I've been studying the many ways one can make money online for many years now.
While you can find plenty of information about the same old boring topics everywhere you look, there are very few articles that show you how to make money sexually online.
As I'm sure you know already, there are many who are just now learning about this and the online-sex industry seems like it's about to blow up.
If you'd like to make money doing adult work, this course here shares 100+ methods that can potentially earn you an extra $1000, $2000, $5000 and even $10,000 per month doing online sex work.
The amount of money they are going to make depends on the number of bets, the money they are risking per bet and their edge. Edge is hard to be found in the beginning and can be more accurately calculated later on while betting. Play easy money games from different online sites. Making money can now be so much fun when you can take the help of online gaming sites without downloading an app on your smartphone. Explore the below-mentioned sites that you can play in return to cash: 1. WEALTH WORDS Source: Google Images. Love playing brain games like trivia, scrabble. Gambling is a tough way to make money, but you can make money instantly if you are good. List of the Richest Gamblers in the World Here, you'll find a rundown of some of the most successful players at the tables, and you might get some top tips that will help you to improve your game. I'm not in debt and I have a 100k of liquid cash savings—but as much as I want to believe I can make money gambling sports—I can't prevent going on tilt and I think that I'm more.
In this article, I will be sharing with you 7 'dirty' and kinky ways to earn money, these are:
- Camming
- Selling Nudes
- Home-Made Videos
- Sexting & Flirting Online
- Selling Your Bathwater
- Selling Your Used Underwear
- Becoming A Sugar Baby
While these methods may not be for everyone (especially if you're under 18) there are some amazing money-making opportunities here which you need to know about.
So, if you find this type of online work interesting and you want to start earning some fast money, be sure to read this guide (and the instructions) very carefully.
If you'd like to make money doing adult work, this course here shares 100+ methods that can potentially earn you an extra $1000, $2000, $5000 and even $10,000 per month doing online sex work.
Make Money Camming
Camming is the first one I'll mention because out of all the methods I will share with you below, it's the highest paid endeavor you can choose – although the one that 'exposes' you the most.
Camming is the business where you live stream online (this can either mean fully naked or scantily dress) and people who tune in to watch you either have to pay our right or, they leave you tips.
It is estimated that the highest-paid cam girls earn a whopping million dollars a year (yes – you read that right) but of course this also includes the additional work and exposure that comes through camming.
The 'average' income of any camgirl is around $30,000 a year, with some even earning $10,000 a month.
This is not too shabby considering you will be 'doing nothing' for an hour a day from your bed.
You're your own boss, you make the rules, you only 'perform' what you are comfortable with and some cam girls even get away with not showing their face online (which is great).
If you'd like to know more about camming, you can see my camming-guide here or you can also check out this in-depth article on how to make $10,000 a month as a cam girl.
Selling Your Nudes
A fan of sending nudes? Well, you might as well start getting paid for it.
Although I don't quite understand why anyone will pay to receive nudes when the internet is already filled with nude pictures, it is a thing and online sex workers are making an absolute killing sending out nudes to those who are willing to pay.
Again, I will refer you to a much more in-depth guide about selling nudes here.
Selling Your Home-Made Videos
This is another major earner for many – many – women (and men) online.
It basically involves setting up an account on a platform like ManyVids and people will pay you a monthly subscription fee to receive your 'daily videos'.
Subscriptions typically go for $10 to $15 per month, and you can quite easily get 500 people to subscribe to you (if you actively promote yourself and your videos).
This means you can be potentially be earning $5000+ online with very minimal effort (and clothing).
Sexting (& Flirting) With Strangers
This is slightly bit more 'conservative' because you are not required to show your face (although it does pay better).
All you need to do to start sexting for money is to set up an account with a marketplace that allows such a thing – you can check out Arousr.
You will have an endless supply of customers more than willing to pay you $0.20 per text and $0.70 per minute video chat – which is quite the salary.
You can learn more about how to make money sexting here.
Selling Your Bathwater (Or Anything Else)
This is a weird one, yes but as I'm sure you've heard, some Instagram model/gamer girl has just sold over $30,000 of her bathwater to men all around the world.
It's crazy and weird for sure (arguably not even sexual) but what we do know is that it is highly profitable and with very little expenses.
If you'd like to learn how to make money selling your bathwater – click here.
