The Gold Lounge Welcome Bonus Code

Terms and Conditions

The Gold Lounge Casino Welcome bonus currently consists of a bonus of 100% up to £100 plus 50 complimentary spins on Gonzo's Quest. The minimum deposit that will trigger the bonus is £10. This bonus has a wagering requirement of 40x(deposit+bonus) for the deposit bonus and 40xbonus for winnings on the complimentary spins. 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. There is no maximum bet term associated with this bonus. The maximum allowed win with this bonus, including from the complimentary spins, is 4xbonus. The bonus is cashable. Bonus and associated winnings will expire after 7 days if the wagering requirements are not completed. Game Weightings:

• Roulette, Blackjack 0%
• Dracula, Guns 'N' Roses, Jimi Hendrix, Divine Fortune, The Invisible Man, Da Vinci Diamonds MegaJackpot, Siberian Storm Megajackpot, Megajackpots Isle O'Plenty, Wolf Run Megajackpot, Star Lanterns Megajackpot, Gong Xi Fa Cai, More Monkeys Stellar Jackpot, Genie Jackpots, Winstar, Justice League, Batman, Superman, The Flash, Green Lantern, An Evening with Holly Madison, Psycho, James Dean, The Pig Wizard, Thunderstruck II, Avalon, Wheel of Fortune on Tour, Champion Raceways, Slot O Gold, Super Spinner, Super Diamond Deluxe, Worms, Top Cat, 100K Pyramid, Black Widow, Family Guy, Ghostbusters, Hot Rolls Super Times Pay, Jeopardy, Lucky Larrys Lobstermania 2, Noahs Ark, Sherlock Holmes: The Hunt for Blackwood, Western Belles, Wheel of Fortune Triple Extreme Spin, Wheel of Fortune: Ultra 5 Reels 0%

 

 

 

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 large player bet size (£4.95/spin) and a large deposit size of £100. Super High Rollers will use a large player bet size (£9.99/spin) and a large deposit size of £100. 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 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 Gold Lounge Casino complimentary spins we have 50 complimentary spins on Gonzo's Quest with a value of £0.10/spin. That’s a total of 50x0.10 = £5.00 of wagers. The average win from the complimentary spins will simply be the total wagers multiplied by the RTP. So 5.00x0.960 = £4.80. We then take the £4.80 win and assess the impact of the wagering requirement. The wagering requirement will be 4.80x40 = £192.00. We then conduct the following simulations for Low, Mid, High and Super High Roller play: Low Roller

So the complimentary spin value is £XXXX when placing minimum bets. Mid Roller

Complimentary spin value is £XXXX. High Roller

Complimentary spin value is £XXXX. Super High Roller

Complimentary spin value is £XXXX.

 

 

Deposit Bonuses Due to the structure of The Gold Lounge 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 £30 with a bonus of £30, with a wagering requirement of 40x60 = £2400, a withdrawal target of 5xdeposit and a bet size of £0.09/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 = -£XXXX + (£XXXXxXXXX) = -£XXXXX. Adding the free spin value on to the result above we get -£XXXX + £XXXX = -£XXXX. Mid Roller Bonus Using a deposit of £50 with a bonus of £50, with a wagering requirement of 40x100 = £4000, a withdrawal target of 5xdeposit and a bet size of £0.54/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 = -£XXXX + (£XXXXxXXXX) = £XXXX. Adding the free spin value on to the result above we get £XXXX + £XXXX = £XXXX. High Roller Bonus Using a deposit of £100 with a bonus of £100, with a wagering requirement of 40x200 = £8000, a withdrawal target of 5xdeposit and a bet size of £4.95/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 = -£XXXX + (£XXXXxXXXX) = £XXXX. Adding the free spin value on to the result above we get £XXXX + £XXXX = £XXXX. Super High Roller Bonus Using a deposit of £100 with a bonus of £100, with a wagering requirement of 40x200 = £8000, a withdrawal target of 5xdeposit and a bet size of £9.99/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 = -£XXXX + (£XXXXxXXXX) = £XXXX. Adding the free spin value on to the result above we get £XXXX + £XXX = £XXXX.