What is the Bonus or Wagering Calculator?
A bonus wagering calculator is software developed to help players acquire important information about bonuses before they sign up to use them. Top casinos and game providers in Canada also offer this option.
Its purpose is to tell you:
- How much money you need to wager to withdraw any winnings.
- How much money you need to spend when you actually claim a bonus or a deposit match.
- A rough estimate on any potential wins that are based on the game’s RTP and contribution.
As you score the internet you’ll come across a number of different calculators pertaining in one way or another to online ga,ing and particularly to calculating bonus wagering.
In this article, we’ll cover the different kinds of bonus wagering calculators, as well as, how they can help you choose those bonuses that add value to your casino experience.
The Free Bonus Money Calculator
As the name suggests, this program is entirely free to use and it calculates how much of your own money, or winnings, you need to stake to clear the wagering requirements.
The calculator requires the input of two numbers:
- The bonus amount
- Applicable wagering requirements
- Watch the results unfold
By means of making an example, let’s say you’ve received C$10 in bonus money and wagering requirements of x40 apply. This means that you have to gamble (C$10×40) C$400 to withdraw the bonus and any winnings.
The Deposit Match Calculator
The deposit match calculator works slightly different as it:
- Calculates the money you’re left with after your deposit match.
- The associated wagering requirement.
- A theoretical win value.
This type of calculator is programmed to go over more variables in a bet to help you see everything you’re getting from the bonus.
It allows you to enter information about games’ contributions if not all games contribute 100%.
Our deposit match calculator provides you with a theoretical win prediction based on the RTP (Return To Player)percentage of the game.
The deposit match calculator set up comes with a right panel where you can find:
- Free bonus money – you input the bonus amount you will receive.
- Play money total – this is the bonus amount and your deposit as a total.
- Amount to be wagered – wagering requirement imposed by the casino. This can either apply to the bonus only or to the bonus and your deposit.
- Theoretical win – this is calculated on the
- RTP percentage of the game
- Game contribution percentage
- Play money value
- Wagering requirements
As the name suggests, the theoretical win value is just that, theoretical, and far from an accurate prediction.
Instead, it is a known fact, that games with a high RTP percentage tend to deliver more frequent wins, while low RTP games tend to pay less.
But again, you have no guarantees, as even the RTP percentage is a theoretical number. This proves, that in gambling sometimes you win more and sometimes you lose more!
How to Use the Casino Bonus Calculator
The use of a casino bonus calculator depends on the particular software being used and its overall setup.
In some programs, you can even customize your variables. Let us show you how!
The Free Bonus Money Calculator
- Choose a casino offering a casino bonus
- Watch the results unfold
With this type of calculator, you don’t need to input any details. All you have to do is open the casino of your choice and wait for the calculator to show its results.
The bonus money total will appear under Total Play Money. This is the amount you have to wager to eventually withdraw your winnings.
Again, you need to take into consideration that not all games contribute equally towards the wagering requirements.
The Deposit Match Calculator
- Choose a casino offering a bonus
- Amend the wagering conditions as needed (bonus only or bonus + deposit money)
- Enter your deposit value
- Amend the deposit match (default is 100% but you can amend it if it is different)
- Bonus expiry day + wagering requirements (these appear automatically if you have choosen a casino but can be amended manually)
- Results appear once you’ve set up all the above information.
As you amend the above values you can see the results change in real life. This allows you to experiment with the values as you see different results unfold.
This makes it easier to compare bonuses and choose the right offer for you.
Call out box: What is a Bonus Hunter?
Are you the kind of player that always analysis the way a bonus can put you ahead of the house? Are you always looking for the next best welcome bonus? If you do, then you are a bonus hunter! The Casino Bonus Calculator can help you effectively hunt for the best bonuses around!
Why is a Bonus Calculator Important?
There are several ways in which a bonus calculator can help you
- Determine how much money you need to stake to withdraw your winnings
- Compare various offers
- View theoretical winning scenarios
- Hunt for the best bonuses
- Decide if a bonus is suitable for your preferences
- Play responsibly
Simply put, a bonus calculator helps you determine whether a bonus is right for you or not. It helps you streamline the decision process and make informed choices that put you ahead of the game and possibly even the casino.
It doesn’t matter if you are an amateur or a professional player, bankroll management is key for a successful gaming experience. It is also a great tool that helps in playing responsibly.
Slots players will find this bonus calculator really helpful as most bonuses are associated with online slots.
Furthermore, online slots are usually the only casino games that contribute 100% towards the wagering requirements.
You can even calculate how many free spins you can get out of the bonus. And don’t forget, if luck is on your side, you might land one huge win in a swoop.