Selling Your Underwear
Hmm…this is an interesting fetish and a damn weird business but yes, you can start selling your used underwear online to men who are into that sort of thing.
What's even more shocking about this is that the dirtier the underwear are, the more customers are willing to pay for it.
Some models even price their garments by 'days worn', for example;
- one day is X price,
- one week is XXX price.
How crazy is that!?
There's also a verified (thriving) marketplace for this called Snifffr.com If you'd like to learn more about it, you can see my Snifffr review here.
Become A Sugar Baby
Last but not least, we have the Sugar Babby / Sugar Daddy phenomenon that is sweeping the planet.
Basically, rich men from all over the world willing to become your sponsor sending you money each and every month to be their 'Sugar Baby', in exchange for some (sexual) favors – or not.
If you want to learn more about sugar-dating, you can see this guide here.
Things To Keep In Mind When Doing 'Online Sex Work'
Those were just some of the ways you can make money sexually online, and you can see an even bigger list here, however;
How To Make Money Gambling Online Reddit Sites
While this industry does pay well, there are a few things you have to keep in mind:
Never Reveal Your Identity:
Never, ever, ever use your real name, share your physical address and reveal where you work outside of the industry.
The world is filled with weird (and dangerous) people and you do not want some online stranger finding out about who you really are.
I've heard some horror stories about people being offered more money to reveal their true identity and it never ends well so never do it, even if they offer to pay more.
Know The Internet Never Forgets:
What you also have to keep in mind is that what goes on the internet, stays there forever.
People can screenshot, share it with their friends and upload it to other websites.
While there are some protective measures you can take, you can not stop it outright and yes – your work will eventually end up in places you do not want it to be (that's almost a guarantee).
You Have To be 18 or Older:
Do not consider doing any sort of the work mentioned above if you are not of legal age.
Adult websites ALL require you to show proof of your identification (as they should) so there's no getting around this.
If you are under 18 years, either wait it out or look for other ways to make money online (more on this later).
FAQ: Is This Just For (Hot) Women Only?
Contrary to popular belief, you do not have to be a hot/sexy woman to do this kind of 'sexual online work' – and you also don't have to be a woman.
Although smaller in size, men digital sex workers are on the rise and they can earn quite a comfortable income doing this.
If you are a man, what you need to know is that most of your customers will be male as well so you'll be operating in the gay niche for the most part.
If you don't mind that – then the world is for the taking. Some of the biggest gay adult-performers are also straight so I'm more than sure you can separate your sexuality from your job.
6 More Ways To Make Money Online (Not Related To Adult Industry)
Last but not least, I also want to share with you a few more ways to make money online without having to expose yourself in the sexual marketplace.
Here are some of my favorites which I've covered many times in the past:
Become An Instagram Influencer:
Although it's not as easy as many make it out to be, you can most definitely earn money as an Instagram influencer.
From sponsored posts to shoutouts and even modeling gigs, there are plenty of women (and men) who have made Instagram their full-time job.
Do Video Surveys
I recently came across a website called Mindswarms that pays you to submit video reviews and surveys of you using their customers' products (fully clothed of course).
It's a great way to make money online and they pay you up to $50 per video review you submit – not bad.
Sell Your Stuff Online
If you're desperate for some quick cash, look around you and see what things you do not need and that you can sell.
There are plenty of websites where you can sell your stuff online so just make a list of the things and start flogging them online.
Facebook Marketplace, Etsy, Craigslist, and others are a great way to get started.
Teach English Online For Money
Good with English? There are billions of people in the world that would like to learn it from you.
I have a list of the best online English teaching jobs here.
Look Into Starting An E-Com Store
If you want to take more of a business approach rather than just a job (which is what got me to earn money online in the first place), you can look into starting your own e-commerce brand.
With the dropshipping business model, you can get started with very little money and you do not even have to hold inventory – I highly recommend you learn more about it.
Start Your Own Website
The absolute best way that I have found to make money online is by building simple websites that go on to make me money – forever.
It's by far my biggest earner online and also something I recommend often to students as it's the best/easiest way to get started with your own online business.
Final Words
So there you have it, 7 easy yet dirty ways to make money online.
Of course, these methods are not for everyone (which is great as there's less competition for those that don't mind) but;
If you can get over the taboo nature of the industry, then there are plenty of ways readily available for you to start making money sexually online.
