Checked October 2026

Best casino bonus UK: every offer measured in pence back per pound, and where the 10x line falls

An offshore welcome package comes from a casino licensed away from Great Britain, wants at least £20 or €20 to open, carries between 35x and 40x on its bonus, and releases somewhere between 150 and 500 free spins over a run of deposits rather than all at once. One ruler prices all of them and every British offer too: on our medium-volatility “House” model slot, each multiple of play-through takes 3.9p out of every pound of bonus, so ten multiples leave 61p and forty leave you 56p worse off than if you had never claimed.

  • One sum, every offer shape
  • Simulated and shown working
  • 18+

The card scrolls sideways for the rest of the marks. The place and the casino stay where they are.

Casino welcome packages on the board, each marked out of 9 on the terms its operator publishes and ordered on the total, as at Oct 2026.
Place on the board Casino What it asks Mark out of 3 Win cap Mark out of 2 Stake ceiling Mark out of 1 Time to clear Mark out of 2 Paperwork Mark out of 1 Score Out of 9 Where the offer opens
1 Betportal Gentlest playthrough Anjouan, offshore 35x bonus 3 out of 3 5x the bonus 2 out of 2 €5 1 out of 1 14 days 2 out of 2 ALSI-202601040-FI2 1 out of 1 9 out of 9 Open the offer at Betportal
2 EliteSpin Opened this year Costa Rica, offshore 40x bonus and spin winnings 1 out of 3 5x the bonus 2 out of 2 Not published 0 out of 1 7 days (spins 3 days) 1 out of 2 Not published 0 out of 1 4 out of 9 Go to the offer at EliteSpin
3 WinBeast Throws in a free bet Curaçao, offshore 40x bonus and spin winnings 1 out of 3 €100 per spin batch 1 out of 2 Not published 0 out of 1 7 days (spins 1 day) 1 out of 2 Not published 0 out of 1 3 out of 9 See the package at WinBeast
4 Crown Jewelz Biggest first match Curaçao, offshore 40x bonus (reported) 0 out of 3 Not published 0 out of 2 Not published 0 out of 1 Not published 0 out of 2 Not published 0 out of 1 0 out of 9 View the offer at Crown Jewelz

18+ · New customers · T&Cs apply · The board as at Oct 2026

Each card in full

Betportal scored 9 of 9: the offer, the terms, the licence and our view

Pay in the €20 floor and you hold €30 of bonus money, which 35x turns into €1,050 of slot stakes; on a 96% game that turnover costs you about €42 on average, so the match gives back less than it asks for. What lifts it to the top of the book is the rest of the paperwork: a fortnight rather than a week, a €5 stake ceiling that is actually written down, and spin winnings that land as cash you can take straight out. The licence sits in Anjouan, so none of the backstops you would reach for at home are here: GamStop cannot shut the door, the British 10x cap on wagering does not bind it, and a withdrawal that stalls has nowhere domestic to go.

The offer, stage by stage

€1,000 of matched money and 150 spins across three deposits, which is 300% once the stages are added together Money in first

  • Deposit one is matched at 150%, capped at €500, and releases 100 spins.
  • Deposit two is matched at 100%, capped at €300, and releases 50 spins.
  • Deposit three is matched at 50%, capped at €200, with no spins attached.
  • Every spin is staked at €0.10, and whatever those spins win reaches you as cash with nothing to clear.

The terms that matter

Playthrough
35x bonus
Win limit
5x the bonus
How long you have
14 days
Stake ceiling
€5
What counts
Slots only count towards wagering
Checks
Documents before first withdrawal
Pay in from
€20
Turnover to clear
€1,050 of slot stakes at the €20 floor
Cashier in full
Visa, Mastercard, Apple Pay, Google Pay, Skrill, Neteller, ecoPayz, MuchBetter, bank transfer, Bitcoin, Ethereum, Litecoin, Tether, Solana

18+ only. Great Britain is not where this one is licensed. Each of the three stages wants €20 or more. The bonus carries 35x wagering and only slots push it along; anything the bonus goes on to win is trimmed back to 5x of it; while a bonus is live your largest allowed stake is €5, and the clock runs for 14 days. Winnings from the free spins reach you clear of any wagering. The operator publishes the terms in full and those are the ones that bind you.

Who licenses it

The licence for this one is held in Anjouan (Comoros), reference ALSI-202601040-FI2. There is no Gambling Commission licence behind it, which means GamStop cannot shut the door for you, the British 10x cap on wagering does not bind it, and a dispute has no domestic route out. Run by BetPortal Gaming Ltd / Excite Ultra Media Ltd. Details last looked at on 12 October 2026.

In its favour

  • 35x is the lowest figure in the book and the only one below 40x
  • Winnings from the spins arrive as cash with no clearing to do
  • A €5 stake ceiling and a fortnight to finish, both written down

Things to watch

  • No British licence, so a GamStop self-exclusion will not reach it
  • Whatever the bonus wins is trimmed back to five times the bonus
  • Two company names share the footer, which muddies who holds your money
EliteSpin scored 4 of 9: the offer, the terms, the licence and our view

Price the first rung rather than the poster: £20 at the top of the match range gives £20 of bonus, 40x turns that into £800 of slot stakes, and about £32 of it is the expected cost on a 96% game. Whatever a stage goes on to win stops at five times its bonus, which is at least written down, and that number will matter to you far more than the £5,000 on the front. PrimeTier Limited runs it from Costa Rica and opened it in 2026, so there is no payout history worth reading, and with no Commission licence there is no British route for a dispute either.

