Bonuses are every thrill seeking casino enthusiast’s best friend as we’re able to get extra money by just playing as we normally would. This is more or less always beneficial for us, but if we’re looking to make as much of a profit as possible, there are a few important things we need to understand. That’s why we have created the following article where we list the 5 most important things you should know when maximizing the value of a casino bonus.
1. You can actually beat the casino
Over and over we’ve been told that casino games should only be considered as a fun pastime as the gambling operators will always have an edge on us players. The fact is that this isn’t necessarily true. We can never beat the actual casino games as these are programmed against us, but by using bonus offers we can in fact turn our disadvantage from the games into a long term profit playing casino.
It may all sound too good to be true, but we assure you that it’s not. It’s all about taking part of the right offers and using them correctly. It’s not even difficult when you know how to do it, but it will require some passion and although you’ll be guaranteed a profit, it won’t make you a millionaire.
2. The lower the wagering requirement, the better
The key to maximizing your profits from promotional offers is taking part of casino bonuses with low wagering requirements. As you may already know, the vast majority of bonuses must be turned over a certain amount of times before you’re able to cash them out. Should you get a bonus of $100 extra when you’re making a deposit of $100, it may be that your received bonus must be turned over 10 – 30 times.
Getting extra money is great, but being forced to play is not as you will always have the odds against you, meaning that you’ll lose in the long run. Therefore, the lower the wagering requirement you can get on a bonus, the better it is for your bankroll as the sooner you’ll be able to cash out all of the extra money the casino has handed you.
3. Use your bonus on games that have a high RTP
Another important factor in getting the most out of a bonus offer is playing games that have a high RTP (Return To Player). RTP is the edge that operators have on players as every game at a casino has one that’s lower than 100%. It can be anything from as low as 85% up to more than 99%. This means that for every $100 wagered on a game you’ll receive $85 to more than $99 back depending on the value of the RTP.
This is a huge gap and as a bonus must be turned over several times, picking a game with a high RTP is crucial if you would like to maximize the value of it. The higher the RTP, the more money you’ll be left with once the wagering requirement is fulfilled. 4. Understand that different games have different conditions
This is not always the case, but for the vast majority of bonuses the wagering requirement you have to fulfill is different depending on the type of game you’re playing. All slots are usually the same, but with table games such as Roulette and Blackjack it’s common that the turnover requirement stated in the bonuses’ terms and conditions is actually much higher.
This is simply because all other game types than slots often only contribute to the wagering with a low percentage. It could for instance be that any wagering done on roulette is only contributed by 10%, which means that a turnover requirement of 30x would actually be as much as 300x when playing roulette.
Understanding the bonus conditions is essential as picking a game with a high RTP won’t matter if this game is actually increasing the wagering requirement by a tenfold.
5. Know your math
Maximizing the value of bonuses is easy as long as you follow step 2, 3 and 4, but if you’re also into making a guaranteed profit from the offers you need to know your math as well. Figuring out if a casino bonus will be profitable for you in the long run or not is calculated by multiplying the total amount that needs to be wagered with the edge that the casino has on the game you’re playing.
Let’s say you’re receiving a $100 bonus that comes with a 30x wagering requirement. This means that you have to turn over a total of $3000 before you’re able to cash out. If you do all of this wagering on a game that have an RTP of 98%, the casino will have an edge of 2%.
By multiplying the total wagering of $3000 with a decimal value of the casino edge (0,02), we get a sum of $60. This sum is showing how much you’re expected to lose once you have fulfilled the turnover requirement in the game. As you received a bonus of $100 and only expect to lose $60, taking part of such offer would make you a guaranteed long term profit of $40 if used on a game which has an RTP of 98%.