$/€ Wagering Requirements: What They Are and How to Clear Them
Lina Almans
07 June 2023
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Wagering requirements are the rules that tell you how much you have to gamble with a bonus before you can withdraw any money from it. They apply to both casinos and bookies, and are a way to protect themselves from bonus hunters.
The Formula to Unlock Your Bonus
Wagering requirements are a multiplier, like 25x, 35x, or 50x. Multiply this number by the bonus size to get the total bets you need to make before you can cash out.
(Bonus amount) x (Wagering requirements) = Total Wagers Required
| Bonus Amount | Wagering Requirement | Total Wagers Required |
|---|---|---|
| $150 | 35x | $5,250 |
Why Casinos and Bookies Have Wagering Restrictions
Casinos and bookies are not charities. They offer bonuses to attract and reward players, not to give away free money. Wagering restrictions are a way to protect themselves from bonus abuse.
Bonus Types and Wagering Requirements
| Bonus Type | Wagering Requirements |
|---|---|
| No Deposit Bonus | High, 50x-100x bonus |
| Deposit Welcome Bonus | Low, 5x-50x bonus |
| Free Spins Bonus | On winnings, not spins. 20x-50x winnings |
| Cashback Bonus | Low, 1x-10x bonus |
| Reload Bonus | Low, 20x-50x bonus |
Tips for Navigating Wagering Requirements
- Read the Terms and Conditions: always ensure you read the terms and conditions of every bonus you claim to avoid any misunderstandings when it’s time for you to make a withdrawal.
- Choose Games Wisely: select games that contribute more towards fulfilling the wagering requirements.
- Stick to Your Bankroll: avoid betting more money to fulfill the wagering conditions. Instead, use bonuses to extend your playtime and only wager the amount you can afford to lose.
- Monitor Your Betting History: keep track of your wagering progress to understand how close you are to meeting the requirements. Most top-rated online casinos provide this option in your account settings.
- Consider Opting Out: if you prefer not to deal with wagering requirements, casinos and bookies offer opt-out options for bonuses. This way, you can play only with your deposited funds, free from any restrictions.
Conclusion
As a bettor, understanding the wagering requirements attached to a specific bonus is crucial before claiming it. By following the tips mentioned above, you can navigate these requirements more effectively, making the most of your casino experience and increasing your chances of winning big. Remember, responsible gaming is the key to a rewarding and enjoyable time at the casino.
FAQ
What Are Wagering Requirements?
Wagering requirements are the conditions that you have to meet before you can withdraw your winnings. They are expressed as a multiplier of the bonus amount.
How Do You Calculate Wagering Requirements?
You can figure out wagering requirements by multiplying the bonus amount by the playthrough number. This gives you the total amount you need to wager.
What Happens If I Don’t Meet the Wagering Requirements?
You’ll lose your bonus and winnings if you don’t meet the wagering requirements. Track your progress and time limit in your account or with customer support.