The offer, stage by stage

Five deposits, each one matched and each one carrying 100 spins, to a ceiling of £5,000 and 500 spins Money in first

  • Five deposits, each matched at a rate the site sets between 50% and 100%, and each match stopping at £1,000.
  • Every matched deposit adds 100 spins to the account.
  • A stage needs £20 or more before it counts.
  • Lootboxes and a BGaming tournament run alongside under their own rules rather than the welcome terms.

The terms that matter

Playthrough
40x bonus and spin winnings
Win limit
5x the bonus
How long you have
7 days (spins 3 days)
Stake ceiling
Not published
What counts
Slots
Checks
Documents before first withdrawal
Pay in from
£20
Turnover to clear
£800 of slot stakes at the £20 floor
Cashier in full
Visa, Mastercard, Apple Pay, Google Pay, Trustly, Skrill, Revolut, Paysafecard, bank transfer, crypto

18+ only. This is not a Great Britain licence holder. Every stage wants £20 or more. Wagering of 40x sits on the bonus and on anything the spins bring in; a stage converts into no more than 5x of its own bonus; the cash runs out after 7 days, while spins have to be switched on inside a day and used inside three. The operator publishes the terms in full and those are the ones that bind you.

Who licenses it

The licence for this one is held in Costa Rica. There is no Gambling Commission licence behind it, which means GamStop cannot shut the door for you, the British 10x cap on wagering does not bind it, and a dispute has no domestic route out. Run by PrimeTier Limited. Opened in 2026. Details last looked at on 12 October 2026.

In its favour

  • The 5x lid on bonus winnings is published rather than buried
  • Apple Pay and Google Pay both work, as do Trustly and a plain bank transfer
  • Revolut, Skrill and Paysafecard cover most of the e-wallet habits

Things to watch

  • Costa Rica rather than Great Britain, so GamStop will not hold the door shut
  • A 2026 start means there is no payout record to read yet
  • 40x lands on the spin winnings as well, and no stake ceiling is given
WinBeast scored 3 of 9: the offer, the terms, the licence and our view

That €5,000 only becomes real if you hand over €1,000 on five separate occasions, so price the first rung instead: €20 in at the top of its match range gives €20 of bonus, 40x makes that €800 of slot stakes, and roughly €32 of it is what you would expect to leave behind on a 96% game. The spins are easier to read than most, because a batch of 100 pays €100 at the very most and then goes stale a day after it lands. Curaçao holds the licence, nobody is named as the operator anywhere on the site, and no stake ceiling is published at all, so get an answer out of support before any money moves.

The offer, stage by stage

Five matched deposits reaching a ceiling of €5,000, with a €650 free bet and 500 spins riding along Money in first

  • Five deposits are matched, each one set somewhere between 50% and 100% and each capped at €1,000.
  • Every stage also releases 100 spins, which arrive in daily drops of 25 across four days.
  • No stage counts unless €20 or more goes in.
  • A €650 free bet sits beside the casino half of the package.

The terms that matter

Playthrough
40x bonus and spin winnings
Win limit
€100 per spin batch
How long you have
7 days (spins 1 day)
Stake ceiling
Not published
What counts
Slots; titles vary by country
Checks
Documents before first withdrawal
Pay in from
€20
Turnover to clear
€800 of slot stakes at the €20 floor
Cashier in full
Visa, Mastercard, Maestro, Apple Pay, Revolut, Trustly, ecoPayz, Paysafecard, bank transfer, Bitcoin, Ethereum, Litecoin, Tether

18+ only. No Great Britain licence stands behind this one. The smallest qualifying deposit is €20. Wagering of 40x sits on bonus money and on whatever the free spins bring in; no single batch of spins pays out above €100; the bonus itself lapses once 7 days are up, and a batch of spins one day after it lands. The operator publishes the terms in full and those are the ones that bind you.

Who licenses it

The licence for this one is held in Curaçao. There is no Gambling Commission licence behind it, which means GamStop cannot shut the door for you, the British 10x cap on wagering does not bind it, and a dispute has no domestic route out. Nobody is named on the site as running it. Details last looked at on 12 October 2026.

In its favour

  • The €100 ceiling on every spin batch is at least stated openly
  • Cards, Revolut, Trustly, Paysafecard and four coins all sit in the cashier
  • Spins come with every stage rather than trickling out over a month

Things to watch

  • Nothing here is covered by the Commission or reachable through GamStop
  • 40x bites twice, once on the bonus and again on what the spins win
  • A batch of spins dies a day after it lands, and no stake ceiling is given
Crown Jewelz scored 0 of 9: the offer, the terms, the licence and our view

The opening match really is the largest in the book, and it is also the dearest to work off: £20 at 200% is a £40 bonus, 40x makes that £1,600 of slot stakes, and roughly £64 of it is the expected cost on a 96% game. Set against that, three of the terms you most want in front of you are simply absent, namely how long you have, how much you may stake while a bonus runs and how much that bonus is allowed to win, and the 40x figure itself comes from third-party write-ups rather than from the operator. The Curaçao number printed on the site does not line up with any regulator entry we could find, nothing is published about who owns it, and with no Commission licence a stalled withdrawal has nowhere British to go.

The offer, stage by stage

A 200% opening match, capped at £1,000, with 50 cash spins, and then 150% twice over with 50 more spins each time Money in first

  • Deposit one is matched at 200%, deposits two and three at 150%, and no single match goes past £1,000.
  • All three stages carry 50 cash spins.
  • £20 is the floor for a qualifying deposit.

