Welcome offers as each casino states them, with the wagering, the maximum bet and the expiry where the brand publishes them.
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A welcome offer credits extra funds, or a set of spins, to a new account and attaches conditions to them. Until those conditions are met the credited amount is not the same as deposited money: it can be staked, but not withdrawn.
The headline is the smallest part of the offer. Its price is set by what sits under it: the wagering multiplier, the amount it applies to, the largest bet allowed while a bonus is active, the weight each game carries, the withdrawal ceiling, the expiry, and the exclusions.
Each offer on the offers page is copied as the operator words it; the amount, minimum deposit, wagering and number of spins beside it are shown only where they were found. An empty field means the term was not found on the operator's own pages.
Wagering is a turnover requirement. A requirement of 40x means the base amount has to be staked forty times over before the bonus, or the winnings attached to it, can be withdrawn. Stakes count cumulatively, and money returned as a win can be staked again and counted again.
The multiplier is half of the term; the base it applies to is the other half. Some operators wager the bonus alone, some the deposit plus the bonus, some the deposit. The same multiplier over a larger base is a larger requirement, so one number on its own does not describe an offer.
Spins carry the same structure in different wording: the requirement is written against the winnings the spins produce, at a stated multiplier, with the value of one spin fixed by the operator. Spin terms and cash-bonus terms are stated separately.
The arithmetic is one line: turnover equals the multiplier times the base. To compare two offers, divide that turnover by the amount that could actually leave the account. The result is a price, in staked money per unit of withdrawable money.
The table below is an arithmetic example, not collected data.
| Example | Deposit | Bonus | Multiplier | Applied to | Turnover required | Turnover per unit |
|---|---|---|---|---|---|---|
| A | 100 | 100 | 30x | Bonus | 3,000 | 30 |
| B | 100 | 50 | 20x | Deposit and bonus | 3,000 | 60 |
| C | 100 | 100 | 30x | Deposit and bonus | 6,000 | 60 |
A and B demand the same turnover, but B demands it for half the bonus, so each unit of that bonus costs twice as much to release. C carries the multiplier of A and costs twice as much once the deposit joins the base.
A large percentage with a heavy multiplier and a small percentage with a light one cannot be ranked by the percentages. The larger offer sometimes comes out cheaper per unit released, because the bonus grows faster than the requirement; sometimes dearer, because the requirement covers the deposit too. Only the division above settles it, offer by offer.
Two further terms sit in the calculation. A cap limits how much of the percentage is ever credited, so a high percentage with a low cap behaves like a small offer. A maximum cashout limits the other side of the division.
A maximum stake per spin or hand, holding while a bonus is active, is one of the fields taken from the terms where an operator states it. In the wording of terms that set such a cap, exceeding it is a breach rather than a rejected bet: the stake goes through, and the bonus and its winnings can be voided afterwards. Some terms set the cap as a share of the bonus, or count feature purchases against it. Where no cap was found, the field is left empty rather than filled from another offer.
Game contribution decides how much of a stake counts. Rates are published by category, with slots, table games, video poker and live formats listed separately, and a category can be set at the full rate, at a reduced rate, or at nothing at all. If a game is weighted at ten per cent, a unit staked on it moves the requirement by a tenth of a unit. Weightings belong to the offer, not to the game, so the same category can carry different rates in two offers; terms used here are defined in the glossary.
A maximum cashout is a ceiling on what can be taken out of a completed bonus, written as a fixed amount or as a multiple of the bonus or the deposit. Anything above it is removed at withdrawal, whatever the balance showed during play.
Bonuses expire. Terms state the windows: one to claim the offer and another to complete the wagering, together with the point each is counted from, which can be the moment of crediting rather than the first session. Where a window is stated, the wording next to it says what closing does to the unwagered bonus and to the winnings tied to it, and removal of both is the outcome these clauses describe. Spins can run on their own schedule, released in batches with separate deadlines. Some payment methods are excluded from welcome offers entirely, and the offer’s own terms name them.
Terms list games that cannot be played while a bonus is active, or that count for nothing toward the requirement. The list belongs to the offer and is set out in the operator's own terms, so what it names differs from one offer to the next; where the wording says so, opening an excluded game voids the bonus rather than simply failing to count.
Operators also list playing patterns treated as abuse: covering opposing outcomes to lock in a low-risk result, clearing the requirement on minimum stakes and then jumping to a large one, splitting play across duplicate accounts, or claiming one offer twice from the same household or payment method. The stated consequence is forfeiture of the bonus and its winnings.
Requesting a withdrawal while wagering is outstanding is itself a decision about the bonus. The published outcomes are that the bonus and everything won from it are removed and the remaining deposit paid out, or that the whole balance counts as bonus money and is removed. Which applies is written in the terms.
That is why the conditions are read before the deposit. Once funds are in and a bonus is attached, the choice narrows to finishing the requirement under the stated limits or giving the bonus up, and the version of the terms that applies is the one the operator states applies to that offer. The fields worth locating first:
Each offer links to the casino's card, and the card links to the casino's own site, where the terms can be checked. Listings by operator are in casinos, and the vocabulary in the glossary.
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