Make Money From Casino Bonuses 2023 – £20,478 In Profit Made From This Strategy

Make money from casino bonuses – the strategy that made me £20,887

First of all you need to understand that casino games are there to make the house money.

Plain and simple.

The only way to make money from a casino game is to find an edge and exploit that edge for as much money as possible, before it disappears.

In this article I am going to explain the edge that I use to consistently make money from casino offers.

How To Make Money From Casino Bonuses

First off lets just quickly go over how casinos make money.

Make Money From Casino Bonuses – The Houses Edge

As stated earlier the majority of casino games are unbeatable.

Casino games have been developed solely to make the casino money.

In the short term you might get lucky however over the long run the casino is going to make a guaranteed profit.

The exception to this rule would be poker where the casino takes a percentage of the winners pot.

In poker, casino customers play against each other and professional poker has been a profession for a very long time.

Notable poker names such as Daniel Cates, Phil Ivey, Doug Polk and many more have proven that there is a lot of money to be made in the world of poker.

The other notable exception is blackjack.

Edward Thorp

Card Counting

Edward Thorp an American mathematics professor pioneered the technique of card counting which is still used today in certain casinos. 

Thorp’s book “Beat The Dealer -a winning strategy for the game of Twenty One” revolutionised advantage gambling. 

The book showed a method which was mathematically proven to flip the edge from house to the player.

In this article we are going to focus on online casinos. The principle is exactly the same however it will involve using a different method to flip the odds in our favour.

Exploiting casino bonus offers along with cashback offers is a very simple and also proven method of making profit from online casinos.

Make Money From Casino Bonuses Online – What is EV?

There is a term in advantage gambling called EV.

This stands for expected value and it is used to calculate the expected profit from performing an action over the long term.

Perhaps the best way to explain this is with a coin flip example.

Coin flip EV

Okay so lets say we have a scenario where you have a friend that believes tails is luckier then heads.

They believe this so strongly that they are willing to pay you £11 every time it lands on heads. Whilst you have to only pay them £10 every time it lands on tails.

This gives you a mathematical advantage and long term this is called plus EV or positive expected value.

Choose Heads and get odds of 2.1  (real probability is 50% so odds should be 2.0)

Choose Tails and get odds of 2.0 (This is the true value of a coin landing on tails.)

If you flipped the coin several hundred times then there would a strong statistical probability that you would win money.

Make Money From Casino Bonuses Online – Flipping The Edge In Your Favour

So now lets take a look at a real example of where we can get value from a casino.

In this example I am going to use a cashback offer. This offer gave me 10% cashback on losses up to £20 on any casino games that I played that day.

This is a really good offer we you can get a good return for your money in very little time.

Make money from casino bonuses


For an offer like this my personal choice is always to play blackjack.

This keeps the variance lower then other methods and playing optimal blackjack strategy means that the house has a very low house edge.

Playing optimal blackjack strategy with this casino gives a return to player of around 99.5%.

This means that for every £100 staked we can expect to lose only 50p per hand in the long run.

Although the distribution of results will be random. Meaning that there could be long winning or losing streaks at times.

In the long run we can expect to make a profit from this offer.

Optimal Blackjack Strategy
Optimal Blackjack Strategy

Exploiting The Offer

So the offer is 20% cashback on losses up to £200.

I play optimal blackjack strategy with the aim of doubling my money or losing it all.

If I win a profit of £200 is made.

If I lose a loss  -£180 is made.

To work out the long term value of this offer we have to deduct the house edge from the amount we stake.

In this case we deduct £1 which is 0.5% of the £200 stake that is used.

Then divide it by 2 as roughly half the time we will win (no cashback) and half the time we will lose (cashback awarded.)

£200 – 1 = £19 divided by 2 = £9.50.

In the long run we can expect to make £9.50 on average from this offer.

This offer will take less then 5 minutes to do, so the return for the time spent is very good.

Staking And Risk Management For Casino Offers

One thing that is really important to remember when exploiting casino bonuses and cashback is that you will have losing runs.

Due to this you need to have a set bankroll and accept that you won’t always win.

There are different staking strategies available such as the Kelly Criterion (which suggests altering your staking depending on the size of your expected value.)

However you might just want to keep things simple and never risk more then 2-3% of your total bankroll on an offer.

This will allow you to endure losing periods.

The importance of volume

Just as an example of why it is important to put a lot of volume into plus EV casino offers and not look at things short term.

Here are my results over the last 4285 offers.

Looking at the long term graph you can see that a good profit has been made and the graph curve has generally gone upwards.

