Wagering Requirements for Bonuses at Online Casinos
Receiving all bonuses at online casinos will entail meeting the wagering requirements. You should always make sure that you’ve read the fine print and know what the wagering requirements are before you go ahead and use any of the bonuses offered to you by an online casino.
What is a wagering requirement at online casinos?
Wagering requirements or play through requirements are interchangeable terms which are both typically tied to bonuses that are given by online casinos. In essence, one thing you should definitely keep in mind is that any bonus you receive from an online casino is normally association with a wagering requirement.
Wagering requirements based on deposits at online casinos
Typically, the wagering requirement is a multiple of the casino deposit bonus given and is indicated by a number and an ‘X’, for example: 10X, 30X etc. The total is the amount of money which must be wagered before you can withdraw your winnings from an online casino. This means that if you’ve deposited $ / €100 and the wagering requirement is 30X, you’ll need to make $ / € 3,000 in wagers before you’re able to cash out. This doesn’t mean that you need to have $ / €3,000 as every bet you make, whether you win or lose, will count towards your wagering requirements.
For example, if you’ve played a slots game and have bet $ / €1 on each spin for a total of 10 spins and you manage to win $ / € 8 and lose $ / €2, you would be still contributing $ / €10s to the wagering requirement. In addition, if you continue to play on another game such as roulette or continue to play online slot games and you bet $ / € 1 on each spin for a total of 10 spins and manage to win $ / € 1,000, you’ll be up by $ / € 990 but you’ll still be contributing $ / € 10 towards your wagering requirements. This amount will depend on the casino and the country you’re playing from.
Wagering requirements based on deposits and bonuses at online casinos
Some real money casinos do not only apply their wagering requirements to the amount you receive as a bonus, but also to the amount that you choose deposit. This is known as D (deposit amount) + B (casino deposit bonus amount) wagering. For example, if you deposit $ / € 300 and a bonus of $ / €200, the wagering requirements will be set higher at the casino. Provided that the wagering requirements are D + B, the wagering requirement would be marked as 30 X B, with ‘X’ being the deposit amount and ‘B’ being the bonus amount times 30.
Supposing that you’ve deposited the amount of $ / € 300 and received a bonus of $ / € 200, you’d then have to plus the two amounts and times the total by 30 which would mean that the wagering requirement will then have to be a total of $ / € 15,000. If you’re new to the iGambling scene, you should be aware that most players will not take a bonus of less than a 100% match if the casino states that it has a D + B wagering requirement on it. If a casino offers you an online casino bonus of 20% on a $ / €100 deposit with a wagering requirement of D + B then the requirement would be $ / € 3,600 with the majority of that being the player’s own money. Bear in mind that most casinos have higher wagering requirements on sign up bonuses and no deposit bonuses, since in retrospect these are the ones which are mostly taken advantage of.
Percentages in terms of wagering requirements at online casinos
Keep in mind that some online casino games will contribute different percentages in wagering requirements and not all games count to meeting through these requirements. For example, online slots games may count as 100%, so a bet of $ / €2 would count as $ / € 2 of your wagering requirement.
Roulette may count as 50% so if you make a bet of $ / € 2, you’d only be contributing $ / € 1 towards your wagering requirement. Video poker machine might count as 10% of your wagering requirement, so that would increase your requirement from 30X to 300X which in hindsight would make a massive difference to your wagering requirements. If you receive a $ / € 50 Bonus and play a video poker game which makes a 10% contribution to your wagering requirement would increase from $ / € 1,500 to $ / € 15,000.
Always make sure to read the terms carefully, in order to be able to evaluate which games you can play on to meet the wagering requirements in order to be able to cash out. Some casinos have a condition on the games you choose to play and how you’re allowed to meet the wagering requirements.