Bonus Wagering Requirements

While these bonuses are a great way to start playing quickly, it’s important that gamers read the terms and conditions of the bonus. Online casinos have wagering requirements placed on the bonuses to prevent new players from simply withdrawing money after claiming the reward.Essentially, wagering requirements are a way for the casino to retain their house edge. They can give out free money without taking a huge risk. Often represented by a number, it represents the number of times a member must play through the bonus and initial deposit before they can make a withdrawal. It also prevents players from playing low-risk games and walking away with free money. The wagering requirements are often based on the amount of the bonus. Higher bonuses will have stricter requirements than low ones.

For example, if a player receives a 100% match bonus from their $100 deposit, they’ll have $200 in their account. However, if the bonus has a wagering requirement of 30x the bonus and the deposit, they’ll have to wager at least 30 times the $200 before making a withdrawal. That’s $6000 of bets to make. This is why it’s important to go over the terms before accepting the bonus.