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Understanding Casino Bonuses: Wagering Requirements Explained

By Elise Moreau · February 14, 2026 · 9 min read

"Get a 200% deposit bonus up to 1 BTC!" Sounds amazing, right? But before you get excited, there's something every casino bonus has in common: wagering requirements. Understanding these terms is the difference between a genuinely useful bonus and one that's nearly impossible to cash out.

What Are Wagering Requirements?

Wagering requirements (also called "playthrough requirements" or "rollover") specify how many times you must bet the bonus amount before you can withdraw any winnings from it.

For example: You deposit $100 and receive a 100% bonus of $100. The bonus has a 40x wagering requirement. This means you must place a total of $4,000 in bets (40 × $100) before the bonus funds and any winnings become withdrawable.

The math reality: With a 40x wagering requirement and a house edge of 3%, you'd statistically lose about $120 while wagering $4,000. That means the $100 bonus is, on average, worth less than zero once you account for the expected losses during wagering. This is why reading the fine print matters.

Types of Casino Bonuses

Welcome/Deposit Bonuses

The most common type. The casino matches a percentage of your deposit. Common structures: 100% up to $500, 150% up to 1 BTC, etc. These almost always come with wagering requirements.

No-Deposit Bonuses

Free bonus money or free spins just for signing up. Sounds great, but these typically have the highest wagering requirements (50x-100x) and low maximum withdrawal limits.

Free Spins

Free plays on specific slot games. Winnings from free spins usually have their own wagering requirements. Pay attention to which games they're valid for — you often can't choose.

Reload Bonuses

Bonuses on subsequent deposits after your first. Usually smaller percentages than welcome bonuses but can have better terms.

Cashback/Rakeback

A percentage of your losses returned to you. These are often the best-value bonuses because they typically come with low or no wagering requirements. Several crypto casinos, including Shuffle and Stake, offer rakeback programs.

VIP/Loyalty Programs

Rewards based on your total play volume over time. Can include cashback, personalized bonuses, faster withdrawals, and dedicated account managers.

Key Terms to Watch For

Wagering requirements are just the beginning. Here are other terms that can significantly affect a bonus's actual value:

Game Weighting

Not all games contribute equally to wagering requirements. A common structure:

This means if you prefer blackjack, a 40x wagering requirement effectively becomes 200-400x. Always check which games count.

Maximum Bet Size

Most bonuses limit how much you can bet per round while wagering. Exceeding this limit (commonly $5-10 per bet) can void the bonus entirely. This is a common trap that catches new players.

Time Limits

Bonuses expire. Common timeframes are 7-30 days. If you don't complete wagering requirements in time, the bonus and associated winnings are forfeited.

Maximum Withdrawal Limits

Some bonuses (especially no-deposit ones) cap how much you can withdraw. You might win $1,000 from a free bonus but only be able to cash out $100.

Excluded Games

Certain games may be excluded entirely. Playing them with bonus funds might not count toward wagering, or worse, could void the bonus.

Deposit + Bonus vs. Bonus Only

A crucial distinction: does the wagering requirement apply to just the bonus amount, or to the deposit plus bonus? A 40x requirement on a $100 bonus = $4,000 in wagers. A 40x requirement on $100 deposit + $100 bonus = $8,000. That's a massive difference.

How to Evaluate If a Bonus Is Worth It

Here's a practical framework:

  1. Calculate the total wagering: Multiply the wagering requirement by the bonus amount (or deposit + bonus if applicable)
  2. Estimate your expected loss: Multiply total wagering by the average house edge of games you'll play (~2-5%)
  3. Compare: If your expected loss exceeds the bonus amount, the bonus has negative expected value
Example:
Bonus: $200 (100% match on $200 deposit)
Wagering: 35x bonus only = $7,000 total wagers
Playing slots with ~3% house edge: expected loss = $210

Result: You'd statistically lose $210 to earn a $200 bonus. The bonus is effectively worth -$10. You'd be better off playing without it — unless you enjoy the extra playtime.

Best Bonus Practices

Crypto Casino Bonus Landscape

Crypto casinos tend to offer more creative bonus structures than traditional ones. Common approaches among the casinos we review:

For full details on each casino's offerings, see our Best Crypto Casinos in 2026 review.

The Bottom Line

Casino bonuses can add value to your experience, but they're never free money. The house builds in the wagering requirements specifically to ensure that most bonus money is lost before it can be withdrawn. Understanding these mechanics doesn't guarantee you'll come out ahead — it just means you'll make informed decisions.

If a bonus's terms seem confusing or excessive, the simplest strategy is often the best: skip the bonus entirely and play with your own funds, with full freedom to withdraw whenever you want.

⚠️ Remember: Bonuses don't change the fundamental math of gambling. The house always has an edge. Never deposit more than you can afford to lose just to claim a bigger bonus. Read our responsible gambling guide for more on staying in control.
Last updated: February 15, 2026