Thursday, December 07, 2023

The Actual Value of Casino Bonuses Calculated and Revealed

September 16, 2023 09:01 PM

Online casinos often promise enticing welcome bonuses seeking to attract new players and get a competitive edge over other gambling platforms.

However, players soon discover that many of these seemingly generous offers are not as straightforward as they appear to be at first glance. Indeed, welcome bonuses can sometimes be challenging to obtain, and their actual value may differ significantly from what is initially advertised.

Casino Experts Rate Welcome Bonuses by Their Real Worth

In an effort to bring transparency and clarity to the field of online casino bonuses, the SevenJackpots team of experts on online casino in India embarked on a mission to determine the Actual Bonus Value (ABV) of some of the country's top internet gambling platforms.

The unique ABV concept and mathematical formula was developed by the expert research team in order to serve as a measurement tool and enable them to calculate the real worth of a bonus, providing players with a more accurate understanding of what they can expect.

Thus, the goal of the comparative analysis of the welcome offerings of eight licensed and popular online casinos was to evaluate these bonuses objectively and determine whether they truly lived up to their promises or fell short in terms of value and benefits.

The experts at SevenJackpots took several factors into account when calculating the ABV, including the maximum bonus amount, wagering requirements, wager contribution, playable games, and the clarity of terms and conditions. By assigning numerical values to these factors, they were able to derive a final ABV score that accurately represented the bonus's actual value.

Whose Bonuses are Worth the Most?

The top spot in terms of highest actual bonus value and efficiency is shared by Casino Days and Big Baazi - two casinos run by one operator, Curaçao-based and licensed White Star B.V., that offer identical welcome bonuses with an ABV of 41.60%.

In monetary terms, both casino bonus offers have an actual value of ₹41,600 because the maximum bonus amount that can be obtained through three offers is ₹1,00,000. As this is a cash type of bonus, a new player must first fulfill all wagering requirements with deposited real money.

When all the requirements are met within the deadline - 7 days for each of the three offers, the full bonus gets released to the players account in rupees and they can play or withdraw it immediately.

Among the factors that contribute to the relatively high ABV score of Casino Days and Big Baazi are the reasonable wagering requirements (industry standard 35x), 100% wager contribution from casino games, and 10% from live casino games, as well as the good scores for playable games and Terms and Conditions clarity (4 points out of 5 possible for both parameters).

How Did the other Contenders Fare?

Another notable casino, PlaySQR, achieves the same ABV percentage score of 41.60%, but is ranked third due to its much lower maximum bonus amount of only ₹20,000, which translates to an actual bonus value of ₹8,320.

On the other hand, the PlaySQR bonus offer is the most user friendly, and the only one that comes without a list of excluded games, although jackpot and baccarat games are listed as having a 0% wager contribution.

The very bottom of the ranking, after Maharaja Fortune (ABV of 31.20%), Bettilt (21.60%), MegaPari (15.60%), and 1xBet (15.60%), is taken by BlueChip casino providing an actual bonus value of their welcome offer of just 8.00% equal to ₹8,000, with very confusing terms and conditions, huge lists of excluded games, and the lowest win limits across all offerings.

Indian Online Casino Players Know What They Want

A 2020 research paper by Esse N Videri (ENV Media) dedicated to studying the structure and adoption of bonuses on the Indian online casino market made some surprising findings.

According to ENV analyzed data, only 9% of Indian casino players activated the bonus offers, marking a sharp contrast with European users, almost 100% of whom go for the bonuses.

The main reason behind this discrepancy, as per the observations of the ENV analytics team, is that Indian players prioritize quality user experience, trustworthiness, and safety over anything else.

Thus, operators who focus on building up their expertise and authority have a much higher chance to stand out from their competitors than those who think it would be enough to just try to lure desi players with juicy-sounding welcome bonus offers.

Have something to say? Post your comment