A wildcard redirect preserves the filename/path when sending visitors to the destination domain.
For example, if old.example redirects to new.example with wildcard redirect enabled, a request for old.example/images/photo.jpg can redirect to new.example/images/photo.jpg.
Without wildcard behavior, the redirect can send requests to a single destination instead.
Use wildcard redirects deliberately. They can create unexpected destinations when the path structure on the new site does not match the old site.