Online Casino Bonus Calculator
When you claim a bonus at online casinos, you are often required to wager a certain amount before you can withdraw any winnings. Using this information, you can make informed decisions about whether a particular bonus is worth claiming. We explain how to calculate the wagering requirements and choose the right bonus offer.
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Bonus Money: How to Calculate Your Bonus
Calculating bonus money in online casinos can vary depending on the type of bonus and the terms and conditions of the casino. Here are some common methods:
- Percentage-Based Bonus: If the bonus is based on a percentage of your deposit, simply multiply your deposit amount by the percentage to calculate the bonus amount. For example, if you deposit $100 and receive a 50% bonus, the bonus amount would be $50.
- Fixed Amount Bonus: If the bonus is a fixed amount, the calculation is straightforward. The fixed amount is the bonus you will receive, regardless of your deposit amount.
- Free Spins Bonus: For free spins bonuses, the calculation is usually based on the number of free spins you receive and the value of each spin. Multiply the number of free spins by the value of each spin to determine the total bonus value.
Using a Bonus Calculator
Bonus money calculator allows you to ascertain the wagering requirements for your bonus and the total amount you require to wager to meet those requirements. However, those who are a novice to bonus offers may come across some terminologies which can be a bit confusing. So, let’s look at the different sections of the online bonus calculator and understand what they actually mean.
Deposit Amount
The deposit amount is the real money you’ll deposit in your casino account. This amount ranges from casinos’ minimum deposit to getting their bonus up to the set limit. For convenience, you can use the up/down tool.
Currency
You need to choose the denomination you will use to play from the dropdown menu. They range from British Pounds, US Dollars, CA Dollars, Euros, AUD$, Crypto (Bitcoin) amounts, etc.
Wagering Requirements
These are sometimes referred to as “playthrough amount”. It is the multiplier amount your bonus funds require to be wagered before it is released as cash that can be withdrawn. Thus, you need to input the number of times to wager the bonus. For example, if the wagering requirements of a casino are 25x, then enter 25 into field.
Game Contribution Percentage
This is the amount a game can contribute to your requirements. The value differs from 100% contribution to a mere 10%. In most cases, the slots games contribute 100%, while classic table games tend to contribute less. Thus, if a game’s contribution is 100%, you must key in 100 in field.
Bonus Percentage
This is the percentage in which a casino will match your bonus money to be received with the amount deposited. In this field, you need to input the bonus percentage rate. Most casinos offer 50%, 100%, or 200% as bonus rates. For example, if a casino offers a 100% bonus of maybe 100 Canadian dollars/US dollars/AUD/Euro/Pounds as a welcome bonus, you need to enter 100 in this field.
Deposit Bonus Limit
This is the maximum bonus amount offered by an online casino. In this field, you must key in the maximum amount of money to be added to your casino account.
Bonus Type
Depending on the conditions of the offer, you can either go for “Deposit + Bonus” or “Bonus Only”.
Bonus Wagering Requirements Explained
As said earlier, wagering requirements (playthrough) are the restrictions that online casinos put on their bonuses before the winnings can be redeemed into real money or can be withdrawn. The wagering requirement is normally expressed as a multiple of the bonus amount, like 20x, 30x, 40x, 50x, etc.
For example, if a player gets $500, which has a wagering requirement of 20x, then the wagering requirement will be $10,000.
Remember, every casino game contributes equally to meeting the wagering requirement. Usually, slots contribute 100%, while video poker and table games contribute 10% or less. Therefore, the player who plays only table games may require to wager more to meet the requirement than a player who plays slots only.
Tips on How to Calculate a Casino Bonus
- Use Accurate Details: When utilising the calculator, you must input accurate details, like the bonus amount, game contributions, and wagering requirements. This will ensure that the calculator accurately estimates the total wagering amount needed to play.
- Keep Track of Your Progress: The moment you start playing using your bonus funds, you need to keep track of your progress towards meeting all the wagering requirements. This will assist you in determining how much more you require to wager and the amount of time left to do so.
- Carefully Read All the Terms and Conditions: Before you accept any casino bonus, you need to make sure that you carefully read all the related terms and conditions. This will assist you in understanding the game restrictions, wagering requirements, and other important details that can affect your ability to withdraw your winnings.
