Even monthly profits have huge swings, my best month was up in the 40k, while my worst months netted a loss of 10k. Where I live there is a gambling tax, which is about a quarter of the monthly profit (can't deduct losing months though).Ĭan't give a accurate weekly profit number, it depends on what new promotions arise and if I feel like playing. In total i made about 250k from it before taxes. I quit my job and spend a lot of time traveling the world. So for me it was a 'get rich quick'-scheme that worked out. 2 year ago I would do anything to keep this a secret, the more casino whores, the less money to go around. This is why I can comfortably do this AMA. There is hardly any money to be made out of it anymore. The casinos have smartened up a bit and reduced the profitability of the bonus significantly. Repeat with other casinos and that is basically it.įor the people who are also interested in doing this, I am sorry, you are a bit late.

So you got $100 of free money, and to cash it out, you will lose in average $10, so EV (Expected Value) is $90. If you do the math, on average you will lose 0,5% of 2000 = 10 dollars when doing the wagering requirement. When you play blackjack with the optimal strategy, there is a 0,5% houseadvantage. It could be something like 20xbonus, meaning you had to wager 20x100 = 2000 dollars in the casino before you can cash out. Before you can cash out your bonus and your own deposited money, you have to complete the wagering requirement. Obviously you can not cash out your bonus immediately. A standard promotion that was frequently offered was 100% bonus (up to $100) when you sign up and deposit at a casino. Basic idea is that you take full advantage of online casino promotions. I did this full time between 2006 and the beginning of 2010. Follow us on Twitter or Like us on Facebook!įacebook Twitter Instagram Calendar Please check out our Rules and FAQsĪlso known as casino bonus whoring or casino scalping.Email us at Step-by-step guide to doing an AMA.See more on our comment removals policy here.Attempting to bypass this rule by adding a ? to a non question will result in a permanent ban.All initial responses to posters must contain a properly punctuated question.Requests should be posted in /r/IAmARequests.See here for tips concerning proof and examples.If it must remain confidential, you can submit proof on our website so we can verify you and your claims. Proof should be included in the text of the post when you start your AMA.Explanation and examples of this rule can be found here.Something uncommon that plays a central role in your life, or.Submit an AMA Request an AMA Please check out our Rules and FAQs

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