3 Easy Mathematical Shortcuts To Calculate Casino Bonus Value And Spending

Are you the kind of person that needs to understand the value of every action you take when playing a casino game? Then, you’ll be happy to know that there are some easy mathematical shortcuts to calculate casino bonus values and spending. By doing these calculations you can ensure you know the stakes at which you are playing and what kind of a financial risk you are taking, as well as the approximate reward you might get through different casino bonuses. 

1. Wagering requirements

Before you start calculating anything, you need to understand the basic wagering requirements. Basically, this is the number a casino sets that you need to spend before you can access any of the winnings from a particular bonus. This can be set as follows: you receive a 50 USD bonus on spending 10x the amount. Your calculation would be (bonus amount) multiplied by (wagering requirement), in this particular situation, that would mean to receive your 50 USD bonus you need to spend 500 USD (50 X 10). You can also receive a sticky bonus, in this your initial deposit is counted towards the overall price. So, you would add your bonus amount to the initial deposit and then multiply it by the wagering requirement.

2. Matching your first payment

Plenty of casinos offer a bonus whereby your payments are matched. Some welcome bonuses have a simple format of matching your first payment. So the maths in those cases is simple: you multiply your deposit by the percentage set by the casino and add the resulting value to what is in your casino account already. Usual sums from casino bonuses are 100% and up to a maximum of $200 or $250. 

3. Expected value

Expected value refers to the average amount you can expect to win or lose from a bonus or a bet over time. It is basically a means of figuring out the true value of a casino bonus by considering the potential of winning and the likelihood of achieving such a win. To begin, you will need to find the RTP, i.e., Return To Player, this is the percentage that indicates the average amount of money returned to players over time. The way to calculate this is by multiplying the percentage to the total wager amount. For example, if the RTP is 90% (use 0.90 when making the calculation) and the wager amount is 15,000 USD, then you have to multiply 0.90 X 15,000 which is 13,500 USD. This means that you are expected to retain 13,500 USD out of a wager of 15,000 USD.

Remember that when you are wagering it’s not just about the bonuses, the values can also increase in relation to whichever game you choose to play. Different games contribute differently towards wagering requirements. And if you choose games with higher RTP and lower house edge you can improve your odds of meeting wagering requirements and benefitting from the bonuses. In all, these calculations will definitely help you make the right choices.