Calculating Deposit Bonuses and other Rewards Math

Earn a 100% deposit bonus up to $1,000!!

This is always an enticing line that gets the attention of any online gambler.  After all, a huge casino deposit bonus means lots of free cash for new members.  But just because an online casino offers this amount of cash for deposit bonuses doesn’t mean that you’ll earn anywhere close to this amount.  In fact, you could earn much less if you don’t do the math on your sign up bonus since there is a time limit on earning the money.

And this goes for any bonus since you should always know how long it will take you to earn X amount of dollars before making any financial commitment to internet casinos.  That being said, here is a look at how to calculate your deposit bonus in addition to other common rewards math.

Deposit Bonus

Any online casino that’s worth its weight will offer some kind of bonus for the initial signup.  So if you deposited $300, you would be able to get as much as $300 using the standard 100% match model.  The way you earn the bonus varies depending on the online casino where you deposit money.

Some casinos give you the bonus right away and make you wager a certain amount before any cash can be withdrawn; an industry standard is wagering 40 times the deposit amount before withdrawing the bonus.  Obviously the math is pretty easy here ($300 X 40 = self-explanatory) so we’ll avoid any in-depth discussion on this.

The other popular way in which casinos reward deposit bonus money is by making people earn VIP or Comp points.  To set up an example of this, let’s say that an online casino makes players earn 30 VIP points to unlock $1 from the deposit bonus.  Assuming a VIP point is earned for every dollar wagered, it would take you 9,000 VIP points or $9,000 wagered to earn $300.

So finding out how long it would take you to earn the deposit bonus would simply be a matter of calculating how many VIP points you average in a day.  If you wagered $200 a day on average, it would take only take you 45 days to release the $300 amount.  And this is pretty good considering many casinos only give you 3 months to clear the bonus.

Reload Bonus

Calculating the amount of time it will take to earn a reload bonus isn’t much different from the deposit bonus in most cases.  The reload bonus is offered on deposits made after the initial deposit bonus is cleared or expired (3 months have passed).  Reload bonuses are normally smaller than deposit bonuses so you might see a reload bonus offered as 50% up to $400.

Just like deposit bonuses, there are different ways of earning the reload bonus amount, but we’ll stick with the VIP points model.  So if it still took 30 VIP points to earn $1, you would need 6,000 points to unlock the full $200 amount.  If you get a VIP point for every dollar bet, and you wagered $200 a day, it would take you 30 days to get the reload bonus.

It’s important to note that some casinos offer multiple deposit bonuses instead of reload bonuses.  So you might earn 100% up to $500 on your first bonus, 50% up to $750 on your second deposit, 50% up to $500 on your third deposit, and so on.

Gift Card Bonus

One of the newer ways in which online casinos are handing out deposit bonuses is through pre-paid gift cards.  In reality, these gift cards are a gift to yourself as you have to contact online casino to receive them.  Once you have a gift card, it can be used to make deposits, and you’ll normally get a 100% deposit bonus on the first deposit.

After the initial deposit bonus, you’ll get 10% on the subsequent deposits up to a certain amount.  A popular offer on gift cards is a 10% reload bonus up to $1,000 ($100 max).  Sticking with the previous variables of 30 VIP points for $1, you receive 1 point for every $1 wagered, and you bet $200 a day, it would only take 15 days to earn the maximum $100 bonus.

Points Rewards

Besides deposit-based rewards, many online casinos also give out cash bonuses based on how often you play casino games.  This is especially popular for slots where casinos offer Slots Clubs that reward players with cash when they reach a certain amount of VIP points.  And the amount of money awarded is based on how many points they earn in a specified number of days such as 10 days, 20 days, and 30 days.

Here is an example of how this might look:

10 days: 100 points ($5), 500 points ($25), 1,000 points ($50)
20 days: 100 points ($3), 500 points ($15), 1,000 points ($30)
30 days: 100 points ($1), 500 points ($5), 1,000 points ($10)

Assuming you still earn 1 point for every $1 wagered, you would only need to bet $100 worth of money to earn a $5 bonus in 10 days; if you go for 500 points in 10 days, you’d earn $25 instead!

Doing your own Math

Obviously these are all just examples, but this paints the picture of how easy is it to determine your casino bonuses.  All you need to know is how to earn VIP (Comp) points, how long it takes to unlock money in for bonuses, and how much money you wager on average.

Sure there are different bonuses that require a different set of variables, but these are the basics you need to know to calculate your own bonuses.

Speak Your Mind