20 July 2023
What is Actual Bonus Value (FBV)?
- FBV stands for actual bonus value.
- It is a way of measuring how much a bonus is worth if you take the bonus conditions into account.
- FBV is not a perfect or accurate measure.
The actual bonus value (ABV) is a way to easily compare casino bonuses. You can think of it as "comparison prices" that are always available on products in the grocery store, where next to the item's price, there is also a price per kilogram or price per liter. Comparison prices make it easy for you as a customer to compare the price of a large bag of chips with the price of a small bag of chips and see which option gives you the most chips for your money. ABV is the same thing but for casino bonuses - an easy way to see where you get the most value for your money.
It is us at saferonlinegambling.org who have developed the measure FBV, and we have done it because casino bonuses are often so difficult to understand. It feels like all online casinos have their own way of calculating and thinking about bonus terms. What we have done is to read all the gaming companies' terms and conditions, and then calculate how much a bonus is worth after the bonus has been wagered as a certain casino requires.
An easy example
A casino has a deposit bonus of 100 percent up to 1,000 kronor, the wagering requirement is x20 on the bonus amount only. There are no restrictions on which slots count towards the bonus.
In this case, the amount that must be wagered is 1,000 kroner x 20 = 20,000 kroner.
The game that is often best suited to wagering bonuses is 1429 Uncharted Seas (except that, like many other high-stakes slots RTP , it is often prohibited to play with bonus money). It has an RTP of 98.5 percent. If you wager 20,000 kronor with an RTP of 98.5 percent, you will lose an average of 1.5 percent of the wager, that is:
20,000 kroner x 0.015 = 300 kroner
Since we received 1000 kroner in bonus, and we will on average lose 300 kroner by turning over the bonus, the actual bonus value of the bonus is:
1000 kroner - 300 kroner = 700 kroner
The bonus is therefore worth 700 kronor in extra value for you as a new customer, not 1,000 kronor as one might think when seeing a 1,000 kronor bonus. 700 kronor is still good and significantly increases your chances of winning as a new customer.
In the same way, it is possible to make calculations with more complicated bonus conditions, just like it is possible to do for other types of bonuses, such as free spins or cashback. That is exactly what we have done when comparing FBV - calculated how much actual bonus value one gets after the wagering requirements.
Is FBV an accurate measurement?
No, unfortunately FBV is not an exact measure. It is a very good indication but not perfect. There are many parts of casino bonuses that are very difficult to take into account. For example, some casinos regulate how much one can win with bonus money, making it very difficult to mathematically calculate exactly.