Online Casino Guide for the smart and curiousCasinos are out there to make money. They count on you not to learn too much about different aspects of online casinos and how you as a player could end up being on the winning side. In Cheers! Casinos casino guides we talk about topics you should know about. Because we want you to have a smile on your face even after you log out of the casino. |
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Updated: Nov 20 2020 The term "casino guide" has become synonymous with "yet another casino promotion", but it doesn't necessarily need to be that. Casino guides can actually be a helpful resource for you as a player. Casinos guides can cover a lot of different topics to help you understand how casinos function and how to make the most of them (and how not to let them take the most of you). We'll be discussing a lot of topics here, including but by any means not limited to the following: Are all casino bonuses good? Casino bonus estimated valueThe simple EV calculation formula is this: Bonus amount – (house edge*) x (wagering requirement in euros) You can use the same formula for both free spins as well as bonus money. In case of free spins you just need to first calculate the initial value of free spins (amount of free spins times value of each spin). Let's say the casino is offering you 100 euros of bonus money and you can wager it in games with average RTP of 96% (so house edge is 4%). Wagering requirement is 40x (so 100x40=4000 euros). EV = 100 - (0.04x4000) EV = 100 - 160 EV = -60 As you can see, in this case the estimated value of the bonus is negative and as such it would be wise to stay away from this offer. dig deeper Almost all casinos offer new players bonuses for signing up. However, you should stay away from, in not most, then at least half of these. Casinos try to offer new players as attractive-looking sign-up bonuses as possible. But that’s the thing – that’s all they often are, “attractive-looking”. Free spins - are all of them worth it?So no, not all free spins are equal. RTP & volatility/variance - what's in the nameSlot volatility or variance shows how stable a slot is. Does it pay out often or can you go on playing for dozens or even hundreds of spins without pretty much any win at all. Games RTP - is it always the same?dig deeper RTP of the same slot game can be different in online casinos. So you need to check the RTP of the game in every casino individually. Which are the game providers whose slot games can have different RTPs in every casino? How do casinos earn moneySo if the slot RTP is 95%, by the end of the day the casino will always pocket 5% of the money anyone has put into the slot. What are the types of different online casinos?Additionally it's worth mentioning Pay & Play casinos which can be the same based on game selection, but they are different when it comes to account creation and payments. What are no account pay & play casinos?dig deeper No Account Casinos are currently available in four European countries, but we expect them to be available in at least ten more countries in Europe within the next year or two. No deposit bonuses - where's the catch?How do slots work?What about taxes from casino winnings?How to play slots for free?Casino Guides help you enjoy yourself in online casinosFAQ - things to rememberHow to calculate casino bonus Estimated Value (EV)?
Simple equation to calculate casino bonus EV is this: Bonus amount – (house edge) x (wagering requirement in euros)
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