How To Make Money Gambling Online Reddit Websites
Every day I spend some time researching all the new 'make money opportunities' out there and making money within the 'digital sex industry' remains one of the easiest/most-profitable ones I have seen.
If you'd like to make money doing adult work, this course here shares 100+ methods that can potentially earn you an extra $1000, $2000, $5000 and even $10,000 per month doing online sex work.
Since 2011, I've been learning how to make money online with affiliate marketing. This website is where I share everything I know and all I will learn along until I reach my next income goal of $30,000 p/month.
You can see how I make money with my websites here.
Almost every online casino has some sort of welcome bonus to help try and persuade you to sign up and use their website rather than their competitors. With a little bit of thought and cleverness, we can take these new-player casino bonuses and convert them into withdrawable cash.
But before we delve into casino bonuses, let's talk about sportsbook bonuses. Making money from them is known as matched betting and is pretty easy and may be where you started off?
But right now because of the COVID-19 coronavirus most sports aren't running so there aren't that many matched betting offers available. But to try and keep customers casinos are offering better bonuses than normal. Now is a great time to try some casino bonus bagging – especially as we all need to make some more money!
Contents
Unlike Matched Betting, Casino Bonus Bagging Isn't Risk Free
Unlike matched betting, making money from casino bonuses is not risk-free. But that doesn't mean that they can't be profitable and worth doing.
We call this notion EV (expected value). By using maths we can work out how much money we will make on average from the bonus. So why is that not risk-free? Because of variance. Each time we make a slightly different amount, but over the long term it averages to the EV.
If you understand what I mean then feel free to skip straight to the how casino bonuses work section.
Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £17.99 a month service.
The Maths – How Casinos Make Money
Let's say that we are playing a game of flip the coin, and because we're fun people we're also betting on it.
If we bet £1 a throw.
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1 and I lose £1 if the coin comes up tails.
That is what we call a fair game.
There is risk – we could play 100 flips and I might lose money, or I might win money. But either way, it is just down to luck. Statistically, I am not more likely to win than to lose.
There is a 50% chance of me winning each throw, and a 50% chance of me losing each throw.
That is not what it is like in a casino. The casino has an edge.
Let's change the rules slightly:
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1.10 and I lose £1.10 if the coin comes up tails.
That is not a fair a game.
There is still risk – we could play 100 flips and I might make money. But I am more likely to lose.
On each coin toss I expect to lose 5p. We use this word 'expect' a lot when it comes to making money from casino bonuses. It means the average in the long-term.
Here is a very simple tree showing you how we worked out that expected loss of 5p.
(0.5 x £1) + (0.5 x -£1.10) = -£0.05
That number becomes what is called the house edge. For every £1 we bet we expect to lose 5p.
If we play 1,000 flips, I will have bet £1,000 and expect to lose £50 (1,000 x 5p).
The More We Play The Closer To Expected We Get
Now we get a bit more complicated. The longer I play, the more likely I am to lose money.
I am not going to explain the maths here (email me if you want to know), but over 1 coin flip my chance of walking away with a profit is 50%. The coin can either come up heads or tails.
Over 100 coin flips my chance of making a profit has dropped to 31.7%, that's almost a 1/3rd chance which still is quite high. I might decide that I'm feeling especially lucky and take that 1/3rd chance. But over 6,000 coin flips my chance of leaving with a profit drops only 1%.
That is how a casino makes money. If there are 60 people playing at your casino and each plays the coin flip game 100 times, then each person has a 31.7% chance of leaving with a profit. But as the casino is playing 6,000 total flips it only has a 1% chance of not making a profit overall. A pretty clever business model.
What Are The House Edges Of Different Casino Games?
Now you can't actually play our coin flip game in a casino so let's apply this concept to two real casino games.
Roulette. Is a very basic game which almost everyone understands.
There are 36 numbers not including the zero. Of those 36 – 18 are red and 18 are black. The number zero is not red or black. Each time the wheel spins there is an equal chance that the ball will land on any of the numbers 0 – 36.
If you bet on red and it comes up, you win your stake back. So a £1 bet would win £1.
There is an 18 out of 37 chance of a red colour coming up. That means that you have a 48.6% chance of winning, and a 51.4% chance of losing.
