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Being a practical matter, most casinos set the property edge in the high teens, 16%-18% being typical. Winning is good but forcing it to happen through underhanded means is reasonable and naughty.
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Using this theory, the practitioners will have an online casino offering a promising bonus, get a profit of an amount approximate to the calculated value, and then move on to another casino offering exact same kind of promise without incurring any loss inside of the process. They'll play one casino till they are satisfied that possible profit had been squeeze out, then hop onto another casino repeating the process there right after another one and the like. Hence the phrase.
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