The Most Misunderstood Casino Term
You've just claimed a fantastic 100% match bonus at an online casino, doubling your money before you've even placed a bet. But when you try to withdraw your winnings, you find that you can't. The reason for this is typically the wagering requirement, a standard rule for most casino promotions.
What is a Wagering Requirement?
It's a rule set by the casino that obligates you to bet your bonus amount a certain number of times before it's converted to your cash balance.
Here's a simple example:
Your deposit is $50, and the casino matches it with a $50 bonus. The terms state a 30x wager on the bonus. The math is: $50 multiplied by 30, which equals $1,500.
Therefore, you need to make bets totaling $1,500 to unlock your bonus funds and associated profits for cashout.
Key Details in the T&Cs
Not all wagering requirements are created equal.
Factor Why It's Important
Bonus vs. Bonus + Deposit This is a critical distinction that can double the amount you need to wager.
Game Weighting This means if you primarily play table games, clearing a bonus can be extremely difficult.
Expiration Dates Most bonuses have an expiry date. You must meet the wagering requirement within a specific timeframe (e.g., 7, casino 14, or 30 days) or casino the bonus and winnings will be forfeited.
Max Bet Rules Casinos often impose a maximum bet size (e.g., $5) while playing with bonus funds. Exceeding this can void your bonus.
Should You Claim a Bonus?
Despite these conditions, casino bonuses can still offer excellent value. They extend your bankroll, let you try out the casino's library, and increase your opportunities for a large payout. The key is to carefully examine the rules associated with the offer. By doing so, you can find bonuses with fair requirements and make the most of your online casino experience.