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Learn to Calculate the True Value of a Deposit Bonus

By: Adam Baker, Friday October 18th 2013
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There are deposit bonuses everywhere that you look in the online casino space, but very few people know how to quickly look at the terms and conditions of an offer and decide if it's a good deal. There are a lot of aspects of bonuses that can be easily misunderstood, and this leads to an inaccurate evaluation of their value. Our goal here is to give you a crash course in what gives you value in a bonus and what prevents you from getting it, and in the process, we want to show you what to look out for when calculating the value of a bonus overall.

The absolute first thing that you need to look for is whether or not a bonus offer is cashable once you have cleared the wagering requirements. A cashable bonus can be cashed out after the requirements have been met, and a non-cashable bonus can only be wagered to earn more money. Cashable bonuses are most likely to be favorable for the player, and it's very difficult to get any value from non-cashable bonuses at all. If you're looking for the best deals, go the cashable bonus round.

Once you've found a cashable bonus, take a look at the wagering requirements for the game that you would like to play. This should preferably be a low-advantage game where you'll be earning a high payout rate. Games like blackjack, video poker, Baccarat and roulette typically fall into this category. You want to use the wagering requirements to figure out how much you're going to lose on average before you're allowed to cash out your bonus. It's a pretty simple calculation, but you need all of the data in front of you before you can make it.

For example, suppose that you're getting a 50 percent match bonus on a deposit of $100 with a 20x wagering requirement on the sum of the bonus and the deposit and the house will have a one percent advantage against you in the game that you're playing. You'll be wagering a total of $3,000, and you'll expect to lose about one percent of that which is $30. This means that you'll stand to profit an average of $20 with your $50 bonus. This might be a good deal for you depending on how long it will take to clear the wagering requirement.

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