offers give you the chance of winning big. You could potentially win a jackpot, although this is highly unlikely. Think of low-risk casino offers as lottery tickets, except you will make money from them.
Note that for low-risk casino offers to be profitable, you can never stake more than the minimum requirement and should stop once an offer is completed. Everything else would be gambling.
How to find low-risk casino offers
You can find low-risk casino offers in Profit Accumulator‘s daily offer list. Some offers may appear to be profitable but are EV negative. This is why it is important to check whether an offer is on the daily offer list beforehand.
Profit Accumulator is a paid matched betting service. However, the membership will pay for itself as you will save time by not having to search for offers and you can always be sure that the offers are profitable.
Again, if you are not into matched betting, Bonus Accumulator is for you as it solely focussed on casino offers. Additionally, you may also want a Bonus Accumulator membership if you want to do more offers than you can find on Profit Accumulator or any other matched betting service. This is because Bonus Accumulator has the most comprehensive list of low-risk casino offers.
What are high-risk casino offers?
High-risk casino offers are the kind of offer where you either lose everything or you win big. More often than not, you can expect to lose all your money. However, when you win, the money you gain will make up for your losses.
By their nature, high-risk casino offers are similar to low-risk casino offers. Distinguishing them can therefore be difficult for beginners. However, there are a few differences:
- High-risk casino offers generally have high staking requirements (wager £100+)
- Slots used for high-risk casino offers have high variance (it is hard to win, many dead spins)
- Free spins or bonuses have high wagering requirements (x10 and above)
Are high-risk casino offers profitable?
High-risk casino offers are the most profitable casino offers. You can expect to make around £10 per offer. However, the issue is that you are likely to lose money, and depending on variance, it can take a long time to make a profit.
This is why you should stay away from high-risk offers until you have a large bankroll and feel comfortable with the risk. Even then, I recommend limiting the amount of high-risk casino offers you attempt.
How to find high-risk casino offers
For high-risk casino offers, you absolutely need to have a Bonus Accumulator membership. I do not recommend trying high-risk casino offers by yourself, without guidance from Bonus Accumulator. This is because many high-risk casino offers are EV negative. And with those that have a profitable EV, one mistake can cost you a lot.
Many casino services, for example Team Casino, do not list high-risk casino offers. This is similar to matched betting services, which will generally only list a few. And there is a reason for this. High-risk casino offers are not something beginners should try to do.
Plus, the majority of people will lose money when attempting a high-risk casino offer. Many users will then blame the matched betting or casino website because they do not understand the inherent risk. Of course, this does not mean that high-risk casino offers are not worth your time. The players that win, win enough money to cover their losses and make a profit.
You can also search for offers yourself and use a free EV calculator. However, I only recommend this if you are already very experienced with this kind of offer type.
While the different types of casino offers may seem similar at first, there are key differences between them. As you increase the risk, the EV also increases. It is a relationship that is also seen in other areas, for example, in investing.
When completing casino offers, no matter of their risk, it is important to never stake more than the minimum amount or continue playing a slot after an offer has finished. While there may be short-term gains with gambling, in the long-term, you will lose money this way.
If you ever feel like you are losing control, casino offers may not be right for you. But fear not, there is an abundance of other ways to make money.
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