The large number of online casinos around now is definitely good news for players. There is so much choice that these sites need to fight to win our custom. Basically, they know that they need to pull out all the stops to get you to play there. In this Bonus Chum review we will take a look at what this program offers. Is it going to help you win a lot more cash in the future? Can you really take free money off a casino so easily?

One way that they do this is with their juicy bonus offers. These are special deals that let you play for free or make your deposit go further. This is great, but the problem is that most people don’t use them as wisely as they should.

Some people choose the wrong bonus offer. Others waste them by playing the wrong games with the money. Some players don’t realise at the start what the rules are. For instance, that they need to play through their winnings a certain number of times.

It is easy to fritter away a casino bonus without making any real money from it. This is exactly what the casinos want you to do, of course. They are delighted when someone signs up and then wastes their welcome offer.

This is why there are now sites dedicated to helping you to make the most of these casino offers. These are places where you can calculate the value of each offer. A simple simulator tool can make all the difference to your winnings.

I’ve written a detailed post on the different type of casino bonuses and the formula for working out the estimated value here.

What Is Bonus Chum?

Quite simply, this is a piece of software that lets you work out the value of casino bonuses. It does this by cleverly simulating the conditions in which you will spend it. The tool will go through the different scenarios numerous times to see what happens. Do you walk away with clear winnings or do you go bust before then?

It runs on Windows and has been around since 2015. Daniel White is credited as being the creator. He apparently made this software as he wasn’t satisfied with other simulators around. So, he set out to make something that is better.

There is a lot of different information that you can feed in here. This includes the deposit amount, the bonus amount or percentage and the wagering requirements. If there a limit on the winnings you can end with this should be entered too.

Basically, you enter everything needed to calculate the estimated value of the bonus. This might seem like too much information at first. Yet, all of these details are needed to accurately work out the results.

For slots bonuses, the information that is needs differs. This covers the house edge, the variance level and the time per spin, among other factors. Again, the simulator will work out the end result of playing this slot over and over again.

All of this lets you see the estimated value of the bonus. You can get the software to run through the bonus countless times for greater accuracy. The more times it runs the more accurate it should be.

It is worth noting that there is the option of a two tier approach. This means starting with a high variance slot to build up some cash. You then switch to a low variance game to work through the wagering requirements. This is a dated strategy and may see your account getting suspended.

One you run the simulator, it will come back with a range of useful information. This includes the expected value and profit of the offer. You will also see how likely you are to go bust or bankrupt.

The tool also lets you see how long you are going to spend playing to earn the cash. Perhaps you will make money but it will take far too long. Or maybe you can pick up a modest win fairly quickly. The rate at which you can win shows how worth your time an offer is.

This is all fantastic news. Making the most of a casino bonus is the key to huge profits.

How easy is it to do, though? In the rest of this Bonus Chum review I will look at the practical matters. These are the issues that will show you whether you can genuinely expect to make money in this way.

How Is It Different to Free Estimated Value Calculators?

There are other calculators around that do a similar job. In fact, as mentioned, the creator of Bonus Chum started it because he wasn’t happy with other simulators. This Bonus Chum review, therefore, has to show what exactly he offers us.

So, has he provided something that is better? Or is it just a more complicated way of getting the same results in the end? What are the key differences that make this bonus simulator worth trying?

The main difference with other EV calculators is that Bonus Chum is more accurate. They use the correct estimated value formula so you get much more accurate results.

The great advantage is that it opens up far more offers for you. For example, even if the wagering requirement is 40x you can trust this tool. The detailed, accurate results will give you confidence to grab more casino offers.

Because of this, it should help you to win more money in the long term. There are no guarantees of this, but the accuracy is a huge help. You can feel a lot more confident about grabbing bonuses in this way.

It is also more flexible. The number of different details you can put in means it is easy to tailor. Any sort of offer that you find can be used on this tool. This Bonus Chum review will go on to look at how this works in real life.

How Much Does It Cost?

The cost of this tool is £120 at the time of writing. It is a one-off cost that gives you access to Bonus Chum forever.

This is obviously a fairly steep price to pay. We need to bear in mind that many EV calculators are free or cheap to use. Does this software really offer enough to make it worth paying so much for?

Would it be better to save the money by trying something else? Maybe you are happy taking your chances with simply trying out a few bonuses on your own?

However, as we have already seen in this Bonus Chum review, it is powerful and accurate. Using it should see you win more money by using your casino bonuses more wisely. A less powerful simulator could see you waste time and money.

