What are Wagering Requirements?
Wagering requirements are a common fixture in casino bonus terms and conditions. Essentially, wagering requirements lock withdrawals for your bonus-related winnings until you’ve staked a certain amount of your own cash at the casino.
Let’s say you’ve claimed a 100% up to $100 bonus in full, and your new online casino offers 20x wagering on the bonus. Your casino will calculate the wagering requirements in one of two ways:
1 – Just the bonus: $100 x 20 = $2,000
2 – The bonus and the initial deposit: $200 x 20 = $4,000
As you can see, the way your online casino calculates your wagering requirements can make a huge difference to the amount you need to deposit, so ensure you check the terms and conditions to find out how they do it.
Free spins’ wagering requirements are calculated differently, with the value of your winnings being used to calculate them. For example, you might have won $20 from your 50 free spins at 20x wagering. Your wagering requirements will be $20 x 20, or $400 – once you’ve wagered this much, you’ll be able to withdraw the $20 in winnings.
Bear in mind that game weightings often affect the amount that goes towards your wagering requirements. Slots, for example, typically contribute 100% of your wagers to your wagering requirement tally, while table games may contribute as little as 10%. This is casino-dependent, so be sure to check the bonus T&Cs to find out more.
A time limit will likely be in place, too. Generally speaking, a bonus is valid for 30 days, and your wagering requirements typically need to be completed in the same timeframe.
With all this in mind, wagering requirements are typically quite difficult, or expensive, to clear. That being said, this doesn’t make the bonus worthless, as you can instead view the free funds or spins as a way to get accustomed to a new site and its games without staking any of your own cash.