Theoretical Bonus Value (TBV) of Online Casino Bonuses

Theoretical Bonus Value – Comparing Online Casino Bonus

Theoretical Bonus Value (TBV) helps you quickly determine the value of a casino bonus by condensing all the terms and conditions into a single, easy-to-understand number. This makes it simple to compare various bonuses and choose the best one.

Important Notes About Theortical Bonus Value

Before we dive into Theoretical Bonus Value it’s important to outline a few important notes to help you better grasp this metric and how it applies to casino bonuses.

  1. Negative TBV: If TBV is negative, the bonus decreases your chances of winning. Avoid these offers.
  2. Higher TBV: A higher TBV means the bonus adds more value and increases your chances of winning.

We calculate TBV for different deposit sizes to give you the most accurate value. For example, TBV20 is used for $20 deposits, and TBV100 for $100 deposits.

How Theoretical Bonus Value (TBV) Works

TBV is calculated differently depending on the type of bonus: match bonuses, free spins, and cash back bonuses. Here’s a detailed breakdown:

Match Bonus TBV

To calculate TBV for a match bonus, consider these factors:

  1. Match Percent: The percentage of the deposit the casino matches.
  2. Max Deposit: The maximum eligible deposit amount.
  3. Wagering Requirements: The number of times you must wager the bonus and deposit.
  4. Game Restrictions: Which games fully contribute to the wagering requirements and their Return To Player (RTP) rates.

Example Calculation:

  • Bonus: 200% up to $100
  • Deposit: $20
  • Bonus Amount: 200% * $20 = $40
  • Wagering Requirement: 10x bonus and deposit

Total wagering requirement = $40 (bonus) + $20 (deposit) = $60; $60 * 10 = $600.

Assuming a high RTP slot (97.52%) is used:

  • Loss Percentage: 100% – 97.52% = 2.48%
  • Expected Loss: $600 * 2.48% = $14.88

TBV is calculated by subtracting the expected loss from the bonus amount:

  • TBV: $40 – $14.88 = $25.12

This TBV of $25.12 indicates a good bonus, increasing your winning chances.

Theoretical Bonus Value (TBV) for Free Spins

For free spins bonuses, consider:

  1. Number of Spins: Total free spins awarded.
  2. Value per Spin: Monetary value of each spin.
  3. Game RTP: The RTP of the game for which the spins are given.
  4. Wagering on Winnings: The wagering requirement for the winnings from free spins.

Example Calculation:

  • Free Spins: 200 on Book of Dead
  • Value per Spin: $0.10
  • RTP of Game: 96.21%
  • Wagering Requirement: 10x winnings

Value of spins = 200 * $0.10 = $20

Average winnings from spins = $20 * 96.21% = $19.24

Expected loss from wagering = $19.24 * 2.48% (assuming a high RTP game) = $0.48

TBV = $19.24 – $0.48 = $18.76

This TBV of $18.76 shows a valuable bonus that significantly increases winning potential.

Theoretical Bonus Value (TBV) for Cashback Bonuses

Cash Back Bonus TBV

For cash back bonuses, evaluate:

  1. Maximum Cash Back: Highest amount of cash back available.
  2. Wagering Requirement: Whether the cash back needs to be wagered.

Example Calculation:

  • Cash Back: $20
  • Wagering Requirement: 1x

Using a high RTP game (99.5%) to meet the wagering requirement:

  • Loss Percentage: 100% – 99.5% = 0.50%
  • Expected Loss: $20 * 0.50% = $0.10

TBV = $20 – $0.10 = $19.90

This TBV of $19.90 indicates a valuable bonus, making it almost risk-free.

Theoretical Bonus Value (TBV) Examples

Scenario 1: Alice deposits $20 with a 200% match bonus. She needs to wager $600 total. Playing high RTP slots, she can expect a loss of $14.88. Her TBV is $25.12, making this a good deal.

Scenario 2: Bob receives 200 free spins on Book of Dead. Each spin is worth $0.10. His expected win is $19.24, with an average loss of $0.48 when wagering. His TBV is $18.76, showing a strong bonus value.

Scenario 3: Carol gets a $20 cash back with 1x wagering. Using a high RTP game, her expected loss is just $0.10. Her TBV is $19.90, indicating an excellent bonus.

Detailed TBV Calculations

Match Bonus Example:

  • Bonus: 200% up to $100
  • Deposit: $20
  • Bonus Amount: 200% * $20 = $40
  • Wagering Requirement: 10x bonus and deposit
  • Total Wagering: $600
  • Loss Percentage: 2.48%
  • Expected Loss: $14.88
  • TBV: $25.12

Free Spins Example:

  • Free Spins: 200 on Book of Dead
  • Value per Spin: $0.10
  • Winnings: $19.24
  • Wagering Requirement: 10x winnings
  • Expected Loss: $0.48
  • TBV: $18.76

Cash Back Example:

  • Cash Back: $20
  • Wagering Requirement: 1x
  • Loss Percentage: 0.50%
  • Expected Loss: $0.10
  • TBV: $19.90

Importance of Theoretical Bonus Value

By understanding and calculating TBV, you can make informed decisions about which casino bonuses to use, improving your chances of winning.

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