Since everyone else seems to be suggesting tips to make money here I thought I'd give my contribution. Please note that I don't work for any of these and I'm not trying to promote any of these links. This is merely to help some of the low stakes donks like myself make a little extra cash. Also... I'm not sure which of these casinos allow customers from the US. Being from the UK myself I never have to worry about any of that - it's as easy as deposit with bank card and withdraw with bankcard.
Casino blackjack bonuses
I have made over £500 from doing this (about $950) over the past couple of months. Basically - most online casinos will offer you a bonus for signing up at their site, but this bonus cannot be withdrawn until you have wagered a specific total amount. However, by playing blackjack where the casino has a very small edge you can win money from this. I'll start off with an example from
William Hill casino. They offer a 100% signup bonus and require that you wager a total of 25 times the bonus that you get before you withdraw it. This is up to a maximum of a £50 bonus. So - deposit £50, get the £50 bonus then wager a total of (25 x 50 =) £1250 before you can withdraw. This seems like a lot but it really doesn't take that long. Just place £1 bets over and over again until you reach the required total. It is very unlikely that you will lose the entire £50 that you have deposited over this many hands (in fact I won about £25 just from the blackjack here, so along with the £50 bonus I made £75 from this site). One good thing about william hill that you don't seem to get with any other online casinos is that it is totally risk free since it gives you the bonus upfront. This means that you actually have £100 to gamble with, and if this gets down to £50 then you can just withdraw this amount and you haven't lost anything. They also offer a monthly £25 bonus with a wager requirement of £500 (also risk free).
Obviously you should always follow
basic strategy charts to ensure you are getting the maximum payoff. The rules vary from site to site so make sure you are using the correct chart.
Casino's that I'd recommend for these blackjack bonuses are:
William Hill - £50 bonus, £1250 wager requirement (risk free). Monthly bonus of £25, £500 wager requirement (risk free).
VCCasino - £50 bonus, £500 wager requirement
Ladbrokes - £50 bonus, £400 wager requirement, minimum bet is £5.
Littlewoods - £50 bonus, £1250 wager requirement. Monthly £25 bonus, £625 wager requirement.
Red Lounge - £50 bonus, £2000 wager requirement.
Bet365 - £100 bonus, £2400 wager requirement
Sportsbook Bonuses
I've made about £100 ($190) from these so far.
The advantages of these are that they are 100% risk free and you know exactly how much money you are going to make before the result comes through. First - you need to understand what "laying a bet" is. I assume everyone is familiar with backing bets on sporting events, well laying a bet simply means betting on an event
not happening. For example if Arsenal are playing Chelsea - if you want to back a bet on Arsenal winning then you make money if Arsenal do win. If you want to lay the result of Arsenal winning then you get paid if Arsenal
do not win (e.g., Chelsea win or it is a draw).
The way you make money from this is to sign up for
BetFair - this is a site that allows you to lay bets. Deposit about £100 into your account. Now, sign up for
BetFred and deposit £25. Set your odds to be displayed in decimal form on both sites. If you are not familiar with decimal odds, here is a brief introduction:
I'm guessing most Europeans are familiar with fractional odds and most American are familiar with those weird ass American odds. Well decimal odds are probably simpler than either of these. For example, if an event has decimal odds of 3.5 then it means that if you place a £1 bet on the event and it wins then you will get £3.50 back. Or if you place a £5 bet on then you will get (3.5 x 5 =) £17.50 back. Simple as that...
Anyway, I've always done all of these bets on football (soccer) but you can really do it on any event you want - all that matters is how the odds to back the bet at betfred (or whatever sportsbook you are using) compare to the odds of laying the bet at betfair. You want the number at betfair (for laying the bet) to be as low as possible (in comparison to the sportsbook odds). Every so often, if you search for long enough you will find an event where you actually get lower odds at betfair than the sportsbook - if this is the case then you should always take this bet as you are guaranteed to make money. But if you can't find one of these then just try and find another one where the odds are close. Note that for betfred the odds must be at least 2.0 to qualify for the free bet.
Use
this site (matched betting calculator) to calculate how much you need to lay the bet for at the betting exchange. Make sure you set the "Lay Comission" as 5% and select "Qualifier bet" from the buttons.
This will also tell you your "liability", you need to have this much in your account to be able to lay the bet as this is how much you may lose on this bet (but don't worry, because you will make it back on the other site). At the bottom it will tell you what percentage of your money you will get back. Ideally you want this to be as close to 100% as possible, but anything over about 92% is excellent.
Here is an example to let you see what you are looking for.
Arsenal winning:
Odds at betfred 2.5
Lay odds at Betfair: 2.6
Draw:
Odds at betfred: 3.25.
Lay odds at Betfair: 3.5
Chelsea winning:
Odds at betfred 1.75
Lay odds at betfair 1.75
At first it seems like betting on Chelsea winning is the best event to bet on, but the odds are not above 2.0 so you do not qualify for the free bet. So we need to look at Arsenal winning. So type in the following details into the
matched betting calculator:
Back stake: £25
Back odds: 2.5
Back commission: 0
Lay odds: 2.6
Lay commission: 5
Select qualifying bet and click calculate.
You get a payout of 93.14% which is pretty good.
Now type in the details for the draw:
Back stake: £25
Back odds: 3.25
Back commission: 0
Lay odds: 3.5
Lay commission: 5
This gives a payout of 89.49%
So you clearly want to bet on Arsenal winning as it has the higher payout.
The figures you need to look at are the liability which is £63.73 - so you need to have this much in your betfair account. And also the lay stake which is £24.51 this is how much you have to lay the bet for at befair.
So now the possible results are:
* Arsenal win - you get a payout of (2.5 x 25 =) £62.50 at the sportsbook and you lose (2.6 x 24.51 =) £63.73 at betfair.
* Arsenal don't win - you lose your £25 bet at the sportsbook but you win (0.95 (because ofthe 5% commission) x £24.51 =) £23.28 at betfair so the results always balance each other out.
When you have finally found a bet which has a sufficient percentage payout then back the bet on the sportsbook for £25 and lay the bet on betfair for whatever amount the matched betting calculator tells you to. It will also tell you how much you are going to lose on this bet. This will be a small amount, less than a couple of pounds.
After you have placed this bet, betfred will award you a free bet worth £25. Now you simply want to do exactly the same thing with this bet except you select "Free bet, stake not returned" button on the matched betting calculator. You want the odds to be high for the free bet as the stake is not returned. But you still want the betfair odds to be as low as possible. However, since the odds will be higher, you liability will be higher for the bet, meaning you may need more money in your betfair account. Your payout percentage will not be as high for your free bet as the stake is not returned, but you should still be able to get about 85%.
Hope you understand all of this, it can be a little confusing at first and I've probably not explained it perfectly.
Here are a list of bookies that offer bonuses:
Betfred - £25 free bet - stake not returned
Sportingodds - 3 x £10 free bet - stake returned
Coral - £10 free bet - stake returned
BLACKHOLEBONUS has a full list of casinos and sports betting sites to do.
Hope you find this useful and make some decent money off it.
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25 Jul 2008 - 16:06
