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For bonus spins, the wagering requirement is based on the resulting winnings. If your bonus spins winnings are $50 with a 10x wagering requirement, you must bet $500 to unlock the bonus money. Casino bonus codes are typically for promotions like free spins no deposit bonuses.
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They have proven wildly popular with players and are one of the leading casino bonuses offered by real money online, social, and even land-based casinos. There are various other casino bonuses out there with no wagering requirements. You can collect 25 free spins with no deposit at many popular UK casinos, for instance, and some sites will let you pick up as many as 100 free spins without depositing. In a nutshell, they determine the number of times you must play through your bonus money before it is converted into real money that can be withdrawn.