How To Make Money From Roulette Online Casinos

The roulette online real money casinos we pick are the best in the market. When recommending our casinos, we make sure that they offer the most popular banking methods to all players. We’re also adamant on checking secure practices like SSL encryption to ensure that your safety and security is a top priority when using these payment methods. Roulette is a casino game named after the French word meaning little wheel.In the game, players may choose to place bets on either a single number, various groupings of numbers, the colors red or black, whether the number is odd or even, or if the numbers are high (19–36) or low (1–18).

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How To Make Money From Roulette Online Casinos

If gambling had to pick a mascot, it would most likely be the roulette wheel. It is easily the most iconic game, appearing in nearly every movie or TV show that ever shows a casino. We remember the first time we approached a table, feeling quite nervous. What was this table about? What are all these outside bets? What’s that zero for? Yes, roulette can seem very daunting at first glance. But with our help, you’ll be a pro in no time!

So, How Does it All Work?

The best place to start is the beginning, so let’s take a look at how a typical round of roulette goes. Players will put their chips down on the table, and can continue to do so while the dealer prepares to toss the ball into the wheel. Once the ball starts spinning, you aren’t allowed to make any additional bets. The ball spins, before landing on a number. If your wager matches the number in some way, you win a cash prize!

Where to Play Roulette Online in the US?

European or American?

While roulette comes in many shapes and sizes, the main split is American versus European. The difference boils down to the number of slots on each wheel. The European wheel has thirty seven slots – thirty six numbers, and one zero. American roulette has thirty-eight slots – thirty six numbers, one zero, and one double zero.

As a result, American roulette has a higher house edge: meaning it’s better for casinos. So if you’re a brand new gambler and have a choice, we’d definitely pick European roulette! It’s objectively better, with a 2.7% house edge compared to the 5.26% the American version offers.

Speaking of online casinos, players should try and find French Roulette, if it’s available. This game usually comes with either the Surrender or En Prison rules enabled, which further decrease the house edge! The difference is slight. Surrender returns half your bet if the zero or double zero hits. En Prison instead freezes the bet when you hit a zero or double zero. So on the next wheel spin, if the previous bet goes through, you get that wager back. Otherwise, the casino takes it. These rules are available for real life roulette too, so feel free to ask the dealer!

What Sort of Bets are There?

There are two types of bets: inside and outside ones. Inside bets are super simple: pick the numbers, and you’re ready to go. Roulette offers seven types of inside bets!

  • Straight: You place a bet on a single number.
  • Split: A wager that covers two numbers, made by placing the chip on the shared line between two adjacent numbers.
  • Street: You place a stake on three consecutive numbers located on the same line. Make this bet by placing your chip on that row’s outer corner.
  • Six Line: Same bet as street, but covers two lines instead of one! Place the chip on the common outer corner of the two lines.
  • Corner: If you place a chip on the common corner of four numbers, that’s a Corner wager.
  • Trio: You place a three number bet that includes the number zero. You can stake this if you put the chip on a line between the zero and other two numbers.
  • Basket: Wagers on numbers 0, 1, 2 and 3 with a chip on the corner shared between the first line and zero. If you’re playing American roulette, it also includes the double zero.

Outside bets are much safer! This is because they cover a large group of numbers at once. Unfortunately, lower risk means a less valuable award! You have five or six outside bets, depending on the table you’re playing on.

  • Red or Black: Guess the correct color, and you win the cash prize. Since the zero and double zero are green, it counts as a loss if you draw one of those two.
  • Odd or Even: Bet on whether the winning number will be odd or even.
  • 1-18 and 19-36: You’re betting on whether or not the winning number will be low (below 18) or high (above 19).
  • Dozens: Dozens is similar to the previous bet. But instead of guessing on which half of the wheel the ball will land on, we’re wagering on third instead. It can be either 1-12, 12-24 or 24-36.
  • Columns: Guess which column the winning number will appear from correctly, and you get a prize!

Okay, we can take a small breather here! As you can see, bets aren’t nearly as scary once you break them down. It’s just a matter of practice from here on out, and knowing when to use which one. For that, you’ll have to know which strategy to use!

Winning Strategies!

Now, it’s important to note that there’s no strategy that guarantees you will win. Roulette, like any other casino game, is designed to favor the house. But with a dash of luck, these strategies can improve your odds!

The first betting system we’ll tackle is Paroli, also known as the reverse Martingale. This is a personal favorite of ours, as it’s a lot safer than Martingale… if you can control yourself. Which is easier said than done, since this strategy is all about winning streaks!

