When playing casino games, you bankroll is what determines how long you play. Luckily, online casinos have figured out ways to keep you playing for longer by offering bonus money. What’s more, any winnings you get from using this money are yours to keep. And you can withdraw them, too, provided you meet what are known as wagering requirements.
What is a wagering requirement?
Simply put, a wagering requirement is the number of times you need to play the bonus money or bonus money plus deposit money before you can cash out any winnings from it. The wagering requirement is represented by a multiplier, such as 10x, 20x or 40x.
The most common type of casino bonus is a Deposit Match Bonus. This is a promotional offer – it comes as a welcome bonus or special bonus for particular days or events – where the casino agrees to match the amount the player has deposited by a certain percentage. For instance, if a casino is offering a 100% Deposit Match Bonus, it means for every £100 deposited, the casino will bankroll them with an additional £100.
The money doesn’t go straight into your main casino account, but a pending account. The money can be used to play, but it cannot be withdrawn until the wagering requirements are met – the winnings obtained with bonus money also go into the pending account.
What are the normal wagering requirements?
Picking up from our example in the previous section, the casino might give you a 30x wagering requirement on the £100 before the funds can be moved to your main casino wallet. What this means is that you need to bet 30 times the bonus money, which translates to £3,000 (£100 x 3).
Sometimes, you can get the same bonus money, but the requirement can be slightly different. They might give you a 15x + deposit bonus wagering requirement. This means you would have to bet your deposit plus the bonus money 15 times. This will also equal to £3,000 ((£100 + £100) x 15).
Also, as part of the wagering requirements, there might be some game restrictions. So if the deposit bonus you acquired is meant for slot machines, it means any bet placed on table games will not count towards fulfilling the wagering requirements.
Why have casinos placed wagering requirements on bonus money?
It is imperative to know that bonus money is just the casino being generous – they aren’t obligated to provide it. Their aim is to attract new players or keep their current player base playing for longer. It would be unwise if the players could just withdraw the money any way they want because that would mean the casino would eventually make a loss.
Bonus money is a great and generous concept, with the casino using its own money to bankroll your play session. But before you can enjoy the winnings from the money, you have to meet the wagering requirements. Be sure to visit your operator’s website and read the terms and conditions regarding bonus money.