MOG Casino Bonus Calculator: Wagering and Expected Value
Online casinos constantly try to convince gamblers to register and deposit by offering generous deposit bonuses which can go up to hundreds or even thousands of EUR. While these may look really attractive, the terms and conditions can indicate if a bonus is worth it or not.
💡 We’ve decided to build a casino bonus calculator which will reveal the amount you’ll need to wager based on the contribution % of the games played, but also the expected value of the casino bonus. We hope that this calculator will help you in avoiding bad casino bonuses.
Important to know❗
⚫ The amount that needs to be wagered in order to release the casino bonus to cash usually includes both the bonus and the deposit amounts. Therefore, you need to pay attention to the terms and conditions of the casino bonus.
⚫ It’s essential to include the contribution % of the games you’ll be playing when wagering. You need to read the terms and conditions of the casino bonus in order to find the exact contribution % of the games you want to play. The lower the contribution %, the higher amount you’ll have to wager in order to release the bonus to cash.
⚫ The RTP % (Return to Player) represents an average percentage of bets that the game will return to the players. Therefore, if a casino game has a 96% RTP, it means that (in average) from €10,000 bets it will pay back €9,600 to the players. The RTP of a casino game can be easily found by searching on the page of the casino game provider or on google.
⚫ The expected value of the casino bonus will help you understand how much real money you can win or lose when trying to fulfil the wagering conditions of a casino bonus:
🟢 If the expected value amount is positive (> 0) then the amount will represent the bonus amount you’ll convert to cash after completing the wagering requirements.
🔴 If the expected value amount is negative (< 0) then the amount will represent, in average, the real money amount that you’ll lose while trying to wager the bonus.
❗❗❗ The expected value of a casino bonus represents an average estimation = meaning that most of the players who will get the bonus will reach to this outcome. A positive expected value doesn’t necessarily mean that you’ll be winning money, while a negative expected value doesn’t necessarily mean that you’ll be losing money.
We recommend you to grab only casino bonuses with a positive expected value!
Good luck and don’t forget to gamble responsibly! 🔞