Welcome bonuses · 30 tracked · repriced 2026-09-30

Welcome bonuses

A welcome bonus is the offer a casino puts on your first deposit. Match ratio and wagering multiplier vary widely; the EV column below is what actually matters.

Cut through the marketing by sorting on EV rather than headline match. A 25x-wager 100% match beats a 40x-wager 200% match on almost every deposit size. See our welcome bonus deep-dive.

30tracked
1positive EV
29negative EV
# Casino Offer Verdict Wager Cashout Turnover Clearance EV @ €100
01 CorgiBet 8.0 100% up to €200 + 50 Free Spins (low wager) claim 25× 10× €2800 55% +€14
02 ThorFortune 7.7 125% up to €400 + 100 Free Spins neutral 35× 5× €5100 40% −€13
03 BroWinner 8.1 100% up to €500 + 150 Free Spins neutral 35× 5× €4600 40% −€14
04 CryptoLeo 1st deposit: 100% up to €500 + 150 free spins neutral 35× 5× €4600 40% −€14
05 AfkSpin 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
06 Baxterbet 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
07 BetSixty 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
08 Boomzino 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
09 CowboySpin 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
10 Crystalroll 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
11 FridayRoll 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
12 Gambloria 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
13 Goldzino 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
14 LuckyCapone 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
15 MagneticSlots 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
16 PipersSpin 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
17 RingoSpin 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
18 Roulettino 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
19 Royalstiger 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
20 SlotsDJ 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
21 SpinGranny 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
22 SpinMacho 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
23 Spinogambino 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
24 SpinWinera 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
25 TonySpins 1st deposit: 100% up to €500 + 150 free spins skip 40× 5× €5200 34% −€27
26 NineCasino 8.4 100% up to €450 + 200 Free Spins skip 40× 5× €5600 33% −€28
27 GigaSpinz 7.4 100% up to €300 + 300 Free Spins skip 40× 5× €6400 32% −€29
28 Rodeoslot 7.8 150% up to €300 + 50 Free Spins skip 40× 5× €6400 32% −€29
29 BonusKong 7.6 300% up to €1500 across 3 deposits skip 45× (D+B) 10× €9900 7% −€84
30 HappyJokers 7.5 200% up to €1000 + 75 Free Spins skip 50× (D+B) 4× €15800 4% −€90

The wagering multiplier decides the EV, not the match ratio

At 96.5% RTP, every turn of the wagering multiplier costs about 3.5% of turnover in expected loss. A 40× bonus-only wager on a €100 bonus is €140 of expected loss against €100 of bonus value — that is why most welcome offers price negative. Cut the multiplier to 25× and the same offer flips to roughly +€13. The match ratio headline ("100%! 200%!") barely moves this math; the multiplier and its scope do.

B vs D+B — the quiet doubling

Wagering scope is the most under-read clause in the industry. "40× bonus" on a €100 bonus means €4,000 of turnover. "40× deposit + bonus" means €8,000 — double the expected loss for the same headline number. A 30× D+B offer is strictly worse than a 40× B offer. Our table normalises both into the EV column, but read the scope before you deposit anywhere we don't track.

Max bet is where welcome bonuses die

Nearly every voided-winnings dispute traces to one clause: the max bet during wagering (typically €5 per spin). One bet above the cap — even accidental, even on the last €50 of turnover — voids the bonus and everything won from it, retroactively. Set your bet size at session start and never touch it while a bonus is active.

100% vs 200% — why bigger match ratios are usually worse offers

A 200% match sounds like double a 100% offer, and if the wagering held constant it would be. It never holds constant. Operators price 200% matches with 45×-50× multipliers on deposit+bonus scope; the standard 100% match runs at 30×-35× bonus-only. Ran through the same €100 deposit, the 100% at 30×-B carries roughly €105 of expected loss against €100 of bonus value — near break-even. The 200% at 45×-D+B carries €470 of expected loss against €200 of bonus value — a €270 negative expectation. The bigger match funds a bigger loss, not a bigger win. Sort the table by EV; the top rows are rarely the biggest headlines.

