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How to Calculate Casino Bonus Expected Value (EV)

EV Calculation

In the world of advantage play, Expected Value (EV) is the only metric that matters. Here is the exact formula we use to audit every bonus on SpinBonus.

EV = Bonus - (Wagering Γ— (1 - RTP))

If the result is positive (+EV), the bonus is a "math-win" for the player. If it's negative (-EV), only play it for fun, not for profit.

Use Our Automated Formula β†’

Further Reading

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