As you already know, the odds are always in casino’s favor and that’s why players can’t beat casinos. The house has the edge, but it doesn’t mean players can’t make money. They can do so by using casino bonuses and offers. Welcome offers for new players are a common thing and many casinos also have all sorts of weekly or daily promotions. There are plenty of opportunities you can use if you want to make money with casino bonuses. If you want to get into details regarding casino bonuses, keep on reading and discover how to turn the tables and make things more favorable for you when you play online.
Calculating the Expected Value
Before you start playing, you should definitely check out the expected value of casino bonus. Expected value (EV) is the amount players can expect to profit from casino bonus on average, and it takes a little math to calculate it.
For example, the deposit amount for £50 casino bonus is £10, and the wagering requirements are the bonus amount + the deposit amount x 24. When you add £10+£50 and multiply it by 24, you get £1,200. In other words, a player who decides to accept this bonus has to place £1,200 of bets before the withdrawal of the bonus.
Different games contribute to the wagering requirements differently. Blackjack game contributes 50% towards the bonus, and you should know that clearing the bonus requires wagering twice as much. Don’t forget to read the terms and conditions of the bonus carefully, so you can calculate the expected value and decide if you want to accept the casino bonus or not. The reason why slot games are widely popular is that they contribute 100% towards the bonus.
Return to Player (RTP) is the edge the slot has for the casino. If RTP is low, it means that the casino is making more profit from the player, so try to avoid slots and other games with low RTP. This percentage is usually around 95%. For example, if the RTP is 98.1% players expect to receive back £98.10 for every £100 they wager. The casino’s edge will be 1.9%, which means that if you place £1,200 of bets, the casino will profit £22.80. The player who deposited £10 will receive £50 casino bonus, from which £22.80 goes to the casino and the player is left with £27.2. This is how casino bonuses usually work. Needless to say that you have to be very lucky to meet all the wagering requirements.
Find the Perfect Casino Bonus
There are so many different online casinos nowadays and it can be time-consuming trying to find the perfect casino bonus by yourself. The good news is that you can find the list with top-rated online casinos and check out their expected values. You can visit MatchedBets and OddsMonkey in order to find casino bonuses that are truly profitable.
If you choose to accept risk-free casino and low-risk casino offers, with some luck, you can make money. You’re less likely to make money with medium and high-risk casino offers, so pay attention and read the instructions carefully.