How Much Is an Online Casino Bonus Really Worth?

Online casino bonuses can appear to be very attractive when you're thinking about signing up with a gambling website. While some casino bonuses can be an excellent way to stretch your bankroll, there are some offers that will actually cost you in the long run. Here's what to look for.

Wagering Requirements

Every casino bonus has certain terms and conditions that accompany it. These policies provide all of the details required to be eligible for the bonus, as well as the conditions that must be met to collect winnings from the bonus. The wagering requirements state the amount that must be wagered before winnings can be collected. It's usually 15 to 30 times the amount of the bonus plus the deposit.

Game Restrictions

Usually, bonus money can only be used to place bets on certain games. Slot machines are very popular and also carry a high house edge so most online casinos encourage players to spend their bonuses on slots. Games with a lower casino advantage, like baccarat and blackjack, may contribute a small percentage toward the wagering requirements, if they count at all.

Calculating the Value

The house edge is an important factor to consider as well. Typically, the amount wagered, multiplied by the game's house edge will determine the player's expected loss. Calculating the expected loss of a bonus is a little more involved. First, you'll need to multiply your deposit plus bonus amount by the wagering requirement. This amount is then multiplied by the game's contributing percentage and finally the house edge.

More often than not, online casino bonuses look much more attractive than they actually are. Read the conditions carefully and wager on the most profitable games to make the most of your bonus.

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