Bitcoin casino bonuses: the crypto offers worked out

Why the crypto offer is bigger

A card payment can be disputed weeks later and costs the casino a processor's fee. A crypto payment can't be pulled back. So the house pays you a little to use it, in the form of a bigger match. That's a fair trade on the deposit. Where it stops being fair is the rollover, which usually grows with the bonus, and the games you're allowed to clear it on.

I work every offer the same way. Multiply what the rollover is counted on by the rollover. Assume the slot returns 96 percent, the figure each of our reviews uses since none of these casinos publishes the returns of its slots as a whole, so the house keeps about 4 percent of all that play. Then set that cost against the bonus. The bonuses guide and what a 20x rollover means show the method.

Bovada's crypto bonus

Bovada Casino pays 125 percent up to $1,250 on each of three crypto deposits, against 100 percent up to $1,000 for everyone else. The first crypto bonus carries 25x on deposit plus bonus. The second and third carry 50x.

Deposit $1,000 by crypto and take $1,250. You owe 25 times $2,250, which is $56,250 of slot play, and at 4 percent the house expects about $2,250 of it. Take away the $1,250 bonus and you're about $1,000 down on average. The card version on the same $1,000 is 25 times $2,000, $50,000 of play, about $2,000 kept against a $1,000 bonus. Also $1,000 down. The extra $250 of crypto bonus buys you $6,250 more play and nothing else. The second and third crypto bonuses at 50x double the play to $112,500 each, about $4,500 expected against $1,250.

The weighting matters if you don't play slots. Slots count 100 percent, table games 20, blackjack and video poker 10, roulette and baccarat 5. Live dealer and craps count nothing, bonus money can't be played on live dealer, and the most you may bet while the bonus is live is 20 percent of your deposit.

Xbet's crypto bonus

Xbet Casino offers XBC250 to crypto depositors: 250 percent up to $1,000, from $50, at 40 times the bonus plus the deposit once. The card offer, XB300, is 300 percent up to $1,000 plus 50 free spins.

On a $200 deposit XBC250 gives $500. You owe $20,000 on the bonus and $200 on the deposit, about $808 of expected cost, so roughly $308 down. XB300 on the same $200 gives $600, needs $24,200 and costs about $968, so $368 down. The smaller crypto offer loses you less, which is how it usually goes. Blackjack counts 10 percent toward it, and craps and progressive jackpots count nothing. Xbet's own pages disagree on the rollover (one says 50x on deposit plus bonus) and on the expiry, and the default maximum win on a casino bonus is $100,000. I'd go by the strictest reading.

Free spins and free bonuses

The only free spins in our reviews come with the card welcome offers, not with crypto: 50 at Xbet with XB300 and 50 at MyBookie Casino with its 200 percent bonus. Xbet's are the better kind. Their winnings land as cash with a 1x rollover, and I'd take spins like that every time. MyBookie's review doesn't give separate terms for its spins, so I'd ask.

I found no crypto no-deposit bonus in any of the nine reviews. The nearest is the $55 free bonus at Everygame Casino, which comes at the end of a four-deposit package, carries double wagering and pays out $200 at most. The no-deposit bonuses guide explains why those are small by design.

What I'd take instead

The cheaper money is in the rebates. BetNow Casino gives back 10 percent of weekly casino net losses with no rollover mentioned, and YouWager Casino pays 2.5 to 5 percent daily cashback, up to $100, with no rollover at all. Neither asks you to play $50,000 to see it. I'd take a rebate over any crypto match on this list, and I'd set a loss limit before either one, because a rebate on a loss is still a loss.

The list below shows every casino we've reviewed that pays out in crypto, with the welcome bonus each one states. Whether you may play depends on where you live.