Slots Bonus Ev Calculator
Here’s a quick example for our Videoslots Casino First Deposit Bonus: Bonus = 100% up to £€$200 with 35x wagering on bonus money. If you deposit the minimum £€$10 you’ll get 100% bonus which equals £€$10 in extra bonus money and you’ll play with £€$20 in total. This calculator lists the expected return of a bonus and chance of a positive return. You can use this calculator to help select a bet size or to check if your results were within normal expectations. The required inputs for this calculator are the game selection, bonus, wagering, and bet size. POKEMON TOOLS - STAT CALCULATOR. This tool will calculate the stats of a Pokemon given its DVs, EVs, Level and species. Video Poker Analyzer Introduction. This calculator will analyze any pay table for many types of video poker games. Select a category and, adjust the pay table as desired, and click the Analyze button.
Refund Bonus - A refund bonus is fairly self explanatory. You deposit using your own funds and if you lose you will receive a refund up to a certain amount. An example may be, deposit £10, get a £10 refund if you lose. Post Wager Bonus - A post wager bonus is applied to your account after you have completed a certain amount of wagering.
Deposit bonuses are a big draw for online gamblers. The idea of getting free money to gamble is alluring
In a past post, I discussed the process of clearing bonuses. That post explained that all casino bonuses come with wagering requirements that must be met before you can withdraw the bonus money or any money won by wagering the bonus.
In many cases, casino bonuses come with a wagering requirement of 20 times the bonus plus deposit amount. So if you make a $100 deposit and get a $100 bonus, you would have to wager 20 times $200 or $4,000 before the bonus has been cleared for withdrawal.
That leads us to today’s topic. How much is a bonus really worth when you consider the clearing requirements and house advantage? You can use a simple calculation to get a rough idea of how much money you can expect to lose, on average, by clearing a bonus.
Calculating the Cost of House Advantage
Let’s say you want to get a standard 100% bonus with a 20x rollover on the bonus plus deposit amount. You like to play Caribbean Stud, so your plan is to place a total of $4,000 worth of wagers on Caribbean Stud in order to clear the bonus.
The first thing you have to do is figure out how much money the house advantage is going to cost. It just so happens that you can calculate the cost of any game’s house advantage by multiplying the house advantage by the total number of dollars wagered in that game:
House advantage x total amount bet = expected value (loss)
The house advantage of Caribbean Stud is about 5.2%. If you multiply 5.2% times $4,000, you get a total of $208. That means you can expect to lose $208 on average for every $4,000 you wager on Caribbean Stud.
.052 x $4,000 = $208
So what this means is that you can expect to lose about $208 while releasing your $100 bonus. In other words, the bonus has actually set you back $108. You got a $100 bonus but you also spent $208 trying to clear it.
Keep in mind the effects of variance. The house advantage calculation only shows what you can expect to lose on average. It is unlikely that you’ll lose exactly $208 after placing $4,000 worth of wagers. You might lose more than that and you might come out ahead. Anything is possible in the short term.
But from a purely mathematical point of view, this calculation shows that given the rules of this particular bonus, clearing it with Caribbean Stud is not a winning proposition. In this case, you would be better off NOT claiming the bonus.
You can use this same basic calculation for any casino game and any bonus. The first thing you have to do is figure out what the exact clearing requirements are. See what the bonus terms are and then compare that to the size of your deposit.
Note 1: The above example is using a standard 20x rollover rule on the bonus + deposit. Not all gambling bonuses have the same wagering requirements. You will need to see the rules of the bonus to find out what the wagering requirements are for that exact bonus.
Note 2: To perform this calculation, you need to know the house advantage of any particular game. You can do it the hard way (by calculating the house advantage manually) or you can simply jump on Google and search for the house advantage of any particular casino game.
Note 3: This calculation does not take into account any extra money that you win by wagering the bonus. There may be times in which you start off winning money right away. That extra money will make it easier to meet the clearing requirements without dipping into your original deposit.
Note 4: Don’t feel like doing the calculation by hand? VPGenius.com has a simple bonus EV calculator here. The calculator doesn’t tell you the exact EV of any bonus, but it does tell you if the bonus is +EV or –EV.
The Quick Crunch casino bonus calculator runs thousands of simulations on any casino bonus to calculate the expected value of any casino bonus. Enter the figures and we’ll tell you the true value of the offer as well as the percentage chance of busting out. You can enter different bonus types, house edge and variance of games to work out how to play each offer for maximum value.
Bonus Types
Cashable Bonus - A cashable bonus means that once you have completed the wagering you can withdraw the bonus as cash. Typically once you have fulfilled the wagering requirements the bonus will be combined with your existing balance and you will be able to withdraw all funds.
Sticky Bonus - A sticky bonus is non withdrawable and can be used for wagering purposes only. For example if you get a 100% sticky bonus and you deposit £10, you will have £20 to play with. Once you have finished wagering, you will be able to withdraw your balance minus the £10 sticky bonus.
Slots Bonus Ev Calculator Monthly
Refund Bonus - A refund bonus is fairly self explanatory. You deposit using your own funds and if you lose you will receive a refund up to a certain amount. An example may be, deposit £10, get a £10 refund if you lose.
Slots Bonus Ev Calculator Time Card
Post Wager Bonus - A post wager bonus is applied to your account after you have completed a certain amount of wagering. For example Deposit £10 and get a £10 bonus after you have wagered £100.
Free Spins - Free spins bonuses are exactly what they say they are. You receive a number of free spins. For the purposes of the Quick Crunch these are free spins that are awarded without requiring a deposit and wagering of an initial balance.
Attributes
Deposit Amount - Enter the amount that you are looking to deposit in this box.
Bonus Amount - Enter your bonus amount in this box. Remember that your bonus will probably vary depending on how much you deposit.
Wagering - Enter the amount of wagering that you must complete to finish the offer. For example if you receive a bonus that must be wagered X10, that would require £100 of wagering before you can withdraw.
Target - With sticky bonus and refund bonuses, enter a target value that you hope to get to whilst playing the offer. The higher the number the greater the chance of busting out.
Max Cashback - Enter the maximum available from cashback on a refund offer in this box.
Free Spins - For Free Spins offers, enter the number of free spins that you will receive in this box.
Max Winnings - Some bonuses only allow you to withdraw a certain amount when completing the offer. If there is a maximum winning amount allowed, enter the value here.
Wager Winnings - With refund bonuses, sometimes the bonus must be wagered before you can withdraw. If the refund bonus needs to be wagered, entered the value of wagering that needs to be completed before you can withdraw it.
Bet Size - To work out the expected value and bust out percentage, you can alter the bet size. Usually the higher the bet size, the higher the bust out rate but the higher the EV (expected value) of the offer.
House Edge - Enter the house edge of the game you are looking to play here. Remember that this is the opposite value to the RTP (return to player), so if a game has an RTP of 95%, the house edge will be 5%. All games need to show the house edge, although it can be tricky to find sometimes.
Variance - The variance relates to the frequency of payouts and their value. Low variance slots pay out smaller winnings more frequently, whilst high variance slots pay out larger wins less frequently.
Type - Enter the game type that you are looking to play here. You can choose from slots, blackjack and roulette.