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Casino bonus terms: wagering, caps and cash value

Learn to read match percentages, wagering bases, game contribution, maximum bets and expiry dates using a clear bonus comparison checklist.

A useful bonus comparison begins with the terms, not the headline percentage. The same advertised match can have very different cash value depending on wagering, withdrawal caps, game contribution and expiry.

Put these terms side by side

TermWhat to write down
Match rate and capThe percentage plus the maximum bonus amount
Minimum qualifying depositWhether the amount and currency match your plan
Wagering baseBonus only, deposit plus bonus, or another defined balance
Game contributionWhat share of eligible play counts towards wagering
Maximum betThe limit while a bonus is active
ExpiryThe deadline for claiming and completing conditions
Withdrawal capAny limit on convertible or withdrawable value

Work through the arithmetic

An illustrative 100% match on a $100 deposit creates a $100 bonus, subject to a cap. If the wagering requirement were 20 times the bonus only, that would mean $2,000 of qualifying wagering. If it were 20 times deposit plus bonus, it would mean $4,000. These are examples, not an offer available on this site.

Game contribution changes the calculation. At 50% contribution, $100 of wagering counts as $50 towards the requirement. Excluded games may contribute nothing, and breaking a maximum-bet rule can have separate consequences under the actual terms.

Separate bonus money from cash

The account may display cash, bonus credit and locked winnings separately. Read which balance is spent first and what happens if you withdraw, cancel the promotion or miss its deadline. “No wagering” still requires examination of redemption, verification and caps; see our no-wagering terms guide.

Comparing larger deposits

A larger advertised cap does not by itself improve the terms. Use the same calculation at the intended amount and inspect the qualifying-payment rules. The $1,000 deposit example explains how a match cap changes the headline result.

We do not publish a live bonus amount or a tested operator ranking. Partner-link information is on our affiliate disclosure. Australian product distinctions are explained in online pokies in Australia.

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