How to Calculate the True Value of a Casino Coupon

In 2025, online casinos are becoming more popular, with their revenue expected to reach figures as high as $245.40 billion. A lot of this popularity is due to casino coupons and bonuses. However, not all bonuses are created equal, so it’s important to know the true value of a casino coupon before claiming it.

When you examine and evaluate promotions, you should consider various factors of the bonus terms. In the 200% casino bonus compilation, you can see the formula to easily calculate how worthwhile a bonus is, as well as understand its terms and conditions. Some of the terms to look out for include the offer’s size, wagering requirements, Expected Value, and more.

The first thing most players look at is the coupon’s size. After all, bigger is better when it comes to any type of bonus, in most people’s view. The casino coupons you receive can range from 25% to 500%, with most welcome offers falling in the 100% to 200% range.

What this means is that you’ll get that percentage of your deposit as a bonus on top of your deposit. Say you receive a 100% deposit and make a $10 deposit. Then, you’ll receive another $10 and be able to play with $20 altogether.

However, if you get a 200% bonus, then you receive $20 on top of your $10 and can play with $30 altogether. Make sense? However, it’s not only the size of the offer you should consider. The maximum win limit is also crucial in this case.

The maximum win limit dictates how much of your winnings you’re allowed to keep. Say your 100% bonus has a 10x maximum win limit. That means if you deposit $10, you can only keep up to $100 of your winnings. Others will provide a set amount, like $5,000 or $10,000, as a maximum limit.

One of the most important terms to check is the wagering requirements. These state how many times you must wager your promotion before withdrawing it. The average wagering requirements are between 30x and 45x, but they can also be higher or lower.

Further, some operators will require that you wager your deposit and bonus. Say you have 35x wagering requirements on just your 100% offer of $10. You must wager it up to $350 to be able to withdraw it. However, if it’s on your deposit and bonus, then you need to calculate it based on $20 ($10 deposit plus $10 bonus).

As such, you’ll then need to wager it up to an amount of $700. Another vital factor is how long you have to complete these wagering requirements. Some casinos give you 30 to 60 days, while others give you three days to a week. Obviously, in this case, the longer, the better.

When you’re looking at whether a coupon is worth using, one way of doing it is by calculating the expected value (EV) of the coupon. The formula you use is the following:

EV = bonus money - (amount you need to wager x average house edge of the games played)

For example, let’s say you receive a 100% poker offer with a $100 bonus amount. You need to wager it 30x to claim it, and the average house edge of Ultimate Texas Hold’em is 2.19%. Your calculation will look like this: $100 - (30 x 2.19) = $34.30 EV.

While this might sound low, just remember that many casino promotions have negative values. For example, take the same bonus but with a $10 bonus amount. Then your EV would be -$55.70.

While the above are the most important factors, you should still consider the following terms:

• Minimum deposit: The amount you must deposit to be eligible for claiming the bonus
• Payment restrictions: Some bonuses will restrict what payment methods you can use to deposit
• Game restrictions: Promotions are often only eligible for specific games, which restricts your control over the EV
• Maximum bet: Most operators will have a $5 maximum bet limit, but it can also vary
• Country restrictions: Not all promotions are available or the same in different countries

It’s never good to simply choose the first bonus that catches your eye. By doing so, you might end up with a bonus that’s appealing on the surface but has such restrictive terms you’re setting yourself up for failure. Always look for the true value of a casino coupon before choosing your coupon.