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Casino Bonuses are a genuine method to make low-risk profits out of online casinos. Remember, that gambling gains are tax-free!

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The following is taken from Play The System, all credit for the information goes to them!

Most on-line casinos offer you a sign-up / welcome bonus: free cash if you wager through a certain amount of money with them. Below is our list of reputable casinos that offer generous bonuses and allow Blackjack for the wagering requirement. The advantage of Blackjack over other games is that if you play PERFECT Blackjack your mathematical disadvantage against the house becomes 49.77/50.23, i.e. virtually zero house edge. Good news: you CAN play perfect Blackjack every time thanks to our strategy charts which tell you what to do for every hand permutation (Want to see one now? Check out the strategy chart tabs here). Doesn’t matter if you’ve never played Blackjack – have the chart open whilst you play and it will always tell you what to do. We provide a second tool: a Wager Tracker, which simply logs how far through the wagering requirement you are, so you know when you’ve done.

Let’s take an example. Say casino offers a £50 bonus if you wager through £1300. This DOES NOT mean depositing £1300, nor risking £1300. A £50 deposit should suffice. Remember for each hand there is roughly a 50/50 chance of you winning. So if you bet £1 per hand and alternate between winning hands and losing hands, your balance will hover around the £50 that you deposited. Assuming an exact 50/50 split of winning and losing hands then after 1300 hands you will have won £650 and lost £650; you will have met the £1300 wagering requirement, your deposit of £50 will still be in tact, but the £50 bonus will have been added. You’ve made £50 profit. Do this for each of the casinos listed below and you stand to walk away with a total bonus haul of around £1000 (and gambling gains are tax-free!). Playing through the casinos on workday evenings, and with a float of around £300 to play with, you can get through this list in a month. Once you’ve done this list, if bonus bagging is for you, then there are more casinos, offering varied bonuses for different games and different requirements, all of which can make this a steady on-going earner.

Now although the probability on each hand is roughly 50/50, as you play there will be variance and it is unlikely that you will finish a wagering requirement having won and lost exactly the same amount. There are many permutations of hands for you and the dealer so in the short term you will find your balance going up or down. The casino may go on a good run and win many hands in a row, causing your balance to drop, or you may get a lucky streak and go significantly into profit even without a bonus. To help limit this variance the smaller the bet size you make the better. That’s because for, say, a £5000 wager through requirement, 5000 hands at £1 bet per time will allow the variance to even itself out much more than 50 hands of £100. Getting through the Sky Vegas £1300 wagering requirement on £1 bets per hand will take around 3 hours. When completing the casinos with larger wagering requirements you may wish to play with £2, £3 or £5 hands. Don’t exceed £5 (or risk being at the mercy of variance), and whatever bet size you choose, stick to it for the duration of the casino in question.

Essentially, the longer you play and the more casinos you do, your results will even out so that you win roughly half the hands and lose half the hands, i.e no gain no loss. Clearly this would be no good if it weren’t for the bonuses, but because the house has no advantage when you play perfect Blackjack you stand to walk away with the sum of these introductory bonuses (on average) for however many casinos you do. It is the addition of these introductory bonuses that gives YOU the mathematical advantage. Therefore the more casinos you do, the more profit you stand to make, but ONLY on these introductory offers. If you keep playing at a casino beyond the introductory offer then you no longer have a mathematical advantage.

But let’s re-emphasise: there will be variance in the short term: good luck and bad luck. You can expect to make a net loss at 1 casino in 5. That means, you will lose all the bonus and dip into your own deposit too. You will watch in disbelief as your balance falls and falls. However, this will be offset by 4 wins, of which maybe 2 will be huge wins where the luck has really gone in your favour, and you watch in delight as hand-after-hand you whip the automated dealer’s ass. If you are really unlucky, that 1 in 5 casino where you make a loss could be your first casino. If this happens do not panic and do not give up. Remember the maths are in your favour and the profits are guaranteed if you keep going.