Contents
For Bovada casino offers, BTCCWB1250 is the first-deposit crypto code, and CAWELCOME100 is the first-deposit fiat code. Choose the code for your product, payment method and offer stage before making the qualifying deposit: the terms shown in your account take precedence over the general table. Second and third deposits use separate codes; a welcome code is not a universal reload offer.
The official-page information below was checked on October 13, 2026. This is not a report of a deposit or an offer test. This guide is intended for readers aged 21+: separately verify the legal gambling age, location restrictions and Bovada’s eligibility requirements. English-language access does not establish eligibility. See our guide to Bovada’s US legal status and state restrictions for context.
Choose by product, payment method and deposit stage
For casino bonuses, identify your payment method and deposit stage first; sports and poker have separate offers. The bonus amount is not money you can withdraw immediately.
| Product and stage | Code | Match per qualifying deposit | Bonus cap | Requirement |
|---|---|---|---|---|
| Casino, crypto, first deposit | BTCCWB1250 | 125% | $1,250 | 25× deposit plus bonus |
| Casino, crypto, second and third deposits | BTC2NDCWB | 125% | $1,250 per stage | 50× deposit plus bonus |
| Casino, fiat, first deposit | CAWELCOME100 | 100% | $1,000 | 25× deposit plus bonus |
| Casino, fiat, second and third deposits | BV2NDCWB | 100% | $1,000 per stage | 25× deposit plus bonus |
| Sports, crypto, first deposit | BTCSWB750 | 75% | $750 | 5× deposit plus bonus on sports/horses, or 30× in the casino |
| Poker welcome offer | BPWB500 | 100% | $500 | Released in increments: $5 per 150 points |
The casino codes and stages come from Bovada’s official welcome offer. The maximum crypto package is 3 × $1,250 = $3,750 in bonuses; the fiat package is 3 × $1,000 = $3,000. These are three separate stages, not one credit. The later fiat stages require participation in the first casino welcome stage.
A qualifying $1,000 deposit, not $1,250, reaches the $1,250 crypto casino bonus cap at 125%. A $1,000 deposit also reaches the $1,000 fiat cap at 100%. These amounts explain the caps; they are not recommendations to deposit the maximum.
See the crypto sports welcome terms and poker welcome terms for those products. The standard sports promotion on Bovada’s promotions page also lists 50% up to $250, but no public code for it has been verified here. Check the offer available in your account.
Check eligibility before depositing
Before depositing, confirm that you, your payment method and your deposit stage qualify. Finding a code on a public page is not enough.
Check the offer description for:
- Eligibility: whether it is for new customers, which deposit stage applies and whether a preceding stage is required.
- Payment: eligible methods, the minimum amount and whether the deposit must arrive in one transfer.
- Active offers: whether another bonus prevents you from claiming this one. Do not assume bonuses can be combined.
- Wagering basis: whether the multiplier applies to the bonus, deposit or deposit plus bonus.
- Games: game contribution, excluded games and the maximum permitted bet.
- Deadline: the date shown for this particular bonus.
- Withdrawal conditions: whether the bonus principal can become withdrawable, any maximum payout restriction and the balance spending order.
Under the general bonus terms, the minimum deposit is generally $20 unless the offer specifies otherwise. Vouchers are ineligible. For MatchPay, verify the conditions of your account’s offer rather than assuming a blanket ban or automatic eligibility; ask support if necessary. Our MatchPay guide covers the payment method separately.
Set a loss limit before playing. If the restrictions do not suit how you intended to play, you can decline the bonus. A bonus does not make gambling free money.
ToolsGambling may receive an affiliate commission when you visit the operator through our Bovada affiliate link. Our analysis of the offer terms remains independent.
Claim the offer through Rewards
Open Rewards, select the offer and verify that it has been credited before playing. Bovada describes the process in its official claim instructions.
- Select the profile/silhouette icon at the top of the page, then open Rewards.
- Go to Bonuses.
- If you are selecting a deposit-match offer, use Deposit beside that offer.
- If you have an emailed or public code, use this alternative entry path: enter the exact code in the field at the bottom of Rewards, then select Redeem before making the qualifying deposit. This path does not require selecting Deposit beside an offer first.
- Before playing, check Rewards and Transactions. Confirm that the correct bonus has been credited and review its terms.
Official Bovada help illustration showing the bonus-code field and Redeem control
Official Bovada help illustration with its original English interface—not a translated interface or a verified logged-in account.
If the bonus does not appear, do not start playing on the assumption that it will be credited later. Check the code, offer and transaction history, then contact support.
Understand casino rollover before accepting
Casino rollover is a requirement to accumulate credited wagering, not to lose the stated amount. For the casino offers listed here, the wagering basis includes the deposit and bonus.
The calculation has two separate parts:
Required credited wagering = wagering basis × wagering multiplier.
