Long Term Casino Profit Mindset
Low risk casino offers can be a very good way to make additional profit, particularly at the moment with lack of sport. However, it’s key to have the right mindset and expectations, so we’re written this guide to help you with this.
As a matched bettor, you will be used to using lay bets in order to cover every outcome of a sporting event. This means that every time you place a bet, you will know what the outcome will be, such as how much of a loss you will make from a trigger bet, your profit from a free bet etc.
In contrast, casino offers require you to use games such as blackjack, roulette and slots, where there are lots of different possible outcomes, and the result cannot be guaranteed. Whilst casino offers can be very nicely profitable, we cannot guarantee a profit from each offer, and some offers we will even lose money. Casino offers rely on the concept of Expected Value (EV), which is the profit that we would expect to achieve on average by completing an offer. You’ll find out lots more about this when you start your Team Casino trial, but if you’d like to read more about EV, you can do so here.
Because a profit cannot be guaranteed from casino offers, it is important to only start them if you have the right mindset, and the correct expectations, which we will discuss in this guide.
Money You Could Afford To Lose
By signing up to Team Casino, we will show you exactly which offers you should be completing, and give you step by step instructions on how to complete them. This is aimed at minimising your level or risk, and maximising your chance of making a profit. However, this profit can never be guaranteed, and it is because of this that you should never use money for casino offers that, in a worst case scenario, you couldn’t afford to lose.
If you decide to start casino offers, you should set aside at least £100-£250 to become your casino bankroll. You should be comfortable with knowing that, in a worst case scenario, this money could be lost. We have created a guide to how to complete casino offers with a small bankroll, to give you the best chance of getting off to a successful start. We would strongly recommend reading this thoroughly when you start casino offers, and you can check it out here.
Don’t Rely On Casino Income
Over the long term, casino offers can be very nicely profitable. A great example of this is a Team Casino member Adam, who has achieved £4500 profit since joining in June 2019 (read Adam’s story here). However, anyone who has done casino offers for any period of time will tell you that they are subject to variance, which means that your results will always vary. Some days you will make money, other days you will lose money. You could go for a week or two, maybe even longer, without making any profit from casino offers. This is a normal part of casino offers, and something that you should be prepared for if you decide to start them. For this reason, you should never be reliant on making a regular income from casino offers, because that cannot be guaranteed. Rather, they should be treated as a way to hopefully make a nice side income, on top of your normal income sources.
Responsible Gambling and Never Chasing Losses
With the potential boredom of coronavirus self-isolation, and having money in your casino accounts, you might become tempted to gamble. Likewise, there will be times where you lose money on a casino offer, and you might want to gamble in order to try and win that money back. Gambling and chasing losses can be very dangerous and can end extremely badly, so it is incredibly important that you remain disciplined and never do this. We have written a guide with hints and tips to hopefully help ensure that you always gamble responsibly, and we want to ensure that you fully understand the risks involved – check it out here.
Mindset and Approach
Having the right mindset is extremely important to consistently profiting from low risk casino offers. By having the right mindset, you should be able to remove the emotion from casino offers. Which will allow you to hit more offers, avoid the temptation to gamble, and in the long run, make more money! For this reason, we have created a guide to having the right approach and mindset. This guide will probably make more sense once you’ve read the Team Casino getting started guides and tutorials, but you might wish to check it out here.
Here at Team Casino, we love casino offers, and believe they can be a brilliant way to make a side income. So we don’t want to put you off trying them! However it would be irresponsible of us to not ensure that you are suitably prepared and understand the potential risks involved. If you have any questions whatsoever about anything covered in this guide, we’d encourage you to contact us!