Wagering requirements describe how many times the amount of your bonus must be played through before it can be converted to cash.
The number of bonus credits you’ve earned, the amount earned from free spins, or your bonus plus its qualifying deposit are all subject to wagering requirements at casinos -Only applicable to bonuses with match deposits.
Wagering requirements often vary between 30 and 70 times the bonus credits, and the greater the wagering requirement, the more difficult it is to meet.
Here are a few instances of how casinos handle wagering requirements in various ways.
1. Wagering requirements no deposit free spins:
For instance, when you join up at Spin Casino, you will get 100 Free Spins.
Assume you win €50 after using these Free Spins. The sum you’ve won will now be subject to a 50x wagering requirement at Spin Casino:
To change your bonus into actual money, multiply your profits by 50x times the wagering requirement. (€50 * 50x = €2500)
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2. Wager requirements on deposit bonuses
Match deposit bonuses have wagering requirements too. You must be particularly cautious when redeeming a match deposit bonus since casinos apply the requirement for wagering to either your bonus or the entire value of your bonus plus a qualifying deposit.
When the wagering requirement is applied to both the deposit and bonus, it becomes substantially more difficult to meet.
The following is a wagering requirement that applies to your bonus alone:
Royal Vegas Casino offers % bonus up to € with a wagering requirement of x.
Assume you claim the bonus and deposit € – you now have € in your bonus balance and a wagering requirement of x. In other words, you will have to play to convert this bonus to real money.
€ bonus x a x wagering requirement = to wager.
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3. Wagering requirement on the bonus and deposit
Now let’s have a look at the Mega7s Casino match deposit bonus. According to the website, this casino gives a % percent bonus up to $, with a x wagering requirement.
This wagering requirement, on the other hand, applies to both your deposit and bonus. Mega7s Casino for example apply the requirement for wagering as follows if you deposit $ and get a $ bonus:
$ x wagering requirement of x = $ to wager = $ deposit + $ bonus.
As you can see, claiming the Mega7s Casino promotion will need you to bet extra.
To summarize, requirements for wagering that are applied on the bonus and deposit must be avoided.
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