Note: This post is about gambling. Play responsibly.
This guide is for anyone in the United States who is curious about making money with social casinos by making deposits. However, if you are looking for a free to play (f2p) route, I’ve marked the sections that are for pay to play (p2p) users.
Sorry to anyone outside the US! This post isn’t for you.
Select a topic, below.
Ultimate Goal
Mathematical Example
Account Preparation for Withdrawals and Taxes
Sites to Register For
Conclusion
Ultimate Goal
The goal is to make money. It’s not to gamble, chase jackpots, or play risky. We’re not trying to hit home runs here. The aim is to hit singles over and over again. Avoid getting caught up in deals that aren’t worth it, promotions that aren’t worth your time, and VIP levels that have high barriers.
With the exception of stake.us, we will be flipping daily bonuses at least once, dollar for dollar. Make sure you pay close attention to the amount of credit that must be washed. We don’t want to wash more than necessary.
All social casinos have high minimums that range from $50 to $100. Some have a lower threshold with gift card options if you so desire.
For P2P users: Usually, we can get somewhere between 90% to 98% of our deposit back by washing deposits from unplayed to redeemable credit.
Mathematical Example
For P2P users: Let’s suppose you take advantage of a deal on Wow Vegas. It’s happy hour and they are offering 50% off on three different purchase points. You can spend $112.97 to receive $175 of credit. You decide to spin on Wilds of Fortune, 10 cent spins, 1,750 spins total and get 90% of your deposit. Your ending balance is $157.50. Deducting your expense for the deposit, you’ve now made $44.53 in profit! You’ll withdraw the full amount and receive your $157.50 within 3 to 5 business days. You’ll then use $112.97 to pay off your credit card (if you used one) and pocket the difference.
Account Preparation for Withdrawals and Taxes
Note: This is not official tax advice. Take my advice at your own risk. Also, this entire section is for P2p users.
If you plan to make deposits, the only way to take them off your taxes is to itemize or utilize Schedule C. Itemizing has a massive barrier and is probably not worth your time. However, Schedule C will require you to operate like a business. I cannot speak to the forms required for Schedule C because I pay a tax guy to handle this for me. However, you’ll need the following to prove that you are operating like a business and avoid getting audited:
- Separate bank account.
- Separate credit card that will accept casino deposits (I recommend Wells Fargo Active Cash card for 2% cash back on all purchases).
- Good recordkeeping of deposits and withdrawals (you can see my monthly report as an example at https://atlasearthguides.com/other-apps/#report).
- Receipts for all your purchases. Bank and credit card statements are useful to prove receipts, however, they are not sufficient proof in it of themselves if you get audited.
I highly recommend opening an account with Skrill at https://www.skrill.com/en/. Many social casinos I frequent will take payments to and from Skrill. If you make a lot of transactions in a short period of time with your credit card, there is a high chance your card will get flagged for fraud. You’ll have to call your company and get it cleared so that you can reuse your card. Thus, I highly recommend using your card for large transactions and Skrill with smaller transactions. I also recommend using Skrill with Wow Vegas happy hour since it will require three purchases in quick succession. Once you open your Skrill account, get it verified and make a deposit so that you are a “true skriller” and avoid paying $5.50 for each withdrawal.
Several social casinos are crypto. If you plan on using these, I highly recommend creating an account on Coinbase at https://www.coinbase.com/. If you sign up for Coinbase, you can create/find your specific wallet address for the specific cryptocurrency you are cashing out to at https://accounts.coinbase.com/profile/crypto-addresses.
If you plan to use a Credit Card, then I highly recommend not carrying a balance. Interest will eat away at your profits, so make regular payments to ensure that you carry 0 balance to ensure that you don’t pay interest. However, you could also opt to using a Skrill account exclusively both as a means to deposit and withdraw funds.
Make sure you set aside a portion of your winnings to pay for taxes. Ensure that you include gift card withdrawals as they are also taxable.
Sites to Register For
After you get your account ducks in a row, or if you plan to go f2p, your next step is to register for social casinos to make close to $500 per month!
Bear in mind that all social casinos will require your ID (typically driver’s license) and may also require proof of residence, bank account statement, and your SSN for tax purposes.
I recommend you register sites for daily bonuses and get yourself verified ASAP. Links contain referral codes unless unavailable. You can find specifics on each one on Google Docs. Specifics include the daily bonus, where to find them, purchase strategies, excluded territories, and recommended games for washing. Check back regularly because I update it.
I also recommend that you join the Discord group at https://discord.gg/cNMtNXvD to receive alerts on additional opportunities to collect free credit.
After you register for ALL of these sites, continue to collect your daily bonuses and work on getting verified.
Note: For bonuses, I typically wait until I have enough to withdraw assuming I keep 90% of my balance, except if I made a purchase.
Conclusion
I hope you found this guide informative. If you have any questions, contact me on Discord at https://discord.gg/fkSnJ3B3.
Updates:
1/29/2025 – Moved recommendation in the “purchase” section to reduce redundancy, and also removed web version of sites to sign up for, recommended games, and purchase strategy. All of this now exists in Google Docs.
01/27/2025 – Changed links from “Other apps” page to Google Docs.
01/19/2025 – Removed Ding Ding Ding from purchase strategy (none of them are good anymore) and updated recommendation to Top Card.
01/09/2025 – Updated daily login collects + touted ~$500 per month in f2p collection post washing.
01/02/2025 – Updated Ding Ding Ding recommendation from Dice Game to Blackjack.
12/27/2024 – Updated recommendation for Wow Vegas and updated language concerning crypto.
12/21/2024 – Ruby Sweeps and Gold Slips lowered to 10 cent minimum on wheel and recommendation to drop both sites after exhausting offers.
12/16/2024 – Dropped Chanced and Punt.
12/03/2024 – Added Zoot, Spin Pals, iCasino, and Punt. Also updated purchasing guide for Luckyland Slots and added Zoot there.
11/22/2024 – Updated recommendations and nerfed dailies.
11/07/2024 – Added Chanced and Gold Slips.
10/10/2024 – Added Smiles and Sportzino to the list of dailies to register for.
10/03/2024 – Removed High 5 Casino from the purchase list due to tax deduction shennanigans.
09/25/2024 – Added Ding Ding Ding as Purchase Strategy option #7.
09/15/2024 – Added additional text on ding ding ding registration description, updated High 5 P2P description about not seeing promitions, and added Zula as a site that contains occasional promotions. Also added monthly bonuses to Ruby Sweeps offers, as well as a general warning concerning promotion banning.
09/07/2024 – Added that you need receipts for taxes and a warning about The Money Factory and the lack of receipts. Also updated The Money Factory offer.
09/04/2024 – Tweaked the guide to separate f2p and p2p sections. Also updated Ding Ding Ding recommendation to rocket dice. Also moved Pulsz Bingo recommendation from dice game to blackjack.
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