Calculating the expected value (EV) of any bonus requires some maths skills, but here’s an easy guide with examples to help you to determine the EV of your free spins with no deposit in Australia:
First, determine the value of your bonus. If you receive 100 free spins with a value of $1 each, that would be $100.
Secondly, find the wagering requirement of the bonus. This tells you have many times you have to wager the value of your bonus before you can withdraw your winnings. For example, if the wagering requirement was 40x you would need to wager $4,000.
Thirdly, you need to know the house edge of the game. For most online pokies games, this can be anywhere from 1% to 15%. Let’s say that your free spins bonus is for a game with a house edge of 3%.
To determine the EV, you need to do the following calculation: Bonus value – (wagering requirement x house edge).
So for our example that would be: $100 – ($4,000 x 3%) which equals -$20.
Of course, the EV does not take into account your potential winnings. But it is a useful way to help players choose between free spins bonuses in Australia.