I assume that many people will just dismiss this post as a load of tosh – I mean, let’s face it, you can’t get free money can you? What business in their right mind would give away money… Other than casinos of course, who give a little away, but take back more; Hardly what we are aiming for.
Let me get one thing straight, this isn’t going to make you rich – not even close. If you want to make a consistent long term income, then start an eBay business or learn affiliate marketing. But if you just want to make a couple hundred bucks and have a little fun at the same time, then why not give it a go?
What’s the deal?
Basically, the secret to finding free money is promotions and bonuses. There are plenty of opportunities about, but by far the biggest are the ones offered by online gambling establishments – you know, the ones I just mentioned in paragraph 1!
These types of sites make money from people who love to bet – they give a little and take a lot. In reality though, Casinos make 80% of their money from just 20% of their best clients… and equally their are probably a large number of clients from whom they make little if anything. The big players make up for the small losses.
As such, Casinos can legitimately “give away” money. They offer these bonuses (you’ve almost certainly already seen them around) where you put in your money and they match it with a bonus.
What’s the catch?
The catch is that they don’t let you just take your bonus back out, that would be daft. So they force you to gamble a certain amount of money before they release your bonus.
What’s the strategy?
The thing is though, a Casino/Book Maker/Poker Room has a very small edge if you play a “perfect” game. So if you play really well for a few hours, you will almost certainly loose less money than the amount of bonus that you release – hence you end up with more money than you started with.
So say for instance, you put in $200 into Casino X and they give you a bonus of $400 (a 200% match bonus is a common occurrence). Now you play blackjack (that’s the best casino game in terms of odds) – if stick to basic strategy (google it) the house edge is just 0.5-1% So in a few hours you might loose $50, but that should be long enough to release your bonus of $400 – not a bad profit for a night of gambling right?
What are the key points?
Like I said above, the big players loose enough to keep the house profitable – their game is to attract the big players, but they accept that they might only make a profit on one in ten such gamblers. It is critical that you cash out your chips as soon as your full bonus is released.
The moment you decide to just stay for a few more hands you start making a profit for the house. You’re here for free money, not to give it away, so do the sensible thing as leave whilst your ahead. If you enjoy a gamble, then that’s fair enough, but that is the point where you stop making money and start spending, so don’t kid yourself.
My recommendation would be to give this strategy a go to make some quick money and to get a taste for making money online. Then go and try some other more long term money making ideas, so that you have an alternative income once the bonuses run out.