How Do Wagering Requirements Work?
A wagering requirement is the number of times players must wager their bonus before they’re able to withdraw any bonus money, or any winnings made from that bonus. Whether players win or lose these wagers is irrelevant when it comes to fulfilling the wagering requirements – all that matters is that they’re wagered until the total amount is met.
Wagering Requirement Examples
Let’s say you sign up for an online casino that offers a bonus of 100% up to €100 on your first deposit. This means that, by depositing €100, you’ll get another €100 from the casino as a bonus. But there’s a 30x wagering requirement applied to the bonus, which means you’ll have to wager a total of €3,000 (30 x 100) before you can make a withdrawal request.
Wagering requirements will similarly apply to winnings generated by using free spins bonuses on the slots.
Typical wagering requirements are somewhere between 25-40x the value of the bonus, but this will depend entirely on the quality of the bonus and the generosity of the casino. In some instances, wagering requirements will apply to both the value of the bonus plus the amount of the deposit, meaning players will encounter much steeper rates.
Low wagering bonuses will have requirements that sit in that sweet spot below 25 – the lower the wagering requirement, the better the bonus.
If we continue with the above example of 100% up to €100 on an initial deposit, we can see how low and high wagering requirements compare. A bonus of this kind with a 40x wagering requirement would mean a total of €4,000 would need to be wagered; by contrast, a friendlier condition of 20x wagering would require a total of €2,000.
This illustrates just how pivotal wagering requirements are to the overall quality of a casino bonus, and why casino players need to be mindful of them if they’re interested in withdrawing any bonus-associated winnings.
Other Wagering Considerations
There are other conditions to bear in mind. For example, if there’s a time limit, players will need to meet the wagering requirements before the time runs out – depending on the casino, this could be a matter of days or weeks.
Additionally, not all wagers on casino games will equally contribute to the requirements. As a general rule, any wagers made on the slots will often contribute 100% towards the requirements, but wagering on other games such as roulette or blackjack may only contribute a small amount, or sometimes even nothing at all.
For example, if the online casino has stipulated that blackjack contributes 10% towards the wagering requirement, a €100 wager on blackjack will only contribute €10 towards the requirements.
This is why savvy players will want to look out for low wagering casino sites which make it easier to capitalise on any cash you win with a bonus.