Required actual turnover = required credited wagering ÷ game contribution as a fraction, provided the contribution is greater than zero.
For example, a first crypto deposit of $100 earns a $125 bonus. The wagering basis is $225, and the 25× requirement produces $5,625 in required credited wagering. At 100% contribution, that means $5,625 in stakes; at 20%, it means $28,125 in stakes. Neither figure is a required new deposit or a guaranteed loss.
Bovada’s rollover help confirms that a deposit match includes the deposit in its wagering basis. Our wagering requirements guide explains the distinction between the basis, multiplier and game contribution.
Compare the offers with a $100 deposit
With the same deposit, a later crypto stage requires twice the turnover of the first crypto stage. The table is a model, not an outcome forecast.
Assumptions: 100% game contribution, constant 96% theoretical return to player (RTP), completed wagering, sufficient funds, bonus principal that can become withdrawable after meeting the terms, no fees and no maximum payout cap.
| Offer | Bonus | Wagering basis | Multiplier | Actual turnover | Expected loss at 96% RTP | Bonus minus expected loss |
|---|---|---|---|---|---|---|
| First fiat deposit | $100 | $200 | 25× | $5,000 | $200 | −$100 |
| First crypto deposit | $125 | $225 | 25× | $5,625 | $225 | −$100 |
| Second or third crypto deposit | $125 | $225 | 50× | $11,250 | $450 | −$325 |
The proxy subtracts expected loss from the bonus amount. In the fixed-turnover model, assuming wagering is completed, expected loss = actual turnover × (1 − RTP as a fraction): $5,625 × (1 − 0.96) = $225. The bonus-value proxy is therefore $125 − $225 = −$100. The deposit is not included in that subtraction: it is your money, not added bonus value. This simplified expected-value proxy is not a payout, available balance, net profit or probability of completing wagering. Actual results can differ substantially.
Check which games contribute
Games contribute different proportions of each stake, while excluded games do not advance wagering at all. Check both the general Bovada terms and your offer’s specific exclusions.
For a target of $5,625 in required credited wagering:
| Category under the general terms | Game contribution | Required actual turnover |
|---|---|---|
| Slots and specialty games, unless excluded | 100% | $5,625 |
| Table games without a separately specified contribution | 20% | $28,125 |
| Most blackjack, video poker and Reels and Wheels XL | 10% | $56,250 |
| Roulette and baccarat | 5% | $112,500 |
| Double-deck blackjack | 2% | $281,250 |
| Excluded games | 0% | Cannot advance wagering |
This compares turnover, not the expected losses of different games. The 96% RTP assumption from the slot example does not apply to the other rows.
A $10 stake at 20% contribution earns $2 in credited wagering. Under the general bonus terms, examples of games with 0% contribution include Numbers Game, single-deck and Classic Blackjack, craps, all live casino games and all Hot Drop Jackpot games. These examples are not the full excluded list: check the additional exclusions and the specific offer terms, which may override the general terms. A 0% contribution does not establish permission to use bonus funds on that game; check the prohibitions separately.
The general casino maximum bet is 20% of the deposit unless the offer sets another limit. For a $100 deposit, that is $20. A maximum bet is not a maximum payout.
Calculate sports credit separately
Sports rollover depends on how each bet settles, so a standard casino calculator cannot model it correctly. Bovada credits a winning bet at the lesser of the stake or net winnings, a losing bet at the stake, and a void or push at zero, according to its rollover help.
A $100 crypto deposit earns a $75 bonus at 75%. The $175 wagering basis at 5× produces $875 in required credited wagering on sports or horses. That does not mean any $875 in actual stakes will satisfy the requirement. The casino alternative at 30× requires $5,250 in credited wagering.
A separate example uses a $100 stake at −200:
| Settlement | Net winnings or loss | Credited wagering |
|---|---|---|
| Win | $50 | $50 |
| Loss | −$100 | $100 |
| Void or push | $0 | $0 |
The general sports maximum bet is 50% of the deposit. The $100-stake example therefore assumes a qualifying deposit of at least $200; it is separate from the $100 deposit-match example. It explains settlement credit, not a reason to lose bets.
Understand how the poker bonus is released
BPWB500 is released in increments as you earn points, rather than credited in full immediately. Under the poker offer terms, every 150 points unlocks $5.
Releasing the full $500 requires 15,000 points earned within 30 days. That is not $15,000 in stakes. Once funds are unlocked, they have no traditional rollover requirement, but poker play still involves potential losses and rake. There is no guarantee that you will release the entire bonus.
Check the restrictions on concurrent bonuses before participating. Do not assume the poker offer can automatically be combined with a casino or sports bonus.
Reproduce the ToolsGambling calculator example
Use the English wagering calculator to enter the conditions manually, then compare them with your account’s bonus description. The tool’s game-type defaults are not Bovada rules.
