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BONUSES · SIX OFFERS, COMPARED · VERIFIED 2026-05-11

Every welcome bonus,
with the math.

Headline numbers lie. A "$10,000 bonus" at 40x slots-only wagering with a $5,000 max-cashout cap is worth a fraction of its sticker price once the math runs. The bureau pulls every welcome offer's wagering, max bet, validity, max cashout, and min deposit into one comparable view. Filter by wagering tier, sort by what matters, click through for the full review.

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#1
Oshi Casino

Oshi Casino

Anjouan / Comoros AOFA

Welcome Bonus

100% up to 1,111 EUR/$ + 150 FS (region-dependent up to $4,000 / 200 FS)

Wagering

45x

Max Bet

C$5 / A$7.50 during wagering

Validity

7 days

Max Cashout

no cap

Min Deposit

$20 (per stage to unlock 100%)

Visit Oshi Casino Review
#2
Winz.io

Winz.io

Estonia EMTA

Welcome Bonus

Wheel of Winz up to $5,000 + spins (0x wagering)

Wagering

0x — wager-free

Max Bet

—

Validity

7 days

Max Cashout

no cap

Min Deposit

$20

Visit Winz.io Review
#3
LevelUp Casino

LevelUp Casino

Estonia EMTA

Welcome Bonus

Up to $8,000 + 200 FS across 4 deposits (14-day validity)

Wagering

35x

Max Bet

—

Validity

14 days

Max Cashout

no cap

Min Deposit

10 EUR/$ (100 EUR for bank transfer)

Visit LevelUp Casino Review
#4
mBit Casino

mBit Casino

Curacao Gaming Authority (CGA)

Welcome Bonus

Up to ~4 BTC + 325 free spins across first 3 deposits

code: VIPBIT (boost)

Wagering

40x

Max Bet

$5 during wagering

Validity

7 days

Max Cashout

no cap

Min Deposit

$30 (to activate bonus)

Visit mBit Casino Review
#5
Lucky Dreams

Lucky Dreams

Curacao Gaming Authority (CGA)

Welcome Bonus

Up to 10,000 EUR/$ + 500 FS across 4 deposits

Wagering

40x

Max Bet

5 EUR/$ during wagering

Validity

7 days

Max Cashout

$5,000 from bonus funds; $300 from free spins

Min Deposit

20 EUR/$

Visit Lucky Dreams Review
#6
Just Casino

Just Casino

Curacao Gaming Authority (CGA)

Welcome Bonus

Up to $5,000 + 400 FS across 5 deposits

Wagering

40x

Max Bet

$5 during wagering

Validity

—

Max Cashout

no cap

Min Deposit

$20

Visit Just Casino Review

HOW TO READ A WELCOME BONUS

The four numbers that actually matter

The headline of a welcome bonus — the "100% match up to $1,000" line on the casino's landing page — is the operator's marketing message. It tells you almost nothing about what the offer is actually worth. The cleared-out expected value of a bonus comes from four numbers buried in the terms and conditions, and once you know how to read them, every welcome offer in the segment becomes directly comparable.

  1. Wagering requirement. Almost always expressed as a multiplier on the bonus amount (or sometimes on deposit + bonus). 40x is the segment standard for crypto-friendly casinos. A $1,000 bonus at 40x means you need to wager $40,000 of qualifying slot turnover before you can withdraw any winnings derived from the bonus. Above 40x is punishing; 30x or below is unusually generous; 0x means the bonus credit is real cash with no rollover at all.
  2. Max bet during wagering. $5 is the industry default. Any single spin or hand over that limit while bonus is active typically voids the bonus and any winnings derived from it. This is the clause that catches more players than any other — it's why the bureau warns about bonus-buy mechanics on certain Pragmatic Play and Nolimit City titles, which can trip the max-bet rule even when the displayed bet is below the cap.
  3. Validity window. 7 days is segment-standard; 14 days is generous; 21+ days is rare. The validity window forces the player to clear the wagering at a sustainable pace, or forfeit. A 14-day window at 40x is roughly twice as clearable in expected value as a 7-day window at the same wagering — you can spread the turnover over twice as many sessions, which reduces the variance of clearing the rollover.
  4. Max cashout cap. This is the single largest hidden constraint in welcome offers. A $10,000 headline bonus with a $5,000 max cashout cap means that no matter how much you win during the wagering clearance, the operator only commits to paying out $5,000 of it — the rest is reclaimed at the cap. Some operators (Oshi, mBit) have no max cashout cap on welcome bonuses; others (Lucky Dreams) cap at 50% of the headline number.

