Terms and Conditions
The Cobra Casino Welcome bonus currently consists of a bonus of 100% up to $750 plus 250 complimentary spins on: NetEnt: Dead or Alive, Space Wars; Bgaming: Deep Sea, Platinum Lightning Deluxe games; 25 spins a day for 10 days.
The minimum deposit that will trigger the bonus is $20.
This bonus has a wagering requirement of 40xbonus for the deposit bonus and 40xwinnings for the complimentary spins.
The bonus uses the standard bonus structure with funds being locked from the moment of deposit until all wagering requirements are met and bets with both deposited and bonus funds contributing to the wagering requirement.
The maximum allowed bet is $5 on any single round of play.
There is no maximum win on the deposit bonus; maximum win on the complimentary spins is $30.
Bonuses may differ in some jurisdictions – check for your country before playing.
The bonus is cashable.
No bonuses for players depositing via Neteller or Skrill.
Bonus and associated winnings will expire after 14 days if wagering requirements are not completed; Complimentary Spins expire after 3 days.
- Slots 100%*
- * Craps (1×2 Gaming), Scarab Treasure (Amatic), No such games (Belatra), Ninja (Endorphina), 1429 Uncharted Seas (Epic Media), Egyptian Dreams Deluxe, Knockout Football, London Hunter, Magic Oak, Pumpkin Patch, Santa’s Village (Habanero), Mega Boy, Roo Riches, Super Fast Hot Hot Respin, Tree of Fortune, Vegas High Roller (iSoftbet), Dead or Alive, Devil’s Delight, Lucky Angler, Reel Rush 2, Reel Steal, Robin Hood: Shifting Riches, Scudamore’s Super Stakes, Serengeti Kings, Single Deck Blackjack Professional Series, The French Roulette, The Wish Master, TXS Hold’em Professional Series (NetEnt), Baker’s Treat, Eye of the Kraken, Golden Legend, Happy Halloween, Hugo 2, MULTIFRUIT 81, Pearls of India, Pimped, Rage to Riches, Royal Masquerade, Sea Hunter, Tower Quest (Play’nGo), Queen of Gold, Jade Butterfly (Pragmatic), 300 Shields, African Quest, Agent Valkyrie, Astro Legends: Lyra and Erion, Art of the Heist, Beautiful Bones, Bikini Party, Book of Oz, Bookie of Odds, Break Da Bank Again Respin, Castle Builder, Castle Builder II, Cool Buck, Craps, Dragon Dance, Forsaken Kingdom, Gems Odyssey, Gems Odyssey 92, Hot Ink, Le Kaffee Bar, Magic of Sahara, Medusa, Peek-a-Boo – 5 Reel, Pets Go Wild, Reel Gems, Retro Reels, Retro Reels Diamond Glitz, Retro Reels Extreme Heat, Scrooge, Spectacular Wheel of Wealth, Stardust, Tomb Raider – Secret of the Sword, Tomb Raider, Untamed Bengal Tiger, Untamed Crowned Eagle, Untamed Giant Panda, Untamed Wolf Pack, Vampire: The Masquerade – Las Vegas, Village People Macho Moves, Wheel of Wealth Special Edition, Wheel of Wealth, Wild Orient, Zombie Hoard (Quickfire), Skulls Up! (Quickspin), Three Musketeers (Red Tiger), Kingmaker, Lil Devil (Relax), Cupids Strike 2, Divine Forest, Lemur Does Vegas, Summer Splash, Mines of Gold (Spinomenal), 1429 Uncharted Seas (Thunderkick), Alchymedes, Cazino Cosmos, Dark Vortex, Dwarf Mine, Double Dragons, Holmes and the Stolen Stones, Jackpot Raiders, Jokerizer, Ozwin’s Jackpots, Spina Colada, The Dark Joker Rizes, The Royal Family, Tut’s Twister, Vikings go to Hell, Vikings go Berzerk, Wicked Circus, Wolf Hunters (Yggdrasil), all Jackpot slots 0%.
- All Roulette and Table Games 10%
- Video Poker 20%
- Craps 5%.
Available to newly registered players only.
Enter Bonus Code: COBRA100
Every effort is made to ensure these terms are accurate and up-to-date, however we accept no responsibility for inaccuracies or errors. It is your responsibility to ensure that you confirm the terms of any promotion you accept with the operators website before you play.
Our review will provide a value for Low Rollers, Mid Rollers, High Rollers and Super High Rollers. Each category will use the same slots game (Thunderstruck) for accurate comparison.
Low Rollers will use the minimum possible bet size ($0.09/spin) and a low deposit value of $30.
Mid Rollers will use an average player bet size ($0.54/spin) and an average deposit value of $50.
High Rollers will use a player bet size ($3.96/spin) and a deposit value of $100.
Super High Rollers will use a player bet size ($4.95/spin) and a deposit value of $750.
The value of the complimentary spins will be assessed first and added on to the value of the bonus at the end of simulation.
Complimentary Spins have to be assessed in two steps. Firstly the average win for the Complimentary Spins have to be established and secondly the wagering requirement has to be assessed for that average win to find how much the player will be left with on average.
In the case of the Cobra Casino complimentary spins we have 250 complimentary spins on Dead or Alive with a value of $0.09/spin. That’s a total of 250×0.09 = $22.50 of wagers. The average win from the complimentary spins will simply be the total wagers multiplied by the RTP. So 22.50×0.968 = $21.78.
We then take the $21.78 win and assess the impact of the wagering requirement. The wagering requirement will be $21.78×40 = $871.20. We then conduct the following simulations for Low, Mid, High and Super High Roller play:
So the complimentary spin value is $3.95 when placing minimum bets.
Complimentary spin value is $2.56.
Complimentary spin value is $1.10.
The structure of Cobra Casino bonus is of the straightforward kind where bonus terms apply from the moment of deposit. This makes for a very straight forward simulation that requires only one step.
Low Roller Bonus
Using a deposit of $30 with a bonus of $30, with a wagering requirement of 40×30 = $1,200 and a bet size of $0.09/spin we get the following results:
Adding the value of the complimentary spins we get -$2.41 + $3.95 = $1.54.
Mid Roller Bonus
Using a deposit of $50 with a bonus of $50, with a wagering requirement of 40×50 = $2,000 and a bet size of $0.54/spin we get the following results:
Adding the value of the complimentary spins we get $9.68 + $2.56 = $12.24.
High Roller Bonus
Using a deposit of $100 with a bonus of $100, with a wagering requirement of 40×100 = $4,000 and a bet size of $4.95/spin we get the following results:
Adding the value of the complimentary spins we get $48.32 + $1.10 = $49.42.
Super High Roller Bonus
Using a deposit of $750 with a bonus of $750, with a wagering requirement of 40×750 = $30,000 and a bet size of $4.95/spin we get the following results:
Adding the value of the complimentary spins we get $67.58 + $1.10 = $68.68.
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