How To Estimate the True Value of Online Casino Bonuses

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BetMGM Aug 03, 2023, 6:19 AM

Bonuses in online gambling should be something to look forward to. The excitement of finding a great deal is undeniable, but there are also deceptive bonus offers out there, used to attract unwitting players who don’t know any better.

With bonuses, wagering requirements and game contributions to work out, it can be challenging for new players to understand all the nuances of bonus calculation. This blog will break it down to the basics and show you how to find the best ways to calculate the true value of these promised bonuses as realistically as possible. 

What Are Online Casino Bonuses?

Online casino games offer a range of bonuses through promotions such as membership deals, daily rewards and free spins. Often marketed as incentives for signing up, these bonuses can vary greatly in terms of profitability. Knowledge of all the factors at play is the only way to make informed decisions about them.

The type of bonus depends on the terms and conditions of the reward. For example, “no deposit bonus money” is a great source of free funds for new players, while “cashback bonuses” require a certain amount of losses over a period of time. While welcome packages often offer promotional spins and “deposit bonuses,” you may have to make multiple deposits before you can reap the promised rewards.

Nowadays, there’s a wide range of bonus options, each with its own benefits and drawbacks. To find the most profitable online casino bonuses, there are four primary factors you need to consider:

  1. Deposit amount.
  2. Bonus percentage.
  3. Wagering requirements.
  4. Game contribution.

For simplicity’s sake, say you’re thinking of signing up for a “100% match deposit.” You put $50 in your account, which gives you another $50 in funds for a total of $100. That should lead to more chances to play, right?

In theory, but in reality, it depends on how much the wagering requirements are for the games on offer. What if the minimum wager has to be 5x the $50 bonus amount ($250)? The only choice is to deposit more funds or walk away, but maybe you’ve put some money away already, so you’re feeling invested and don’t want to waste your deposit.

Even if the wagering requirements are less than your initial deposit, there’s still the RTP to consider. For instance, bonuses in online slots are restricted by the RTP of the game you choose to play. The lower the RTP, the less likely it is that you’ll win your money back before taking further hits to your bankroll.

Last but not least, there are game contributions and time limits. These are predetermined limits that may not give you enough time or leeway to use your bonus, particularly when you have limited time to play or can’t log in regularly.

Calculating Bonuses

When you’re eyeing a tempting bonus, use a proven casino bonus calculator to guarantee no miscalculations. The four numbers needed correspond to the factors mentioned above, namely deposit amount, percentage deposit bonus, wagering requirements and game contribution.

Going with the example from earlier and cranking the game contribution up to 100%, a $50 deposit with 100% bonus and 5x bonus requirement would require you to bet $250 before potentially getting any money back. 

A good online casino bonus strikes a fair balance between investment and enjoyment. Keep in mind that the type of game you want to play could have a high or low contribution percentage, which is why it’s crucial to read the fine print and do the math correctly. If you’re hunting for bonuses, get the most bang for your buck by using one of the free casino bonus calculators available before you make your choice.

How To Maximize True Value

Game contribution can be the deciding factor when it comes to the potential profitability of online gambling bonuses. The good news is that most online slots offer 100% game contribution. On the flipside, live games can often have contributions as low as 10%, while games like bingo tend to go from 0–5%. 

If the game you’re playing only counts for 10%, you would need to bet 10x more than you would with the average slots bonus. To maximize the true value of bonus offers, look for games with a high RTP, like slots and blackjack, then find a contribution percentage that suits your online gambling budget.

Ultimately, your chosen offer must cover estimated losses before you have to top up with additional funds. If you play eligible games to complete wagering requirements with time to spare, you can potentially walk away with tremendous value for your money.

Join Borgata Online for Bonuses Galore

For worthy sign-up incentives, alluring membership bonuses and exciting rewards, register with Borgata Online and uncover great promotions with high value. Find the perfect game to suit your needs and standards, whether it’s online slots and roulette or popular card games with live dealers. There’s also sports betting to look forward to, with live tracking of odds and statistics to ensure your favorite sports wagers go off without a hitch.

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.