Karl Welcome Bonus Code

Terms and Conditions

The Karl Welcome bonus currently consists of a bonus of 100% up to 1000SEK. For the purposes of evaluating the bonus value for rankings we will use 1SEK = £0.10. 10% cashback on losses is available on non-bonus deposits. The minimum deposit that will trigger the bonus is 100SEK. This bonus has a wagering requirement of 35xbonus. The bonus is structured so that only wagering with bonus funds, which are stacked beneath the deposited funds, counts towards the wagering requirement. This also means that bonus restrictions, do not apply while you are wagering with your deposited funds. In other words as long as you are only using deposited funds you can withdraw at any time you like. The maximum allowed bet is 500SEK on any single round of play. There is no maximum win on this bonus. The bonus is cashable. Game Weightings:

• Slots, Video Slots, Lottery, Other games 100%
• Video Poker 10%
• Table games 10%
• Live Casino 0%

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 (0.90/spin), a low deposit value of 300SEK and a withdrawal target of 5xdeposit for play before the bonus is triggered. Mid Rollers will use an average player bet size (5.40/spin), an average deposit value of 500SEK and a withdrawal target of 5xdeposit for play before the bonus is triggered. High Rollers will use an average player bet size (49.5/spin), a deposit value of 1000SEK and a withdrawal target of 5xdeposit for play before the bonus is triggered.

 

 

Deposit Bonus Due to the structure of the Karl Casino bonus where wagers with deposited funds do not count towards the wagering requirement the bonus has to be assessed in two parts: the pre-bonus wagering and the value of the bonus. Once we have conducted these simulations we work out the value of the bonus as follows: [Expected Loss from pre-bonus play] -([Value of the bonus]x[Chance of using the bonus]) = [Average Expected Value for the bonus] Low Roller Bonus Using a deposit of 300SEK with a bonus of 300SEK, with a wagering requirement of 30x35 = 10500SEK, a withdrawal target of 5xdeposit and a bet size of 0.90/spin we get the following results:

We now do a quick sum to calculate the overall value of the bonus: Average Expected Value for the bonus = -229.03 + (119.69x0.9563) = -114.57SEK. Converting this to GBP we get -£11.58. Mid Roller Bonus Using a deposit of 500SEK with a bonus of 500SEK, with a wagering requirement of 500x35 = 17500, a withdrawal target of 5xdeposit and a bet size of 5.40/spin we get the following results:

We now do a quick sum to calculate the overall value of the bonus: Average Expected Value for the bonus = -182.49 + (287.55x0.8949) = 74.84 Converting this to GBP we get £7.48. High Roller Bonus Using a deposit of 1000SEK with a bonus of 1000SEK, with a wagering requirement of 1000x35 = 35000SEK, a withdrawal target of 5xdeposit and a bet size of 49.50/spin we get the following results:

We now do a quick sum to calculate the overall value of the bonus: Average Expected Value for the bonus = -164.43 + (720.28x0.8871) = 474.53. Converting this to GBP we get £47.45.