Simple Tests for the Profitability of Cashable Bonuses

Cashable bonuses are one of the best types of offers that you can take advantage of in the online casino industry because they have the potential to impact your bankroll in a direct and concrete way. Instead of having to wager the bonus and hope you win to have something you can cash out, cashable bonuses can be withdrawn as soon as you have completed the wagering requirements. This creates a situation where a bonus can be profitable on its own depending on what games you’re playing, and we have some simple tests that you can use to figure out if your offer is profitable or not.

To perform this test, you’re going to be comparing two numbers. The first number is how much money you’re going to have to spend, on average, on the wagering requirements. This is a simple, straight-forward calculation where you multiply the house advantage in the game you plan to play by the dollar amount of the play-through requirements themselves. For example, if you have to play through $4,000 worth of wagering requirements on a game with a 2.7 percent house advantage, then you’d do 4000 * 0.027 = to get $108, and that would be how much you would spend on average.

Next up, you’ll need to know the value of the bonus, though this will tend to play into the wagering requirements. So suppose you have a 100 percent match on a $250 deposit, and there’s a 20x play-through requirement on that offer on a game that has a 1.5 percent house advantage. The bonus itself is worth $250, and you’re going to have $10,000 in play-through. If you take 1.5 percent of that, then you’ll get $150. Since you’re getting a cashable $250 bonus for $150 in advantage to the house, then you’ll average picking up a total of about $100 in value on average from claiming this bonus and playing it through.

Generally speaking, this is a pretty straight-forward process, but there are some pitfalls to look out for. You need to make sure that you can play the games you’re wanting to play before you use a deposit code because a lot of them have game restrictions on certain types of titles. You also need to check the bonus limits and how much time you’ll have to clear the requirements because these can trip you up sometimes.