Max cashout

The ceiling a casino places on how much you can withdraw from money won using bonus funds. Usually expressed as a multiple of the bonus amount (e.g. 5× on a €100 bonus = max €500 cashout from bonus winnings; the deposit portion is separate).

For no-deposit bonuses, max cashout is almost universal and often tight (3× to 5×). For real-money deposits, some operators impose no cap; others apply it only to the bonus-derived portion of winnings.

This is the single most-overlooked field in bonus math — a €500 headline bonus with a 3× max cashout is capped at €1,500 of upside, no matter how well the wagering goes.