Skip to content
21+Independent US gambling guideOdds, bonuses and banking checked against operator termsProblem gambling? Call 1-800-GAMBLER
Home Best Online Casino No Deposit… Rollover math: what a 40x bonus actually…

Rollover math: what a 40x bonus actually costs before you can withdraw

A wagering requirement is not a fee. It is a volume of bets you have to place, and the cost of placing them is what the bonus really charges you.

Updated 24 Sep 2026 21+ · 1-800-GAMBLER

Last checked

On this page — 4 sections
  1. (b) and (b+d) are different offers
  2. The one-line calculation
  3. Where the requirement is not the binding constraint
  4. A quick way to rank two offers

Every welcome bonus at a US-facing casino comes with a number in front of an x. That number is a multiplier on an amount, and the whole argument about whether an offer is good comes down to two questions: what is it multiplying, and what does the turnover cost you to produce?

Welcome offers compared on the same basis: first deposit, rollover and minimum stake

Each row shows the first-deposit offer, the wagering attached to it and the deposit needed to trigger it. A bigger headline number with a heavier rollover is often the worse deal.

Ratings last updated: 12 sites checked
  1. 1Vegas Aces logo
    Vegas Aces 9.6

    Online since 2021 · Casino · Crypto · instant

    6 cryptocurrenciesFrom $20Comoros Union Authority licence
    250% up to $2,500 on the first deposit with code VAWELCOME1Wagering 40x (b+d) · Minimum deposit $20 · Code VAWELCOME1
    Bonus detail
    Welcome offer250% up to $2,500 on the first deposit with code VAWELCOME1
    Wagering40x (b+d)
    Minimum deposit$20
    Bonus codeVAWELCOME1
    WithdrawalsCrypto · instant
    LicenceComoros Union Authority
    Banking

    Deposit routes: Crypto, Card, E-wallet, Voucher

    Cryptocurrencies supported: 6

    Typical withdrawal: Crypto · instant. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Banks in 6 cryptocurrencies, so withdrawals clear in minutes
    • Welcome offer triggers from a $20 deposit
    • Headline offer runs to $2,500
    Watch for
    • Rollover of 40x is above the market average
    • Casino only — no sportsbook on the same account
    • No free spins attached to the welcome offer
  2. 2Red Dog logo

    Online since 2019 · Casino · Crypto · 3–5 min

    Crypto acceptedFrom $10Anjouan licence
    Welcome offer up to $8,000 across the first four depositsWagering 30x · Minimum deposit $10 · No code needed
    Bonus detail
    Welcome offerWelcome offer up to $8,000 across the first four deposits
    Wagering30x
    Minimum deposit$10
    Bonus codeNone required
    WithdrawalsCrypto · 3–5 min
    LicenceAnjouan; Comoros Gambling License Authority
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 2

    Typical withdrawal: Crypto · 3–5 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Crypto cashier for same-day withdrawals
    • Welcome offer triggers from a $10 deposit
    • Headline offer runs to $8,000
    Watch for
    • Casino only — no sportsbook on the same account
    • No free spins attached to the welcome offer
    • Short coin list — crypto limited to the majors
  3. 3Everygame logo

    Online since 1996 · Sportsbook + casino · Crypto · 10–15 min

    3 cryptocurrenciesSportsbookFrom $20Curacao licence
    125% up to $1,000 on the first deposit with code SIGNUP1000Wagering 30x (b+d) · Minimum deposit $20 · Code SIGNUP1000
    Bonus detail
    Welcome offer125% up to $1,000 on the first deposit with code SIGNUP1000
    Wagering30x (b+d)
    Minimum deposit$20
    Bonus codeSIGNUP1000
    WithdrawalsCrypto · 10–15 min
    LicenceCuracao; Saint Kitts and Nevis
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 3

    Typical withdrawal: Crypto · 10–15 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Crypto cashier for same-day withdrawals
    • One account covers the sportsbook and the casino
    • Welcome offer triggers from a $20 deposit
    • Trading since 1996, one of the longest US-facing records
    Watch for
    • No free spins attached to the welcome offer
    • Offer only applies if the code SIGNUP1000 is entered on deposit
  4. 4Las Atlantis logo

