Playing at an online casino provides hours of fun and entertainment. You can play wherever you have access to the internet meaning that there’s always time for a game.
Another great benefit is all the bonuses that are on offer. In fact, here’s one you can take a look at right now. But how do you work out how financially beneficial it’s going to be?
We’ll be taking a look at casino bonus ROI and which one could be best for you.
What is ROI?
You might have heard of ROI in regard to businesses and how they make money. You might have also heard of it if you have any investments of your own.
In its most basic form, ROI stands for ‘return on investment’ and this means the amount of money you get out of something, versus the amount of money you put in. Obviously, you want a high return as this means more money for you.
As playing at an online casino costs money, when we talk about return on investment in a game, we are talking about the money you could win at the end. However, the amount of money you win overall has to be reduced by the money you put down in the first place.
For example, you might put £10 down on a game and win £15. Your ROI wouldn’t be £15 as you have paid £10 in the first place. The return on your £10 investment would be £5 – or 50%.
All of this is mainly down to chance as there is no telling what the game might have in store for you. However, the same could be said for investments of any kind as you can never know for sure what the market will do.
Related: Online Casinos South Africa: The Top Casino Sites ranked by Welcome Bonuses, Games and Promotions
How to work out your ROI on a casino bonus.
Working out what the return on investment will be on a casino bonus can be tricky. There are a lot of variables to consider when doing the maths.
First, you have to work out what you’re willing to put into each game. Then, you need to work out how many games you’re planning on playing. These variables can change depending on how much fun you’re having and how much time you have, so it’s only really possible to work out a predicted number.
Another element to consider is the fact that there are no guarantees when it comes to casino games. You never know how much you’re going to win in each game – and that’s part of the fun.
However, you can gauge how good the bonus is based on what you get from it. Let’s go through the list of potential bonuses and how good they are in terms of what you could get out of each one.
What casino bonuses are available?
A no deposit bonus means that you don’t need to put down any money in order to play. All of the money that you’re playing with comes directly from the bonus you’ve been given by the online casino.
With nothing from your own personal finances being used, all of the winnings you manage to get are profit. There’s nothing to be taken away as you didn’t put any money upfront in the first place.
This makes the no deposit bonus the most financially rewarding as it’s 100% profit. So, when working out your ROI and using a no deposit bonus, you know that this is going to be the most profitable.
Online casinos know this as well which is why you don’t come across them as often. If one does come across your path, it’s better to use it while you can!
-
Free spin
A free spin is much like a no deposit bonus but you tend to only be able to use them on slot games. So, although this free spin bonus can work in your favour, it is only available on one game.
You can also only use a free spin once, so if you don’t win, then it’s gone forever. However, with a deposit bonus, you’re able to use all the money up on multiple attempts.
There’s no denying that a free spin is a great bonus and it could win you some money. However, if you’re looking for maximum ROI, you might be better off elsewhere.
-
Deposit match bonus
A deposit match bonus is another great way to increase your ROI. You do have to put some of your own money down, but this amount is matched by the casino meaning that you double your chances.
The ROI on this bonus has the potential to be sizable as you’re doubling the amount of money to play with. However, it is always still a risk and you could end up not winning as much as you’d hope.
Now you’ve got all the info you need on bonuses, it’s time to test them out!
