Every online casino out there appears to be giving all those bonuses for free. When you come across the online casino bonus, you might feel that it’s a fabulous deal. Of course, some of the bonuses that the online casinos provide are really good. However, others may not be as good as they seem. In such a situation, the best possible way to know what’s best is to make comparisons.
By comparing the online casino you’re interested in with others, you’ll begin to understand the math. You’ll have to do some research as well. In some cases, you’ll need to have some advanced math skills. Well, don’t worry. Here, we’ve tried to simplify things a little bit so that you can decide which bonus is good enough.
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Now, let’s delve deeper into the online casino bonuses and try to understand their math.
Types of bonuses and rules
Most of the bonuses that you’ll come across on the online casinos are deposit bonuses. For claiming such bonuses, you’ll need to make a deposit. Some online casinos allow you to withdraw the bonus after you reach a certain threshold. There are some that’ll deduct the bonus amount before cashing out.
Here, we’ll mainly discuss about the bonus that can be cashed out. Going through the rules of the online casino you’re playing helps to a great extent. This allows you to understand the types of bonuses and their deposit and withdrawal rules. Most of the times there are certain details that can help you in using advanced math.
They can also be good reference points when you compare the offers with the ones that other casinos provide. One important aspect is the amount of money you’ll have to stake for clearing the bonus. Second is to see whether it is a standalone bonus or a part of many bonuses.
Return to player (RTP)
Most of the online casino players ignore the return to player or RTP percentage. They think it has nothing to do with the bonus. In fact, you need to begin with the RTP if you want to compare casino bonuses. When it comes to bonuses, house edge plays an important role.
You’ll be able to decide better on the house edge if you know about the RTP percentage. Subtracting the RTP percentage from 100% will help you get the house advantage of the game. Multiply the total amount you’ll get with the house edge for understanding the expected loss.
The math for profit and loss from bonuses
Now, let’s do some calculations. You’ll need to apply a mathematical formula to judge how much a casino bonus is worth. Multiply the house edge with the amount you need to bet for clearing the bonus. Then, you’ll need to deduct it from the bonus amount.
If you arrive at a positive outcome, the bonus will fetch you a profit. If you have a negative outcome, you might end up losing all the bonus amount. You might even lose some of the deposit before you clear the bonus. So, let’s say you’re playing a roulette that has a house edge of 0.4%.
The bonus offered is $100 on a deposit of $100. This is for a total bankroll of $300. According to the online casino terms, you need to play the bonus and deposit 40x for clearing it. So, $300×40 gives you a total of $12,000. Upon multiplying the house edge by 0.4% times $12,000, you’ll have an expected loss of $48.
The bonus is $100 and when you deduct $48, you get a potential profit of $52. So, if you come across something like this, you must grab the opportunity. You’ll see that as you get the hang of it, the math tends to become a lot easier. You must never forget to run the numbers for every bonus offered by the online casino you come across.
The RTP percentage and its math
It’s important for you to know that every casino game has an RTP percentage. A return to player (RTP) percentage is the amount of your bet you might win back. The RTP percentage and bet option of every single game is secured with a match. It doesn’t matter if the casino game uses dice or cards. The games in online gambling are always based on math.
A higher RTP percentage would be an excellent way to improve your results in the casino games. For example, let’s say you’re playing an online slot with an RTP of 94%. You’ll have much to lose in this case compared to a slot game with an RTP of 98%.
A lower RTP would mean a greater possibility of losing a higher percentage of every dollar you’re betting. It’s quite difficult to decide the RTP of casino games. Nevertheless, it would certainly be of help to you when you understand the calculations involved.
You’ll need to begin with simple numbers when you’re trying to crack the math associated with online casino bonuses. The best way to start is by referring to the terms and conditions of the bonuses first. Then, you’ll also need to consider the RTP percentage and house edge of the game.
This will help you immensely in comparing the variety of bonus offers that many online casinos provide. You’ll realize that most of the bonus offers are more or less the same. Despite this, you might find a bonus that leaves some room for making a profit.
This doesn’t always happen, but you might come across such a bonus on rare occasions. You must definitely run the numbers for each of the bonuses. Only then you’ll be able to know whether investing your money and claiming the offer is worth it.