Wagering Requirements for a Bonus at Online Casinos
Most of the online casinos offer attractive bonuses and free spins to players as an incentive to deposit more money. These bonuses are tied with a wagering requirement and it will be applied to an account from the time when the players have accepted a bonus. Once the wagering requirement is met, the players can withdraw the funds.
If you are new to the world of online casinos, most probably you have no idea about wagering requirements. Not to worry, read on to find out everything you need to know.
What is a Wagering Requirement?
The wagering requirement is a mathematical calculation designed by online casinos for players whereby it is necessary for them to place a certain amount of bets in order to withdraw their cash. Online casinos use wagering requirements as a means to protect the bonuses they give away freely to their players.
Wagering requirements are also termed as ‘play through requirements’ or simply ‘playthrough.’ It is shown with a number and a symbol ‘X’ such as 20X. The ‘X’ denotes the number of times you have to bet your amount in order for the bonus to become fundable.
Let us understand the wagering requirement with a simple example:
The online casino offers you a bonus of 100%, and you make a deposit of $100, which in turn becomes $200 after applying the 100% bonus. Now, the providers have also set the wagering requirement of 20 times. Therefore, in order to be able to withdraw your funds, you must play 200 X 20 times ($4,000) worth of bets. Once this target is achieved, you can easily withdraw your money.
Cash Withdrawal
The earnings made by players while working towards their wagering requirements are added in a pending balance until their requirements are met. Players cannot withdraw the cash from the pending balance. However, they can make use of the pending funds to complete their wagering requirements.
After the players have met the requirement for the applicable bonus, all funds from the pending balance will be released to the player’s primary payment method from where they can withdraw their funds.
Read the Fine Print of the Wagering Requirements
Online casinos also impose game restrictions on players. Players need to know that different games will count differently towards fulfilling the wagering requirement. This is because the bonus is applicable to slot games so bets made on other games including roulette or blackjack will not add to, or contribute less, to the wagering requirements. This is mainly because such games have a low house edge. Online slots count 100% towards the wagering requirement. In simple terms, for every $1 you bet at an online slot, it counts $1 towards the wagering requirement.
Nevertheless, there are certain casinos that do allow the wagering on blackjack, but the contribution is only 10%. This means if you bet $100 while playing Blackjack, you add up only $10 to the bonus wagering requirements.
If you want to accept a bonus from any online casino, you need to understand their terms and conditions as well as game restrictions in order to make the best of the received bonus. You can visit their terms and conditions page, which has all the details you will ever need. In case you are unable to find anything related, don’t hesitate to contact their dedicated customer care staff that is available 24/7.
What’s the Need for Wagering Requirements?
The majority of online casinos need the players to fulfill the wagering requirement in order to protect their funds. If there’s no such regulation, the casinos might go bankrupt quickly. Players would simply make a deposit of a few hundred dollars, get it multiplied to double or triple the amount by claiming the bonus and then instantly cash out and withdraw the funds. The practice of wagering requirements keeps a check on the activity of players and helps online casinos to survive.
If you are not comfortable with playing at a casino with high wagering requirements, you can look for those with low wagering or no wagering requirements. The only drawback being that these online casinos will offer fewer bonuses.
Can You Avoid Wagering Requirements?
Many casinos offering "cash back bonuses" offer these as real cash returns without any wagering requirements.
If you are not content with the policy of wagering requirements, you could always renounce the bonus; however, most experts don’t really suggest it. Even though the practice of wagering requirements constraints the player, a casino bonus will increase your bankroll by two or three fold. This gives you plenty of time and opportunity to play your favorite slots or jackpot games. Once you have started to enjoy the casino games, you will never know when you have met the wagering requirements and are eligible to make a withdrawal.
Are Wagering Requirements Worth It?
Most players wonder if wagering requirements, packed up with their set of rules, are worth their attention. Should they leave the bonuses alone and play with the deposited amount? Well, that’s completely your choice; however, professionals tend to believe that casino bonuses are worth it as they offer players the chance to play a wide range of games
The Future of Wagering Requirements
Online casinos always come up with creative ways in which to attract new players to their website; that’s why new trends in bonus offers come up every now and then. Therefore it will be of no surprise if online casinos add some other features or rules to wagering requirements.
Whatever new changes are made to online casinos terms and conditions, the enthusiasm to play will only accelerate. The main thing is to just enjoy the adrenaline rush when playing online games and more importantly to win! Oh and don’t forget to limit your cash deposits.
.png)