Let's draw that same tree we did earlier but this time for roulette:
(0.486 x £1) + (0.514 x -£1) = -£0.028
For ever £1 bet we expect to lose 2.8p. That's the house edge.
That's pretty low. But roulette is not the casino game with the lowest house edge. That award goes to….
Blackjack. Forget card counting or anything you've seen in the films, your basic blackjack is the casino game with the smallest house edge.
There are many different rule sets for blackjack, and the house edge depends both on those rules and also on how close to perfect strategy the player is playing. But most games of blackjack have a house edge of about 0.5p per £1 bet (0.5%).
Let's just think about that, 0.5%. That's so low! It's the equivalent of playing the coin flip game with the rules:
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1.01 and I lose £1.01 if the coin comes up tails.
If we played 1,000 hands of blackjack at £1 a bet, we would have staked £1,000 and expect to lose just £5.
How Casino Bonuses Work
Thank you for sitting through all of that. Now that the basics are out the way let's talk about the juicy stuff. How we can actually make some money from casino bonuses.
Just like with matched betting, most casinos offer new players an incentive to sign up and play at their casino.
Unfortunately, unlike with matched betting, there is no way we can hedge out our bets. But we can use this knowledge of the house edge to turn things in our favour. Provided the bonus is good, we can expect to make money.
Let's take a look at one bonus that is currently offered by William Hill on their live casino.
To get the bonus, we need to deposit £25 and then place a series of bets that total at least £200. When we have reached that target and we contact customer service, a bonus of £25 will be added which we are then free to withdraw along with whatever is left of our initial deposit.
How We Make Money From Casino Bonuses
£200 sounds like a lot, but after what we've learnt about house edges and blackjack it shouldn't sound so bad. Remember blackjack has a house edge of 0.5%.
Over £200 staked we expect to lose only £1. That means we expect to keep £24 of the bonus!
This is what we expect to happen.
- We deposit £25 into William Hill Live casino.
- We place 200 £1 bets. At the end, we have lost £1 and have £24 left.
- A £25 bonus is added to our balance.
- We withdraw our balance of £49 (£24+£25).
- We have made a profit of £24.
But, there is risk.
There is a chance we will lose more than just £1. There is even a chance of us losing more money than the bonus is worth. If we use up all of that £25 we would need to deposit more in order to finish the staking.
We won't go into the maths on variance. But understand this. Blackjack has a house edge of 0.5% and a standard deviation of 1.15.
That means that at a £1 bet size there is a 95% chance we will make somewhere between £7.75 and £40.25. But it also means there is a 7% chance of making a small loss.
That is the essence of making money from casino bonuses. You are simply moving the odds to your favour.
Websites like Oddsmonkey and Profit Accumulator (more on them later) have calculators for working out your variance and house edge from different casino games. They also have strategy calculators to help you play the games optimally.
Whew. So after all that explaining, the actual steps were very simple.
But we had to go into all that details because it will enable you to look at more advanced offers and take advantage of them as well. Every casino bonus has different terms and you need to be able to work out what strategy to follow to get the highest ‘expected profit' or ev from the bonus.
Which brings us on to the hardest part of making money from casino bonuses.
Where To Find The Best Casino Bonuses
You can only do that William Hill Live casino offer once, so to continue making money you need to find some more offers.
And the unfortunate truth is for more casino bonuses it is not profitable to make money from them. You need to find the diamonds in the rough.
You can do this in exactly the same way as you would when sports matched betting. And in fact, if you have done matched betting before you will probably already know the following two choices:
- Look through casino terms and conditions manually.
95% of people pay for a service. Compared to the EV you can make the services are cheap, they give you a curated list of offers to work through, and they point out any dangerous loopholes in the terms and conditions.
My two favourite paid for services for casino bonuses are:
- Profit Accumulator. Free for your first few bonuses, then £19.99 a month.
- Oddsmonkey. Free for your first few bonuses, £19.99 a month.
Nowadays they are both pretty similar with largely the same offers but different communities, website feel and customer service. They each have free accounts you can try out so I suggest signing up to both and then choosing which one you like the most.
Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £19.99 a month service.
There Are Lots Of Different Types Of Casino Bonuses
Wow what a beast of a post!
Let's just finish on saying that there are lots of different types of casino bonuses and all have slightly different best ways to exploit them.
