Terms and Conditions
The Cheeky Win Casino Welcome bonus currently consists of a bonus of 200% up to £100 plus 25 complimentary spins on Starburst.
The minimum deposit that will trigger the bonus is £25.
This bonus has a wagering requirement of 40x(deposit+bonus) for the deposit bonus and 40xbonus on winnings for the complimentary spins.
The bonus is structured so that only wagering with bonus funds, which are stacked beneath the deposited funds, counts towards the wagering requirement. This also means that bonus restrictions, do not apply while you are wagering with your deposited funds. In other words as long as you are only using deposited funds you can withdraw at any time you like.
There is no maximum bet term associated with this bonus.
The maximum allowed win with this bonus, including from the complimentary spins, is 4xbonus.
The bonus is cashable.
Bonus and associated winnings will expire after 28 days if the wagering requirements are not completed; Complimentray Spins expire after 7 days.
Game Weightings:
- Roulette, Blackjack 0%
- Some Premium Slots 75%
Simulations
Our review will provide a value for Low Rollers, Mid Rollers and High Rollers. Each category will use the same slots game (Thunderstruck) for accurate comparison.
Low Rollers will use the minimum possible bet size (£0.09/spin) and a low deposit value of £30.
Mid Rollers will use an average player bet size (£0.54/spin) and an average deposit value of £50.
High Rollers will use a large player bet size (£4.95/spin) and a large deposit size of £100.
Super High Rollers will use a large player bet size (£9.99/spin) and a large deposit size of £100.
The value of the complimentary spins will be assessed first and added on to the value of the bonus at the end of simulation.
Complimentary Spins
Complimentary Spins have to be assessed in two steps. Firstly the average win for the Complimentary Spins have to be established and secondly the wagering requirement has to be assessed for that average win to find how much the player will be left with on average.
In the case of the Cheeky Win Casino complimentary spins we have 25 complimentary spins on Starburst with a value of £0.10/spin. That’s a total of 25x0.10 = £2.50 of wagers. The average win from the complimentary spins will simply be the total wagers multiplied by the RTP. So 2.50x0.961 = £2.40.
We then take the £2.40 win and assess the impact of the wagering requirement. The wagering requirement will be 2.40x40 = £96.00. We then conduct the following simulations for Low, Mid, High and Super High Roller play:
Low Roller

So the complimentary spin value is £XXXX when placing minimum bets.
Mid Roller

Complimentary spin value is £XXXX.
High Roller

Complimentary spin value is £XXXX.
Deposit Bonuses
Due to the structure of the Cheeky Win bonus where wagers with deposited funds do not count towards the wagering requirement the bonus has to be assessed in two parts: the pre-bonus wagering and the value of the bonus. Once we have conducted these simulations we work out the value of the bonus as follows:
[Expected Loss from pre-bonus play] -([Value of the bonus]x[Chance of using the bonus]) = [Average Expected Value for the bonus]
Low Roller Bonus
Using a deposit of £30 with a bonus of £60, with a wagering requirement of 40x90 = £3600, a withdrawal target of 5xdeposit and a bet size of £0.09/spin we get the following results:


We now do a quick sum to calculate the overall value of the bonus:
Average Expected Value for the bonus = -£XXXX + (XXXXXxXXXX) = XXXXX
Adding the free spin value on to the result above we get XXXX + £XXXX = -£XXXX.
Mid Roller Bonus
Using a deposit of £50 with a bonus of £100, with a wagering requirement of 40x150 = £6000, a withdrawal target of 5xdeposit and a bet size of £0.54/spin we get the following results:


We now do a quick sum to calculate the overall value of the bonus:
Average Expected Value for the bonus = XXXX + (XXXXxXXXX) = XXXX
Adding the free spin value on to the result above we get XXXX + XXXX = XXXX.
High Roller Bonus
Using a deposit of £50 with a bonus of £100, with a wagering requirement of 40x150 = £6000, a withdrawal target of 5xdeposit and a bet size of £4.95/spin we get the following results:


We now do a quick sum to calculate the overall value of the bonus:
Average Expected Value for the bonus = XXXXX + (XXXXxXXXXX) = XXXX.
Adding the free spin value on to the result above we get XXXX+ £XXXX = £XXXX.
Super High Roller Bonus
Using a deposit of £50 with a bonus of £5100, with a wagering requirement of 40x150 = £6000, a withdrawal target of 5xdeposit and a bet size of £9.99/spin we get the following results:


We now do a quick sum to calculate the overall value of the bonus:
Average Expected Value for the bonus = -£XXXX + (£XXXXxXXXX) = -£XXXX.
Adding the free spin value on to the result above we get -XXXX + £XXXX = -£XXXX.
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