This is especially true if you have a limited amount of money to work with. Going bust and losing your own money is a disaster. Knowing what awaits you will help you to avoid this risk.

Therefore, the cost of Bonus Chum shouldn’t be too big an issue for most people. The truth is that it should pay for itself before long. If you earn from casino bonuses each week it will be well worth it.

Of course, as with any betting tool you need to use it enough to justify the cost. There is simply no point in paying this money and then not using it. Ideally, you will look for suitable deals every week.

By doing this, you can earn a regular second income. This might sound too good to be true. However, there are so many good casino bonuses that lots of people do this now.

What Features Does Bonus Chum Have?

This is a piece of software that needs to be run on a Windows PC. You download it to your computer to get started.

The interface is simple but it does offer a lot of powerful features. As noted above, there are several different options in terms of the details you complete.

A handy feature is the one that offers bankroll simulations. Because of this, you can be sure your bankroll is big enough to tackle an offer. There will be no danger of your going bust.

You might see a tempting offer but not be sure if it is right for you just now. By carrying out a bankroll simulation you can see whether you have enough money to risk it.

The flexibility of this calculator is a big benefit. This allows you to adapt it to any kind of offer. You can easily put in how many times you want to simulate the offer too.

On the other hand, other simulators tend to be more limited. In a lot of cases, you only put in the deposit and bonus amounts, RTP and wagering requirements. This is easier to do but gives you a less comprehensive simulation.

Despite being fairly complex, Bonus Chum is easy to use. Clearly, you will want to avoid making any mistakes with it. Take a few minutes to get used to it and you will feel confident.

Who Would Be Suited to Bonus Chum?

This software is going to make life easier for some players. In general, it is suitable for advanced matched bettors. They can look to increase their casino profits pretty simply in this way.

So, if you have been playing for a while this could be a good move. You can look to take your casino profits to the next level with this software.

Maybe you have already exhausted the basic bonuses. With this tool you can look at more complicated deals. You might decide to look at new casinos whose offers you have some doubts about. Are they really good offers or best avoided?

This tool also lets you consider new ways of winning more. Should you be taking a chance on higher risk slots? Have you been ignoring games that you should be playing with your bonus money?

What is the next question for this Bonus Chum review? We could ask if it is right for beginners, too. Well, newcomers to matched betting can certainly use Bonus Chum if they like. However, they may find it a little too complicated for their needs.

You should remember that this isn’t going to give you guaranteed wins every time. What it does is help you understand how much you can expect the bonus to win you overall. It doesn’t automatically remove the risk of losing. It just lets you know what the chances of this are.

This means that you will have long losing runs even when using the software. Because of this, you need to be sure that you have a big enough bankroll.

You also need to understand basic casino terminology. It uses phrases such as house edge, wagering requirements and so on. You will want to understand these terms before you start playing for real.

Is Bonus Chum Easy to Use?

You may think that this software looks complicated at first. This is especially true if it the first casino bonus simulator you have used. Or maybe you have only ever used a simple alternative in the past.

Either way, it is easier to use than you might think. You will soon get the hang of where the put the right figures. Reading the results is also easy to do once you get used to it.

Perhaps the biggest issue is in putting in the right figures to start with. As with most calculators or simulators, putting in the wrong information will lead to poor results.

So, you should only use this tool if you are confident of being able to find the right offers. You need to have all of the correct information to hand before getting started.

How will you do this? I will look at this crucial point in the next section of this Bonus Chum review.

Does Bonus Chum Show You the Casino Offers?

We have seen that you can easily simulate casino offers on here. But, can you find the offers to get started with too? If not, how do you do that in order to get going in the right way?

Unfortunately, you won’t find any casino offers on Bonus Chum. This means that you need to find the latest deals yourself. Of course, there are different ways of doing this. Which is going to suit you best?

You could look through all the casino sites to find deals. This might sound like fun but the truth is that it would be extremely time-consuming. There are just so many casino sites around these days. You could take ages trying to find the right deals.

Then there is the risk of letting possibly juicy offers slip through your hands. Could you really check on every casino site often enough to get all the deals? Few of us have the time to do this.

Far better is the idea of letting someone else do the work for you. In this way, you can get the best offers without any hassle or delay. For example, you can do this by signing up to the service from Profit Maximiser. Profit Maximiser includes: –

• 126 new account advanced casino bonuses
• On going advanced casino offers
• Very active forum with advanced casino threads (there is over 30,000 comments on it!)

By using this approach, you will easily find the best current deals. You can use your time in the best possible way. There will be no time wasted in looking around the internet for suitable offers. There is currently a 14 day trial on for you to test it here.

