EV (Expected Value) of Online Casino Offers
EV, or expected value, is a measure of the expected return of a given offer or investment. In the context of online casino offers, it’s used to determine the overall value of a bonus or promotion. To calculate the EV of an online casino offer, you’ll need to do the following:
- Determine the bonus amount: The first step is to determine the bonus amount being offered by the online casino. This could be a percentage of your deposit, a set amount of free spins, or a cash prize.
- Calculate the wagering requirements: The next step is to calculate the wagering requirements for the bonus. This is the amount of money that you’ll need to wager in order to be able to withdraw your bonus winnings. For example, if the bonus is a 100% match up to $100 with a 25x wagering requirement, you’ll need to wager $2,500 before you can withdraw your bonus winnings.
- Determine the expected return: The next step is to determine the expected return of the bonus. To do this, you’ll need to calculate the expected return of the bonus using the payout percentage of the games you’ll be playing. For example, if you’re playing slots with an average payout percentage of 96%, your expected return would be 96% of the bonus amount.
- Subtract the wagering requirement: Finally, you’ll need to subtract the wagering requirement from the expected return in order to determine the EV. For example, if the expected return is $96 and the wagering requirement is $2,500, the EV would be -$2,404.
It’s worth noting that the EV is a theoretical value and actual results can vary, the best way to evaluate a casino offer is by checking the terms and conditions and calculating the expected return for each game you plan to play. It’s also important to keep in mind that the EV calculation is only one of the factors to consider when evaluating an online casino offer, other factors such as the reputation of the casino, the availability of games and support should also be taken into account.
