Cobra's Casino Bonus Bagging Thread!

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OK, as you asked...

I've made a bit of money recently through something called "Casino Bonus Bagging". Basically, how it works is that online casinos often offer sign up bonuses - e.g. sign up and deposit £20, get £50 free. The catch is, you have to play the bonus amount x number of times before you can withdraw it.

One of the most popular games is Blackjack - this is what we will use. If you very carefully follow a set pattern, which I will show you, your chance of winning is about 49%. So you play your £50 30 times a couple of pounds each time, and end up with, let's say, £48. You can then withdraw that £48, along with your original £20, and make £48 pure profit!

Get it?

It's all explained better here, at fundmydegree.com


WARNING

This isn't foolproof, at all. It relies on statistically proven odds, and a system which you have to follow rigorously. If you don't follow this, think you know better than the system, or get greedy, you probably WILL lose money!!!

The odds say you have 49% chance of winning, thereabouts. So your bonus, if it's £100, should turn to £98, statistically. It probably won't be that. It could be £110, it could be £80. It depends on chance. Yesterday, I turned a £200 bonus into £1800. It can be done. However, if you're unlucky, you could lose your entire bonus and the initial deposit too. That probably won't happen if you follow the guidelines.



Anyway.

Onwards.



The bonus - how it works.

You sign up, deposit £20. You recieve £50 bonus. (These numbers will vary). The terms and conditions will say that your bonus has to be wagered 10 times before you can withdraw it (maybe more, maybe less). So in this case, you must wager £500 before you can withdraw. I imagine you're thinking "But I don't want to risk £500! You don't This is how it works.

You start with £70 (Initial £20 + £50 bonus).

Wager £5, lose Total now: £65 Total wagered: £5
Wager £5, win £70 £10
Wager £5, lose £65 £15
Wager £5, lose £60 £20
Wager £5, win £65 £25
............................................
Wager £5, lose £55 £495
Wager £5, win £60 £500


You can now withdraw £60 (or whatever your total is after wagering), in this case making £40 profit.

The casinos want you to gamble. Don't.

They want you to get to a point, think "I could get rich here", put it all on one hand, and lose. If you do that, you've lost your startup of £20. It's not worth it, don't.

This is a game that statistically, you should lose - it's the bonus that's making you the money.





How do you play?

Blackjack is similar to 21. It's explained on fundmydegree.
fundmydegree said:
The aim of blackjack is to beat the dealer by getting a score closer to 21 than the dealer's score. If you go over 21 you go bust and you lose. Your score depends on what cards you have. All cards are worth their face value (i.e. 5 of hearts = 5 points, 8 of spades = 8 points, etc.) except Jacks, Queens, and Kings, which are worth 10 points. Aces are special as you can count them as either 1 point or 11 points, depending on which suits you best at the time. If you had a 9 and an Ace, you would want to count the Ace as 11 points for a total score of 20, very close to 21. If you had a 10 and a 4 (14 points) and were dealt an Ace you would want to count it as 1 point, because counting the Ace as 11 in this case would give you a total score of 25 which is more than 21 so you would go bust.

Play begins with the player placing a bet on the table in front of him or her. The player is then dealt two face up cards and the dealer is dealt one face up and one face down card. The player always goes first and has the option of hitting, standing, splitting or doubling.

Stand: Stick with the cards you have. You end your go and the dealer takes his or her go.

Hit: Ask to be dealt another card. If you do not go bust (score over 21) then you can re-evaluate your hand and make another decision.

Split: If the two cards dealt to you at the beginning of a hand have the same point value, you may "split" them into two new hands. Another bet equal to the value of your original bet is placed on the table and each hand is dealt another card so they have two cards each. Play then continues as usual. Most casinos don't allow you to split to more than 2 hands, so if you're dealt 7/spades and 7/hearts, split these and receive 7/diamonds as the second card for one of the hands, you would not be allowed to split these two 7s again. Splitting Aces is a special case and here the casino will usually force you to stand after the second card has been dealt to each Ace.

Double: The majority of casinos will allow you to double on any two cards dealt to you at the start of a hand. In this case you double your bet (say from £1 to £2) and receive 1 more card so you have three cards. You must stand after this and cannot hit again. The dealer may play as usual.

Payouts in Blackjack are very simple.

* If you win, it pays 2:1 (i.e. if you bet £1 you would receive £2 - your original bet and £1 more)
* If you lose (this includes a dealer blackjack), you lose your stake.
* If you get a blackjack (a special hand where your first two cards are an Ace and a 10 point card) it pays 3:2 (i.e. if you bet £1 you would receive £2.50)

Hard and soft totals: One final definition: "Soft" totals are totals that include an Ace that could be counted as either a 1 or 11. For example, an Ace and a 6 is a soft-17, as you could count the Ace as 1 point and have a total of 7, or as 11 points and have a total of 17. However, a 9, a 4 and an Ace is not a soft-14, because if you counted the Ace as 11 points you would go bust. Any total that is not "soft" is automatically a hard total.

Restrictions on the dealer: You might think having to go first all the time is unfair, after all, if you go bust the dealer wins automatically. There is one major rule that places a restriction on the dealer: he or she must stand if he or she gets a total of 17, 18, 19, 20 or 21 (the majority of casinos include soft totals here too, which is to our advantage) and hit if he or she has any other total (ie 16 or less). What that means is that if you get a total of 19, and the dealer gets a total of 18, the dealer must stand on 18 and lose. Those are the rules. It also means that if you stand on a total of 12, and the dealer has a total of 15, the dealer is not allowed to stand and win. The dealer must hit for another card, and if the dealer goes bust, well that's all the better for us!

