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Codeta is Not Recommended, Click here to find a great bonus at a Recommended Casino

Codeta Welcome Bonus Code

100% up to €300

Max Bonus 300
Min Deposit 10
Max Bet 25%xb
Type Cashable
Wagering 35xb
Deposit Method Restrictions: Neteller and Skrill

Codeta

Casino Rating: 5.5/10

Terms and Conditions

The Codeta Welcome bonus currently offered exclusively through ThePOGG consists of a bonus of 100% up to £300.

The minimum deposit that will trigger the bonus is £10.

Any cashback received is considered a bonus and subject to wagering requirements of 35xbonus.

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 25% of the bonus received.

There is no maximum allowed win term for the deposit bonus.

The bonus is cashable.

Players depositing via Neteller or Skrill are not eligible to receive this bonus.

Bonus and associated winnings will expire after 30 days if wagering requirements are not completed.

Game Weightings:

  • Slots 100%
  • Book of the Dead 50%
  • Roulette, Blackjack, Casino Hold’em, Baccarat, Dice Games, All other Table Games 25%
  • Videopoker, Dead or Alive, Blood suckers, Mega Joker, Jackpot 6000, Castle Builder 10%
  • All other games 100%

Available to newly registered players only.

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.

 

 

 

Simulations

Our review will provide a value for Low Rollers, Mid Rollers and 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 (£4.95/spin) and a deposit value of £100.

Super High Rollers will use a player bet size (£9.99/spin) and a deposit value of £300.

 

 

Deposit Bonus

The structure of Codeta 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 30×35 = £1050 and a bet size of £0.09/spin we get the following results:

So the value of the bonus is -£0.08.

Mid Roller Bonus

Using a deposit of £50 with a bonus of £50, with a wagering requirement of 50×35 = £1750 and a bet size of £0.54/spin we get the following results:

So the value of the bonus is £12.47.

High Roller Bonus

Using a deposit of £100 with a bonus of £100, with a wagering requirement of 100×35 = £3500 and a bet size of £4.95/spin we get the following results:

So the value of the bonus is £51.41.

Super High Roller Bonus

Using a deposit of £300 with a bonus of £300, with a wagering requirement of 300×35 = £10500 and a bet size of £9.99/spin we get the following results:

So the value of the bonus is £135.19.

Codeta Cashback Bonus

The Codeta Casino Welcome bonus currently consists of a bonus of 10% cashback on wins or losses up to £3000.

The minimum deposit that will trigger the bonus is £10.

Any cashback received is considered a bonus and subject to wagering requirements of 1xbonus.

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 25% of the bonus received.

There is no maximum allowed win term for the deposit bonus. The maximum allowed win with the complimentary spins is £100.

The bonus is cashable.

Players depositing via Neteller or Skrill are not eligible to receive this bonus.

Game Weightings:

  • Slots 100%
  • Book of the Dead 50%
  • Roulette, Blackjack, Casino Hold’em, Baccarat, Dice Games, All other Table Games 25%
  • Videopoker, Dead or Alive, Blood suckers, Mega Joker, Jackpot 6000, Castle Builder 10%
  • All other games 100%

 

 

 

Simulations

Our review will provide a value for Low Rollers, Mid Rollers and 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), a target of 5xdeposit to make a withdrawal and a low deposit value of £30.

Mid Rollers will use an average player bet size (£0.54/spin), a target of 5xdeposit to make a withdrawal and an average deposit value of £50.

High Rollers will use a player bet size (£4.95/spin), a target of 5xdeposit to make a withdrawal and a deposit value of £100.

Super High Rollers will use a player bet size (£9.99/spin), a target of 5xdeposit to make a withdrawal and a deposit value of £1000.

 

 

Cashback

The structure of the Codeta Casino bonus means that you will receive either a 10% increase on your win or 10% back on your losses. You then have a wagering requirement that applies to your cashback. To calculate the value of this we need to simulate the average loss playing to a win of 5xdeposit or busting out. We then know that the cashback received will either be 10% of deposit (in cases where the player busts) or 50% of the deposit (where the player wins 5xdeposit). We then simulate the impact of the wagering requirement on this bonus. We need 2 simulations to do this, one in case of a loss and one in case of reaching the 5xdeposit target.

Finally we take the results from these two simulations and carry out the following sum:

Bonus Value = [Loss Value]x[Probability of Bust] + [Win Value]x[1-(Probability of Bust)]

Low Roller Bonus

Using a deposit of £30, a withdrawal target of 5xdeposit and a bet size of £0.09/spin we get the following results for the initial play:

So the pre-bonus play with cost on average -£22.89

To calculate the Average Cashback we do the following sum:

3×0.9563 + 15×0.0437 = £3.52

The value of the bonus after completing the 1x wagering requirement is 3.52×0.961 = £3.38

So the value of the bonus is £3.38

Adding the bonus value to the expected loss from the pre-bonus play we get -£22.89 + £3.38 = -£19.51

Mid Roller Bonus

Using a deposit of £50, a withdrawal target of 5xdeposit and a bet size of £0.54/spin we get the following results for the initial play:

So the pre-bonus play with cost on average -£18.13.

To calculate the Average Cashback we do the following sum:

5×0.8945 + 25×0.1055 = £7.11

The value of the bonus after completing the 1x wagering requirement is 7.11×0.961 = £6.83

So the value of the bonus is £6.83

Adding the bonus value to the expected loss from the pre-bonus play we get -£18.13 + £6.83 = -£11.30.

High Roller Bonus

Using a deposit of £100, a withdrawal target of 5xdeposit and a bet size of £4.95/spin we get the following results for the initial play:

So the pre-bonus play with cost on average -£14.54.

To calculate the Average Cashback we do the following sum:

10×0.8846 + 50×0.1154 = £14.62

The value of the bonus after completing the 1x wagering requirement is 14.62×0.961 = £14.05

So the value of the bonus is £14.05

Adding the bonus value to the expected loss from the pre-bonus play we get -£14.54 + £14.05 = -£0.49.

Super High Roller Bonus

Using a deposit of £1000, a withdrawal target of 5xdeposit and a bet size of £9.99/spin we get the following results for the initial play:

So the pre-bonus play with cost on average -£380.38.

To calculate the Average Cashback we do the following sum:

100×0.8964 + 500×0.1036 = £141.44.

The value of the bonus after completing the 1x wagering requirement is 141.44×0.961 = £135.92

So the value of the bonus is £135.92

Adding the bonus value to the expected loss from the pre-bonus play we get -£380.38 + £135.92 = -£244.46.

The United Kingdom of Great Britain and Northern Ireland sits to the north-west of mainland Europe. The United Kingdom shares a border with The Republic of Ireland and has coasts on the Atlantic Ocean, Celtic Sea, North Sea, Irish Sea and English Channel. The population of the UK is approaching the 67.6 million mark leading to a fairly densely populated land mass. The gambling sector in the United Kingdom is entirely regulated and licensed by the UKGC – the United Kingdom Gambling Commission. Should players resident In the UK wish to gamble with foreign based operators there is no history of this being treated as a criminal offence, but high levels of protection exist for UK residents playing with UK licensed operators.

Disclaimer:

The above information is what we believe to be the the legal status of online gambling, however information on this topic is limited and hard to find. We accept no liability for any errors or ommissions. It is the reader’s responsibility to ensure that they know the legality of online gambling in their country before engaging with any online gambling service.