By now you should understand the concept of expectedvalue and therefore making money from casino bonuses. You have a guide to tackle your first bonus and you have plenty of resources to help you research and find new offers. Good luck!
USEFUL LINKS
- More details on casino wagering requirements.
- My summer betting diary where I made £250 a week throughout the summer holidays.
FAQ
What happens if I lose all of the £25 before completing the wagering requirement??
This is a very real risk and is also the reason why there is a chance of losing a small amount of money while completing the wagering requirement.
What you need to do is to deposit more money and finish the betting.
I hear people talking about ‘sticky' bonuses or doubling up. What does that mean?
You should really join a forum and start asking people there. You are getting into some quite complicated areas with the potential to lose some large amounts of money if you make a mistake.
But in short: A sticky bonus is one that you can never withdraw. You can only withdraw the winnings. This means that the tactics we spoke about earlier don't work. Doubling up is a technique to make money from them. You basically bet the whole bonus on red on roulette. If the bet wins you withdraw the winnings. If you lose you've lost the bonus which you couldn't withdraw anyway.
What are the house odds of some other casino games?
- Baccarat – 1.06%
- 3-card Poker – 2.01%
- Craps – 0.34%
- French Roulette (you get 50% of your stake back if it lands on 0) – 1.35%
- American Roulette (two 0s) – 5.26%
- Slots – 3-10%. Average is about 5%.
Can I card count online blackjack?
No, you cannot. Card counting relies on the contents of the remaining cards changing as the rounds go on. In online blackjack the cards are shuffled every hand so the contents don't change. You can do it with live blackjack – but I believe they shuffle regularly to make it more difficult. I have never tried.
I have a question that is not answered here?
How To Make Money Gambling Online Reddit Games
Drop me an email at hello@sampriestley.com and I will do my best to get back to you.
How To Make Money Gambling Online Reddit Money
This is a weird one, yes but as I'm sure you've heard, some Instagram model/gamer girl has just sold over $30,000 of her bathwater to men all around the world.
It's crazy and weird for sure (arguably not even sexual) but what we do know is that it is highly profitable and with very little expenses.
If you'd like to learn how to make money selling your bathwater – click here.
Selling Your Underwear
Hmm…this is an interesting fetish and a damn weird business but yes, you can start selling your used underwear online to men who are into that sort of thing.
What's even more shocking about this is that the dirtier the underwear are, the more customers are willing to pay for it.
Some models even price their garments by 'days worn', for example;
- one day is X price,
- one week is XXX price.
How crazy is that!?
There's also a verified (thriving) marketplace for this called Snifffr.com If you'd like to learn more about it, you can see my Snifffr review here.
Become A Sugar Baby
Last but not least, we have the Sugar Babby / Sugar Daddy phenomenon that is sweeping the planet.
Basically, rich men from all over the world willing to become your sponsor sending you money each and every month to be their 'Sugar Baby', in exchange for some (sexual) favors – or not.
If you want to learn more about sugar-dating, you can see this guide here.
Things To Keep In Mind When Doing 'Online Sex Work'
Those were just some of the ways you can make money sexually online, and you can see an even bigger list here, however;
How To Make Money Gambling Online Reddit Sites
While this industry does pay well, there are a few things you have to keep in mind:
Never Reveal Your Identity:
Never, ever, ever use your real name, share your physical address and reveal where you work outside of the industry.
The world is filled with weird (and dangerous) people and you do not want some online stranger finding out about who you really are.
I've heard some horror stories about people being offered more money to reveal their true identity and it never ends well so never do it, even if they offer to pay more.
Know The Internet Never Forgets:
What you also have to keep in mind is that what goes on the internet, stays there forever.
People can screenshot, share it with their friends and upload it to other websites.
While there are some protective measures you can take, you can not stop it outright and yes – your work will eventually end up in places you do not want it to be (that's almost a guarantee).
You Have To be 18 or Older:
Do not consider doing any sort of the work mentioned above if you are not of legal age.
Adult websites ALL require you to show proof of your identification (as they should) so there's no getting around this.
If you are under 18 years, either wait it out or look for other ways to make money online (more on this later).
FAQ: Is This Just For (Hot) Women Only?