    Online since 2020 · Casino · Crypto · 3–5 min

    6 cryptocurrenciesFrom $30Government of Anjouan (Union of Comoros) licence
    280% up to $2,500 on the first deposit with code UNDERTOWWagering 40x (b+d) · Minimum deposit $30 · Code UNDERTOW
    Bonus detail
    Welcome offer280% up to $2,500 on the first deposit with code UNDERTOW
    Wagering40x (b+d)
    Minimum deposit$30
    Bonus codeUNDERTOW
    WithdrawalsCrypto · 3–5 min
    LicenceGovernment of Anjouan (Union of Comoros); Curacao eGaming
    Banking

    Deposit routes: Crypto, Card, E-wallet, Voucher

    Cryptocurrencies supported: 6

    Typical withdrawal: Crypto · 3–5 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Banks in 6 cryptocurrencies, so withdrawals clear in minutes
    • Headline offer runs to $2,500
    Watch for
    • Rollover of 40x is above the market average
    • Casino only — no sportsbook on the same account
    • No free spins attached to the welcome offer
  5. 5Cafe Casino logo

    Online since 2016 · Casino · Crypto · under an hour

    Crypto acceptedFrom $20Curacao licence
    250% up to $1,500 on the first depositWagering 40x (b+d) · Minimum deposit $20 · No code needed
    Bonus detail
    Welcome offer250% up to $1,500 on the first deposit
    Wagering40x (b+d)
    Minimum deposit$20
    Bonus codeNone required
    WithdrawalsCrypto · under an hour
    LicenceCuracao
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 2

    Typical withdrawal: Crypto · under an hour. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Crypto cashier for same-day withdrawals
    • Welcome offer triggers from a $20 deposit
    Watch for
    • Rollover of 40x is above the market average
    • Casino only — no sportsbook on the same account
    • No free spins attached to the welcome offer
  6. 6El Royale logo

    Online since 2020 · Casino · Crypto · instant

    4 cryptocurrenciesFrom $10Government of Anjouan (Union of Comoros) licence
    230% match up to $20,000 across the welcome package, code ROYALSHOWWagering 40x (b+d) · Minimum deposit $10 · Code ROYALSHOW
    Bonus detail
    Welcome offer230% match up to $20,000 across the welcome package, code ROYALSHOW
    Wagering40x (b+d)
    Minimum deposit$10
    Bonus codeROYALSHOW
    WithdrawalsCrypto · instant
    LicenceGovernment of Anjouan (Union of Comoros); Curacao eGaming
    Banking

    Deposit routes: Crypto, Card, E-wallet, Voucher

    Cryptocurrencies supported: 4

    Typical withdrawal: Crypto · instant. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Banks in 4 cryptocurrencies, so withdrawals clear in minutes
    • Welcome offer triggers from a $10 deposit
    • Headline offer runs to $20,000
    Watch for
    • Rollover of 40x is above the market average
    • Casino only — no sportsbook on the same account
    • No free spins attached to the welcome offer
  7. 7Xbet logo
    Xbet 8.7

    Online since 2013 · Sportsbook + casino · Crypto · instant

    Crypto acceptedSportsbookFrom $20
    200% up to $500 on the first depositWagering 40x · Minimum deposit $20 · No code needed
    Bonus detail
    Welcome offer200% up to $500 on the first deposit
    Wagering40x
    Minimum deposit$20
    Bonus codeNone required
    WithdrawalsCrypto · instant
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 1

    Typical withdrawal: Crypto · instant. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Crypto cashier for same-day withdrawals
    • One account covers the sportsbook and the casino
    • Welcome offer triggers from a $20 deposit
    Watch for
    • Rollover of 40x is above the market average
    • No free spins attached to the welcome offer
    • Short coin list — crypto limited to the majors
  8. 8MyBookie logo