The weekend players
A casino bonus calculator can be helpful too if you play in short bursts or wait for friends get-togethers to play.
The bonus calculator can help determine how much you need to spend to clear a bonus. One thing to keep in mind is that bonuses with low wagering requirements tend to expire more quickly.
Don’t dismiss them right off the bat! They might be the solution if you have a limited budget, or as we have established, you only play over the weekend.
Table game players
How!? Don’t forget that table games tend to contribute a lot less than slots and a bonus calculator can tell you exactly how much you need to bet to eventually clear the wagering requirements.
You’ll find few if any, casinos where table games are allowed to contribute the full 100%. In most cases, the game contribution is as low as 10%. With such a low contribution, a bonus calculator can show you that perhaps it is not to your advantage to claim the bonus after all if you intend to use it on table games!
What is the Theoretical Expected Outcome from a Casino Bonus?
The theoretical win is based on a number of factors which have been listed down below for you:
- Deposit Match Bonus
- Wagering requirement
- Game contribution
The theoretical win result is based on the comparison of all of these factors.
To make it easier to understand how it works, we’re going to take a scenario as an example: you deposit C$100 and receive a 100% deposit match that comes with wagering requirements of x10. The game of your choice has an RTP of 98% and contributes 100%.
- Deposit match bonus – 100%
- Wagering requirements – x10
- RTP – 98%
- Game contribution – 100%
With an x10 wagering requirement, you need to wager C$1,000 of your own money. With a game RTP of 98%, the theoretical outcome would be C$180. One thing to keep in mind is that the RTP is a theoretical number calculated over hundreds of spins. This means, in reality, you might win more or lose more!
Is the Theoretical Expected Outcome Reliable?
As we have explained, the RTP is a theoretical number calculated over hundreds of spins. The more you play the closer you get to realising that RTP percentage, however, it is a result that can only be achieved in the long term.
In the short term, you can either win more or lose more. It is a matter of luck.
The RTP is there as an average and might not necessarily reflect your experience.
What are bonus wagering requirements?
Online casinos attract players by offering a welcome bonus to new registrants. This can be anything from Free spins to bonus rounds.
These can vary greatly from casino to casino, but the industry average is usually x35. Anything under 35x is generally considered as a low wagering requirement bonus. This number usually indicates the amount of money you need to bet to convert the bonus into cash or to withdraw any winnings accumulated from the bonus.
One thing to consider when choosing a bonus is whether the wagering requirements are applicable only for the bonus or the bonus + the deposit. There is a huge difference in the amount you need to bet, as we shall see down below.
Bonus amount only – If you receive C$100 in bonuses from the casino, then it means you need to bet C$3,500 or your own money to clear any winnings (we are taking wagering requirements at x35 in our calculation).
Bonus + deposit – If you deposit C$100 and receive C$100, then you need to wager C$7,000 to clear the wagering requirements (wagering requirements are being calculated at x35).
Win amount – Wagering requirements applicable to your wins are usually reserved for free spins. Once you use all of your free spins, you need to multiple your won amount by, let’s say, x35, to figure out how much you need to bet to be able to withdraw them.
|Did you know?|
|There are online casinos that offer limited-time offers that feature no wagering requirement needed.|
Should you Claim a Casino Bonus tied to a Wager?
There are two things to keep in mind before you claim any casino bonus:
- Almost all bonuses come with wagering requirements. It’s how casinos remain in business.
- You can choose not to claim the bonus. No casino can force you to make use of their bonuses and it is always your decision in the end.
This is where the casino bonus calculator can come in quite handy. It allows you to calculate how much the bonus will cost before you claim it.
Should You Ever Opt Out of a Bonus?
Yes! If a bonus does not suit your budget or particular preference then you should go ahead and opt-out of the bonus.
The game contribution is key to clearing those wagering requirements and you should always check how much your favourite games contribute. It makes no sense, after all, to claim a bonus if your preferred games don’t contribute anything or just the minimum.
Should you Take a Bonus if you Play Blackjack or Roulette?
At most casinos, table games’ contribution is only 20% and this makes certain bonuses rather expensive. In such cases, it makes more sense to opt-out of the bonus.
If, on the other hand, you manage to stumble upon a bonus that allows 100% contribution from table games, then that is a bonus worth claiming!
You can now make the most of you bonus!
Casino bonuses are meant to put you ahead of the house and give you a much-needed bankroll boost. However, not all bonuses are designed equally.
Wagering requirements, game RTP and contribution, play an important part in determining whether a bonus is worth claiming or not.
Our casino bonus calculator was designed to take all of these factors into consideration and help you decide what’s best for you.
So go ahead! Make as much use of Canadacasino.com’s casino bonus calculator as much as you want to!