Online Casinos: The Mathematical Logic of Bonuses

Casino players who play online are aware that bonuses are offered in many casinos. While
"Free-load" may seem appealing, they're not really worthwhile. Are they worth the money for
gamblers? The answer to this question depends on many factors. The answer to this
question is possible by math.

Let's look at an everyday bonus when you deposit $100 and obtain $100 more and it's
possible to get having staked $3000. This is an example of a bonus you receive on your first
deposit. The amount of deposit and bonus can be different and so can the stake
requirements however one thing is in place - the amount of bonus is available for withdrawal
following the wager requirement. In general, it is not possible to withdraw money.

It is considered as free money if you are playing at the casino online for a long period of time
and are persistent. If you play slots with 95% pay-outs, a bonus will allow you to make on
average extra 2000 $ of stakes ($100/(1-0,95)=$2000), after that the amount of bonus will be
over. There are a few pitfalls. For instance If your intention is to simply have a peek at the
casino, without spending too much time there, or you enjoy roulette or other games that are
prohibited by the bonus rules, then you might be denied access to the bonus. In most
casinos, you will not be able to withdraw money or will simply return a deposit, if a wager is
not made on games permitted in the casino. If you are keen on roulette or blackjack, and a
bonus can be returned only through playing slots, place the required stakes of $3000 during
paying out 95% of the time you'll lose $3000*(1-0,95)=$150. You will lose $50, and lose the
bonus. In this instance it's best not to accept the bonus. If you could win back the bonus, with
a profit of 0.5 percent, it's possible that you'll get between $100 and $3000, which is equal to
$85 after you've earned back the bonus.
"sticky" or "phantom" bonus:

Casinos are becoming more popular for "sticky" and "phantom bonuses. apps are the
equivalent to lucky chips in real casinos. apps 's not possible to withdraw the bonus amount.
The bonus must be stored on the account like it "has stuck". On first glance, it might appear
as if there's no value in bonuses - you don't get money anyway however, this isn't true. If you
win, then there's no reason in the bonus, but if you have lost, it may help you. Without a
bonus , you've lost your $100 , and you're done. However, with a bonus even if it is an
"sticky" one, you will find that $100 are still in your account, which can assist you in getting
out of the problem. The chance of winning back the bonus is just half (for this you will only
need to stake the full amount of the bonus in roulette). In order to maximize profits from
"sticky" bonuses one needs to use the strategy "play-an-all-or-nothing game". You'll lose
slowly and certainly if you play with in small amounts. The math expectancy that is negative
of the game means you will not win any bonus. Clever gamblers usually try to realize their
bonuses quickly - somebody stakes the entire amount on chances, in the hope to double it
(just imagine, you stake all $200 on chances, with a probability of 49% you'll win neat $200,
with a probability of 51% you'll lose your $100 and $100 of the bonus, that is to say, a stake
has positive math expectancy for you $200*0,49-$100*0,51=$47), some people use
progressive strategies of Martingale type. It is suggested to set the desired amount of your
winnings, such as $200, and try to win it, taking chances. If you have contributed a deposit in
the amount of $100, obtained "sticky" $150 and plan to enlarge the sum on your account up
to $500 (that is to win $250), then a probability to achieve your aim is (100+150)/500=50%, at
this the desired real value of the bonus for you is (100+150)/500*(500-150)-100=$75 (you
can substitute it for your own figures, but, please, take into account that the formulas are
given for games with zero math expectancy, in real games the results will be lower).

The cash back bonus:

One bonus that is seldom noticed is the return of the money that was lost. It can be
distinguished into two variations - the full refund of the deposit lost and the cash is typically
paid back as with any other bonus, or a partial return (10-25%) of the amount lost for a fixed
time period (a week or a month). The first scenario is almost similar to the "sticky bonus" -
the bonus is not worth it in the event of winning however, it is beneficial if you lose.
Calculations in math will also be analogous to the "sticky" bonus, and the strategy is similar -
we risk and try to win as much as we can. We can still play with the money you've earned
even if we don't succeed. Partial return of the losing gambler could be seen as a minor
benefit of casinos when playing games. If you gamble on blackjack using math expectancy -
0,5%, then, having made stakes on $10 000, you will lose an average of $50. The payout is
$10 if you make a loss of $20. This is equal to the math expectancy increase of 0.4%.
However, from the given bonus can also be derived benefit, for that you need to be playing
less. With the same stakes on roulette, we play one, however it's the largest stake. We can
win $100 in 49% of instances, while $100 is won by 51%. We lose $100 in 51% of instances.
At the end of each month, we earn back 20% of our $20 winnings. As a result the effect is
$100*0,49-($100-$20)*0,51=$8,2. The stake has a positive mathematical expectation. But,
the dispersion is large and we will only be able to play this way once every week or once a
month.

I'll allow myself an unintentional remark that is somewhat diverging from the primary subject.
One of the forum participants declared that tournaments weren't fair. He said, "No normal
person will ever be able to stake a single stake during the final 10 minutes." This 3,5-fold
exceeds the prize amount ($100) in the case of maximum loss, meaning it's impossible to
lose. What is the point?"

It is logical. The scenario is quite similar to the one that involves losing a stake. If a stake is
successful it is already in the black. The stake will be awarded a prize of $100 if the stake
loses. So, the math expectancy of the above-mentioned stake amounting to $350 is:
$350*0,49-($350-$100)*0,51=$44. Sure, we could lose $250 today, but get $350 the next
day and, over the course of a year playing each day, we'll accumulate pretty 365*$44=$16
000. After completing a simple equation, we'll discover that stakes of up to $1900 are
profitable for us! We need to have several thousand dollars on our accounts for this kind of
game, but we shouldn't blame casinos for being shady or naive.

Let's look back at our bonuses, to the best "free-load" ones, without any deposit. You've seen
increasing numbers of ads that promise $500 free of cost, with no deposit. The basic idea is
as follows you actually get $500 with a separate account with a time limit for playing (usually
one hour). After an hour you get only the amount you gains, but not more than $500. The
bonus must be redeemed back in a real bank account. Usually, you have run it 20 times in
slot machines. It sounds wonderful but what's the exact value of this bonus? The first thing to
consider is that you must get $500. It is evident that the chance of winning $500 is 50% using
the simplified formula. But in reality, it is much lower. If you want to receive the bonus, you
need to stake at least $10 000 on slots. The payout rates of slot machines are not known.
They are generally around 95% and fluctuate between 90-98% for various kinds of. The
average slot gives us $500-10 000*0.05=$0. That's not an unreasonable amount. If we're
lucky enough to choose a slot with payouts that are high, we could await $500-10
000*0,02=$300. Although the chance to choose a slot with the highest payouts is 50% (you
have heard the comments of other gamblers as randomly, this chance will be less than 10-
20% since there are few generous slots), in this case the value of a generous deposit free
bonus amounts to $300*0,5*0.5%=$75. It's less than $500 but still not too bad, though we
can find that even with most ideal suppositions, that the total value of the bonus has
decreased seven-fold.

I'm hoping this look into the mathematics realm of bonuses can prove beneficial to gamblers.
If you want to succeed, all you have to do is to think and do calculations.