However if you look right at the start, you will see that initially I was losing money after the first 70 offers.

There has also been long losing or break even periods at times however in the long run it has been profitable. 

make money from casino bonuses graph

Make Money From Casino Bonuses – Step By Step Guide To Make £30 EV In 15 Minutes

Probably the best entry to advantage gambling is with low risk offers, cashback offers and free spins.

Many bookmakers and casinos offer daily free spin offers. These offers generally have a low EV of £0.5-£1 however there are lots of these offers everyday.

It can be a good way of building up your initial bankroll and also gaining faith in the mathematics behind advantage gambling.

Whilst also getting used to the variance of results.

Mega Casino Offer

Cashback Offer Guide

One of the best low risk offers available at the moment would be the one above.

This is from the Topcashback site and is a very easy way to make £15 profit.

Here is a step by step guide on how to do this offer.

1. Sign up to top cashback using this link (Referral link – This is a free account and costs nothing to sign up, Using this link you will receive £10 in additional cashback.)

2. Search Megacasino and sign up – Do not accept any welcome offer this disqualifies you from getting the cashback.

2. Deposit £20 into Megacasino – Deposits below £20 will not qualify for cashback.

3. Play through £20 on blackjack using optimal strategy – here is a guide for optimal blackjack

4. Withdraw your money and wait for you cashback to be credited

Breakdown Of  The Offer

Wager £20 on blackjack 99.5% rtp = -£0.10 (On average you will lose an estimated £0.10 long term from wagering)

Get £15.75 Cashback, -£0.10 for wagering

Overall profit = £15.65

The expected value of this offer is just over £15 and would take you no more then 5 – 10 minutes to do.

Want Another Easy Offer?

This is another very easy way of making £15, using the same strategy as the offer above.

1. Sign up to top cashback using this link (This is a free account and costs nothing to sign up.)

2. Search Tombola and sign up

2. Deposit £10 into Tombola – Deposits below £10 will not qualify for cashback.

3. Play through £10 on Tombola Roulette

4. Withdraw your money and wait for your cashback to be credited

Breakdown Of Offer

Wager £10 on roulette 97% rtp = -£0.30 (On average you will lose an estimated £0.30 long term from wagering)

Get £15.38 Cashback – -£0.30 for wagering

Expected Value = £15.08

These two offers are well worth taking 15 minutes out of the day to do. Cashback offers are normally only available for a limited amount of time.

Poker Stars Casino Cashback Offer 

This is a great value offer worth over £50.

1. Sign up to top cashback using this link if you haven’t already (This is a free account and costs nothing to sign up.)

2. Search for Pokerstars Casino offer and sign up

2. Deposit £25 into Pokerstars Casino

3. Play through £25 on Live Blackjack – here is a guide for optimal blackjack strategy

4. Withdraw your money and wait for your cashback to be credited

Breakdown Of  The Offer

Wager £25 on blackjack 99.5% rtp = -£0.13 (On average you will lose an estimated £0.13 long term from wagering)

Get £55 Cashback – -£0.13 For wagering

Expected Value = £54.87

Ladbrokes And Coral Cashback Offer

Picture had to be edited due to copyright complaint.



You can take exactly the same approach with Ladbrokes and Coral using blackjack.

Breakdown Of  The Offer

Wager £10 on blackjack 99.5% rtp = -£0.05 (On average you will lose an estimated £0.15 long term from wagering)

Get £52.50 Cashback – -£0.05 For wagering

Expected Value = £52.45

Bonus Kings Cashback Offer

Below is a video discussing how to complete this offer.

Again the value is very high on this offer at over £50.

Bonus Kings Cashback


Make Money From Casino Bonuses Online – High Risk Offers

Moving on to high risk offers.

High risk casino bonus offers are not for the faint of heart and it is not something I would advise people to jump into straight away.

When doing high risk offers you can have losing runs that will see you down thousands if things go against you.

My own online casino results are a mixture of low risk and high risk casino offers.

However I only did high risk casino offers once I had already built up a bankroll doing lower risk offers and also using matched betting.

make money from casino bonuses high risk

Here is an example of a high risk offer.

Deposit £100 get a £100 bonus which must be wagered 40x (£4000) and wagering on blackjack does not count.

Whilst this offer is still plus EV and worth doing in the long run.

It is higher variance as we can’t use blackjack and have to use a high return to player slot.

The long term EV of this offer however is around £25.

Huge Casino Win

Having done thousands of casino offers I have had some big wins but also been through some long losing runs.

