Wagering requirements refer to an amount of money that must be staked in order for a player to be able to withdraw any winnings earned from bonuses at an online casino.
Most casinos will offer tempting welcome bonuses to entice you to sign up at their site. The amount is often dependent on your first deposit so, for example, if you deposited £10 at a casino with a 200 percent match bonus you will receive £20 in bonus cash added to your account, giving you £30 to play with.
However, casinos are not in the business of handing out free cash, so you won’t be able to simply transfer that money to your bank account. The terms and conditions should tell you how many times you have to stake the bonus amount before you can withdraw the bonus and your winnings from it, which is usually referred to as the wagering requirement or, as it is sometimes known, the playthrough requirement.
If a site has a 20x wagering requirement on the £20 bonus used in the example, you will have to play through £400 before your winnings are released into your cash balance. Some casinos demand you play your initial deposit through as well as the bonus, meaning that a 20x requirement would lead to you spending £600 before you can withdraw any prizes won.
In addition, many casinos will pitch it so that only a percentage of money played on certain games with a lower house edge counts towards your wagering requirement. For example, a casino might offer a 100 percent matched first deposit bonus of up to £150, which must be turned over (in addition to the deposit) 20 times. Every penny you spend on slots and scratchcards will usually go towards that requirement, but sometimes only 25 percent of cash staked on roulette and 20 percent of blackjack wagers might count.
If you deposited £10 at that casino today, you would receive a £10 bonus, meaning you had £20 with which to play. If you just only took part in slots games, you would end up playing through £400 before you could bank your bonus and winnings, with those who stick to blackjack having to spend £2,000 to clear the wagering requirement.
It is important to check the game contribution towards a wagering requirement before you accept a bonus. Similarly, it is worth noting that some sites have a rule whereby, if you play a game with a lower contribution than 100 percent, the rest of your wagering, no matter what game it is on, will only contribute the lower amount to your turnover. You will also need to make sure that the bonus offer is available to players in your jurisdiction, as some casinos may prohibit players in certain countries from receiving bonus money or even signing up to the site.
Wagering requirements also apply to casino bonuses other than welcome bonuses and the term sometimes refers to the amount of money spent in advance of receiving a bonus.
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