Wagering requirements specify how much money a player needs to first wager to cashout bonus funds. These requirements are usually expressed as a multiplier.
For instance: 40x the bonus amount. This entails you need to wager 40 times the bonus amount you received in order to withdraw the bonus amount.
Wagering requirements are a common bonus condition that online casinos use in order to foil bonus abuse or bonus exploitation. As far as players are concerned, the wagering requirements are the biggest roadblock between claiming the bonus and actually withdrawing the bonus money.
For cash bonuses, the wagering requirements are applied directly to the amount of bonus cash issued. For free spins, the wagering requirements are applied to winnings stemming
The wagering requirements might be applied only to the bonus amount or free spins winnings, or to both the bonus amount and also the deposit amount. Let’s look at a few examples to better grasp how wgaering requirements work.
Here is an example of how wagering requirements could be applied to and calculated on 200 deposit free spins.
The example below is one where the wagering requirements are applied ONLY to the bonus amount.
Example
Yabby Casino offers a $150 no deposit bonus with a 5x wagering requirement. This means you must play an amount equivalent to 5x times your bonus.
Here’s a calculation that puts this into perspective
$150 bonus x a 5x wagering requirement = $750 to wager.
So, once you’ve played $750, any remaining funds in your bonus balance are converted to real money and transferred to your cash balance. You can now withdraw your bonus winnings.
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The example below is one where the wagering requirements are applied to BOTH the bonus amount and the deposit amount.
Example
Casino Brango offers a $500 match bonus with a 10x wagering requirement and its qualifying deposit.
This means you must play an amount equivalent to 10x the value of your bonus and the deposit you made to claim it.
So, if you deposit $20 to claim this bonus you must wager play $1000 to convert the bonus funds to real money you can withdraw.
Here’s a calculation that puts this into perspective:
- $20 deposit + $100 bonus = $120.
- $120 x a 10x wagering requirement = $1000 to wager.
So, once you’ve played $1000, any remaining funds in your bonus balance are converted to real money and transferred to your cash balance. You can now withdraw your bonus winnings.
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The last example provided below is another scenario of how wagering requirements work for free spins
Example
Casino Extreme offers 250 Free Spins. These Free Spins come with a 5x wagering requirement.
Let’s assume you claim these Free Spins and win $50. This means you must wager $250 to convert the Free Spins winnings to real money you can withdraw.
Here’s a calculation that puts this into perspective:
$50 winnings x a 5x wagering requirement = $250 to wager.
So, once you’ve played $250, any remaining funds in your bonus balance are converted to real money and transferred to your cash balance. You can now withdraw your Free Spins winnings.
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