You must play through your bonus several times to convert it to real money you can cash out. this is known as a bonus wagering requirement.
Wagering requirements are usually multiples of the bonus amount, but may also apply of both the bonus and the qualifying deposit. When it comes to free spins, wagering requirements are applied to the sum you win.
Here’s example of a wagering requirement applied to a no deposit bonus:
Example
Casino Brango offers a $250 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:
$250 bonus x a 5x wagering requirement = $1250 to wager.
So, once you’ve played $1250, 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.
And here’s how they’re applied to no deposit 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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When claiming a deposit bonus, the wagering requirement may apply to only your bonus or both your bonus and the deposit you made to claim it. Here’s an example of the latter:
Example
Yabby Casino offers a $5000 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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