The terms that matter

Playthrough
40x bonus (reported)
Win limit
Not published
How long you have
Not published
Stake ceiling
Not published
What counts
Slots
Checks
Documents before first withdrawal
Pay in from
£20
Turnover to clear
£1,600 of slot stakes at the £20 floor
Cashier in full
Visa, Mastercard, Apple Pay, Neteller, Trustly, bank transfer, Tether

18+ only. Great Britain is not where this one is licensed. A qualifying deposit starts at £20. Third-party write-ups put the wagering at 40x of the bonus; nowhere on the operator's own pages is a stake ceiling, an expiry or a winnings cap published. The operator publishes the terms in full and those are the ones that bind you.

Who licenses it

The licence for this one is held in Curaçao (number not verified). There is no Gambling Commission licence behind it, which means GamStop cannot shut the door for you, the British 10x cap on wagering does not bind it, and a dispute has no domestic route out. Nobody is named on the site as running it. Details last looked at on 12 October 2026.

In its favour

  • 200% on the opening deposit is the largest single match here
  • Fifty cash spins ride along with each of the three stages
  • Apple Pay, Trustly and Neteller sit in the cashier beside a bank transfer

Things to watch

  • No Commission licence and no GamStop connection behind it
  • Expiry, stake ceiling and win ceiling are nowhere on its own pages
  • Its Curaçao number does not line up with any regulator listing

How the score is worked out. Each casino is marked out of 9 on the terms its own operator publishes, and the table is ordered on the total: what it asks of you is worth up to 3, the win cap up to 2, a published stake ceiling 1, the time to clear up to 2, and a published licence reference 1. A term the operator does not publish, or one only reported elsewhere, scores nothing, which is the honest reading of a missing term rather than a penalty. The marks read published terms on the date shown and nothing else: no play here is involved, and the operator's own terms are the ones that bind you. Every entry on this board is a casino welcome package rather than a bingo room.

A bonus has a face value and a price, and only the face value goes on the banner. The price is the play-through: every pound you are told to stake before the money can leave hands a slice of itself to the game, and the size of that slice is the whole argument. Put every offer through the same sum and the comparisons stop being arguments about banners and start being arithmetic. This page sits under our casino sites hub, which covers the rest of what separates one site from another.

Two things about packages of that sort. No such casino appears on the Gambling Commission’s register and none is wired into Gamstop Online, the licences coming from Curaçao, from Anjouan and from Costa Rica rather than from anywhere in Britain, so the ceiling that British law puts on wagering does not reach them and nor does the complaints machinery. And the terms tell you the paperwork arrives before a first cash-out, which is worth dealing with on day one whatever you make of the offer itself.

Everything priced below uses the same two inputs: the face value of the offer, and the share of each staked pound the game keeps. Simulated results come from fresh runs of this site’s own model slots, which copy no real game.

Judging an offer on value: the short version

  • Price it per pound, never per banner. On our “House” model slot each multiple of play-through costs 3.9p of every pound of bonus, so a match at the British ceiling of 10x gives back 61p in the pound and one at 40x leaves you 56p down on each pound you were offered.
  • The break-even sits at 25.6x. Below that a bonus adds something; above it the stakes it demands cost more than the money it hands over. A package at the offshore end sits above the line, at 35x or 40x.
  • Inside a package, the spins are often the half worth having. Where the winnings from a batch arrive without a requirement attached, 500 spins at 10p are worth £48.05. Put 40x on the same winnings and the formula turns them into −£26.91.
  • Nothing beats money with no strings. Cashback paid as cash keeps every penny, wager-free spins keep 96.1p in the pound on our model, and a match at 10x keeps 61p. That is the whole order of merit.
  • Take a big multiple only for play you were going to have anyway. A requirement you were always going to stake costs you nothing extra; one you take on to clear a bonus is a bill, and at 40x it is a bill bigger than the bonus.

The rule to keep: compare offers on what a pound of each is left worth after its own terms, and treat anything above 25x as a charge for extra play rather than a gift.

Pricing the offer in front of you, call by call

Six calls and you have a number you can set against any other offer. It takes about two minutes once you know where to look.

  1. Find the face value, not the percentage. The percentage only tells you how the bonus is built from your payment. A 200% match on £20 and a 100% match on £40 both credit £40 of bonus, and £40 is the number that goes into the sum. Headlines that say up to something large are describing their own ceiling, not your bonus.
  2. Find the multiple. It is in the headline first and in the full terms second, and at a casino licensed in Britain it cannot be more than 10. Offshore it runs between 35x and 40x, with 35x at the gentlest end of the market and 40x the figure you meet more often.
  3. Find out what the multiple counts. This single clause can double the price. A requirement worded against the bonus alone asks for the multiple times the bonus; one worded against your deposit and the bonus together asks for the multiple times both added up, which on a £50 payment with £75 of bonus is £1,250 of stakes instead of £750.
  4. Find the return of the game you will actually clear it on. Every pound you stake costs you one minus that return. Our “House” model gives back 96.1%, so a pound costs 3.9p. A game at 96.71% costs 3.29p and one at 87.25% costs 12.75p, which is enough to turn a decent offer into a bad one on its own.
  5. Do the sum. Multiply the multiple by the cost per pound, subtract that from one, and multiply by the face value. That is what the offer is worth if you stake every pound the terms ask for.
  6. Then read the six clauses below. Weighting, the maximum bet, the expiry, any ceiling on what the bonus may become, the smallest payout and whether your own money is held in play alongside the bonus. None of them appears in the sum, and all of them move the answer.

