Are Casino Offers Worth It?

Casino offers have been hugely profitable for many years. Most people complete them after matched betting offers. In this guide you'll find out why and how they work.

Chris Harvey
Chris Harvey4 min read · Updated

Most people are initially sceptical of casino offers, I know I was.

But just like matched betting, you can actually make good money, £333 to be precise, from their welcome offers. So read on and find out why these are well worth doing.

Why casinos run welcome offers

Really simple - to win new customers. A typical offer looks like this:

  • Wager £10, get 100 free spins (worth £10).

Coral Casino offer

Coral welcome offer: score 100 free spins when you deposit and play £10 on selected slots

MrQ Casino offer

MrQ welcome offer: 100 free spins on your first £10 deposit

Step 1. You wager £10 on an online slot

Just like matched betting, you need to place a small bet to qualify for the offer. For casinos, this is typically wagering £10 on slots (very similar to matched betting, where you place a £10 bet).

On average, after wagering £10 on a slot that pays back 96% of what you wager, you'll lose 40p.

96% is the slot's return to player (RTP). The other 4% is the house edge.

£10 wagering loss = -40p

Your result from any one offer could be anything, like -£5, -£2, +£1 or +£9. On average, though, it's -40p.

Step 2. Profit from the free spins

So now you get 100 free spins worth 10p each (£10 total). You complete these spins, which takes around 5 minutes.

You will then bank, on average, £9.60 (as your £10 of free spins will return 96%). With no wagering on the winnings, that's yours to withdraw.

£10 free spins profit = +£9.60

Like your £10 wager, the free spins' payout will vary. On average, it's £9.60.

Your average profit: £9.20

On average, you lost 40p from your £10 wager, but made £9.60 from your free spins. This gives you a net profit of £9.20.

-40p + £9.60 = £9.20 profit

Is this guaranteed?

No. £9.20 is the average. Any one offer can pay more or less, and can leave you out of pocket, but across many offers, your results tend to land close to their averages.

Is every offer worth £9.20?

A typical 100-spin offer is worth around £9, and the best are worth up to £19. Some are worth about £4 or £5 because they may only give you £5 worth of free spins, but these are all well worth doing and quick to do.

Is this for you?

Casino offers are for over-18s only. Most ask you to wager real money, which you can lose, so only use money you wouldn't miss. Skip them if:

  • Gambling has ever been a problem for you
  • You've blocked gambling on your bank card or self-excluded, for example with GAMSTOP
  • You're applying for a mortgage soon, as gambling on your bank statements can come up when you apply

Let's make some free cash

You're all set to spot the casino offers worth doing, nice!

Your next step is our slots guide, which shows you how to play one in a few minutes:

Onwards!

18+. Gambling can be addictive. If you feel you may have a problem, visit GambleAware.org.