This is how to Choose your NEXT NetEnt Bonus: Formula REVEALED!!

Before you decide to choose your next NetEnt Bonus, it is probably smart to calculate the Expected Value first.

This will help you determine how easy it will be to convert that bonus into stone cold CASH!

What are the odds of you coverting a NetEnt Bonus into Real Money?

Wouldn’t it be helpful to know what the odds are of you converting your bonus into real money before you commit to making a deposit at a NetEnt Casino?

Well now I can share with you the formula for you to calculate the probability of converting a bonus into real money by calculating the Positive Expected Value (EV+) or the Negative Expected Value (EV-).

The Expected Value (EV) is simply the expected amount returned on every wager or bet made.

You are always looking for a Positive Expected Value EV+, as this indicates that the probability of turning that bonus money into real cash is highly likely.

You can also consider taking some bonuses where the Negative Expected Value (EV-) is not too big. In this case you could have some luck and still manage to end up ahead of the house.

In general, most casino bonuses are (EV-) because the casino is trying their damndest for you to not convert the bonus into real money.

As we all know, a casino is not in the business of giving out free cash.

The best way to understand this formula is by taking real life examples.

I am only going to deal with Slots as casino games such as blackjack, roulette and video poker are usually not permitted to play with bonus money or contribute something ridiculous like only 10% towards meeting wagering requirements.

Example 1

So for example, you sign up at Omni Slots.

Omni Slots offers a 100% Bonus up to €300 and 50 Free Spins on your first deposit.

So you deposit €100 and get a €100 bonus.

You then play only the Fairytale Legends: Hansel and Gretel Slot which has an (Return to Player)RTP* of 96.71%.

*This is a very good RTP.

**You can find any NetEnt Slot RTP on our NetEnt Casino Games list.

You will now need to determine the House Edge of playing the Fairytale Legends: Hansel and Gretel Slot.

The House Edge is the profit the casino makes on every bet or wager you make.

This means that the House Edge when playing the Fairytale Legends: Hansel and Gretel Slot is 100%-96.71% = 3.29%.

What this means is that for every €1 you bet , the casino will get €0.0329.

So lets evaluate and list the variables:

NetEnt Bonus: €100

House Edge (Fairytale Legends: Hansel and Gretel Slot ): €0.0329

Wagering requirements at Omni Slots: 40xNetEnt Bonus.

So the Expected Value (EV) = (wagering requirements)x(house edge)

= (40x €100) x (€0.0329)

= €131.60 (an Expected Loss of €131.60 over the wagering requirement)

So what this means is that you can expect to lose about €131.60 while releasing your €100 bonus. In other words, the bonus has actually set you back €31.60. You got a €100 bonus but you also spent €131.60 trying to clear it.

EV= €100 – €131.6

=- €31.6

So the Expected Value in this case is negative, EV- is – €31.6, meaning you would lose your bonus by the time you would have completed your wagering requirements.

Important: This is purely theoretical and therefore does not take into account the money you would be winning while playing this slot that would vary the probability of you completely loosing all your bonus money.

Example 2

Lets consider an example of getting a bonus at Casino Ventura which has lower wagering requirements.

Casino Ventura, offers a 100% Bonus up to €100.

You make a €100 deposit and get a €100 Bonus.

Once again you play FairyTale Legends:Hansel and Gretel Slot which has an RTP of 96.71%.

The House Edge is: €0.0329

Wagering Requirements at Casino Ventura are 30xbonus.

So the Expected Value (EV) = (wagering requirements)x(house edge)

=(30x €100)X(€0.0329)

= €98.7 ( an expected loss of 98.7 over the wagering requirements)

So what this means is that you can expect to lose about €98.7 while trying to convert your €100 bonus. In other words, by the time you have completed the wagering the bonus you would have only converted €1.30 into real money. You got a €100 bonus but you also spent €98.70 trying to convert it into real money.

EV = €100- €98.7

EV+ = €1.30

So in this case, the Expected Value is positive, EV+ is €1.30, over the wagering requirements.

This means that you would be able to just comfortably complete your wagering requirements and turn the bonus money into real money without actually losing any of your own money.

Important: This is purely theoretical and therefore does not take into account variance resulting from the money you would be winning that would vary the probability of you completely loosing all your bonus money or finishing the wagering sooner because of an early big win.

Example 3

The only casino which has lowest wagering requirements (15xbonus) is Casino Winner.

If you played at Kroon Casino, you would get a very comfortable EV+ and be able to convert any bonus money into real cash.

NetEnt Bonus: €100

Wagering requirements: 15xbonus

House Edge on FairyTale Legends: Hansel and Gretel Slot: 0.0329

Expected Value = €100 – (wagering requirements)x(house edge)

=(15x €100) x (0.0329)

= €100 – €49.35

=  €50.65

So what this means is that you can expect to lose about €49.35 while releasing your 100 bonus. In other words, the bonus has actually gained you €50.65 in profit. You got a €100 bonus and you only spent €49.35 trying to clear it.

So the expected value is positive, EV+ is €50.65 .

This means that you would be able to comfortably complete your wagering requirements and turn the bonus money into real money.

Example 4

You sign up at Klaver Casino which also has low wagering requirements meaning that the likelihood of a EV+ outcome is possible.

Klaver Casino Offers a 100% Bonus up to €150 + 25 Free Spins.

You once again deposit €100 and get a €100 Bonus and set out to play FairyTale Legends: Hansel and Gretel.

Therefore:

NetEnt Bonus: €100

House Edge: 0.0329

Wagering requirements: 25xBonus

EV = €100 – (wagering requirements)x(house edge)

= €100 – [(wagering requirements)x(house edge)]

= €100 – [(25×100)x(0.0329)]

= €100 – €82.25

= €17.75

The Expected Value is positive (EV+ = €17.75) so this is another good welcome offer.

So what is key to help you along is:

1. Play games with high RTP’s, 96% and above, all NetEnt Casino RTP’s are listed on the NetEnt Casino Games List.

2. Choose a NetEnt Bonus from a casino with low wagering requirements. What you will find is that casinos will usually seldom give wagering requirements of under 30xbonus because then the probability of the player turning the bonus money into real cash will be much easier.

3. Only play Slots when you have an active bonus and please read the Terms and Conditions at each casino as some slots don’t contribute 100% to meeting wagering requirements which will make the House Edge bigger and the probability of you busting out even greater.

4. Check out our Fast Paying NetEnt Casinos list, most of these casinos have reasonable wagering requirements on the bonus giving you a better chance of converting the bonus into real money.