Contrary to popular belief, you do not have to be a hot/sexy woman to do this kind of 'sexual online work' – and you also don't have to be a woman.
Although smaller in size, men digital sex workers are on the rise and they can earn quite a comfortable income doing this.
If you are a man, what you need to know is that most of your customers will be male as well so you'll be operating in the gay niche for the most part.
If you don't mind that – then the world is for the taking. Some of the biggest gay adult-performers are also straight so I'm more than sure you can separate your sexuality from your job.
6 More Ways To Make Money Online (Not Related To Adult Industry)
Last but not least, I also want to share with you a few more ways to make money online without having to expose yourself in the sexual marketplace.
Here are some of my favorites which I've covered many times in the past:
Become An Instagram Influencer:
Although it's not as easy as many make it out to be, you can most definitely earn money as an Instagram influencer.
From sponsored posts to shoutouts and even modeling gigs, there are plenty of women (and men) who have made Instagram their full-time job.
Do Video Surveys
I recently came across a website called Mindswarms that pays you to submit video reviews and surveys of you using their customers' products (fully clothed of course).
It's a great way to make money online and they pay you up to $50 per video review you submit – not bad.
Sell Your Stuff Online
If you're desperate for some quick cash, look around you and see what things you do not need and that you can sell.
There are plenty of websites where you can sell your stuff online so just make a list of the things and start flogging them online.
Facebook Marketplace, Etsy, Craigslist, and others are a great way to get started.
Teach English Online For Money
Good with English? There are billions of people in the world that would like to learn it from you.
I have a list of the best online English teaching jobs here.
Look Into Starting An E-Com Store
If you want to take more of a business approach rather than just a job (which is what got me to earn money online in the first place), you can look into starting your own e-commerce brand.
With the dropshipping business model, you can get started with very little money and you do not even have to hold inventory – I highly recommend you learn more about it.
Start Your Own Website
The absolute best way that I have found to make money online is by building simple websites that go on to make me money – forever.
It's by far my biggest earner online and also something I recommend often to students as it's the best/easiest way to get started with your own online business.
Final Words
So there you have it, 7 easy yet dirty ways to make money online.
Of course, these methods are not for everyone (which is great as there's less competition for those that don't mind) but;
If you can get over the taboo nature of the industry, then there are plenty of ways readily available for you to start making money sexually online.
How To Make Money Gambling Online Reddit Websites
Every day I spend some time researching all the new 'make money opportunities' out there and making money within the 'digital sex industry' remains one of the easiest/most-profitable ones I have seen.
If you'd like to make money doing adult work, this course here shares 100+ methods that can potentially earn you an extra $1000, $2000, $5000 and even $10,000 per month doing online sex work.
Since 2011, I've been learning how to make money online with affiliate marketing. This website is where I share everything I know and all I will learn along until I reach my next income goal of $30,000 p/month.
You can see how I make money with my websites here.
Almost every online casino has some sort of welcome bonus to help try and persuade you to sign up and use their website rather than their competitors. With a little bit of thought and cleverness, we can take these new-player casino bonuses and convert them into withdrawable cash.
But before we delve into casino bonuses, let's talk about sportsbook bonuses. Making money from them is known as matched betting and is pretty easy and may be where you started off?
But right now because of the COVID-19 coronavirus most sports aren't running so there aren't that many matched betting offers available. But to try and keep customers casinos are offering better bonuses than normal. Now is a great time to try some casino bonus bagging – especially as we all need to make some more money!
Contents
Unlike Matched Betting, Casino Bonus Bagging Isn't Risk Free
Unlike matched betting, making money from casino bonuses is not risk-free. But that doesn't mean that they can't be profitable and worth doing.
We call this notion EV (expected value). By using maths we can work out how much money we will make on average from the bonus. So why is that not risk-free? Because of variance. Each time we make a slightly different amount, but over the long term it averages to the EV.
If you understand what I mean then feel free to skip straight to the how casino bonuses work section.
Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £17.99 a month service.
The Maths – How Casinos Make Money
Let's say that we are playing a game of flip the coin, and because we're fun people we're also betting on it.
If we bet £1 a throw.
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1 and I lose £1 if the coin comes up tails.
That is what we call a fair game.
There is risk – we could play 100 flips and I might lose money, or I might win money. But either way, it is just down to luck. Statistically, I am not more likely to win than to lose.
