Online casinos are popping up almost every day, and each has created something ingenious to attract potential customers. One of the most popular benefits of online casinos is offering cash bonuses to new and existing players. All of these bonuses have usage and withdrawal rules, known as “wagering requirements” or “gambling requirements”. These requirements will be defined as an amount that must be wagered before making a withdrawal of the bonus money or any winnings you have as a result of betting on your bonus. Starting a wagering requirement is the method used by online casinos to ensure that players don’t just accept the bonus money and run. Exactly what exactly are “wagering requirements” and how do they vary from casino to casino?
One of the first things you will find out about wagering requirements is the “number of times” that the value of the bonus money must be wagered before a withdrawal can be made. This number can vary from 9 times the bonus amount to 37 times or more. Each casino has its own number that they have assigned. What this means is that if a casino has a wagering requirement of 9 times the bonus amount, and your bonus is $ 25, then you must place enough bets to equal 9 times $ 25, or $ 225 , before making that withdrawal.
There are also bonuses such as the “Signature Bonus” that have play-through requirements for the bonus pink casino amount plus the qualifying deposit amount. In that case, let’s say you have a 100% login bonus up to £ 150 with a 36-fold wagering requirement. You make an initial deposit of £ 50 into your player account and then sign up for that bonus, offering £ 650 with which you can play. Before you can withdraw with this money or any of the winnings associated with it, you must place bets that total the bonus amount (£ 150) plus the qualifying deposit (£ 150) times 36. This is 300 times 36 or £ 10,800. Remember, this is the amount that must be wagered or made, not the amount that will be deposited into your account.
Analyzing the “number” wagering requirement should not be your only consideration when making a decision on which live casino offers the best cash bonus. You will need to be aware of other factors before deciding to accept any cash bonuses, such as which games qualify to meet play-through requirements and which are exempt. There are many online casinos that pride themselves on lower wagering requirements, however, very few wagering bets do qualify to meet your needs. In addition, some casinos allow betting on games such as live dealer blackjack or live dealer roulette for requirements, but at a reduced rate. For example, for each £ 10 bet placed on live dealer blackjack, only £ 5 is applied to the play-through requirement; likewise, when playing live dealer roulette, only even money bets such as red / black or even / odd will apply.
Be sure to delve into the terms and conditions of the wagering requirements before accepting any cash bonuses. You don’t want surprises when you make a withdrawal. Remember that you will need knowledge and luck to really enjoy playing at any casino, so arm yourself with as much knowledge as possible and let “Lady Luck” do what he wants! And don’t forget to always have fun! Good luck to you!