Wagering Requirements: How it Works
One of the perks of being a new player signing up at an online casino, is the welcome offer. While it will afford you extra game time and boosted opportunities to score, these offers are usually subject to terms and conditions, one of which would be wagering requirements. This can differ from one casino to the next and be a deciding factor in making your selection, so it’s important to familiarize yourself with the details beforehand.
What exactly are wagering requirements? In simple terms, they’re a multiplier amount that indicates the number of times you need to play through your bonus before the casino will give you permission to withdraw any winnings. Where can you find out what an offer’s wagering requirements are? If it’s not punted upfront, simply click on the promo Ts&Cs link. Why do casinos have these requirements on their offers? It’s simple. If they didn’t, players could simply sign up, make a deposit to receive the bonus, and withdraw the bonus money without even playing.
Let’s take a look at wagering requirement examples. Say Casino A gives you a 100% match bonus worth up to $50 with a 20x wagering requirement. Upon making your first deposit of $50, the casino will match it with a bonus of $50, giving you a total of $100 to play with. However, you’ll have to wager your $50 bonus x 20, an amount of $1000, before you can withdraw winnings from it. This can be done by placing one single real money bet or multiple bets. Now consider Casino B offering the same welcome offer, a 100% match bonus worth up to $50, but with a 40x wagering requirement. This would mean that the amount you’d have to wager before withdrawing your winnings would be $2000, twice that of Casino A, making your choice of casino much easier.