How to Meet Casino Wagering Requirements
Casino wagering requirements are usually a part of all online casinos promotional offerings. The terms of the playthrough requirements for promos ensure that players can take advantage of promos, but not completely at the cost of the casino. To protect themselves from malicious usage of no deposit, free spins, welcome and match bonus deals, casinos set up requirements that you must meet before you cash out your winnings. Casino wagering requirements go by many names - playthrough, wagering, sometimes even just as bonus terms. Players are always advised to review them before signing up for any promo at online casinos - no matter how reputable the casino is.
What Do Wagering Requirements Look Like
Oftentimes, you'll visit an online casino and see a promo that says "$100 free". Contrary to what casino novices believe, this does not mean they can get the cash and withdraw it instantly. It actually means that the casino has credited their customer account with $100 in promotional money that they are entitled to play with and withdraw once you meet the casino's wagering requirements.
Types of Wagering Requirements
There are many different types of real money casino bonuses including free money bonuses, free spins, match deposit bonuses and cashbacks just to name a few. Each of these bonuses will have accompanying terms and conditions, that basically contain the playthrough requirements.
There are three major groups of bonus requirements:
While very rare, no wager bonuses mean that players needn't fulfill any playthrough requirements to cash out their winnings. They can simply play and cahs out their free money.
The usual form in which you can notice a wagering requirement is "x10, x20 or x100" in some cases. Bonus-only-focused wagering requirements require players to multiply the bonus they received by a certain amount of times, wager the sum, and then are cleared for cashing out. For instance, if you get a $100 bonus at a 10X wagering requirement, you can cash out your winnings after you make bets of at least $1000 (10 x 100).
Bonus + Deposit
These bonuses have the steepest margin for cashing out, but usually come at a fairer sum compared to bonus-only wagering requirements. When a player claims a bonus that includes wagering the bonus plus the deposit, they need to add both sums to calculate the obstacle they need to overcome. For example, if you claim a 100% match bonus up to $100, you basically have $200 for wagering (the deposit of $100, plus the bonus of $100). To clear this bonus at a 10X wagering requirement, you need to wager $2000 (200x10).
Other Important Bonus Terms
In addition to the casino wagering requirements, many gambling establishments offer promotional incentives that will attach a maximum cashout limit to said offer. This means that the casino may only allow a maximum (a specified amount) of winnings which are only attributable to that specific promotion to be withdrawn from your account.
It is really important to always take note of every casino's general terms and conditions (usually found through a link on their home page) as well as any terms and conditions specific to the particular bonus of choice so that you are aware, upfront, of the amount your potential withdrawal could be, should you "hit it big" at the casino.
Lastly, players should always pay attention to the list of allowed games, the expiration times of the bonus as well as all other statements in the bonus terms.
Casino wagering requirements may seem complicated but it's not and they are there for your protection as well as the casino's. All it takes is a little research, attention to detail and enjoy your big win!