Once you find some deals, the rest is easy. Just plug in the information to the Bonus Chum simulator. You can then decide whether it is worth giving it a try or not.

After you win some money you start the whole thing again. Look for a new deal and see how worthwhile it is. With new casino offers launched regularly, you will never be short of deals to check out.

This Bonus Chum review has already shown that this is a fine way of assessing offers. Finding a smart way of locating those offers will get you ready to use it to its full effect.

Bonus Chum Review Conclusion

As the number of online casinos grows, so does the number of offers. This might sound like good news but it can make life more difficult. How can you possibly be expected to choose the best one?

You don’t want to spend endless hours looking at offers, do you? Even then, it can be virtually impossible to work out if an offer is good or not. You could spend a long time looking at the details without understanding how good it really is.

This Bonus Chum review has shown that it can be a clever way of choosing the right deals. You can make sure that you get an offer that really suits you every time. There is no longer any need to guess which casino offer to go for.

This means that it is great for advanced matched bettors. If you are new to this way of making money then can you use it? You certainly can. But you might feel that it is a little bit too in-depth for your needs.

Overall, this is a great tool for many different types of people. It is easy to use and comprehensive. The fact that it isn’t free might cause you to think twice, though. The cost is reasonably high but it should help you to win more money.

Why take chances with casino bonuses? You can use Bonus Chum to fully understand what each offer could truly be worth to you.

I’d also recommend a subscription to Profit Maximiser to highlight the new account bonuses and on going offers to save you time. Click here for a 14 day trial.

The post Bonus Chum Review – Is it worth buying? appeared first on Mike Cruickshank.

Online casinos offer a terrific opportunity for playing games in the way that best suits you. The top casinos have hundreds of games that you can play at home or on a mobile device. These usually include slots, roulette, blackjack and lots more besides. In this piece I’ll be talking about using a Casino Bonus EV Calculator.

The idea of joining up is made more enticing by the welcome bonuses that they offer to new players. They will often give you a lot of free money to play with.

However, it is important that you make the most of this bonus in order to make it worthwhile. You don’t want to just fritter it away without anything to show for it, do you?

To do this you need to find out about how to find and use a casino bonus EV calculator. So, what is this and how should you go about using it? Thankfully, it is easier to use than you might think.

What Is the EV?

EV stands for estimated value. This formula is a way of working out how valuable a casino bonus could be to you.

To put it simply, estimated value in this case is the amount that you would expect to get back. In other words, the winnings. This is calculated long term for each game that you might want to play. Therefore, the figure is worked out as though you were playing the same game over and over again.

It is an average figure that reflects your chances of winning money that you can withdraw. After all, the aim with any casino bonus is to convert it into real cash. This is done by working your way through the casino’s wagering requirements before withdrawing.

This is important because there are so many casinos with different offers. You need to know what you are looking for. Are you going to stand a good chance of getting a big return? Or is it likely that you bonus money goes up in smoke?

If a casino’s bonus is good then what games should you use it on? You might not think that this matters but it is going to have a big impact on how much money you can withdraw.

Some games might see you lose the bonus before you can withdraw it. In others, you will have a better chance of winning enough times to access the cash.

It isn’t a particularly difficult subject for someone who is good at maths. However, the sheer number of calculations that you need to make turns it into something more complicated. This means that it is necessary to use a casino bonus EV calculator.

In fact, if you try and work it out manually you will see that it is impossible. On the other hand, a well set up simulator will let you compare several slot games and show you exactly how to proceed.

In this way, you can very quickly work out what games to play on which casino. It isn’t a fool proof method that always guarantee wins. Yet, it is a proven, statistical approach that can give you a big helping hand.

This simulator is typically used to choose which slots game to play. Although it can also be used for the likes of blackjack and roulette too. You just need to feed in some information and you are ready to go.

Should you trust your casino bonus EV Calculator?

You will find a good number of different EV calculators online that you could use. They all work in different ways but the principle behind them is the same. This is that they aim to tell you how much value a casino bonus is likely to give you.

Yet, not every casino bonus calculator uses an EV formula that is going to help you. Some might cause you to make mistakes by giving you incorrect figures. You could be losing out on a lot of money if you use the wrong calculator.

The formula used by many people is the following: –

Estimated value = Bonus – (Wagering Requirement * House Edge)

This is wrong and using it will mean that you miss out on a lot of potentially rewarding offers. This will greatly impact on your ability to win money before you even get started. Basically, you will be playing the wrong games or using the wrong stake.