There is a 50% chance of me winning each throw, and a 50% chance of me losing each throw.
That is not what it is like in a casino. The casino has an edge.
Let's change the rules slightly:
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1.10 and I lose £1.10 if the coin comes up tails.
That is not a fair a game.
There is still risk – we could play 100 flips and I might make money. But I am more likely to lose.
On each coin toss I expect to lose 5p. We use this word 'expect' a lot when it comes to making money from casino bonuses. It means the average in the long-term.
Here is a very simple tree showing you how we worked out that expected loss of 5p.
(0.5 x £1) + (0.5 x -£1.10) = -£0.05
That number becomes what is called the house edge. For every £1 we bet we expect to lose 5p.
If we play 1,000 flips, I will have bet £1,000 and expect to lose £50 (1,000 x 5p).
The More We Play The Closer To Expected We Get
Now we get a bit more complicated. The longer I play, the more likely I am to lose money.
I am not going to explain the maths here (email me if you want to know), but over 1 coin flip my chance of walking away with a profit is 50%. The coin can either come up heads or tails.
Over 100 coin flips my chance of making a profit has dropped to 31.7%, that's almost a 1/3rd chance which still is quite high. I might decide that I'm feeling especially lucky and take that 1/3rd chance. But over 6,000 coin flips my chance of leaving with a profit drops only 1%.
That is how a casino makes money. If there are 60 people playing at your casino and each plays the coin flip game 100 times, then each person has a 31.7% chance of leaving with a profit. But as the casino is playing 6,000 total flips it only has a 1% chance of not making a profit overall. A pretty clever business model.
What Are The House Edges Of Different Casino Games?
Now you can't actually play our coin flip game in a casino so let's apply this concept to two real casino games.
Roulette. Is a very basic game which almost everyone understands.
There are 36 numbers not including the zero. Of those 36 – 18 are red and 18 are black. The number zero is not red or black. Each time the wheel spins there is an equal chance that the ball will land on any of the numbers 0 – 36.
If you bet on red and it comes up, you win your stake back. So a £1 bet would win £1.
There is an 18 out of 37 chance of a red colour coming up. That means that you have a 48.6% chance of winning, and a 51.4% chance of losing.
Let's draw that same tree we did earlier but this time for roulette:
(0.486 x £1) + (0.514 x -£1) = -£0.028
For ever £1 bet we expect to lose 2.8p. That's the house edge.
That's pretty low. But roulette is not the casino game with the lowest house edge. That award goes to….
Blackjack. Forget card counting or anything you've seen in the films, your basic blackjack is the casino game with the smallest house edge.
There are many different rule sets for blackjack, and the house edge depends both on those rules and also on how close to perfect strategy the player is playing. But most games of blackjack have a house edge of about 0.5p per £1 bet (0.5%).
Let's just think about that, 0.5%. That's so low! It's the equivalent of playing the coin flip game with the rules:
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1.01 and I lose £1.01 if the coin comes up tails.
If we played 1,000 hands of blackjack at £1 a bet, we would have staked £1,000 and expect to lose just £5.
How Casino Bonuses Work
Thank you for sitting through all of that. Now that the basics are out the way let's talk about the juicy stuff. How we can actually make some money from casino bonuses.
Just like with matched betting, most casinos offer new players an incentive to sign up and play at their casino.
Unfortunately, unlike with matched betting, there is no way we can hedge out our bets. But we can use this knowledge of the house edge to turn things in our favour. Provided the bonus is good, we can expect to make money.
Let's take a look at one bonus that is currently offered by William Hill on their live casino.
To get the bonus, we need to deposit £25 and then place a series of bets that total at least £200. When we have reached that target and we contact customer service, a bonus of £25 will be added which we are then free to withdraw along with whatever is left of our initial deposit.
How We Make Money From Casino Bonuses
£200 sounds like a lot, but after what we've learnt about house edges and blackjack it shouldn't sound so bad. Remember blackjack has a house edge of 0.5%.
Over £200 staked we expect to lose only £1. That means we expect to keep £24 of the bonus!
This is what we expect to happen.
- We deposit £25 into William Hill Live casino.
- We place 200 £1 bets. At the end, we have lost £1 and have £24 left.
- A £25 bonus is added to our balance.
- We withdraw our balance of £49 (£24+£25).
