Why Do Online Casino Bonuses Have Wagering Requirements Attached To Them?
Posted On: Dec. 3, 2014
If an online casino was to award some kind of bonus without players having to complete any wagering requirements, there would be nothing stopping the player from simply withdrawing the cash at the first opportunity and using the cash in another casino. In other words, if casinos just gave out bonus cash without any wagering requirements, those casinos would go bust pretty quickly.
Online casino bonus wagering requirements are also often known as Playthrough Requirements and you have to complete them within a certain period of time or you could lose the bonus cash that was initially awarded. You generally have one month from the day that you claimed your bonus to complete the wagering requirements. In some online casinos you may only have one week, but in others, you may have up to one year.
Most online casino bonuses come with between a 30x to 50x times wagering requirement and this means that you would need to wager your bonus cash amount between 30x to 50x times. If you deposit $/€/£50 with a 100% matching deposit bonus, the operators would match your deposit and this would give you with a total of $/€/£100 to play with ($/€/£50 deposit + $/€/£50 bonus cash).
If your matching deposit bonus comes with a 40x times wagering requirement, you would have to wager a total of $/€/£2000 ($/€/£50 x 40 wagering requirement) before being able to withdraw. Unfortunately not all players win from these types of casino bonuses, but if you are successful, you could then withdraw any winnings that you have managed to make as soon as you complete your wagering requirements. If you are really lucky, your bonus could have really low wagering requirements ranging from between 10X to 20X times the bonus amount.
Some online casinos will also require you to wager the initial deposit amount as well, but this will be made clear when you read through the bonus terms and conditions. Always make sure that you read through the T’s & C’s and if there is anything that you don’t understand you should contact the support. You can contact the player support at most online casinos by telephone (usually toll-free, depending on where you are based), by email, fax or live chat.
If you head over to sites such as Vegas Palms Casino, Jackpot City Casino, Golden Cherry Casino, River Belle Casino, Club World Casino USA, Bet365 Casino, Virgin Casino, Spin Palace Casino, Rome Casino, All Slots Casino or Platinum Play Casino, you can find some great online casino bonuses with realistic wagering requirements.