Casino Bonus Wagering Requirements
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:
- 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.
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