Guide
Bonus Terms Decoded: Wagering, Caps and Game Weighting
A 400% match with 60x wagering can be worth less than a 100% no-wager offer. Here is the maths.
26 August 2026
Headline percentages sell bonuses; terms decide whether they are worth taking. The three clauses that matter are the wagering multiplier, the maximum conversion cap, and game weighting.
Wagering tells you how many times the bonus (sometimes bonus plus deposit) must be turned over before withdrawal. Conversion caps limit how much of your winnings survive that process. Game weighting decides how much each spin counts — slots usually 100%, live tables often 10% or nothing.
Run the comparison as expected value, not as a percentage. A no-wager £200 match is real money the moment it lands; a 400% match with 60x wagering and a £100 cap rarely is.
