I created this site to help players better understand the value of the many casino deposit offers in the market. The attention grabbing top line offers are always accompanied by a number of less understood and publicised terms and conditions which have a significant impact on the ultimate outcome. The only way to really understand how these disparate but interrelated factors contribute to the likely value of the bonus is to actually simulate playing through the wagering requirements. 

After simulating the offers from 7 leading brands in our inaugural market, Spain, we have these results:

The simulation plays through the iconic slot Cleopatra until either the balance reaches zero or the wagering requirement is met.

William Hill was the runaway winner based on our simulation. With one of the lowest wagering requirements in the market, it had the biggest portion of depositors reaching the wagering requirement with a positive balance – 12.4%. The other brand with a similarly low, 20x, wagering requirement was LeoVegas and they also had the only other bonus that awarded double digit percentages of depositors with a winning balance – 10.7%

However, LeoVegas falls to fourth place in the rankings because of the often well hidden Max Win term and condition. This term limits the amount of bonus winnings the player can convert into real money – and in our simulation was the main determiner of the bonuses ultimate value. YoCasino and Codere had higher wagering requirements than LeoVegas but their relatively hefty Max Win lifted them to podium positions.

Lowen Play also had the relatively generous €500 Max Win but the lengthy 50x wagering requirement meant only a very paltry 3.8% of depositors were able to exit with winning balances.

There is much more to unpack in the coming months as we go deeper into the simulations and expand coverage to other markets and bonus types. As this is the first cut, I am particularly interested in any comments on the approach.