Loyalist Review
Casino Bonus EV Calculator
Calculate the real expected value of any casino welcome bonus. Input deposit + bonus % + wagering requirement + slot RTP to see expected clearance cost and break-even threshold.
Calculate the real expected value of any Canadian online casino welcome bonus. Input your bonus terms below and see the expected clearance cost, net EV, and break-even wagering multiplier. The math behind the marketing.
What this calculator shows: the long-term expected cost of clearing a bonus at average slot RTP. Result is "net EV" = bonus value minus expected loss during clearance. Positive = bonus actually adds value. Negative = the marketing is selling you action volume.
How to Use This Calculator
- Open the operator's bonus terms page (Jackpot City, PlayOjo, Crownplay, etc.)
- Find: bonus percentage, bonus cap, wagering requirement, whether WR applies to bonus only or deposit + bonus
- Enter the values above
- For slot RTP, use 96.5% as a reasonable default for mainstream operators; use 96.6% for PlayOjo, 96.0% for Casino Infinity (per our slots ranking)
Sample Results
| Bonus | Net EV (96.5% RTP) | Verdict |
|---|---|---|
| PlayOjo 80 wager-free spins (no WR) | +C$15-30 | Best in market |
| Madcasino 100% × C$750 (25x WR) | +C$94 | Positive EV — claim |
| Tenobet 100% × C$500 (25x WR) | +C$62 | Positive EV — claim |
| Jackpot City C$1,600 + 100 FS (30x WR) | -C$80 | Slightly negative — claim only if you'd wager that volume anyway |
| Crownplay 250% × C$4,500 (35x WR) | -C$1,013 | Negative EV — skip unless slot-heavy planned |