If you have been browsing online casino promo codes and their related bonuses, you will have seen the terms โwagering requirementโ time and time again. This rule is attached to 99.9% of all casino promotions online. A wagering requirement is the number of times you must play through a bonus amount.
More specifically, you must play before the bonus amount a set number of times before you can cash out winnings you made with the bonus funds. Casino operators or online slot sites use different wagering requirements, so the playthrough commitment will change from casino to casino and even from bonus to bonus.
Letโs imagine you see a welcome bonus offering a 100% deposit match of up to $200. If your first deposit is $200, the casino will match your deposit by 100%, so $200 in bonus funds. For this example bonus, letโs say there is a wagering requirement of 30x. Therefore, youโll need to wager the bonus amount thirty times before withdrawing related winnings.
So, that means you will need to wager 30 x $200, which amounts to $6,000. In other words, you must spend $6,000 before you can cash out any winnings you made with your $200 bonus. That may seem a lot, but you can meet the wagering requirement by depositing, winning games, and reinvesting your winnings.
Of course, in many cases meeting the wagering requirement will mean using a lot of your own deposited cash. Although, if you have big winnings from your $200 bonus, it may be worth meeting the commitment.
It is essential that you know the wagering requirement before you start playing for a bonus. The obvious next question is, what is a good or lousy wagering requirement? Well, in some ways, it depends on your individual budget and how much you can spend on wagering. Even so, some wagering requirements are high, making a bonus hard to achieve.
A wagering requirement over 40x is starting to get high, while anything under 35x is a good deal. More importantly, the wagering requirement must be realistic, giving you a fair chance of making the most of the bonus.