Multi-tier welcome packages — sum the parts before you claim

Package offers spread the welcome across two-to-four deposits ("100% up to €500 + 100 free spins on deposit 1, 50% up to €400 on deposit 2, 75% up to €700 on deposit 3"). The headline stacks the caps into one enormous number ("up to €2,000!"). Each tier is priced separately by our engine because each is claimed separately with its own wagering. In practice, tier 1 does most of the work — tiers 2-4 usually price flat-to-negative because the fresh-deposit obligation resets your variance exposure. A €200 deposit on a single-tier low-wager offer beats €600 spread across a three-tier stack roughly nine times out of ten.

Wager-free welcome bonuses — the category the industry pretends is small

A handful of operators run genuinely wager-free welcome offers: winnings from the bonus balance drop straight to withdrawable cash with no playthrough. These are structurally positive-EV, because you cannot lose money you never wagered against a multiplier. They are almost always packaged as small free-spin batches (10-50 spins, wager-free) bundled with a match; the match itself is still wagered, but the spin winnings are yours immediately. If a welcome offer says "wager-free" on the spins line, treat that line as one of the highest-EV items in the entire bonus catalog and claim regardless of the match verdict.

FAQ · welcome bonuses

What is a good wagering requirement for a welcome bonus?

25×-30× on the bonus only (B scope) is genuinely competitive and can be positive-EV. 35×-40× B is industry standard and usually prices slightly negative. 40×+ or anything on deposit+bonus (D+B) scope is a SKIP at almost any deposit size — the expected loss over the turnover exceeds the bonus value.

Are welcome bonuses worth it?

Roughly one in ten prices positive at our €100 baseline — low-wager offers, mostly. The rest lose €20-€60 per €100 deposit on average. Worth it depends on what you were doing anyway: if you would deposit regardless, a NEUTRAL-verdict bonus adds play time for the same money. If you deposit only to claim the bonus, only CLAIM verdicts make sense.

Can I withdraw a welcome bonus immediately?

No — the bonus amount itself is never withdrawable, only winnings after completing the wagering requirement. Some operators let you forfeit the bonus to withdraw your remaining deposit; check for a "forfeit bonus" option in the cashier before support tickets.

Is a 200% welcome bonus better than a 100% one?

Almost never. Operators pay for the higher headline by widening the wagering — 200% matches typically run at 45×-50× on deposit+bonus scope, versus 30×-35× bonus-only on 100% offers. The expected loss over the extra turnover exceeds the extra bonus value. At a €100 deposit, a 100% at 30×-B usually prices near break-even; a 200% at 45×-D+B carries roughly €270 of negative expectation. Sort the EV column, not the match column.

Do I need a promo code to claim a welcome bonus?

Roughly half of welcome offers require a code — typically a short case-sensitive string ("WELCOME100", "FIRST500") entered in a promotions field during registration or in the cashier before the first deposit. The other half auto-credit on qualifying deposit. Our offer cards list the exact code (or explicitly note "no code needed") for every welcome bonus we track. Missing the code window usually cannot be fixed retroactively — support may issue the bonus as a courtesy on a first request, never on a second.

What is a sticky vs non-sticky welcome bonus?

Sticky bonuses stay attached to your balance for wagering purposes but are stripped at cashout — you keep the winnings, not the bonus itself. Non-sticky bonuses sit in a separate wallet and only unlock after wagering completes; your deposit remains withdrawable throughout. Non-sticky is strictly better for the player: you can withdraw the deposit at any point without forfeiting anything. Sticky is the industry default. Terms usually do not use these words — instead look for "bonus is withdrawn on cashout" (sticky) versus "deposit and bonus are separate" (non-sticky).

Can I withdraw my deposit if I have not finished the wagering?

On non-sticky offers, yes — the deposit sits in a separate wallet and remains withdrawable. On sticky offers (the default), initiating a withdrawal usually voids the entire bonus and any winnings from it, returning only the untouched deposit portion. Most cashiers show a "forfeit bonus" button before finalising a withdrawal request; some auto-strip and warn on the confirmation screen. Read the confirmation dialog before clicking.

Which games contribute 100% to welcome-bonus wagering?

Slots almost always contribute 100%. Live-dealer and table games contribute 10-20% at most operators and 0% at some; video poker and progressive-jackpot slots are usually excluded entirely. That means playing 30 minutes of blackjack toward a €4,000 wagering requirement moves the counter by €400-€800, not €4,000. Every welcome bonus we track lists the game-weighting on the offer card; if you prefer table games, filter to the operators whose blackjack contributes 20%+ or accept that slots are the fastest clearance path.