Select Deposit Bonus, then expand Advanced Options to set the withdrawal cap to 0, the deadline to 30 days and the actual stake to $1. Leave Sticky Bonus off (No). The screenshot shows these controls expanded. Treating the bonus principal as cashable after the requirements are met is a model assumption, not a verified description of the operator’s balance mechanics.
For the first crypto-deposit example, use these inputs:
| Input | Value | Meaning |
|---|---|---|
| Deposit | 100 | Example deposit of $100 |
| Bonus percentage | 125% | A $125 bonus |
| Wagering multiplier | 25 | First-stage requirement |
| Wagering basis | Deposit + bonus | $225, not just $125 |
| Game contribution | 100% | Assumed eligible slot contribution |
| RTP | 96% | Hypothetical game configuration |
| Maximum bet | 20 | General limit for a $100 deposit, unless overridden |
| Actual stake | 1 | Assumed $1 per bet |
| Maximum payout cap | 0 | No cap in this example |
| Sticky Bonus | No (off) | Assumes the bonus principal can become withdrawable after meeting the terms |
| Deadline | 30 days | Hypothetical, not the verified deadline for this bonus |
English calculator inputs with deposit 100, bonus 125% and wagering multiplier 25
Inputs on a localhost ToolsGambling instance. The 96% RTP, $1 stake and 30-day deadline are assumptions, not verified Bovada account settings.
The result is $5,625 in turnover, $225 in expected loss and a −$100 bonus-value proxy. At $1 per bet, that means 5,625 bets. The rounded time estimate of 9.4 hours assumes 600 bets per hour; it is not advice to play faster or without breaks.
English calculator result showing turnover 5625, expected loss 225 and bonus-value proxy minus 100
Result on a localhost ToolsGambling instance—not a calculation of a real Bovada balance or a promised payout.
The tool’s EV output is a simplified proxy: bonus minus expected loss over the specified completed turnover. It assumes sufficient funds and constant RTP, but does not predict an available withdrawal balance.
If the tool displays a completion probability, treat it as a heuristic, not validated personal odds. The tool cannot model 0% contribution: its interface clamps the minimum to 1%, so do not represent an excluded game as contributing 1%.
An RTP catalog may help you find a published game configuration. It does not prove that Bovada uses that configuration or validate the fairness of a particular session.
Find existing-player and no-deposit offers
Existing players should check Rewards and Bovada emails for targeted offers; no current public no-deposit code has been verified for this guide. That does not mean such offers have never existed.
A personalized offer should show its code, eligibility, deadline, activation method and wagering conditions. Do not treat a welcome code as a universal reload bonus.
Reward points and referrals are separate programs with their own conditions, not automatically withdrawable money. Under the Rewards terms, point conversion varies by tier and carries its own rollover. Do not gamble more just to earn points.
Resolve code failures and check deadlines before continuing
If a bonus has not been credited, stop before making another deposit or playing and establish why. Do not try to fix the problem by depositing more.
Check, in order:
- The exact code, including stray spaces.
- The product and stage: casino, sports or poker; first, second or third deposit.
- Eligibility and any required preceding stage.
- Payment method, minimum amount and any single-transfer requirement.
- Another active offer.
- Code expiry and the bonus completion deadline.
- Rewards and Transactions.
Check progress under Active Bonuses and the specific terms under Bonus Description. If the credit is missing or the information conflicts, contact Bovada customer service before continuing.
Under the general expiry rule, bonuses expire after six months unless otherwise specified. That is not a universal 180-day guarantee. Use your offer’s actual date: poker has a separate 30-day points-earning window, while the calculator screenshot’s 30 days is only a scenario.
If the conditions no longer suit you, consider forfeiting only after reading the consequences. Bovada’s forfeiture rules permanently remove the bonus and associated winnings. This does not guarantee recovery of the full original deposit; check the withdrawal conditions for any remaining funds separately. See the Bovada withdrawal guide for more on the withdrawal procedure.
Do not use VPNs, extra accounts or hedging to bypass restrictions. Do not raise stakes or deposit more to chase a deadline. Declining the offer is a reasonable outcome if its restrictions or potential losses do not suit you.
Frequently Asked Questions
A qualifying deposit of $1,000 reaches the $1,250 crypto bonus cap at 125%; the required deposit is not $1,250. A 100% fiat bonus capped at $1,000 also requires a $1,000 deposit. These figures explain the bonus caps, not how much you should deposit.
Do not treat a welcome code as a universal reload code. The second and third deposit stages have their own conditions. Existing players should check Rewards or a personalized email for an offer they are eligible to claim.
No. It illustrates a calculation on a local ToolsGambling instance, not a verified Bovada account. The model assumes completed wagering, sufficient funds and a constant theoretical return to player.
No. Even when the bonus principal can become withdrawable, the offer's conditions must first be met. The bonus principal, winnings and available withdrawal balance are different amounts.









