When it comes to online casinos and their bonuses, one term that seems to confuse players is “wagering requirements”. These requirements are a set of rules that online casinos use to ensure that players use their bonuses in the way they were intended. In this article, we will demystify wagering requirements and help you understand them better.
What are Wagering Requirements?
Wagering requirements are conditions that online casinos attach to their bonuses. They are the number of times that a player must bet the bonus amount before they can withdraw any winnings. For instance, if a casino offers a $100 bonus with a 10x wagering requirement, you must bet $1000 before you can withdraw any winnings.
The wagering requirement is usually represented as a multiplier, such as 10x, 20x, or 30x. It means you must bet the bonus amount that many times before you can withdraw any winnings. The wagering requirement varies from one casino to the other and can range from 10x to 50x or even more.
Why Do Online Casinos Have Wagering Requirements?
Online casinos have wagering requirements to protect themselves from bonus abuse. Without these requirements, players could easily claim bonuses and then withdraw them without ever playing any games. This would lead to the casino losing money and eventually going out of business.
Wagering requirements ensure that players use their bonuses to play games and have a chance to win real money. They also help to keep the playing field level for all players, as players cannot simply claim bonuses and then withdraw them without any risk.
How Do Wagering Requirements Work?
Wagering requirements work by requiring players to bet the bonus amount a certain number of times before they can withdraw any winnings. For example, if a player receives a $100 bonus with a 20x wagering requirement, they must bet $2000 before they can withdraw any winnings.
It is important to note that different games contribute differently to the wagering requirement. For instance, slots may contribute 100% towards the requirement, while table games may only contribute 10% or less. This means that if you play table games with a wagering requirement of 20x, you may have to bet $20,000 instead of $2000 to meet the requirement.
Wagering requirements may seem confusing at first, but they are an essential part of online casino bonuses. They protect online casinos from bonus abuse and ensure that players use their bonuses to play games and have a chance to win real money. Understanding wagering requirements is important if you want to make the most of your online casino experience.