£75 × (1 − 10 × 0.039) = £45.75 · £75 × (1 − 40 × 0.039) = −£42.00

The line drawn on 19 January 2026, and what it moved

Everything on this page divides into before and after a single date. From 19 January 2026 no casino licensed in Great Britain may ask a player to stake more than ten times a bonus before that bonus or its winnings can be taken out. Before the ceiling arrived, multiples of 35x to 65x were ordinary in the British market, which meant the average welcome offer was a charge dressed as a present.

Seven bars showing what a pound of bonus is left worth at each wagering multiple, falling from 100p with nothing attached through 61p at the British ceiling of 10x to minus 56p at 40x.
Each multiple takes the same 3.9p out of every pound, so the value falls in a straight line and crosses zero at 25.6x. A package at the offshore end sits on the far side of that crossing.

The arithmetic is as plain as the chart. A bonus with nothing attached keeps all 100p in the pound. At 5x it keeps 80.5p, at the ceiling of 10x it keeps 61p, at 20x it keeps 22p and at 25x it keeps 2.5p. Somewhere just past that, at 25.6x, the stakes demanded cost exactly as much as the bonus is worth and the whole thing nets out to nothing. At 35x you are 36.5p down on each pound offered, and at 40x you are 56p down. On a flat 96% game, the market’s usual shorthand, those figures become 60p at 10x with the crossing exactly at 25x, which is close enough that the choice of game matters less than the choice of multiple.

So a British bonus is worth more today than at any point in the last decade, and the gap between a wagered offer and a wager-free one has narrowed from enormous to merely significant: 100p against 61p rather than 100p against roughly nothing.

The same rule change brought a second clause that gets less attention. A single incentive may no longer span more than one of betting, casino, bingo and lottery, and slots count as casino. The classic bingo welcome that handed over tickets and slot spins in one offer can therefore no longer be a single offer at a licensed site, and operators have answered by running two separate offers that exclude one another. Our guide to bingo sites with free spins works through how the two halves are now wagered separately and which of them carries the value.

Two further details are worth knowing because they decide how much the ceiling really achieves. The cap applies to bingo bonuses exactly as it does to casino ones, so a bingo offer at 4x and a slot offer at 4x are priced the same way. And the Commission decided not to restrict how much different games count towards a requirement, so the ceiling limits the multiple but not the turnover that a weighting can manufacture out of it, which is the subject of the clauses section further down.

Every kind of offer on one ruler

Set every shape of offer side by side, per pound of face value, and the order barely changes from site to site. Spins count per pound of spin stake, so 150 spins at 10p are £15.00 of face value.

Shape of offerKept per £1 of face valueThe arithmetic behind it
Cash with nothing attached, or cashback paid as cash£1.00It is already money; there is no requirement to erode it
Spins whose winnings arrive free of any requirement96.1pThe spins return the model’s own rate as cash, 0.961 per £1 staked
A match at 5x80.5pFive multiples at 3.9p each take 19.5p
A match at 10x, the British ceiling61pTen multiples take 39p, which is the most a wagered bonus can lose here
Spins carrying 10x on their winnings58.6p0.961 multiplied by 0.61
A match at 20x22pTwenty multiples take 78p
A match at 25.6x0pThe crossing point, where the stakes cost exactly the bonus
A match at 35x, the gentlest line offshore−36.5pThirty-five multiples take £1.365 out of each pound
A match at 40x, the usual line offshore−56pForty multiples take £1.56 out of each pound
A free betIts own termsWhether the stake comes back and what price it is used at decide it

Two readings fall out of that table. The first is that per pound of face value, nothing beats money with no strings, and the gap between the top row and a match at the British ceiling is 39p in the pound. The second is that a larger face value at a worse rate can still be the bigger sum in pounds: a match of £75 at 10x is worth £45.75, which beats 150 wager-free spins at 10p worth £14.41, because £75 of face value is five times £15.00 of it. Rate and size are different questions and both have to be asked.

Where a no-deposit offer exists at all in Britain, it is usually small: five to twenty spins at 10p, occasionally fifty, which is between 48p and £1.92 of expected winnings on our model before any requirement is applied. Nothing at the offshore end carries anything without a payment, and our guide to no-deposit offers covers where the British ones come from. For the wager-free end of the scale, our guide to 50 no-wager spins simulates what a batch with nothing attached actually pays.

Where a package’s value actually sits

Take a £50 first payment, which is comfortably above the £20 or €20 minimum an offshore cashier sets, and price both halves of a package on it. The match half is £75 of bonus, which is what a 150% opening match on £50 credits. The spin half is a batch of either 150 or 500 spins at the 10p value British offers almost always use, with the winnings either free of any requirement or carrying the package’s own multiple.

Seven diverging bars pricing both halves of a welcome package, from a free 500-spin batch worth forty eight pounds down to a match at 40x worth minus forty two pounds.
Only three of these seven rows are worth anything, and two of them are spin batches. Where a card frees its spin winnings from the requirement, that half of the package carries the value.

The match half is straightforward. At the British ceiling of 10x, £75 of bonus is worth £45.75. At the 35x found at the gentlest end, the same £75 is worth −£27.38. At the 40x set more often, it is worth −£42.00. Nothing about the size of the match changes that ordering, because the percentage only scales the face value while the multiple sets the rate.

The spin half splits in two depending on one clause. A batch of 150 spins at 10p is worth £14.41 when the winnings land without a requirement and −£8.07 when 40x is applied to them. A batch of 500 at the same value is worth £48.05 free and −£26.91 wagered. Offshore, in places a package frees its spin winnings from any requirement and elsewhere calls its spins cash spins, while elsewhere again the package multiple applies to the spin winnings as well as to the bonus. That single line in the terms is worth more than the difference between a 150-spin package and a 500-spin one.

