What Are Wagering Requirements?
Wagering requirements come with every online gambling bonus and show the conditions an online casino player must meet, before their winnings can be withdrawn. Once a bonus has been wagered the designated number of times indicated in the terms and conditions, players will then be able to transfer winnings their winning to their banking account. Without wagering requirements, players would simply withdraw their bonus funds immediately, leaving the online gambling site massively out of pocket.
How Do Wagering Requirements Work?
To the uninitiated, wagering requirements can look pretty daunting, but they’re actually really easy to understand. You simply take the wagering requirement and multiply it by the bonus (or the deposit and bonus, in some cases). This then shows how much money you’ll have to bet before you can make a withdrawal.
For example, a 10x wagering requirement for a 100-rupee bonus would mean you have to make 1,000 rupees worth of bets before a withdrawal is possible, while a 4x wagering requirement would require 400 rupees to be wagered. Whilst rare, there are even some 1x wagering requirement bonuses, and this would mean you simply have to wager the bonus one time.
Deposit Bonus Wagering Requirements
Wagering requirements are easiest to understand when they’re attached to deposit bonuses - just multiply the bonus by the wagering amount and you’ve got your total. They’re also used at other bonuses too though, such as free bets. With free bets, the wagering requirement tells you how many times the free bet has to be rolled over. A free bet with no wager will allow you to keep any money you win from the bonus bet.
Free Spins Wagering Requirements
You’ll also find wagering requirements used at casinos offering free spins, and these work slightly differently. Instead of having to wager the free spins a certain number of times, you’ll instead have to wager any money you win from the free spins.
It should be mentioned that not every bet or game will contribute fully towards wagering requirements. For example, slots usually contribute fully, however roulette games don’t. This is because it would be pretty easy to reach the wagering requirements playing roulette, simply by making even money bets. At sportsbooks, you’ll often find that only bets with certain odds will count towards the wagering requirements. Check the terms and conditions before you start spending bonus funds at your chosen casino or sportsbook.
Where to Find Wagering Requirements at Online Casinos?
Wagering requirements aren’t always made completely clear, as it could be argued that gambling sites don’t necessarily want you to see them. If there are wagering requirements though, you’ll almost certainly find them listed within the terms and conditions. While most information in the terms and conditions can be glossed over, please do read them carefully to learn the wagering requirements. It will make everything much easier when you try to withdraw money further down the line.
Are There Wager Free Bonuses?
Wager free bonuses are very rare, but casino players will occasionally find a bonus without any wagering requirements. Even in this case you won’t be able to withdraw the initial bonus though - instead, you’ll only be able to withdraw the money you win from the bonus funds.
Bonuses with no wagering requirements will almost certainly have other terms and conditions attached to them, though. The most important is usually the winnings cap. This tells you the maximum you can win from the bonus.
So, if you win 2,000 rupees and the maximum win is 1,500 rupees, you’ll find yourself forfeiting 500 rupees back to the site. Whilst this can be annoying, gambling sites do need to protect themselves against too many players winning huge sums of money without risking anything.