We determined the real-world value of the welcome offer using a AUD 500 initial deposit as our baseline. With the 30x wagering on the AUD 500 bonus, you need to play through AUD 15,000 before you can cash out bonus-derived winnings. At an average slot RTP of 96%, the expected loss during wagering is around AUD 600, so the bonus has negative expected value, but less than offers with 40x or 50x conditions. The free spins carry no wagering requirement at all, which is unusual.