Not all casino bonuses are created equal. A “100 Free Spins” offer might look generous, but if the wagering requirements are too high, the mathematical value could be zero (or even negative).
Our Promo Value Calculator helps you separate profitable offers from marketing traps. It calculates the Expected Value (EV) of Free Spins and Cashback deals.
How to Use the Promo Calculator
This tool handles the two most common retention offers: Free Spins and Cashback.
- Select Promo Type: Choose between “Free Spins” or “Cashback”.
- Wagering Req (x): Enter the number of times you must rollover the winnings (e.g., 35x).
- House Edge (%): Enter the edge of the game you will play to clear the wager (e.g., Slots ~4%).
- For Free Spins: Enter the number of spins and the value per spin (e.g., $0.10).
- For Cashback: Enter your net loss amount and the cashback percentage (e.g., 10%).
Example: The Wagering Trap
You get 50 Free Spins worth $1 each ($50 total value). The wagering requirement is 50x.
- Expected Winnings: $50 (assuming you win the face value, or close to it).
- Wagering Required: $50 * 50x = $2,500.
- Cost to Wager: Betting $2,500 on slots with a 4% House Edge costs you expectedly $100.
- Net Result: $50 (Win) – $100 (Cost) = -$50 EV.
In this scenario, the calculator shows a negative value. You are statistically likely to lose all your free spin winnings and more money trying to clear the bonus.
Frequently Asked Questions (FAQ)
What is a good wagering requirement?
For slots, anything below 35x is standard. “Wager-free” spins are the gold standard (best value). For deposit bonuses, anything above 40x (Deposit + Bonus) is considered very difficult to beat.