As alluded to yesterday I decided to kick things off with a casino offer. Luckily years ago when I was doing a lot of these offers it was more efficient for me to just target the bigger offers, so I’ve still got a few of these lower entry level ones available to me. Should come in useful over the first month or so of this project.
One of the ones I never got round to was Play Ojo which is £10 deposit for 50 free spins, have to roll over your deposit once before withdrawing. Only about a £5 profit expected value which isn’t great but isn’t terrible. Bit of scouring and via this site I found a link that would make it 90 free spins instead. Pushing the EV up to a £8.50 profit. Much more appealing. It all starts with one step and this seemed like as good a first step to take as any.
So its not a risk free offer but the risk is pretty low. The standard strategy here is to play out the free spins and then roll over the deposit once on blackjack allowing you to withdraw. Blackjack being the game of choice as it has the lowest house edge available. The RTP or return to player is about 99.5% on premium blackjack. So on average our £10 we need to roll through should only lose 5p. Now the minimum bet is £1 on the site which raises the variance a touch but to lose 10 hands in a row if we follow an optimal strategy is still only a 0.2% chance.
On With The Offer
So I signed up, and went to deposit. This site requires verification documents before you deposit which to be honest I quite like. Most sites will require certain documents before you withdraw any winnings. Now I’ve never had any verification issues but if you submit these documents before depositing and get approval then you know that there will be no issues getting your money out. The documents usually required are:
- Proof of identity (Driving license, passport etc)
- Proof of address (any utility bill, bank statement etc)
- Proof of deposit (Photo of front and back of card used to deposit)
A standard photo taken with your phone usually suffices or a pdf of a bill if you have one is also good.
Took only a few hours to get approval then I cracked on with the free spins.
The spins didn’t go great, with a couple of wins in the £1 region about as good as it got. I finished the free spins having made £3.45 meaning I was well below expected EV heading into the roll over part. Not ideal. But we head into the roll over section with £13.45 in the account
Blackjack Rollover Time
I fired up a blackjack strategy chart to refresh myself of what to do when in order to lose the least. I used to know it off by heart from the countless offers I did but that knowledge is long gone. We got off to a cracking start, first card was a queen for me looking at a dealers 3, which is a double, dealer then busts putting us up £2 from the first hand. This gave us some nice room with 9 hands still to go. Few pushes later, couple of wins and one loss we finish the last hand up £4 from the blackjack rollover!
Summary
Whole process probably took 15 minutes in terms of playing the spins and the blackjack rollover. We made £3.45 on the spins (way below the EV) but instead of losing on the rollover portion we got lucky made £4 on the blackjack bit leaving us up £7.45 overall. So it evened itself out nicely to just under our expected value for the whole offer. £10 in £17.45 out.
Withdrawal was immediately approved and we have taken our capital up to £17.45. It will usually take a couple of days for the money to come through. Giving me some time to think about the next move. It all starts with one step and that first step has now been taken.
