The Most Misunderstood Casino Term
It's exciting to see a big bonus added to your casino account. However, you're blocked from cashing out your balance. This is almost always due to wagering requirements, casino a condition that is attached to nearly every casino bonus.
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.
Consider this scenario:
You deposit $50 and receive a $50 bonus. The playthrough condition is set at 30 times the bonus. The math is: $50 multiplied by 30, which equals $1,500.
Your goal is to reach a total betting volume of $1,500 to fulfill the requirement.
Things to Look Out For
The devil is often in the details when it comes to these conditions.
Consideration Explanation
The Basis of Calculation Some casinos apply the wagering requirement only to the bonus amount, while others apply it to the bonus PLUS your deposit. The second type is much harder to clear.
Game Contributions Check the game contribution chart. If you bet $10 on a game that contributes 10%, only $1 will count towards your wagering.
Time Limits Most bonuses have an expiry date. You must meet the wagering requirement within a specific timeframe (e.g., casino 7, 14, or 30 days) or the bonus and winnings will be forfeited.
Max Bet Rules Always adhere to the max bet rule to avoid losing your promotion.
Should You Claim a Bonus?
Even with these rules, promotions can provide a significant advantage. They give you more playtime, allow you to explore more games, and offer more chances to hit a big win. 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.