To correctly identify the offers you need to take advantage of, you need the right calculation. The correct EV formula is the one found on the EV Maximiser site. This is as follows;

Estimated Value = Bonus – (Average Wagering * House Edge)

The difference may appear small at first. But it will have a huge effect on your chances of earning a lot of money in the right casino. Let’s take a look at how it works in order to better understand this.

How Does a Slots EV Calculator Maximise Your Value? 

What is the end result that you want from running this simulator? It is to get the maximum amount of value possible out of the casino bonuses that you receive. You want to play through the bonus while winning as much as possible. This isn’t easy to do without a good strategy.

Therefore, we need to look at how the casino bonus EV calculator does that. In the case of a slot, it takes into account the RTP and the risk level of the game. This lets us see how much you should win when playing it numerous times.

After this, you need to complete the details of the amount you are going to deposit. You also need to complete the amount of the bonus that you are going to get. In addition, you fill in the wagering requirements. These are the conditions that you need to comply with in order to withdraw your winnings. 

You can then simply run the simulator. The software will then take everything into account. It will give you a cash amount for the expected value of the game that you have chosen. This is how much you might eventually be able to get your hands on.

The amount that you see here isn’t set in stone. After all, you could go on a lucky streak and win more than this. On the other hand, you might go through a dry spell that gives you lower winnings. It is simply an average that can be used to guide your decisions.

By understanding the expected value of each game you can decide which one to wager the bonus money on. This means that you stand a far better chance of walking away with cash winnings that you can withdraw.  

An Example of a Casino Slot EV Calculator in Action

Maybe it all seems a bit confusing so far? If you have never before used a casino bonus EV calculator then it can appear to be tricky. It may take some time to get your head around the idea.

The best approach in this case is to look at an example of how it works in real life. This will let us take it take by step and see some real figures.

We can use the 32Red Casino for our example. This popular casinos give a handsome welcome bonus. The offer rewards the player with £32 in extra funds for every £10 deposited. Used wisely, this bonus amount could bring in some very nice winnings.

The maximum deposit allowed on this promotion is £50. Which gives a £160 bonus to the player. The playthrough before withdrawal is allowed is £6,400 worth of bets.

This site counts most slots games as giving 100% in terms of contribution to these playthrough requirements. A few of the table games such as French Roulette and Baccarat only count for 10%. So, you need to play them far more to take your winnings home.

Some games don’t count towards the wagering requirements at all. It is well worth taking the time to check this out before you start. You might find a few slots in here that you need to avoid playing as well. In this example, 32Red has a handful of excluded slots on their list of conditions.

We then head over to check out their list of slots games. As with most big casinos, there are hundreds of titles to choose from. You will find lots of different titles from the big software developers.

At this stage, you can look for slots that catch your eye. It may be one that is based on your favourite movie. Or maybe you have just read a good review of it. The idea is to take a note of maybe 3 or 4 different slots to start with.

After this, we enter into the simulator on EV Maximiser. In here, we look for those slots that we are interested in. Let’s say that we choose Jurassic Park, Football Star, World Cup Mania and Hot Ink from the casino. We now select them in the simulator and see their details appear.

The next step is to fill in the deposit amount of £50. This is followed by the bonus amount of £160 that we will get from 32Red Casino. We then add in the wagering requirement of £6,400. Finally, we put in the bet size as £1 and run the simulator.

You will now see expected values appear for each of them. The slots we have looked at in this example are all classed as being medium risk apart from Jurassic Park. They also have similar RTPs in the range of 96 – 97%.

For instance, Jurassic Park brings back an estimated £69.18. World Cup Mania sits at £47.71. The differences between are big in this case but they won’t be in some other examples.

We also need to take into account the chance of busting while playing. The higher this figure the more risk there is of losing your money before completing the wagering requirements.

We can then look at a different approach by increasing the bet size. If we raise this to £5 then the figure for Jurassic Park increases to £105.05. However, the risk of busting also goes up. The average amount of wagering needed goes down in this case too.

In this way, it is possible to try out a few different options. By collecting a range of figures you will start to get a feel for which ones are more tempting than others.

Which Option to Choose?

In the example that we looked at we can see all of the information needed to decide. Which slot should you choose to maximise your bonus? The one with the highest return and lowest chance of busting should be your ideal choice.

We can also see how increasing the bet size has a big effect. This gives you the potential for bigger wins but also more chance of busting. It is really a balancing act between getting the best returns while keeping the risk low.

It is down to personal preference whether you take a risk or go for the safer option. If you are going to be claiming a lot of bonuses from casinos then smooth, consistent results is probably best.