Which gives the practical reading of such a package. If a package’s spins come without a requirement, its spin half is the part worth collecting and the match half is a charge for extra play. If they do not, the package is a long evening with a negative price tag on both halves, and the honest advice is to take it only if the play itself is what you came for.

What a £50 payment did under three different matches

The sum above assumes every pound of the requirement gets staked. Real balances run out, so here is what actually happened across simulated sessions on the same model slot.

Each session begins with a £50 payment and a 150% match of £75, holds the two as one balance, stakes a flat 25p and runs until either the requirement is met or there is too little left to cover the next spin. A fourth row takes the £50 with no bonus at all and gives it the same 3,000 spins that a 10x requirement demands, so the comparison is like for like on the amount of play.

£50 paid in, 25p a spin, “House” modelStakes demandedSpinsValue of the bonus if played outFinished the requirementEnded on £50 or more
No bonus, the same 3,000 spins of playNone3,000Nothing to valueNothing to finish17.2%
£75 of match at 10x, the British ceiling£7503,000£45.7563.2%49.7%
£75 of match at 35x£2,62510,500−£27.3823.1%21.4%
£75 of match at 40x£3,00012,000−£42.0020.8%19.3%

The 10x row ran 100,000 simulated sessions and the 35x and 40x rows 20,000 each. Read the last column first, because it answers the only question most people are really asking. With no bonus and 3,000 spins of play, 17.2% of sessions ended on £50 or more. A match at the British ceiling lifted that to 49.7%, close to tripling it. The multiples in use offshore lifted it to 21.4% and 19.3%, which is barely different from no bonus at all, and they did it after three and a half to four times as much play.

The middle result tells the other half of the story. At every multiple it was £0.00, because a balance that holds your own money in play alongside the bonus usually empties before the target is reached. The averages say something different again: £98.57 at 10x, £71.98 at 35x and £69.53 at 40x, all of them well above the formula value, because the quarter or so of sessions that survive carry the rest. Against that, the £50 with no bonus averaged £35.75 with a middle result of 17p.

Put in minutes, the 40x row asks for 12,000 spins, which at the 2.5-second minimum a British-licensed slot has to leave between spins is 8 hours 20 minutes of unbroken play. The 10x row asks for 3,000 spins, or 2 hours 5 minutes. Our guide to same-session payouts follows that clock through to the cashier.

Price your own before you claim it. The calculator opens on a £50 payment with a 150% match at 40x on a 96.1% game, which is the bottom row; type 10 into the multiple to see the same offer under British rules, or switch the base to deposit and bonus together to see what that wording costs.

The spin half, batch by batch

Because such a package releases between 150 and 500 spins, the spin half deserves its own test rather than a line in a table. Each run below is a batch of spins at 10p on the “House” model, with 250,000 simulated batches where the winnings are free of any requirement and 20,000 where a 40x multiple is applied to them.

A batch at 10p on the “House” modelValue from the sumAverageMiddle batchReached £20Reached £50
150 spins, winnings free of any requirement£14.41£14.38£11.6412.3%1.6%
500 spins, winnings free of any requirement£48.05£47.93£42.2299.9%29.1%
150 spins, 40x applied to the winnings−£8.07£8.17£0.007.1%5.3%
500 spins, 40x applied to the winnings−£26.91£21.39£0.0012.2%10.9%

Where nothing is attached, the spins behave almost exactly as the sum predicts, because there is no mechanism to lose the money. A free batch of 150 averaged £14.38 against a formula value of £14.41, and the middle batch came to £11.64. A free batch of 500 averaged £47.93 with a middle batch of £42.22, and 99.9% of them cleared £20, which matters because a payout floor of £10 to £20 is common.

Where 40x is attached, the shape of the result changes completely. Only 8.3% of the 150-spin batches finished the requirement and 12.7% of the 500-spin ones, so 91.7% and 87.3% respectively ended with nothing at all. The middle result in both cases is £0.00. The averages of £8.17 and £21.39 are real but they describe roughly one batch in ten; the other nine are the common experience, and the average is carried entirely by the few that ran.

So the rule for reading a package’s spin terms is short. Find the line that says whether the winnings carry a requirement. If they do not, the spin half is money and you can treat the batch count as the headline it pretends to be. If they do, multiply the count by the spin value, run it through the same sum, and expect nine times out of ten to end with nothing from it.

Price a batch yourself. The calculator starts on 500 spins at 10p with 40x on the winnings, the harshest shape in this part of the market; set the multiple to 0 to see the same batch as cash.

The one piece this sum cannot price

Somewhere out here a package adds a free bet of €650 on top of its matches and spins, and the sum used everywhere else on this page cannot touch it, because a free bet is not bonus funds and does not get played through. It gets staked once.

What decides its worth is a clause most people skip: whether the stake comes back with a winning return. Where it does, a free bet is worth nearly its face value. Where it does not, which is the usual arrangement, a winning bet pays the profit only, so the value depends on the price it is used at.

Value = chance of winning × (price − 1) × stake

Assume for a moment that the price is a fair reflection of the chance, so a 2.00 shot comes in half the time. The chance cancels most of the price out and what is left is a tidy rule: the value is the face value multiplied by one minus the reciprocal of the price. At 2.00 that is half the face value. At 3.00 it is two thirds. At 5.00 it is 80%, and at 11.00 it is 90.9%.

At 2.00: €650 × (1 − 1 ÷ 2.00) = €325.00 · At 5.00: €650 × (1 − 1 ÷ 5.00) = €520.00

Three things pull that back down in practice. A real price carries the book’s margin, so the chance is a little worse than the price implies. Free bets usually come with a minimum price, a maximum stake and a release schedule, none of which the headline publishes, so the terms are where to look before counting on any of it. And a free bet is only worth anything to somebody who was going to place a bet, which is not the same person as the one who came for the slots.