In the long run with a disciplined well managed approach there is still good money to be made from high risk casino offers.


Is This Like Matched Betting?

Exploiting casino bonuses is similar to matched betting in that it is betting with a proven mathematical advantage.

However you will not make money on every single offer, in my opinion it is more comparable to value betting.

To succeed in the long term, you need a disciplined approach.

The big advantage this has over matched betting is that the EV is currently a lot higher on average per offer.

Along with the fact that there are not as many people exploiting casino offers due to the variance involved.

Where Can I Find Offers And Learn More?

If you want to find casino bonuses you can use a site such as

Read through the terms and conditions of the bonuses to try and find some plus EV opportunities.

I still do this from time to time if a new casino emerges and the services I use don’t cover it.

The other option which is the option I use and is also how I learnt to exploit casino bonuses in the most optimal way possible.

Is to use a service such as Oddsmonkey (suited for low risk casino offers) or if you really want to delve deep into exploiting casino offers Profit Maximiser (Suited for all levels of exploiting casino offers).

The picture shows the type of breakdown Profit Maximiser will give you when looking at exploiting bonus offers.

Detailing everything from stake sizing, the optimal slots to use, estimated value of the offer and also the % of you losing your entire stake on that offer.

This service was a game changer for me and allowed me to make over £20,000 in profit from exploiting casino offers.

Make Money From Casino Bonuses – Conclusion

Making money from casino bonuses is still very possible in 2022.

The returns on your money for the time spent doing them can be excellent.

If you have the right mentality and approach then this is still a very valid way of making money online.

Click Here For My Number 1 Recommendation For Casino Offers (The Service Also Covers Matched Betting, Value Betting And Bingo Offers)


(This article features affiliate links. This means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I use or have used any product I review. If I recommend them it is because I believe they are helpful, useful and offer value to their customers. Please do not spend any money on these products unless you feel they will give you value or that they will help you achieve your goals.)

Make Money From Casino Bonuses - Strategy That Made Me £20,478
Article Name
Make Money From Casino Bonuses - Strategy That Made Me £20,478
Learn how to make money from exploiting casino bonuses. Make money from casino offers and flip the odds in your favour.
Publisher Name
Smart Sports Trader
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15 thoughts on “Make Money From Casino Bonuses 2023 – £20,478 In Profit Made From This Strategy”

  1. Hi

    Nice article, however I have a question. You mentioned about high risk casino offers, like “Deposit £100 Get £100 with 40X wagering. So if you lost your deposit of £100, do you keep top in up until you wager 40X or you stop doing offer after loosing initial £100.

    • Thanks Ged

      The majority of offers give you the money after you have deposited so there is no reason to deposit any extra after you lose your initial stake. You then move onto using your bonus money.

  2. Interesting matches betting offers seem to have dried up seems like this is the way forward. How many offers do you get through a day?

    • Subscribing to a service does help. You can do it all manually but would take a lot longer to work it all out.

  3. Just doing pink casino on top cashback.. deposited 30quid…need to wager this 30times which is about1005quid before bonus is matched and I get free spins and I also think the topcashback is credited. Ive bust out at 115quid…do I need to deposit more to get to the 1005quid to get bonus, spins and to topcashback…feel like I could lose quite a bit. Thanks for advice as the 50quid from you tube vid was easy!

    • Hi Stephen

      The topcashback offer only needed to be wagered once.
      I did this offer for a friend last week. You would have been better just doing that and not taking the bonus.
      All the offers on top cash back only require you to wager the deposit once, which is why they are great value.
      I would leave the wagering offer alone as like you say you could end up losing quite a bit on this.

  4. Hi.

    I really implore that you remove all mentions of casino offers. As you know, the nature of making money in the matched betting for casino offers is that you win money on some slots and lose money on others, and it all averages out. It’s incredibly hard for some gamblers, like myself, to accept losing money, though. I was doing great in life before I discovered these casino offers, now I’ve lost 30k and I’m unhappy and alienated from my family. This doesn’t happen with sports matched betting, which is fine, but casino matched betting is extremely dangerous, and shouldn’t be advertised in my opinion.It’s also extremely time consuming since they removed the autospin option, I worked out that when I did it properly, it was only worth just over £5 an hour.



    • Sorry to hear that.
      Unfortunately with all forms of gambling they will be some people that struggle with addiction.

      This site aims to show people that with the right approach it is possible to make a profit. Casino offers are still profitable with the right approach but perhaps I need to add some extra information on the addictive nature of these games.


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