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Free Spins Value Calculator

Real cash value of any free spins welcome offer.

Free spin offers look the same on the surface (100 free spins on Book of Dead, etc.) but the real value varies enormously. A 100 free spins offer at 0.10p per spin with 0x wagering is worth £10 in cash. The same offer at the same spin value with 50x wagering is worth about £2 in expected withdrawable cash. This calculator does the comparison in seconds.

Enter the number of free spins, value per spin, the slot's RTP, the wagering requirement on winnings, and the win cap (if any). The calculator returns: expected winnings from the spins, expected loss during wagering, expected withdrawable cash, and the percentage of "headline value" that converts to real money. Most UK casino free spin offers convert at 20–50% of headline value — meaning a "100 free spins" offer is realistically worth £2–£5 in your pocket.

Pair with our bonus terms decoder to understand any win cap restrictions and game weighting. The combination of a high win cap (e.g. £5 max win) plus 30x wagering can make even a generous-looking free spin offer effectively worthless. We rank the best free spin offers at /free-spins.

Free Tool

Free Spin Value Calculator

Find out the real value of any free spins bonus after wagering requirements.

50 spins
1 spins500 spins
£0.10
£0.01£5.00
96%
85%99%
30×
1×100×
£100
Bonus AnalysisMarginal
Gross Spin Value
50 × £0.10
£5.00
Expected Winnings (before wagering)
At 96% RTP
£4.80
Total Wagering Required
30× the winnings
£144.00
Expected Loss to Wagering
Casino edge during playthrough
−£5.76
Win Cap Applied
Capped at £100
£4.80
Net Expected Value
Your likely profit or loss
£-0.96

This calculator uses theoretical EV. Actual results vary due to variance. A positive EV bonus is still not guaranteed to profit. Learn about wagering →