The short version: a free bet with the stake returned is close to cash, a free bet without it is roughly half its face value at even money and better at longer prices, and either way it is a different animal from a match and should be valued separately rather than added to the headline.

Six clauses that move the answer after the multiple

The multiple does most of the work, and then six smaller lines finish the job. All of them sit in the full terms rather than on the banner.

What the multiple counts. A requirement written against the bonus alone is the cheap version. Written against your deposit and the bonus together, the same 10x on a £50 payment with £75 of bonus asks for £1,250 of stakes rather than £750, which costs £48.75 of expected loss instead of £29.25 and leaves the whole £125 balance worth £76.25 instead of £95.75. The wording is usually one word long and it is the single most expensive word in the terms.

10 × (£50 + £75) = £1,250 of stakes · £1,250 × 0.039 = £48.75

Game weighting. A common scheme counts slots in full, table games at 10% to 20% and live tables at 10%. Because the Commission chose not to touch weighting when it capped the multiple, this is where a capped requirement can still turn into a very large amount of turnover. Clear that same £750 on roulette counted at 10% and you are staking £7,500 at the wheel, which at the 2.70% the single-zero rules give the house costs £202.50 and turns £75 of bonus into −£127.50. Unless a bonus counts table games close to in full, slots are the cheap way to clear it.

The maximum bet while a bonus is live. Somewhere the figure is €5 and in other places none is published at all, which is itself worth noticing. At a British-licensed site the legal stake ceiling of £5 a spin from age 25, and £2 between 18 and 24, usually makes the clause irrelevant. Where it bites, it bites hard, because breaching it is one of the standard grounds for voiding a bonus and everything won with it.

The expiry. Bonus funds usually run for anything from a few days to 30, and spins often expire inside 24 hours to seven days. Put that next to the play a big multiple demands and the arithmetic gets uncomfortable: 12,000 spins inside a week is 1,714 spins a day, every day, which is not a plan so much as a job.

A ceiling on what the bonus may become. Where a package caps what bonus funds can turn into, the cap removes the rare large result that holds the average up, and no payout speed or clever game choice gets it back. Caps in the region of £20 to £100 are common on small offers. An offshore offer carries its full terms, and this is the line to find in them.

The smallest payout. Floors of £10 to £20 are usual, and they matter least for a match, which usually leaves more than that if it clears at all, and most for a small spin batch. A middle batch of 150 free spins at 10p comes to £11.64 on our model, which clears a £10 floor and misses a £20 one.

Our deposit offers hub takes the same six clauses through each welcome shape in turn, and the 300% match guide shows what they do to a package built across several payments.

Where British brands sit on the same ruler

Operators on the British side of this market all hold a Gambling Commission licence, which puts all of them on the same side of the 19 January 2026 line and inside the same ceiling of 10x. What separates them is where they choose to sit underneath it.

At the top of the ruler are the two names built around the idea of removing the requirement altogether. PlayOJO, run by SkillOnNet, and MrQ, from Lindar Media, attach no wagering to anything they hand out, so what an offer wins is cash and the full 100p in the pound survives. The trade-off is size rather than quality: a wager-free offer tends to come in smaller numbers than a wagered one, and the table above explains why a bigger face value at 61p can still be worth more in pounds.

Then there is the large middle of the market, where a welcome is a match on a payment and the only real question is the face value. bet365, privately held in Stoke-on-Trent and the company behind Heart Bingo, builds its casino welcomes around a deposit as a rule and is a sportsbook before it is a casino; its largest settlement on the public record is £582,120 from 2024. Betway sells sport and casino under one name on the same deposit-first pattern and carries £11.6m from 2020. Within Flutter Entertainment, the sportsbook-led Paddy Power, Betfair and Sky Bet tie casino welcomes to a first payment or stake, while Sky Vegas is the group’s casino-first brand and the name usually attached to spins that need no payment at all.

Group structure decides how many welcomes you get, which is a value question rather than a trivia question. Entain runs Ladbrokes, Coral, Gala Casino, Gala Bingo, Foxy Bingo, PartyCasino, bwin, Sportingbet and Party Poker on shared accounts, so claiming at one of them generally closes the others, and the group’s heaviest settlement is £17m from 2022. evoke, the group that used to trade as 888, holds William Hill, which arrived in 2022, alongside 888 Casino, online since 1997 and an advertiser of no-payment spins for a decade, plus 777 Casino and 888sport, carrying £19.2m from 2023 and £9.4m from 2022. Kindred, now inside FDJ United, pairs the casino-first 32Red with the sportsbook-led Unibet and carries £7.1m from 2023. A welcome is usually one per person, one per household and often one per group, so the sensible move is to spend it where the terms are kindest rather than where the banner is biggest.

Two groups are worth naming for the shape of their offers rather than their size. The Gamesys platform, owned by Bally’s, runs Virgin Games, Jackpotjoy, Monopoly Casino, Rainbow Riches Casino and Double Bubble Bingo, where welcomes have typically taken the form of paying in £10 and playing with more, followed by a steady trickle of small promotions for regulars, each of which carries its own clock. And Jumpman Gaming’s Amazon Slots greets a first payment with a single turn of a prize wheel, which means the figure on the banner is the luckiest result rather than the usual one, a distinction the sum on this page cannot repair.

