Wagering requirements are crucial to playing at casinos online and indeed sometimes even offline. When it comes to playing online however, it is an often-overlooked topic, which ironically, actually affects playing online. This guide will help you understand what a wagering requirement is, what to look for in the terms and conditions so you fully understand the bonus offer, and tips on how to make the casino bonus work in your favour.

All In Wagering

1. Wagering Requirements – Casino play-through explained The free bonus every player receives at every online casino is one of the best tools for those gambling websites to compete with each other. And no need to say that the players love them. And what’s not to love – free money just for choosing a casino?
2. Understanding online casinos and legislation is about being willing and able to do the work to understand each and every aspect of it, depending where in the world what happens to be and where they want to engage in online gambling, if that is what they choose to do.

Nyra Rewards Online Wagering

Advance Deposit Wagering Explained. It is most usually specifically applied to off-track betting on horse racing and greyhounds, but it can be used for casino wagering too.

Ultimately, it is important that you have a firm grasp on wagering requirements and commitments before starting any game or placing any bets with any online casino provider or betting company. Understanding what they are and how they work though, can get you on track to playing efficiently, able to release your earnings accordingly and will also help you fully understandcasino bonuses onlineand how they work.

What is a Wagering Requirement?

A wagering requirement is the amount of times you have to play a game with your bonus money before being allowing to withdraw your bonus. For example, many online casinos offerwelcome bonusesorfree spin bonusesas an introductory offer.

Almost all casino bonuses will have wagering requirements attached to the terms and conditions. However many players will only see the big flashing lights of the bonus amount and free spins bonus and think that if they win they can withdraw their money and happy days! Unfortunately, this is not the case and therefore, reading and understanding the terms and conditions and understanding the specific wagering requirements is really important.

The definition of a wagering requirement may still not make sense, so an example should help clear that up. Additionally, by doing proper research into each online casino you play with, you should get a better grasp of these requirements and their very concept.

If we look at a simple example, you sign up to Casimba and deposit £20 of your own money, Casimba will give you a further £40 bonus as they offer a 200% match bonus (so £20 + 200% bonus = £40).

Now you have a total of £60 to play with, can you withdraw this and make the easiest £40 profit ever? No, unfortunately you can’t, but you probably assumed this anyway because it would have sounded too good to be true if you could have done that in the first place when you signed up and started playing.

So, let’s look at a more reasonable example sticking with Casimba’s offer. If you played 1 hand of Blackjack and won £50, you now have a balance of £110. You may think that because you have now played you should be able to withdraw this money and spend it on a nice fancy dinner or other wonderful luxury. Unfortunately, you still cannot withdraw your balance of £110.

Using the above the example, we’ve explained so far that you cannot withdraw your winnings yet. This is now the part where we need to know Casimba’s specific wagering requirements to determine when you can actually withdraw your winnings.

At Top Casino Bonus we have listed all the wagering requirements for each casino you can play with, so you don’t have to browse to each online casino to find out that information before playing; we’ve got it all for you. You can clearly see that Casimba’s wagering requirement is 35x, but what that does that actually mean?

A 35x wagering requirement means you have to ‘wager’ (another word for bet) 35 times the amount you received on the bonus. But the terms and conditions also state that you need to add your initial deposit to that amount.

So, the calculation becomes:

35 x (£40 bonus received + £20 deposited) = £2,100

This means you need to bet a total of £2,100 to be able to withdraw the £40 bonus you received. So far you have placed 1 bet of £50 on a Blackjack table, so you still need to bet £2,050 more to be able to withdraw that £40 free bonus you received.

However, let’s not get too hung up on whether betting a total of £2100 is worth it to get £40 free because now we can look at just forgetting all this and withdrawing your cash winning.

Let’s go back to when you played a hand of Blackjack and won £50, surely you can just withdraw that right? The good news is yes of course you can withdraw that. Let’s review the balance again:

If you decide to withdraw your winnings at this stage you would simply exclude the Casimba Bonus of £40, leaving you with £70 to withdraw. What this also does is it means you forfeit that £40 bonus so that goes back to Casimba.

Having established from our Casimba bonus offer example that you need to wager £2,100 before you can withdraw the £40 bonus, what game you play makes a big difference to getting to this total of £2,100.

Here’s the summary of the games and their typical wagering contributions.

So, if you wagered £2,100 on slots, because it has requirements of 100% contributions, that means you will need to meet the wagering requirement to be able to withdraw the £40 bonus.

If you wagered £2,100 on Roulette (a table game), because it has 25% contribution requirements, that means that only £525 (25% of the £2,100) has gone towards your wagering requirements. You would actually have to wager £8,400 (25% of £8,400 = £2,100) on Roulette to meet the wagering requirements in order to be able to withdraw the £40 bonus.

Now can you see why understanding the wagering contribution requirements is so important. It doesn’t make a lot of sense to go after that £40 you’ve been given as a bonus if it means you have to bet a total of £8,400 on a table game like roulette, so in a case like that, you’re probably better off playing slots.

The reason why online casinos have a wagering requirement is to stop you running away with money they have given you. Also, many people playing online, utilising bonuses and free introductory offers, may no necessarily be inclined to play beyond these bonuses if they could just withdraw as and when they want immediately. Wagering requirements and contributions ensure things remain fair for both the player and the casino.

If we go back to our example where you won £50 at a single hand of Blackjack, Casimba would be out of pocket by £50 because you won which is perfectly acceptable. However, they are also out of pocket by a further £40 because of the bonus they gave you.

Unfortunately, online casinos cannot afford to operate and provide you with their services if they allowed the bonus to be withdrawn that easily for all players, no matter how much they deposit or wager. If you want that free bonus offer the online casino have generously given you, you have to play and earn it. Also, by playing more, although there is the chance you could lose your wager, you also stand thechance of winning huge jackpots.