- We have made a profit of £24.
But, there is risk.
There is a chance we will lose more than just £1. There is even a chance of us losing more money than the bonus is worth. If we use up all of that £25 we would need to deposit more in order to finish the staking.
We won't go into the maths on variance. But understand this. Blackjack has a house edge of 0.5% and a standard deviation of 1.15.
That means that at a £1 bet size there is a 95% chance we will make somewhere between £7.75 and £40.25. But it also means there is a 7% chance of making a small loss.
That is the essence of making money from casino bonuses. You are simply moving the odds to your favour.
Websites like Oddsmonkey and Profit Accumulator (more on them later) have calculators for working out your variance and house edge from different casino games. They also have strategy calculators to help you play the games optimally.
Whew. So after all that explaining, the actual steps were very simple.
But we had to go into all that details because it will enable you to look at more advanced offers and take advantage of them as well. Every casino bonus has different terms and you need to be able to work out what strategy to follow to get the highest ‘expected profit' or ev from the bonus.
Which brings us on to the hardest part of making money from casino bonuses.
Where To Find The Best Casino Bonuses
You can only do that William Hill Live casino offer once, so to continue making money you need to find some more offers.
And the unfortunate truth is for more casino bonuses it is not profitable to make money from them. You need to find the diamonds in the rough.
You can do this in exactly the same way as you would when sports matched betting. And in fact, if you have done matched betting before you will probably already know the following two choices:
- Look through casino terms and conditions manually.
95% of people pay for a service. Compared to the EV you can make the services are cheap, they give you a curated list of offers to work through, and they point out any dangerous loopholes in the terms and conditions.
My two favourite paid for services for casino bonuses are:
- Profit Accumulator. Free for your first few bonuses, then £19.99 a month.
- Oddsmonkey. Free for your first few bonuses, £19.99 a month.
Nowadays they are both pretty similar with largely the same offers but different communities, website feel and customer service. They each have free accounts you can try out so I suggest signing up to both and then choosing which one you like the most.
Note: this can get quite complicated. If you want someone to explain it to you one-to-one then Oddsmonkey have an onboarding coach who will hold your hand when you sign up to their £19.99 a month service.
There Are Lots Of Different Types Of Casino Bonuses
Wow what a beast of a post!
Let's just finish on saying that there are lots of different types of casino bonuses and all have slightly different best ways to exploit them.
By now you should understand the concept of expectedvalue and therefore making money from casino bonuses. You have a guide to tackle your first bonus and you have plenty of resources to help you research and find new offers. Good luck!
USEFUL LINKS
- More details on casino wagering requirements.
- My summer betting diary where I made £250 a week throughout the summer holidays.
FAQ
What happens if I lose all of the £25 before completing the wagering requirement??
This is a very real risk and is also the reason why there is a chance of losing a small amount of money while completing the wagering requirement.
What you need to do is to deposit more money and finish the betting.
I hear people talking about ‘sticky' bonuses or doubling up. What does that mean?
You should really join a forum and start asking people there. You are getting into some quite complicated areas with the potential to lose some large amounts of money if you make a mistake.
But in short: A sticky bonus is one that you can never withdraw. You can only withdraw the winnings. This means that the tactics we spoke about earlier don't work. Doubling up is a technique to make money from them. You basically bet the whole bonus on red on roulette. If the bet wins you withdraw the winnings. If you lose you've lost the bonus which you couldn't withdraw anyway.
What are the house odds of some other casino games?
- Baccarat – 1.06%
- 3-card Poker – 2.01%
- Craps – 0.34%
- French Roulette (you get 50% of your stake back if it lands on 0) – 1.35%
- American Roulette (two 0s) – 5.26%
- Slots – 3-10%. Average is about 5%.
Can I card count online blackjack?
No, you cannot. Card counting relies on the contents of the remaining cards changing as the rounds go on. In online blackjack the cards are shuffled every hand so the contents don't change. You can do it with live blackjack – but I believe they shuffle regularly to make it more difficult. I have never tried.
I have a question that is not answered here?
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Drop me an email at hello@sampriestley.com and I will do my best to get back to you.
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Can you make money from casino bonuses while self-isolating or under quarantine?
Yes you can! It is actually a very good time to do it because you can do every step of the offer from your home.