Mobile-first LeoVegas, owned by MGM Resorts, carries Bet UK, Pink Casino and BetMGM, whose British site opened in 2023 on LeoVegas’s own licence and platform. Betfred, Grosvenor Casinos, Genting Casino and Admiral Casino trade from premises you can walk into as well as online, which makes them the simplest brands to confirm and the least likely to vanish mid-promotion. For anything else, Casumo, Videoslots, Mr Vegas, NetBet, Sun Bingo, Fabulous Bingo and Slingo included, the company holding the licence and its Commission account number sit at the foot of the site and can be checked against the public register in about a minute. That check is worth more than any bonus comparison, because it decides who answers if the offer is not honoured.

Why the biggest headlines come from outside the licence

The ceiling of 10x binds Commission licensees and nobody else, which is the entire reason the largest numbers in this market come from casinos licensed somewhere other than Britain. A multiple of 30x to 60x is ordinary offshore, and a welcome package there sits inside that range at 35x and 40x.

Run the sum on the sort of headline that appears further out and the problem is obvious. A £200 bonus at 35x is worth −£97.00 on our model, because the £7,000 of stakes it demands costs £273.00. A £500 bonus at 40x is worth −£280.00. A £1,000 bonus at 50x is worth −£950.00, which is to say the play-through is expected to consume the bonus and most of a comparable deposit alongside it. Bigger headline, bigger bill.

£200 × 35 = £7,000 of stakes · £7,000 × 0.039 = £273.00 · £200 − £273.00 = −£97.00

What a player gives up for those numbers is not only arithmetic. There is no ceiling on the multiple, no prompt to set a payment limit, no identity check before play rather than before a payout, no stake limit of £5 or £2 a spin, no minimum of 2.5 seconds between spins, no ban on a cancel button beside a pending withdrawal, no eight-week deadline on a complaint and no independent adjudicator at the end of it. Gamstop does not reach any of them.

The wider market they belong to repeats the pattern. Mystake, Goldenbet, Rolletto, Donbet and Velobet are five brands over one Curaçao company, Santeda International B.V., none on the British register, none inside Gamstop, all taking cryptocurrency, with no cap on their wagering and complaints the Commission cannot pursue. Kinghills and NineWin arrived recently from Curaçao-registered firms running networks of sister sites and have no public track record between them. Rainbet holds an Anjouan licence through RBGAMING N.V. and was designed around coins. Roobet and Gamdom hold Curaçao licences and began life in the trade in game skins; a British player putting coins into either has no regulator to turn to, nobody playing the part of an ombudsman and no bank able to reverse the payment. Our section on sites outside GamStop reviews each of them.

Keeping an offer from deciding how you play

An offer is only worth what it is worth to the way you were already going to play. A requirement you were always going to stake costs nothing extra, which is why a match at the British ceiling is genuinely good news for a regular. The same match is a reason to stake more than you meant to for somebody who was not, and that is where the value turns negative in a way the sum does not show.

Three things keep it in proportion. Set the payment limit when the site asks, which every licensed operator has had to do before a first payment since 31 October 2025, and remember that bonus money sits on top of it: a £50 limit with a 150% match still puts £125 into play. Decide the stake before the balance arrives rather than after, because a bigger balance quietly invites a bigger stake and the requirement is counted in pounds, not in spins. And treat the clock as part of the price, since the 40x row above is 8 hours 20 minutes of play at the legal minimum speed, and time is the one thing the sum never gives back.

After the welcome, the ongoing offers matter more than most people expect, because they repeat. A 50% reload on a £50 payment is £25 of bonus, worth £15.25 at 10x on our model, and taken monthly for a year that is £183.00 against a single welcome. Cashback paid as cash is better value per pound than anything wagered: 10% back on a 96.1% game trims the effective edge from 3.9% to 3.51%, so £750 of play costs £26.33 instead of £29.25. A loyalty scheme returning 0.3% of stakes as cash hands back £3.00 for every £1,000 staked, while the same 0.3% paid as bonus funds at 10x hands back £1.83.

And if offers have started deciding when you play rather than the other way round, the tools are free and immediate. A time-out shuts an account for anything from 24 hours to six weeks. One registration with Gamstop covers every online operator licensed in Britain, a scheme they have all had to belong to since 31 March 2020. The National Gambling Helpline answers free and in confidence on 0808 8020 133 at any hour, and our play safe page gathers the rest in one place.

Where the figures on this page come from

Every value here comes from one sum: the face value multiplied by one minus the multiple times the share of each staked pound the game keeps. The face value of a match is the bonus alone, never the player’s own payment; the face value of a spin batch is the count multiplied by the spin value, and its expected winnings are that face value multiplied by the game’s return. Unless a line says otherwise the game is this site’s “House” model slot, medium volatility with a return of 96.1%, something paid on 26.9% of spins and a ceiling of 2,500 times the stake on any win. It imitates no real game. That return makes each multiple cost 3.9p per pound of bonus and puts the crossing point at 25.6x; the flat 96% used as market shorthand gives 4p and a crossing at exactly 25x, and both figures appear where they are relevant.

The session table is simulated. Each session starts with a £50 payment and £75 of match held as one balance, stakes a flat 25p and stops when either the requirement is satisfied or the balance cannot cover another spin: 100,000 sessions at 10x and 20,000 each at 35x and 40x. The no-bonus row is 100,000 sessions of a £50 balance given the same 3,000 spins at the same stake. Reported figures are the share finishing the requirement, the share closing at £50 or more, the mean and the median.