    Online since 2014 · Sportsbook + casino · Crypto · 0–1h

    3 cryptocurrenciesSportsbookFrom $45
    150% up to $750 on the first deposit with code MYB150Wagering 40x (b+d) · Minimum deposit $45 · Code MYB150
    Bonus detail
    Welcome offer150% up to $750 on the first deposit with code MYB150
    Wagering40x (b+d)
    Minimum deposit$45
    Bonus codeMYB150
    WithdrawalsCrypto · 0–1h
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 3

    Typical withdrawal: Crypto · 0–1h. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Crypto cashier for same-day withdrawals
    • One account covers the sportsbook and the casino
    Watch for
    • Rollover of 40x is above the market average
    • Needs $45 in to claim the welcome offer
    • No free spins attached to the welcome offer
  9. 9BetOnline logo

    Online since 2001 · Sportsbook + poker + casino · Crypto · 3–5 min

    Crypto accepted100 free spinsSportsbookPoker roomFrom $25Panama Gaming Control Board licence
    100 free spins plus 50% up to $250 in sports free bets, code BETCASINOWagering 30x · Minimum deposit $25 · Code BETCASINO
    Bonus detail
    Welcome offer100 free spins plus 50% up to $250 in sports free bets, code BETCASINO
    Wagering30x
    Minimum deposit$25
    Free spins100
    Bonus codeBETCASINO
    WithdrawalsCrypto · 3–5 min
    LicencePanama Gaming Control Board
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 2

    Typical withdrawal: Crypto · 3–5 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Crypto cashier for same-day withdrawals
    • Sportsbook, poker room and casino share one balance
    • 100 free spins come with the welcome offer
    • Trading since 2001, one of the longest US-facing records
    Watch for
    • Short coin list — crypto limited to the majors
    • Offer only applies if the code BETCASINO is entered on deposit
  10. 10BetUS logo
    BetUS 8.3

    Online since 1994 · Sportsbook + casino · Crypto · 0–1h

    Crypto acceptedSportsbookFrom $50Curacao licence
    200% up to $4,000 on the first deposit with code CAS200Wagering 35x · Minimum deposit $50 · Code CAS200
    Bonus detail
    Welcome offer200% up to $4,000 on the first deposit with code CAS200
    Wagering35x
    Minimum deposit$50
    Bonus codeCAS200
    WithdrawalsCrypto · 0–1h
    LicenceCuracao; Comoros Gambling License Authority
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 2

    Typical withdrawal: Crypto · 0–1h. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Crypto cashier for same-day withdrawals
    • One account covers the sportsbook and the casino
    • Trading since 1994, one of the longest US-facing records
    • Headline offer runs to $4,000
    Watch for
    • Needs $50 in to claim the welcome offer
    • No free spins attached to the welcome offer
    • Short coin list — crypto limited to the majors
  11. 11Bovada logo
    Bovada 8.1

    Online since 2011 · Sportsbook + poker + casino · Crypto · 10–15 min

    Crypto acceptedSportsbookPoker roomFrom $20Curacao licence
    100% up to $1,000 on the first deposit with code CAWELCOME100Wagering 25x (b+d) · Minimum deposit $20 · Code CAWELCOME100
    Bonus detail
    Welcome offer100% up to $1,000 on the first deposit with code CAWELCOME100
    Wagering25x (b+d)
    Minimum deposit$20
    Bonus codeCAWELCOME100
    WithdrawalsCrypto · 10–15 min
    LicenceCuracao
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 2

    Typical withdrawal: Crypto · 10–15 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Crypto cashier for same-day withdrawals
    • Sportsbook, poker room and casino share one balance
    • Welcome offer triggers from a $20 deposit
    Watch for
    • No free spins attached to the welcome offer
    • Short coin list — crypto limited to the majors
    • Offer only applies if the code CAWELCOME100 is entered on deposit
  12. 12SportsBetting.ag logo