Take the four numbers together and you can ballpark the cleared-out expected value of any welcome offer at roughly 20-35% of the headline at a 40x slots-only structure, climbing to 50-80% at wager-free or low-wager structures with no cashout cap. The bureau's table above lays out all four numbers per brand so you can do the math without digging through five pages of T&Cs.

BONUS TERMS GLOSSARY

Vocabulary every depositor should know

Wagering / Rollover / Playthrough
Same concept, three names. The amount of turnover a player must wager before bonus-derived winnings can be withdrawn. Always expressed as a multiplier (e.g. 40x) on bonus, or sometimes on deposit + bonus. Industry standard is 35-45x.
Bonus contribution
Different game categories contribute different percentages to wagering. Slots usually contribute 100%; table games 10-20%; live dealer 0-10%; certain "excluded titles" contribute 0%. The fine print determines whether your favorite game even counts toward clearing the rollover.
Max bet during wagering
The maximum allowed bet per spin or per hand while bonus is active. Industry standard $5. Exceeding it voids the bonus and any winnings from bonus play.
Max cashout
The ceiling on what a player can withdraw from bonus-derived winnings, irrespective of how much was won. A $5,000 cap on a $10,000 bonus means $5,000 is the realistic upside.
Min deposit
The smallest qualifying deposit that unlocks the bonus. Usually $20 across the segment; sometimes higher for crypto chains.
Validity / Bonus expiry
How long after claiming the bonus you have to clear the wagering. 7 days is standard; 14 days is generous. Unspent bonus and any unwithdrawn winnings forfeit at expiry.
Free spins
A set number of slot spins at a fixed bet value (usually $0.10-$0.20 per spin), usually on a specific title. FS winnings have their own wagering window, typically 1-3 days at 30-45x.
Sticky vs non-sticky bonus
Sticky bonuses can't be withdrawn even after clearing wagering — only the winnings come out. Non-sticky means both the bonus amount and the winnings are withdrawable. Almost all welcome bonuses in the bureau set are sticky.
No-deposit bonus
A small bonus credit (usually $5-$25) given without requiring a deposit. Typically carries heavier wagering (50-70x) and tight max cashout caps. Used by operators for acquisition; rare among the bureau's six brands.
Cashback
A rebate on net losses paid as bonus credit or as wager-free real cash. Wager-free cashback is materially more valuable than rollover-attached cashback.
Reload bonus
A match bonus on subsequent (post-welcome) deposits. Usually smaller percentage (20-50%) and lower caps than welcome, often weekly or on specific days.
Wager-free
Bonus credit that lands in real-money balance with zero rollover. Genuinely rare in the segment; Winz.io is the bureau's only fully wager-free welcome operator.

RED FLAGS IN BONUS T&Cs

Clauses that signal a punishing offer

Three categories of clauses tell you when a bonus is structured to claw back value the headline number promises:

Watch for

  • Wagering above 45x. Above this threshold the cleared-out expected value of the offer drops below 15% of headline. Avoid unless the offer is structurally compensating (no cashout cap, very long validity).
  • Validity under 5 days. Forces high-variance play to clear the rollover. Acceptable only for sophisticated players willing to size up and run hot.
  • Max cashout below 5x bonus. A $1,000 bonus with a $3,000 max cashout cap means even a hot run of $20,000 in winnings pays out $3,000. Asymmetric upside truncation.
  • Martingale or low-risk void clauses. Some operator T&Cs reserve the right to void winnings from "low-risk" betting patterns — doubling on losses, mirror bets, bonus-hunting strategies. Enforcement varies; some operators enforce aggressively.
  • Bonus-buy restrictions. Many T&Cs prohibit purchasing slot bonus rounds (the "buy feature" on Nolimit City, Hacksaw, and certain Pragmatic Play titles) during bonus play. Violating triggers max-bet voidance.
  • Daily win cap below $50k. A net-win cap means even if you win $80,000 in a single 24-hour window, the operator only commits to paying $50,000 through normal cashier flow. High-stakes players should plan around this.

