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Because the conversion rate is fixed, the real profit for the casino is the difference between the required turnover and the actual return‑to‑player (RTP) of the games you’re forced to play. If a game’s RTP sits at 96 %, the operator retains 4 % of £3000, i.e. £120 – a tidy profit margin that dwarfs the “gift” of a bonus.

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Contrast that with a scenario where you skip the bonus and stick to a 1 % bankroll growth strategy on a 99 % RTP slot. After 500 spins at £0.20 each, you’d expect a profit of £1, well below the £100 “extra” you thought the bonus offered.

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