Wagering Requirements Explained: Everything You Should Know
Almost every casino you come across online has some sort of reward system where players get to earn cash bonuses and free spins. Usually, these rewards act as bait to attract new punters to sign up and encourage existing ones to keep coming back. Although these incentives can help increase your bankroll, they come with a set of terms and conditions known as wagering requirements.
What Exactly are Wagering Requirements?
A wagering requirement (aka playthrough requirement) is basically the total amount of bonus money a player needs to wager before they can cash out any winnings. Some sites have extremely high wagering, 40 to 60 times, while others have a low requirement, 10 to 35 times. In some very rare cases, some sites even have no wagering requirements. It's in your best interest to try and find bonus offers that have the lowest as they are easier to cash out.
Before you sign up and start playing at any casino site, it is important to understand their wagering requirement. This way you'll be able to steer clear of any form of inconvenience, especially when it comes to withdrawing your winnings.
Think of wagering requirement as a multiplier where you have to bet through your bonus a particular number of times for you to withdraw your winnings. For example, imagine you're given a cash bonus of $20 in an online casino where the playthrough requirement is 10 times. In this case, you will have to spend at least $200 before you can cash out any pending winnings.
It's important to note that stakes on some games may not contribute towards the playthrough requirement. Some games contribute partially, others contribute fully, while others don't contribute at all towards the wagering requirement. Therefore, make sure to check the terms and conditions to find out what games do and don't count.
How Long Does it Take to meet these Requirements?
Usually, casino bonuses are valid for 30 to 90 days from the day of activation. This is enough time for the player to meet the wagering amount needed. Having said that, be sure to check the T&Cs because validity of bonuses may differ from one casino to another.
Is it Possible to Beat Casino Wagering?
This is probably the most asked question as far as online gambling is concerned. Short answer; yes, players can beat casino wagering and the best and easiest way to do it is by playing. Choose your favorite casino game, make sure it is eligible for wagering, and play it on autoplay. It's recommended to use slots as they count towards 100%.
Why is Wagering Important to Casinos?
Casinos show gratitude to players through cash bonuses and free spins. These gifts, however, come with T&Cs to make sure players don't withdraw them immediately and cause huge losses to the casino.