Wagering Requirements indicate how many times you need to bet the bonus amount before you can withdraw any winnings. For example, a $50 bonus with a 20x wagering requirement means you must wager a total of $1,000 before withdrawing.
How It Works:
The wagering requirement is typically expressed as a multiple of the bonus. For instance:
$50 bonus x 20x wagering = $1,000
This means you need to place bets totaling $1,000 before you can withdraw any bonus winnings.
Wagering and Games:
Wagering refers to the total amount you need to bet. For example, if you bet $50 on a slot game, it counts towards your wagering total.
Some games contribute differently toward the requirement, with slots usually counting 100%, while table games like blackjack may count less.
Why Wagering Requirements?
Wagering ensures that bonuses are used for actual gameplay rather than being cashed out immediately. It also helps prevent abuse of the bonus system and ensures fairness for all players.
Additional Considerations:
Time Limits: There’s often a time frame (e.g., 7 days or 30 days) to meet the wagering requirement. Failing to meet it within the time limit could result in losing the bonus.
Betting Limits: Some platforms impose limits on how much you can bet while fulfilling the wagering requirement.
Eligible Games: Not all games contribute equally. Slots often count 100%, but other games like blackjack may count less or not at all.