Insurance: Insurance is offered when the dealer is showing an Ace. It's only a good thing if you can card count, which you can't in online casinos because the decks are shuffled after every single hand. Therefore, never take insurance.

You should use Blackjack Wager Tracker. It let's you know how much you've wagered in total, so you know when you're at your £500/£1000, whatever you need to be at.

Download here.

Guide here.



When you play, use a strategy chart, like this:

chart4.gif


Again, fundmydegree explains all here.




OK, so if you've read all that, you know what to do.

All the above is on fundmydegree.com, essentially, I've just written it in my own words.

Here's my own tips.

This is how I lay my screen out:

screenwu1.jpg


You can see I have the casino, wager tracker, and strategy chart all laid out. You'll need them all. USE THE WAGER TRACKER or you'll lose track of how much you've wagered. Most importantly USE THE STRAT CHARTS!!! You DO NOT know better than the statistics. It may seem stupid to stand on a 12, or hit on an 18, but in some scenarios, it's what you need to do. If you don't you'll start losing money.

Don't play to make up a loss. It's wierd - you have streaks very often. You'll lose 8 times in a row, and then win 9. Don't get disheartened and double your wager to get yourself back up again - you'll just lose all your cash. Stick with the same amount all the time.

Use pro360.com/ Pro 360.com has reviews for all the major casinos, so you know who you can trust.



OK, so how did I win £1800?

I was lucky. But here's how it was done. Blackjack Ballroom have a promotion on where you have an hour to win as much from £500 as you can (ignore the $ symbols, it translates to £ too). You can win a maximum of £200. Play the large wager blackjack game, and go for it. You don't put any money in before you start your hour, so you have nothing to lose. Try playing a hand for £50 and working you way up, or other large wagers. Once you have £700, stop your hour. That's the most you can get.

If you get £700, £200 credit will be added to your real account. You then need to deposit £20 real money. Do this. Your account now has £220 in. You need to play your bonus through 30 times now - that's a £6000 wager total. Once you've finished this, you could have £200 free. I was lucky, and got a couple of streaks, pushing me to £600. I felt I had enough to take a risk, and put £100 on. I won - putting me on ~£700. I got to £800, and put another large bet on. I noticed that if I had a bad streak, a good streak would always follow - if I started losing, I would cut my wager, and then if I started winning again, I put more on. I soon had £2700. This fell to £1700 by the time I had played my bonus through. I ALWAYS USED THE STRAT CHARTS. It's so tempting to stand if you have 18 and they have a 9. But you shouldn't. Follow the chart.

OK? Any questions, post here. Don't e-mail me - I don't read it much. Or if you do, post here telling me you've dropped me an e-mail.

Good luck,

Cobra
 
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Did this a year or so ago, make some nice money then got banned from most of the casinos I played on.

Make sure you aren't betting with your money first. That's one way to lose money.

And some of them take absolutely ages if you stick to low bet amounts.
 
I'm guessing you have to download a client which will most likely be blocked by my uni proxy as i can't use VCpoker up here either, stupid proxy/network is ruining my internet social life :mad:
 
Did this myself and made £25k+. Not looked at this in over 2 years but from my experience the good days are long gone.
 
Thanks Cobra. :)

I shall read into this more and maybe give it a go. I could do with some more money.
 
Did this myself and made £25k+. Not looked at this in over 2 years but from my experience the good days are long gone.

You certainly can't make the sort of money people were back in the boom days of online casinos, but you can still make a nice little bit of cash on the side.

I'm about £400 up from a bit of bonus bagging and matched betting. I reckon I've spent 12 hours total on it, spread over 3-4 weeks.
 
Is there still money in it?

I made just over £9k in 6 months and that was just bagging the easy ones.

Recently done the bookies sign up bonuses (laying betfair) and made a bit but they soon dry up.
 
Not to be a downer, but you should stress that you getting to £1,800 was sheer luck. Like you say, it's mathematically "impossible" to win at blackjack... In the sense that the house always holds the better odds

But congrats! What you gonna spend the money on?
 
Is Blackjack Ballroom a US based company? If so, what payout methods do they offer? And how long have they said it will take to get your £1,800?

From my experience most US casinos have TERRIBLE payout options. It's best to stick to trusted UK ones (such as VC Casino) who load directly back on to your credit/debit card
 
think this is based a lot on luck, I've tried twice at this and 4 hours later and a whole lot of panicking, I ended up with nothin, both times, its not worth it.
 
think this is based a lot on luck, I've tried twice at this and 4 hours later and a whole lot of panicking, I ended up with nothin, both times, its not worth it.

Actually no, bonus bagging is based on mathematics. Yes you can have bad runs, but you can have good ones too

If you follow the charts properly the odds of getting profit on your bonus are in your favour
 
think this is based a lot on luck, I've tried twice at this and 4 hours later and a whole lot of panicking, I ended up with nothin, both times, its not worth it.

you should try to play 5-10 casinos a month to keep the variance down.

did you lose both times at the same casino? If you ruin at one, it is often 'good' (on the balance of probability) to re-deposit if they only give the bonus after the wager requirements.
 
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