by Contributing Author
If you’ve ever paid any thought to claim an online casino bonus, you’ll have read up on wagering requirements. If you haven’t done this before, you may be confused about what, exactly, you are getting yourself into. Not learning about wagering requirements can see your withdrawals delayed or cancelled. Don’t worry, though; we’re here to help you understand casino wagering requirements right here.
Casino Wagering Requirements – Explained
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Casino wagering requirements, in short, are a specific set of terms and conditions that state that you must wager any bonus you receive so many times before you can withdraw any winnings. The higher the wagering requirements, the worse the bonus is. Naturally, top casinos will have favourable playthrough rates (another name for wagering requirements), while poorer casinos will not.
Do All Casino Bonuses Have Them?
Also known as rollover requirements, wagering requirements are common in virtually every casino that offers bonuses. You may find one or two offering wager-free bonuses (bonuses without wagering requirements), but this is rare. They are mostly found attached to deposit bonuses, and yes, that means welcome bonuses, too.
Wager Your Bonus Several Times
A typical type of wagering requirement will be that you need to wager your bonus 30x before you can withdraw. This means that if you claim a bonus worth $100, you must wager $3,000 before any winnings you have acquired with this bonus (or at all) can be withdrawn. 30x is a ballpark figure that we find acceptable. Any bonuses with wagering requirements above 40x should be avoided.
Wager You Bonus and Deposit
You need to read the Ts and Cs of bonus offers very carefully. Some don’t say that you must wager your bonus X number of times. Sometimes, the terms are worse – they want you to wager your bonus and deposit total. This means you take your bonus figure and the amount you deposited, add them together and then apply the playthrough rate. As you might imagine, a 100% bonus means double the rate you’d have to spend if the terms were only applied to your bonus figure.
Unmet Wagering Requirements Equals No Withdrawal
There are penalties for not fulfilling wagering requirements. There’s no bad or anything, but you should know that if you don’t fulfil the wagering requirements, you can’t withdraw any winnings you have won with bonus money. In fact, some casinos go as far as to say that you can’t withdraw at all until a bonuses wagering requirements have been met. If you want to avoid them, simply don’t claim bonuses.
Allowing Bonuses to Expire
The other type of penalty you may find is to do with the expiration of bonuses. Alongside the wagering requirements, a bonus will have an expiration date. You must meet the wagering requirements by this date. Failure to do so will see you lose any winnings you have acquired via those bonus funds. However, once a bonus (and its winnings) expires, so do the wagering requirements, meaning anything else you win (if you don’t claim another offer) is withdrawable.