The core idea behind the Paroli strategy is to start with the smallest possible wager and to increase it after every win. As you score win after win, your total profit snowballs, up until you hit a loss. When that happens, you start playing at the lowest possible stake again, and start over. Since you’re betting at the lowest possible bet when you lose, odds are you won’t go broke chasing after a single win, like you might with Martingale.

But it also has its flaws. One loss wipes all the profits you’ve accumulated up until that point. That said, it’s a flaw that can be overcome with self-control. Simply limit yourself to a maximum of three to five consecutive wins, and then reset. You gain less money, but your odds of losing everything after one bad spin are much lower, too!

Last betting system we’ll take a look at is the D’Alembert system. It’s similar to Martingale, but the method is a lot simpler and easier. Rather than doubling your wager each time and crossing your fingers for a win, D’alembert is a gradual increase. As a general rule of thumb, your starting bet with this betting system shouldn’t be more than 0.50% of your total funds.

Once you’re all set up, we can start playing! Each time you lose, you increase your wager by one unit, and decrease it by one on each win. For example, say you’re betting one euro. You lose two times, so you’re now wagering three euros per spin. Then you win once, which brings it down to two euros.
D’Alembert a safe system that keeps you from hitting table limits, and is great for players with limited budget. Of course, low risk means low-reward, so don’t expect amazing wins using this betting system.

And before we wrap this up, we’ll remind you again that the house edge is against you. While these systems help slightly, they can’t overcome the natural advantage given to the dealer. But playing with them is a lot better than playing randomly! So if you’re the type of gambler that takes advantage of every opportunity, you should definitely use one of these systems.

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Where to Play in the USA?

SlotoCash

SlotoCash is a solid pick! They have live chat that’s available 24/7, a mobile friendly design, and lots of payment methods. Visa, MasterCard, American Express credit/debit cards are available, as are e-wallets like Skrill and Neteller. If you’re a fan of crypto, you can also use Bitcoin and Litecoin! We’d personally recommend e-wallets, since they aren’t subject to fees, and can make as many withdrawals as they like.

The casino only carries games made by Real Time Gaming. This is great news for players in the United States, as it allows them to play here! But while we like RTG as a software provider, they have a rather limited roulette selection. Players will have access to only two roulette games: American and European. However, this does make it easier for brand new players. Since you can only pick between two releases, you won’t feel overwhelmed by choice.

Uptown Aces

Another website we suggest checking out is Uptown Aces. This casino first drew our attention with its stylish aesthetic. It then won us over with its fantastic RTG software, support that’s available 24/7, and lots of banking options. It has all the banking methods you’d ever want: credit and debit cards, e-wallets, and even cryptocurrencies like Bitcoin and Litecoin! And if you like playing on your phone or tablet, Uptown Aces has an easy to use mobile layout.

Unfortunately, it suffers from the same problems that SlotoCash does when it comes to roulette games. On the plus side, it has great bonuses. Match bonuses, comp points, and instant cashback are all options you can look forward to. Another thing to keep in mind is that Uptown Aces has weekly promotions, too. So make sure you don’t miss out on those!

Black Diamond

We saved the best for last with Black Diamond casino! It offers games developed by Pragmatic Play, Betsoft and Octopus Gaming. It even has a live casino section, powered by Vivo! Several roulette wheels there if you want to try out your newly gained knowledge. Not only do you have a good variety of available releases, but a lot of them have a demo mode! Being able to try a game before committing real money to it is quite important. Any operator that gives us that option automatically earns themselves a few points in our book.

Speaking of real money, available payment methods include Visa and Mastercard credit/debit cards, EcoPayz, Bitcoin, Litecoin and Neosurf. We have to admit, available payment methods seem to be all over the place! Even worse, you can only make withdrawals using EcoPayz or bank transfers. And since bank transfers come with a fee, and EcoPayz doesn’t, the choice is rather obvious.

Where to Play in Canada?

Bodog

We’ve got a several recommendation: Which is Bodog! This website is only available to Canadians, so much so that you cannot even view it from other countries. It has several software providers: most notably RTG, Rival and Betsoft! They even have a few exclusive releases, if that’s something you appreciate. Deposits can be made via wire transfer or Visa and MasterCard credit/debit cards.

If you enjoy playing using your phoneor tablet, Bodog has you covered! They have an excellent app that makes playing mobile super easy! And if it being a great casino wasn’t enough, it even has a sportsbook section. That said, it does have a few flaws. Longer than usual withdrawal times aren’t that big of an issue, but no one likes to wait. The casino sometimes took a long time to load, and we don’t seem to be the only ones affected by this issue.

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.

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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:

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  • 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.

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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?

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  • 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.

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I have a question that is not answered here?

Drop me an email at hello@sampriestley.com and I will do my best to get back to you.

Can you make money from casino bonuses while self-isolating or under quarantine?

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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.