Are you looking to make some income from wagering on your favorite games? Your favorite online casino operator can offer you some games at the casino with free play. These operators have devised a means to reward new and existing players without compromising their chances of making money from gambling. You can get free spins or cashback just for signing up and depositing money into your account.

Matched betting is the most popular type of gambling income method at many online casinos. In this article, you will discover the top five (5) different ways you can increase your bankroll, even if you are betting for free.

Is it Possible to Gamble for Free?

Yes, it is possible to play and wager/bet on many casino games without a bankroll. The bonuses and promotions offered by the operator when you sign up can serve. Now, we are going to talk extensively about the different ways you can make money if you are gambling/betting for free in an online casino.

Become a Matched Bettor

This is the primary strategy used by most online casino players. Matched betting simply means using the free bonuses and promotions offered by the operator to make more money. Typically, the bonuses and promotions come with several Terms and Conditions (T&Cs), one of which is that you wouldn’t be able to withdraw the earnings until the wagering requirements are met. What could be a better motivation to make more money than this? All you need do is to meet the wagering requirements and stretch your betting skills to see if you can win more money. What’s more? With matched betting, you get to keep the winnings from the bonuses/promotions while the house (the operator) takes back the original offer. However, using matched betting to increase your income at an online casino can be a bit technical. According to Wikipedia, matched betting also involves “placing a back bet using the free bet at a bookmaker, while placing the opposing lay bet at a betting exchange.”

How to Win with Matched Betting

Interested in using matched betting to make more money from your preferred online casino? Here are some of the steps you can take to increase your chances of making more money.

Let the Bookies Win Sometimes

Accepted, matched betting can help increase your bankroll if you know how to go about it. However, it wouldn’t be a bad idea to sit back and allow the bookmakers to win some of the time. Here’s what we mean. Generally, online casino operators allow you to use matched betting to make money using the free bets and promotions offered. However, it may turn out to seem like you are all out to hunt for profits rather than playing the games naturally. This is why you should consider betting or wagering on some no-offer games. That way, even if you win, you wouldn’t get any additional bonus. That is one of the ways to let the operator win.

This strategy is known as mug betting, and it helps take you out of the operators’ spotlight. It makes it seem like you are betting on all the games that come your way and not just the ones with lots of bonuses and offers to get at the end of the day.

Start with a Few Grands

Contrary to popular opinions, you don’t necessarily need to break the bank to become a matched bettor. You can start with as little as $100. Considering that this is a free-gambling tactic, you want to keep your bankroll as small as possible. Yet, keep in mind that having more bankroll to bet with can as well increase the yield or profits you make. But start small and grow big. Once you have at least $100, set out to look for some of the online casinos with free play where you can start match betting. Note that it takes time to find these operators and, in most cases, you may not find one. Also, consider opening a separate banking account to help you control the flow of money during the period you are match-betting.

Keep Your Expectations Short and Realistic

The fact is that you can make a decent income from match betting if you get the hang of it. You can use it as a source of passive income or regular income. Either way, set an income goal or target and work towards it. If working with a $100 bankroll, consider setting a 50% monthly income, which amounts to $50 extra at the end of the month. Of course, this is only making light of the situation because you can make up to 400% of your bankroll. Just start with a realistic profit margin, especially if you are a beginner. Then, work our way up from there.

Keep Your Expectations Short and Realistic

Map Your Matched Betting Days Ahead of Time

Don’t wait until your first bet is placed before coming up with a betting plan. Consider mapping out the time you want to dedicate to matched betting. It could be twice daily or 5 days a week. Whichever is the case, stick to the matched betting schedule. It not only enforces discipline. It also helps you become more familiar with betting and, over time, increase your profits with more successful wagers.

Become a Sports Trader

Almost everyone has heard about stock trading – and even crypto trading. But only a few have heard about sports trading. Essentially, you do the same thing you would do if you were trading stocks or crypto – buying and selling. Only that this time, you are buying and investing in the stock market. You need to be good at predicting the trends in the sports market and be able to speculate on future sports events.

Once you are certain, open a position either to short the sports market or long it. For the former, you are looking to sell because the potential outcome of the sports event isn’t looking good. For the latter, you are certain of the positive outcome, and therefore, you are speculating with your trade that the positive outcome will influence the increased value of your trade. The rule here is to buy low and sell high, whether you are shorting or longing the market.

Become a Cheater

We must warn you that this free gambling tactic is illegal and can fetch you a jail term when caught. But if you are a risk-taker (which every punter is, by the way) and you feel like having some little excitement, consider becoming the cheater. Well, for some time now, the house has had its way. So, why not serve the house the same meal it has been serving for years now?

Become a Cheater

The work of the cheater, as you know it by the implied meaning, is to “cheat” the house. Your job is to continually come up with innovative ways to go against the house both to make money and help your comrade in arms make theirs too. If you are short of ideas, here are some of the popular cheating methods you can use to gamble for free at online casinos:

  • Get Insider Information. There is always somebody that knows something about the latest tricks up the operator’s sleeve. As a cheat, you can get across to these people and learn what they know. Either use the information to your advantage to make money by beating the operator to the game or sell the information to the highest bidder.
  • Fix Matches. Sure, you have heard about match-fixing, but have you given it a thought to try it? As a match-fixer, your job is to convince the players to fix the results or outcome of the match, especially when you know the likely winners and losers of the same.
  • Become a Value Bettor. Most of the time, punters depend on the odds from the house (online casino or bookmaker). Ever thought of making your odds? Yes, it is possible, and that is what you get to do as a value bettor. You see, sometimes, bookies make mistakes in their odds. Not that they wanted to do so, but they were working with the (limited) information they had at the time. On the other hand, value bettors are industry leaders who have in-depth knowledge about a particular game or sport. They know the ins and outs and can make better odds than the bookies do. If you are experienced in this, you will continually go against the house’s odds, make yours, and make more money even if you were using the free bets from the operator/bookie.
  • Become a Tipster. This can be likened to value betting, but with some differences. In value betting, you are developing your odds based on the information you were able to make out of the trends in the market. As a tipster, you are relying both on your analysis and the odds from the bookies. The idea is to compare your odds with that of the bookie. More often, there is a difference between the two. That difference is where you maximize the opportunity to make more money by betting against the difference between your odds and that of the bookie.

Additional Ways to Make Money with Free Bet

There are even other ways to get additional profit with gambling. Let’s see the table, where some of them are explained:

Betting StrategyWhat it Entails
ArbitrageFinding out and betting on the difference between the odds from different bookies.
Betting CPA MarketingGet paid when someone takes action on a Cost Per Action (CPA) sports campaign placed on your site.
Play PokerDevelop strong betting strategies to beat your competitor to the game of poker.

Conclusion

We have detailed some of the easiest ways to make more money from gambling with the free bets, bonuses, and promotions offered by the operator. To get started, spend quality time mastering the strategies to use any of those strategies and be quick to implement them as you learn. Maximizing your free bets can be tricky, especially when the bookmaker or operator sets a higher wagering requirement. That notwithstanding, you can be sure to leverage the tips in this article to get started.

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