With the emergence of online sports betting, thanks to 2018's PAPSA repeal which saw sports betting flourish across the US, many casinos have taken the opportunity to enter the digital world. Most of the online sportsbook operators you’re already familiar with also host well-known online casino games.
Over the last few years, online casinos have become a popular way for people to try their hand against Lady Luck, herself. But what if we told you that there's a way to play the House at its own game, give yourself the edge and actually win money?
In this article, we'll look at how the concept of online casino matched betting works and how its risk-free nature sets it apart from standard online casino gambling. As well as covering the basics, we'll also explore some benefits, potential risks, strategies and top tips for successful online casino matched betting.
Rather than being a concept on its own, ‘online casino matched betting’ is better thought of as the application of matched betting process to online casinos. Let’s take a quick look at what that means…
Matched betting is a simple method used to capitalize on the new customer offers and ongoing promotions offered by online sportsbooks. Unlike traditional betting, where success is uncertain, matched betting guarantees profits by covering all possible outcomes of an event. As a result, matched betting is not actually classed as gambling.
So how can this approach be applied to online casinos? And is it a worthwhile side hustle to pursue?
Just like in sports betting, online casinos also give out promotional offers such as free spins or a deposit bonus. They do this to attract new customers and encourage return visits.
These offers can be utilized alongside other strategies to maximize profits. However, it’s not a case of using free bets in conjunction with placing multiple bets as in matched betting.
When doing online casino matched betting, you need to think about making a profit in the long term; not just day-to-day or offer-by-offer. Why? Because online casino games are designed so that the casino - otherwise known as “The House” - always wins. All casino games and slots are weighted in the house’s favor.
However, the player can take that edge from the house by using the promotional offers provided by the casinos. By only completing the offers where you have the edge, you can make money in the same way the casinos do.
Just like online sports betting, online casinos are legal in states where online gambling legislation has been passed. This means that operators and activities are legal and regulated. For an up-to-date list of states where online casino matched betting is legal, click the link.
Some online casinos might not like you using their bonus bets and promotional offers in this way, but that’s just because they don’t like not having the ‘edge’ over players. It is not illegal, at all, to do online casino matched betting.
It’s a good idea to make sure you understand the laws and regulations in your state before engaging in online casino matched betting.
Note: You do not need to be a resident of a state to claim online casino promotions, out-of-state betting is on the rise and its completely legal! Sportsbooks and online casinos use technology to track your location, so as long as you are within the borders of a state where online casinos are legal, you can take part in their offers.
We've only touched on the basics of online casino matched betting and have already seen lots of casino-centric terms. This could be a bit overwhelming if you’ve never used a casino before.
With that in mind, it feels like a good time to take a quick look at some more online casino terminology.
The "house edge" is a built-in advantage that the casino has over the players. It's a mathematical concept that represents the difference between the real, fair chances of winning a game and the chances that the casino offers to players. It is usually shown as a percentage and is determined by the rules and payouts of the individual game.
In simpler terms, no matter which game you play in a casino, the casino has better odds of making money than you do. This is because all casino games are designed in a way that favors the casino, reducing your chances of winning and the amount you can win. It's how casinos make their profit.
In traditional gambling, the player never has an edge and the house will always win over time. The player's edge comes from using the promotional offers provided by online casinos. These offers are designed to entice players to start gambling and they sometimes hand the edge to the player.
By only completing offers where you have the edge, you can make money in the same way the casinos do. The amount of money you can expect to make on each offer is known as Expected Value…
Instead, you need to focus on the Expected Value (EV) of casino matched betting. This is how you’ll maximize your online casino profits. EV is a long-term average value and is calculated like this:
| Wager multiplied by the House Edge for a particular casino game. |
There may be times when you feel like you just can’t win. This is when it is very important to trust the long-term value of offers and turn your daily or weekly targets into long-term goals. For example, it might not be possible to earn $20 in profit each day.
Instead, aim for a total of $1500 +EV in the next ten weeks, which is roughly $21 +EV per day. That way, you can anticipate both successful and unsuccessful days, but it won't bother you since you'll be striving for a long-term objective, and your profit chart will display a gradual rise in earnings over time. Ultimately, your average daily profit should approach your daily EV.
Return to Player (RTP) is a term used in online casinos to describe the average amount of money you can expect to get back from a casino game over time. For example, if a game has an RTP of 96%, it means that, on average, a player can expect to win back $96 for every $100 that they wager.
By using the highest RTP games, you can maximize your EV and achieve long-term profits. Always follow the +EV strategy (minimum stakes and maximum lines) for optimal results.
Variance can be thought of as how often a game pays out. It is important to be aware of this because if you use high variance games all the time, you might be more likely to encounter a long losing streak before you start to see your expected value.
A low variance slot will pay out little and often meaning you stay closer to the RTP even after only a few spins. If you have a limited bank available, stick to low variance games to make sure that you make slow and steady profits.
A high variance slot will pay out higher amounts but much less often meaning it may take many more spins to get the expected return.
In the interests of balance, it's important to note that while online casino matched betting has its benefits, it also comes with a few potential risks.
Like any investment or betting activity, there are things to be aware of when online casino matched betting. However, if you take a few moments to familiarize yourself with the potential pitfalls, you can avoid them. Also, use reputable resources and communities where experienced matched bettors share their knowledge and insights.
But you don’t have to do all of the above on your own. There is support, software, and training available, which we'll get to shortly.
A range of matched betting strategies and tips apply for matched betting on sports, but when it comes to casino matched betting, it's there are some differences.
In this section, we’ll cover some key tips, techniques and approaches to mindset that can give you the edge.
As well as being America’s favorite matched betting service, ProfitDuel can also support your online casino matched betting side hustle.
ProfitDuel finds all the best offers that give the player a positive EV and posts them directly to both your dashboard and our offer listings pages. As well as reviews, each offer comes with a strategy guide which tells you the best way to approach the offer, the best slots to use and exactly what to do to profit.
As well as the offers you find on ProfitDuel, you might also receive exclusive promotions directly from the casinos you are signed up for. These are often referred to as “Invite Only” offers.
It is important to remember that these offers may or may not have a positive expected value. When you receive one of these offers you can use the tools and knowledge available on this site to calculate whether or not you should complete the offer.
As well as the software, offer guides and information available on ProfitDuel, you can also message our support team for help and advice. Members can also join our fantastic online community on our ProfitDuel Discord server.
The best part? We're offering new members ProfitDuel Premium for half the price in their first month. So give us a try and see how much risk-free cash you could earn.
In summary, online casino matched betting offers a strategic approach to capitalize on promotional offers provided by online casinos.
By applying matched betting methods, you can gain an edge and turn the odds in your favor, all while avoiding the uncertainties of traditional gambling. Understanding casino terminology, focusing on expected value, and implementing sound strategies are crucial for long-term success.
A service like ProfitDuel can also play a key role in determining your side hustle success by curating low-risk offers, providing strategy guides and offering support. Save time and effort while maximizing your profits.