What Is a Wagering Requirement in an Online Casino?
If you are a gambling newbie, you might ask yourself – What is a wagering requirement in an online casino? Quite simply, it is the amount of money you have to wager before you can withdraw your winnings. Many casinos impose these requirements to protect the public from money laundering or criminal activities. While this can be a hassle, these requirements have a valid purpose. Most online casinos count only slot machine wagers when determining the minimum withdrawal amount. However, some casinos may have higher wagering requirements than others.
How do Wagering Requirements Affect Bonuses?
Wagering requirements can be an absolute evil when it comes to bonuses. Casinos offer lucrative deposit bonuses and free spins, but these can’t be converted to cash. As a result, you have to wager these funds several times before they become real money. The best way to meet wagering requirements is to use the bonus money yourself. While it might be tempting to use the bonus money to play your favorite games, it’s best to stick with the casinos that offer the best bonuses.
Remember that these deals often have wagering requirements when looking for online casinos that offer bonuses. Depending on the bonus you choose, these wagering requirements can be as high as 400 times your initial deposit. Nonetheless, it’s worth reading the fine print of every bonus offer to make sure you’ll be able to clear them as fast as possible.
Are Wagering Requirements Always the Same?
In addition to bonuses, wagering requirements also vary from casino to casino. Some casinos require players to meet 50x requirements, while others might only require 30X or less. It’s vital to read the fine print and decide which casino suits your needs. Furthermore, choosing a reliable, easy-to-use, and convenient customer support site is important. What’s more, wagering requirements vary by game, so it’s important to look for a casino that’s transparent in terms of wagering requirements.
While some online casinos advertise a certain wagering requirement, others claim a double-world requirement. This means that you must place two times as many wagers as usual before you can withdraw your winnings. In such cases, you may find a site that offers a large bonus but also has a high wagering requirement. By sifting through the fine print, you’ll be able to identify a good bonus from a bad one.
What Is a Wagering Requirement – Conclusion
In addition to the wagering requirement, some casinos apply it to the deposit amount and bonus money. For example, if you make a PS10 deposit and receive PS20 in bonus money, you’ll have to wager PS30 x 40, which will result in a PS1200 wagering requirement. This is a significant sum to add to the overall amount, so it’s important to check each site’s wagering requirement before you make a deposit.