← Back to Hub
Last Updated
May 20, 2026

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†’
Sofia Draganov
Reviewed By

Sofia Draganov

Chief RNG Auditor & Senior Data Analyst

Sofia is the Technical Lead at SpinBonus, specializing in RNG certification and mathematical verification. With over a decade in iGaming analytics, she has audited 500+ wagering systems to ensure player safety through quantitative proof and algorithmic transparency.

Verify on LinkedIn