Once you have chosen the slot that you like the look of it is time to spin the reels. You will then either bust out or else work through the wagering requirements successfully. In this second case, the winnings will be all yours to withdraw.

The Different Types of Bonuses

You also need to be aware of the different types of casino bonus around. The kind of bonus you are looking at will affect how to calculate the EV.

The following are the main types of bonus to take into account.

• Cashable. This is the most commonly seen type of casino offer right now. You simply get a bonus amount added onto your deposit. You then need to wager it a certain number of times before withdrawing.  There are two different ways of calculating the EV in this case. It all comes down to whether there is a risk of going bust. If there isn’t then the formula is Estimated value = Bonus – (Wagering Requirement * House Edge). When there is a risk of going bust we replace the “Wagering Requirement” with “Average Wagering”.

• Post Wager. In this situation, you get the bonus credited after completing the casino’s wagering requirements. Post wager bonuses aren’t very common now. They tend to be less useful than cashable bonuses anyway. In this case, the formula used is Estimated Value = Bonus – (Wagering Requirement * House Edge). There is no difference to the estimated value when changing the size of stake or variance.

• A cashback bonus is one that gives you a percentage of your money back. This can be on losses, on your winnings or on both. Ideally it will be on both wins and losses. This bonus can typically be withdrawn right away. The formula used is Estimated Value = (Bonus * Chance of Busting) – (Average Wagering * House Edge). You should always set a target and bet to it unless you go bust. A minimum of 25% cashback is needed to make this worthwhile.

• Sticky bonus. This type of bonus only lets you withdraw the winnings from your bonus amount. You can never take out the actual bonus no matter how many times you play it through. The EV is worked out in the following way; Estimated Value = (Bonus * Chance of Busting) – (Average Wagering * House Edge). Bigger stakes and higher variance betting increases your chances here. Again, working to a target balance or until you go bust is best.

The Casino Slot EV Calculator Database

As we have seen, it is vital that you can compare RTPs and risk levels on the slots you are considering. There is a lot of information to be taken into account. This means that you need to use a comprehensive slot calculator database to do it for you.

There is simply no way of working out all of these figures on your own. Even doing it for one slot would be incredibly tough. When you consider that most casinos have hundreds for you to compare it is downright impossible.

This is where the casino bonus EV calculator at EV Maximiser is invaluable. Here, you will find 845 slots at the time of writing. This database has just about every slots game that you could want to research.

Everything that is needed for the calculation is already included here. After the name of the slot you will see how many paylines it has. Then the RTP followed by the risk rating. Finally, you can see which company provides the software.

You can use this database to compare the estimated value of a casino bonus using several different slots at the same time.

Casino Bonus EV Calculator Conclusion

Just getting hold of a casino bonus isn’t enough. To make the most of this offer you then need to then use it smartly.

By using a good casino bonus EV calculator you will work out what games to play. You will also see how much to bet. In this way, you can give yourself the best possible chance of getting winnings you can withdraw.

There is no guarantee that you will win every time. However, this approach will maximise your chances of doing so. By working out how to use your bonus money you will make these bonuses work a lot harder for you.

The post Casino Bonus EV Calculator appeared first on Mike Cruickshank.

What are cash before bonus offers?

If you have a large win with your money you can withdraw. If you lose your deposit then you start playing with the bonus money. The wagering requirements don’t start until you are playing with the bonus.

How do I use them?

Make a deposit to the casino and they will credit the bonus. The target is to double your initial deposit and then withdraw. E.g. deposit £50 and if your balance goes above £100 forfeit the bonus and withdraw. If you lose the deposit then try to complete the wagering requirements with the bonus.

You can increase the EV by using larger spins with your own money. Just make sure that if you dip in to the bonus you aren’t breaking the casinos maximum bet amount.

How to work out the EV using EV Maximiser?

1. First work out the value of the bonus.- Click the cashbable bonus option.
   – Deposit amount 0.
   – Enter the bonus amount.
   – Enter the wagering requirements.
   – Enter your spin size.
   – Run simulator and write down the EV figure.
2. Next work out the bonus before cash EV.- Click the cashback option.
   – Enter deposit amount.
   – Enter the EV figure you worked out in step 1 as the cashback amount.
   – Balance target is double the deposit amount.
   – Enter your spin size.
   – Run simulator.That will give you the correct estimated value figure for cash before bonus offers.Not a EV Maximiser member? Click here to sign up

The post EV Maximiser Cash Before Bonus Offers appeared first on Mike Cruickshank.