    Online since 2003 · Sportsbook + poker + casino · Crypto · 10–15 min

    4 cryptocurrencies100 free spinsSportsbookPoker roomFrom $25Panama Gaming Control Board licence
    100 free spins welcome offerMinimum deposit $25 · No code needed
    Bonus detail
    Welcome offer100 free spins welcome offer
    Minimum deposit$25
    Free spins100
    Bonus codeNone required
    WithdrawalsCrypto · 10–15 min
    LicencePanama Gaming Control Board
    Banking

    Deposit routes: Crypto, Card, Wire

    Cryptocurrencies supported: 4

    Typical withdrawal: Crypto · 10–15 min. Card and wire payouts run to several business days at every offshore book, which is why the crypto rail is the one we time.

    Pros and cons
    What works
    • Banks in 4 cryptocurrencies, so withdrawals clear in minutes
    • Sportsbook, poker room and casino share one balance
    • 100 free spins come with the welcome offer
    • Trading since 2003, one of the longest US-facing records
    Watch for

    Advertising disclosure. Links marked “Visit” are commercial and we may be paid when you open an account through them. That does not change the order above: it follows the offer terms, the banking and the operating record. 21+ only. Gambling should be entertainment, never income — if it stops being that, call 1-800-GAMBLER.

    (b) and (b+d) are different offers

    A requirement written as (b) multiplies the bonus alone. Written as (b+d) it multiplies the bonus and your deposit. Same headline multiplier, very different target. Of the 16 operators tracked here, 8 publish their requirement on bonus plus deposit and 5 on the bonus alone — so the harsher basis is the more common one, not an edge case.

    OfferDepositBonusTurnover target
    30x (b)$100$100$3,000
    30x (b+d)$100$100$6,000
    40x (b)$100$200$8,000
    40x (b+d)$100$200$12,000

    Read that table twice. A 30x (b+d) offer and a 40x (b) offer on the same deposit are much closer than their headline numbers suggest, and the bigger bonus percentage is frequently the worse deal once the multiplier basis is taken into account.

    The one-line calculation

    Turnover = multiplier × (bonus, or bonus + deposit). Expected cost = turnover × house edge ÷ game weighting.

    The first half is arithmetic the operator publishes. The second half is the part that decides whether clearing is realistic: turnover is not free, because every dollar wagered gives back slightly less than a dollar on average. On a game with a 3 per cent edge, $6,000 of turnover costs about $180 in expectation — which is most of a $200 bonus.

    Weighting multiplies the pain

    If table games count 10 per cent towards the requirement, a $6,000 target needs $60,000 of blackjack, and no house edge is small enough to survive that. This is the reason slots clear bonuses and table games do not: see game weighting for the table.

    Where the requirement is not the binding constraint

    Two other clauses void more bonuses than rollover does. The first is the max-bet rule, which caps the stake you may place while a bonus is live and voids everything if you cross it — covered in the max-bet rule. The second is the expiry window, because a target you cannot reach in seven days is not a target at all: see free spins and winning caps for how the same logic applies to spins.

    A quick way to rank two offers

    1. Write down the turnover target for each, using the right basis.
    2. Divide by the expiry window in days: that is the daily turnover you must actually produce.
    3. Multiply the target by the house edge of the game you intend to play.
    4. The smaller expected cost wins — the larger headline percentage usually does not.
    • The multiplier means nothing without the basis it multiplies.
    • 8 of the 16 operators tracked here multiply bonus plus deposit.
    • Turnover costs money: the house edge takes a cut of every dollar of it.
    • 8 of the 16 attach no bonus code at all — see bonus code or no code.

    Frequently asked questions

    Is a 25x bonus always better than a 40x bonus?

    Not if the 25x is on bonus plus deposit and the 40x is on bonus alone. Work out the turnover target for each before comparing.

    Does a bonus ever have positive expected value?

    Rarely at these multipliers and weightings. Treat a bonus as extra playing time rather than as money, and the decision gets easier.

    What happens to the bonus if I withdraw early?

    The unmet portion is removed, and at many sites so are the winnings attached to it. That is what the terms mean by forfeiting.

    More guides like this