The spin batches are 250,000 simulated batches where the winnings carry nothing and 20,000 where a 40x multiple is applied to them, all at 10p on the same model, reported as the mean, the median and the share reaching each threshold. Spin counts, stake sizes and the 10p spin value follow what British offers typically use. Durations count every spin at the 2.5-second minimum the design rules set, so 12,000 spins is 8 hours 20 minutes and 3,000 spins is 2 hours 5 minutes.

The free-bet arithmetic is shown on the page and assumes a price that fairly reflects the chance, which a real price does not quite do. Roulette’s 2.70% comes from the single-zero rules. Rules, dates and penalties are taken from what the Gambling Commission publishes, including the wagering ceiling and the product-mixing clause that both took effect on 19 January 2026, the stake limits, the design rules and the published enforcement decisions. Brand facts are limited to ownership, offer structures and settlements on the record; nothing here says a named brand is running a particular promotion in October 2026. Package shapes are described as the published terms stood at the October 2026 check.

Questions people ask before claiming

Which sort of offshore offer is worth taking?

Take the one whose spin terms free the winnings from the requirement, and treat its match half as a charge for extra play rather than as value. Offshore packages sit between 35x and 40x, which on our “House” model means a match is worth −36.5p or −56p for every pound of bonus. Against that, 500 spins at 10p with nothing attached to the winnings are worth £48.05, and 150 are worth £14.41. If what you want is the best rate rather than the biggest number, a casino licensed in Britain cannot ask for more than 10x, which leaves 61p in the pound.

What does one pound of bonus actually hand back?

On our “House” model slot each multiple of play-through costs 3.9p, so a pound of bonus hands back 80.5p at 5x, 61p at 10x, 22p at 20x, −36.5p at 35x and −56p at 40x. Cash with nothing attached keeps the whole pound and spins whose winnings arrive free of any requirement keep 96.1p. On the flat 96% the market usually quotes, the same pound keeps 60p at 10x.

Where exactly does a bonus stop being worth anything?

At 25.6x on our model, where the stakes demanded cost exactly as much as the bonus hands over. On a flat 96% game the crossing sits at precisely 25x. Below the crossing an offer adds something; above it the requirement costs more than the money, so the offer is really a charge for extra play. A package at the offshore end sits beyond the crossing.

Is the spin half of a package worth more than the match half?

It can be, and the deciding line is whether the spin winnings carry the requirement. Free of it, 500 spins at 10p are worth £48.05 and 150 are worth £14.41. With 40x applied, the same batches are worth −£26.91 and −£8.07, and in our simulated batches 87.3% and 91.7% of them ended with nothing at all. A £75 match at the British ceiling is worth £45.75, which beats a free 150-spin batch comfortably, so the answer depends on both the rate and the size.

What changed for bonuses in January 2026?

From 19 January 2026 a casino licensed in Great Britain cannot ask for more than ten times the bonus before it or its winnings become withdrawable, where multiples of 35x to 65x had been ordinary before. The same change stopped a single incentive spanning more than one of betting, casino, bingo and lottery, with slots counting as casino, so the old combined bingo and spins welcome is now run as two separate offers. The ceiling also applies to bingo bonuses, and weighting was deliberately left alone.

What is a free bet worth next to a match?

Less than its face value, usually about half of it. A free bet whose stake does not come back pays only the profit, so on a price that fairly reflects the chance it is worth the face value multiplied by one minus the reciprocal of the price: half at 2.00, two thirds at 3.00, 80% at 5.00. A €650 free bet used at even money is therefore worth about €325.00, and at 5.00 about €520.00, before the book’s margin. Minimum prices and release schedules sit in the terms rather than in the headline.

Does it matter whether the multiple counts my deposit as well?

It roughly doubles the price on a match of this shape. A 10x requirement against £75 of bonus alone asks for £750 of stakes, costing £29.25 of expected loss. The same 10x against a £50 payment and £75 of bonus together asks for £1,250, costing £48.75, and leaves the £125 balance worth £76.25 rather than £95.75. One word in the terms separates the two.

How long does a 40x requirement take to play out?

Longer than most people picture. A £75 bonus at 40x asks for £3,000 of stakes, which at 25p is 12,000 spins, and British design rules hold a slot to no faster than one spin every 2.5 seconds, so the floor is 8 hours 20 minutes of unbroken play. The same bonus at the British ceiling of 10x asks for 3,000 spins and 2 hours 5 minutes. In our simulations only 20.8% of sessions reached the end of the 40x requirement at all.

Can I take the welcome at two brands owned by the same company?

Usually not. Groups run several brands behind shared accounts, so one welcome tends to count for the whole family: Entain’s Ladbrokes, Coral, Gala Casino, Gala Bingo, Foxy Bingo and PartyCasino are the clearest case, and evoke, Flutter and LeoVegas all operate multiple brands too. A welcome is normally limited to one per person, one per household and often one per group. The practical consequence is that your single claim is worth spending where the terms are best rather than where the banner is loudest.

What is cashback or a loyalty scheme worth per pound staked?

More than it looks, because it repeats. Cashback paid as cash loses nothing to a requirement: 10% back on our 96.1% model trims the effective edge from 3.9% to 3.51%, so £750 of play costs £26.33 instead of £29.25. A loyalty scheme returning 0.3% of stakes as cash hands back £3.00 for every £1,000 staked, while the same 0.3% as bonus funds at 10x hands back £1.83. A 50% reload on £50 is worth £15.25 at 10x, and monthly for a year that is £183.00.

Next on your sheet

18+. Offers change; always read the operator’s terms. Casinos of this kind hold licences issued outside Great Britain, do not appear on the Gambling Commission’s register and are not connected to Gamstop, so British protections and complaint routes do not reach them. Free help and self-exclusion tools: GambleAware.

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