Another reason for wagering requirements is to counter money laundering. Without any checks and balances, online casinos can offer a huge bonus, with designated players deliberately signing up and withdrawing the bonus money, thus creating a mechanism to move money from one pocket into another. This is why gambling commissions around the world want to ensure that wagering requirements exist.

The simple answer is no. Wagering requirements are designed to protect the casino from haemorrhaging money in bonus giveaways and also to make sure that all casino games played are as fair as possible.

The best way to utilise the casino bonus is to play slot-based games with 100% wagering contributions and keep your money in the casino account to build up your winnings over a longer period of time.

If you don’t need to withdraw the money, leave it in the account and you never know, 3 months or 6 months down the line you may find you’ve actually met the wagering requirements without even realising because you’ve been too busy having fun and winning! Then you can withdraw and cash out the bonus money too.

As the iGaming industry is a highly competitive sector. The online casinos often offer various lucrative cash bonuses and promotions in an attempt to attract new players and retain the existing players. These promotion offers most often come with bonus wagering requirements. Which players need to complete in order to be able to withdraw any possible winnings made from the the bonus amount.

The online casino bonus offers and rewards are great as they can provide players with extended gameplay. Ultimately making for more fun and excitement. Here’s an article that details everything you need to know about casino bonus wagering requirements.

What Are Bonus Wagering Requirements?

Most online casino bonuses usually come with a wagering requirement attached to them. Put simply, a bonus wagering requirement is the number of times a player must play through a bonus before being able to withdraw the bonus amount or winnings made from the bonus amount.

When you register for an account at an online casino and receive bonus money, you’re usually asked to fulfill the wagering requirement before being able to make a withdrawal. If you’re unable to complete the wagering requirements, you’ll not be able to cash out your bonus money.

How Do Bonus Wagering Requirements Work?

Online casinos usually place two types of wagering requirements on bonus money:

Online Casino Wagering Explained

• A typical amount on the bonus you get
• A typical amount on the initial deposit and the bonus you get

Let’s say a casino offers you a 100% match bonus of up to Rs 2,000. Which comes with a wagering requirement of 25x. Therefore, when you register for an account and make a deposit of Rs 2,000. You will get another Rs 2,000 in the form of bonus money.

That way, players need to wager a total of 25 X 2000 = Rs 50,000 before you’re able to cash out your winnings.

As for the second case, the total amount you need to wager would be (2000 + 2000 = Rs 4,000). So, in order to meet the wagering requirement, you need to wager 25 X 4000 = Rs 100,000 before you’re able to withdraw your winnings. Here, the bonus wagering requirement is doubled and equals 50x wagering requirement on a Rs 2,000 deposit.

What’s The Time Limit to Fulfil The Wagering Requirements?

It’s important to note that bonus wagering requirements often come with a time limit. So, you need to fulfill them within the given time limit to be able to withdraw your bonus amount. Most online casinos require you to meet the wagering requirements within a time span of 30, 60 or 90 days. Here’s an example to make this more concrete:

Let’s say you get a 100% match casino bonus of Rs 1,000 that comes with a 25x wagering requirement which you need to complete within a time span of 30 days. So, you make a deposit of Rs 1,000 and receive Rs 1,000 from the casino in the form of bonus cash. Before you’re able to withdraw the bonus amount, you need to wager 25 X 1000 = Rs 25,000 within a period of 30 days to avoid the cancellation of the bonus amount.

So, before claiming an online casino bonus, it’s important to take a look at the fine print. Because it will help you in knowing the time limit to complete the bonus turnover and wagering requirement.

Do All Casino and Slot Games Contribute The Same to Wagering Requirements?

This is one of the most important things that’s often overlooked by many casino players. Remember that not all casino games contribute the same to wagering requirements. Playing standard slot games will often contribute 100% towards the wagering requirements. While casino live table games often contribute a much lower percentage ranging between 50% to 10%. And there are even some games that contribute nothing towards the wagering requirements. These are however rare, and clearly mentioned in the bonus rules. So as long as you read the offer terms, you need not wonder.

So, before claiming a casino bonus, take a look at the casino’s terms and conditions. As it will help you to get acquainted with how much your chosen casino game will contribute towards the wagering requirements.

Why are Bonus Wagering Requirements Used?

Now that you know how online casino wagering requirements work, you might be wondering why they exist in the first place. In simplest terms, online casino wagering requirements are in place to prevent casino players from taking unfair advantage of the bonuses and promotions on offer. Simply put, online casinos wouldn’t be around if they were handing out free cash money to all their casino players.

As much as online casinos want to offer the best services to their customers, they also want to retain their players. Casino bonus terms and conditions like wagering requirements ensure that players don’t just sign up at the casino, claim the bonus amount and walk away. Without ever even playing a single casino game.

Conclusion

Online casino sites apply bonus wagering requirements to their bonuses and promotions to ensure that they’re financially secure. Although the amount you need to wager to release the bonus amount varies from casino to casino. Wagering requirements between 20x and 30x are usually considered good by most casino players. As a casino player, just make sure to take a look at the terms and conditions of the bonus beforehand. This is to avoid any possible surprises in the middle of the action.

If you’re unable to understand the bonus wagering requirements completely. You can always get in touch with the online casino’s customer support representative via one of the available support options. Most casinos have 24/7 customer support in place. Meaning you’ll get an instant answer to all your bonus wagering requirements related queries. We can also tip you to check your My Account page. Often we find information of the bonus and how much of the bonus amount is left to turn over from our dedicated account pages.

Last Updated on February 17, 2021