What is a Casino Bonus Calculator?
This specially designed calculator studies the wagering requirements and bonus estimates so as to come up with the best amount of money for you to bet.
Each game would obviously have its different estimates calculated in its own right.
Essentially, this is what the wagering calculator does:
- The best amount of money to bet for a particular game.
- The right amount of money to spend when claiming a bonus or a deposit.
- Roughly estimate wins through RTPs and game contribution
There are numerous kinds of online wagering calculators. Below we will discuss some of the most used and how do they exactly work.
How to Use the Casino Bonus Calculator
Different providers and software cater to different bonus calculators. Even though they all have their own specificities, they all follow the same logic.
We are enlisting the main types of wagering calculators used and what variables they feature.
The Free Bonus Money Calculator
This is a free easy-to-use service that will calculate the ideal wagering amounts you need to bet in order to get positive winning results.
The free bonus money calculator is not a winning guarantee but rather a guide that puts all wagering requirements into account and will calculate for you the best possible amounts for you to bet.
The free version is more simplistic in the sense of how it is used, and it requires four basic steps:
- Take your time to choose your casino
- Enter the money amount in the free calculator
- The wagering requirement is an amount that will come out automatically. It will change according to the data you enter.
- Use the wagering requirement amount to bet accordingly.
To give a hands-on example of what is being said above: picture yourself having received a C$20 bonus amount. You insert that amount in the Free Bonus Money Calculator and the wagering requirement comes out as 50. this means that the calculator suggests you bet C$20×50 for bonus withdrawal.
The Deposit Match Calculator
The deposit match calculator is very similar to the above, but it requires more steps and requirements. Therefore the results are slightly more specific and you will be able to see what more you can get from your bonus.
The process outlines more steps:
- Choose a casino that offers a bonus
- Set the wagering conditions (bonus only or bonus + deposit)
- Enter the deposit value in the calculator
- Set the deposit match (%age value)
- Set the bonus’ expiry date
- Set the wagering requirements (these have come out automatically but you can amend accordingly)
- All has been set and done. Your wagering amount will appear on the screen.
As you can see, the deposit match calculator has more variables. Most significantly the Return To Player (RTP) of a specific game is considered. Other important variables such as the game contribution %age as well as the multiple wagering requirements are also contributing to finally calculate the theoretical win amount.
Call out box: What is a Bonus Hunter?
Everyone likes a good bonus, so if you’re a player then you’re naturally a bonus hunter. Specifically, the term ‘bonus hunter’ refers to a player who is specifically seeking betting bonuses.
These are players who are constantly on the lookout for welcome bonuses as well as online casino bonuses.
And yes, a casino bonus calculator will help you hunt down the best bonuses in town.
Why is a Bonus Calculator Important?
There are many different bonuses out there. What the bonus calculator will do is it will study which and what bonuses are well-suited for you and which are not.
What the bonus calculator will do is it will calculate different criteria such as the comparison of all the different bonus offers, view different cases of theoretical winnings, your specific budget, your deposit and withdrawal options and your safety.
The bonus calculator will finally help you hunt down the best bonus offers for you to reap the best benefits from.
The term ‘weekend warriors’ is sometimes also used alongside the term ‘bonus hunter’. It refers to those who manage to find the best deals that have a short valid window where you can apply.
Weekend warriors enjoy the rush of a good bonus that expires in just a few hours.
The best thing about these short-lived bonuses is that they have low wagering requirements. So keep a lookout.
Here you can also reap the benefits of claiming a bonus. Just like in the provided information above, once the wager requirements have been met, the bonus calculator will tell you how much you need to bet.
Some online casinos have a full 100% contribution allowed in their table games bonuses, and some go as low as 10%. How you proceed depends according to the need of the game and how best to proceed with differently specified wagering requirements.
What is the Theoretical Expected Outcome from a Casino Bonus?
The Theoretical expected outcome is generally calculated over these four main variables:
- The deposit match
- The wagering requirement
- The RTP%
- The game contribution
All the above criteria will be calculated thoroughly and will finally present you as a player with the best possible theoretical win.
We are providing a case in point so it’s clearer to understand:
You have a x10 wagering requirement and you need to bet C$100. The RTP of that particular game is 98% so the theoretical outcome would be C$18.
Is the Theoretical Expected Outcome Reliable?
RTP is a theoretical percentage by which value is calculated over 100 spins. The logic behind it is that the more you play, the more the RTP %age becomes attainable.
Again, the RTP is in no way a guarantee but rather a guideline to give you an idea of a winning outcome.
What are the bonus wagering requirements?
A popular way to motivate new players to subscribe to an online casino is to offer attractive welcome bonuses.
Different casinos offer different welcome packages but if we had to set an average, the bonus generally revolves around x35. This is generally indicative of the money you need to bet for the bonus to be converted to cash, so it can be then finally withdrawn.
Each welcome bonus has its own set of terms and conditions, with its own wagering requirements. For example, a welcome bonus can include a wagering requirement that stipulates that a bonus is only applicable if tied to a specific deposit. Other specific examples are mentioned below:
Imagine you get C$100 in bonuses from the casino. if we take the x35 average, that means that you need C$3,500 to clear any winnings.
Bonus + Deposit
Again, taking the x35 average, if you deposit C$100 and get an equivalent C$100, then the wagering requirement is that of C$7,000.
These generally are used for Free spins. Once you use all of the spins, you then need to multiply your win x35 so as to see how much is best to bet.
Should you Claim a Casino Bonus tied to a Wager?
You are in no way obliged to claim a welcome bonus, but if you do, all bonuses have wagering requirements and that’s standard for all online casinos.
It is for such reason that a bonus wager calculator exists – it is there to help you calculate how much the bonus will cost you for you to claim it.
Should You Ever Opt Out of a Bonus?
If a bonus does not fit with your budget, you always have the choice to opt-out of it.
Remember that the bonus wagering can be calculated by the Bonus Calculator that will help you decide how and if to proceed with a bet or not.
Should you Take a Bonus if you Play Blackjack or Roulette?
Remember to always look out for game contribution when it comes to table games such as Blackjack and Roulette. Some bonuses for table games can go as low as 10 or 20% and we would suggest skipping such a bonus.
Some online casino providers, however, contribute 100% and in this case, we suggest you consider taking the bonus. Even though, and keeping in mind, that 100% is not a guarantee.
Make the best use of your bonus
The best game providers give out bonuses so that their players can kick off their playing journey with a good start.
The bonus calculator we have provided is set up just so you can make the best from the bonuses such platforms are providing for their players.
The bonus calculator is there to help you out. It calculates for you all the necessary wagering requirements as well as the game’s specific RTP and contribution. Finally, the calculator will give you a much clearer idea of if and what to bet.
Make the best of the wagering calculator. We wish you a happy bonus.