Online casinos offer bonuses as a way to entice new players and to keep the registered players coming back to play. These bonuses always come with wagering requirements that must be met before you can make any cashout. Any player who is interested in playing for real money at internet casinos has to familiarize themselves with these terms and conditions. You will have to read the wagering requirements before you claim any bonuses, so you understand the terms and conditions.
In our wagering requirements guides, we will explain these terms and conditions and how they work. So, find out about them below.
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Wagering Requirements Explained
As we have mentioned, wagering requirements are the terms and conditions that come with bonuses that are offered at casinos. The requirements are that you will have to wager the claimed bonus many times before you can cash out any winnings. Each bonus has its own wagering requirements.
Here is an example of how the wagering requirements work:
You claim a cash bonus that has a wagering requirement of 30x. This means that you will have to play with the cash bonus 30 times. Once you have met this wagering requirement, you can cash out the winnings you made.
Wagering Requirements Calculator
There is a way that you can calculate the wagering requirements using a formula. The formula gives you an idea of how much you will be your total bet amount.
For example, if you make a deposit of $50 and you have a wagering requirement if 30x, you will use the formula – bonus amount x wagering requirements = total bet.
$50 x 30 = $1500
Some casinos will have a sticky bonus which will require you to wager your bonus and deposit amount before you can claim any winnings. The formula for this bonus is a bit different by the principle is the same.
For example, you will make a deposit of $50, and you receive a bonus of $50 with a 30x wagering requirement. The formula will be a bonus amount + deposit amount x wagering requirement = total bet.
$50 + $50 x 30 = $3000
These may seem like high amounts, but they are fairly easy to meet. However, some casinos will offer unreasonable, wagering requirements. If you don’t want to do the calculations yourself, you can use the wagering requirement calculator online.
How to Meet the Requirements
For you to meet the requirements, there are things that you should note. This will make meeting the wagering requirements easy. The things that you know for you to meet the rules are below:
Terms and Conditions
Wagering requirements are only one part of the terms and conditions of bonuses. There are other terms and conditions that you will have to read. These terms and conditions will let you know what you need to do to meet the requirements. What your minimum deposit is for you to be eligible for the bonus and if there are any deposit methods you should use also. Keep in mind that every casino has its terms and conditions, and they are not all the same.
Play the Right Games
There are casino games that can help you meet the requirements. Usually, the casino will list the casino games in the terms and conditions. The different casino games will contribute a certain percentage to the overall wagering requirements. Always find out which games contribute to the regulations and play them.
Most of the time online slots will count 100%, table games contributing 50% or less. This depends on the kind of bonus that you claim. Other games that also contribute to the requirements include keno and scratch cards.
Casinos with No Playthrough Requirements
There are casino bonuses that do come with no playthrough requirements. However, there are not many casinos that offer these promotions. What’s more, the bonus will be a small amount with some not requiring any deposits.
Playthrough Requirements FAQs
What are the wagering requirements?
Wagering requirements are the terms and conditions that you must meet to be able to withdraw the bonus or winnings you get when using the bonus.
What does a 10x wagering requirement mean?
It means that you will be required to play through the bonus amount 10 times before you can make any withdrawals.
What does the wagering amount mean?
It is a multiplier that signifies the number of times you will have to wager the bonus. Any of the winnings that you make from the bonus will be stored in your balance until the requirements are met.
Can you withdraw bonus bet winnings?
Unfortunately, you can’t withdraw your bet that you placed with the bonus. You can only withdraw the winnings you made from the bonus amount after meeting the playthrough requirements.
Can you withdraw a bonus balance?
You can withdraw the bonus balance any time, but you will forfeit the bonus. There is an option to reverse your request, but it will only be successful if you if do it before it is processed.
Why can’t I withdraw bonus bet winnings?
The only way to withdraw from your bonus bet is to use your bonus and meet the playthrough requirements. You will be able to cash out any winnings you would have made from the bonus.