By Sally Giles.
Anyone who regularly plays online casino games has heard about wagering requirements. These requirements are usually tied to the different bonuses you get when you register for a casino account, make a deposit, or start playing casino games. Wagering requirements can be confusing, especially for new players. Below, we will look at what they are and how they impact you as a casino games player.
What are Wagering Requirements?
Casinos offer various bonuses meant to entice players to sign up and play their games. However, they do not want people to sign up, take the bonus, withdraw it, and then disappear without playing, making a deposit or meeting certain requirements.
A wagering requirement is how much or how many times you have to bet or play using the deposit before you can withdraw your winnings or money from your account. It helps keep things fair for the casino while also ensuring the casino makes money.
Different Wager Requirement Levels
In terms of wagering requirements, bonuses are typically divided into three levels. The first is wager-free, no wager or non-sticky bonuses. These bonuses do not have any wagering requirements and are very hard to find. These bonuses are typically something you cannot withdraw directly, such as free spins.
The second level is low wager casino bonuses. These have a wagering requirement of 20x and lower. This means you have to play up to 20 rounds, spins or games using the bonus before you can withdraw from your account. A low wager casino bonus provides a much better return because the lower requirements reduce the risk of using up all your bonus before withdrawing.
On the higher end, we have the third level which is high wager casino bonuses. These bonuses have a high wagering requirement, typically 60x and above. Although these bonuses are often bigger, the huge wagering requirements make them a less-than-ideal option. However, this is the option that many casinos offer so you will encounter it a lot.
How Wagering Requirements Affect Different Bonuses
Free spins are common in casinos that offer slot games and some skill-based games. You need to wager an amount that is several times your winnings before you can withdraw. For example, winning £10 with a wagering requirement of 20X means you have to wager £200 (£10×20) before you can withdraw.
Matching bonus wagering requirements work similarly to those of free spins. If a casino has a 100% match with a deposit of £10, you will get £10 in bonuses. You then have to wager this amount 20 times, in cases where this is the wagering requirement, before you can withdraw.
Reading the fine print for free spin and matching deposit bonuses is crucial because some casinos calculate the wagering amount using the sum of the deposit and the deposit you made. In the cases above, the wagering amount would be £20 x 20. No-deposit bonuses also work the same way as the two discussed above.
Casino bonuses are a fantastic way to enjoy some casino games using the casino’s money. However, you need to be aware of the wagering requirements and read the fine print to ensure you understand how to access the bonus and any potential winnings.
ABOUT THE AUTHOR: Sally Giles ran her own successful importing business for many years. She’s now living the dream as a freelance writer, walking her dogs through the forest most days.