Green flags

  • Wager-free or wagering ≤ 30x. Unusually player-favorable. Treat as the high-value end of the segment.
  • Validity ≥ 14 days. Doubles the runway versus segment standard.
  • No max cashout cap. Bureau holds Oshi and mBit as no-cap operators on welcome; uncommon in segment.
  • Stated bonus contribution ≥ 100% on at least slots. The minimum bar — most operators clear this, but a few don't for live dealer or table games.

RELOAD & ONGOING PROMOTIONS BY BRAND

Beyond welcome — the long-term value

A welcome bonus only fires once. The ongoing reload, cashback, and tournament economy at a casino determines whether the operator returns real value to a regular player month after month. Below: every bureau-listed brand's ongoing promotional structure. Click through for full per-brand detail.

Oshi Casino

RANK #1

Oshi Casino

VIP Club

  • 1 comp point per 40 EUR wagered on slots
  • Weekly cashback (every Wed), max 2,000 EUR cap
  • Some versions: 15% cashback on net losses, no wagering, every Monday

Reload & recurring

  • Tue/Wed/Thu reload: 20% + 30 FS, up to $100, 45x WR

Full VIP breakdown

Winz.io

RANK #2

Winz.io

WinzUp

  • Daily Rakeback up to 10% (wager-free)
  • Weekly Cashback up to 15% (wager-free)
  • Level-Up Rakeback bonus

Reload & recurring

  • VIP code unlocks 20% unlimited cashback (2 Mondays) for $2,500+ deposits

Full VIP breakdown

LevelUp Casino

RANK #3

LevelUp Casino

VIP Loyalty

  • Gold: 5% weekly cashback + birthday gifts + priority support
  • Platinum: improved cashback + dedicated account manager
  • Diamond: best cashback rate + increased withdrawal limits + personal bonuses + VIP events

Reload & recurring

  • 40% reload up to 100 EUR + 20 FS, twice weekly Mon-Thu (min 20 EUR)

Full VIP breakdown

mBit Casino

RANK #4

mBit Casino

Stellar Club

  • Daily moneyback 2-10% (level-dependent, up to 500 USDT)
  • Stellar Wheel free spins Mon-Wed (50-150 FS by level)
  • mBit Races slot tournaments with up to 2 BTC guaranteed prize pools

Reload & recurring

  • Friday-Sunday reload 25-100% up to $500 (40x WR, 24h validity)

Full VIP breakdown

Lucky Dreams

RANK #5

Lucky Dreams

7-Level Loyalty

  • VIP rewards range $/100 EUR to $/15,000 EUR plus free spins by tier

Reload & recurring

  • Monthly reload: code MONTH for 100% up to $500 (min $20)
  • High-roller cashback: 10% for 7 days on first deposit, $1,000 cap on day 8

Full VIP breakdown

Just Casino

RANK #6

Just Casino

VIP Galaxy (invite-only)

  • Higher cashout limits
  • Dedicated account manager
  • VIP events and exclusive tournaments

Reload & recurring

  • Mondays: deposit reloads
  • Tuesdays: 10% cashback + free spins

Full VIP breakdown

DISCLOSURE

Bonus terms reflect each operator's public default offer as of the verified date and may have changed since. Verify all numbers on the operator's site before depositing. Wager Bureau earns a referral fee when readers sign up via the links on this page; the fee does not alter the player's bonus or terms. 18+. Gamble responsibly — treat welcome bonuses as a way to extend an entertainment budget you'd spend anyway, not as a path to income. The math runs against the player over time at every operator, regardless of bonus structure.