Wagering requirements are undoubtedly the most common type of term you’ll see attached to casino bonuses, and it’s actually really important that you have a good understanding of how wagering requirements work and how they impact the bonuses you choose to claim.
In short, wagering requirements dictate the number of times that you need to play through a bonus before the bonus funds are converted to real, withdrawable cash. For example, if you claim a ?10 welcome bonus that has wagering requirements of 30X, you’d need to wager the bonus a total of 30 times before the funds are converted into money which you can actually withdraw.
While wagering requirements are relatively straightforward, you should also be aware that certain games contribute to the wagering requirements in different ways. For example, most video slots contribute 100% towards the wagering requirements; this means that for every ?1 you spend on the slots, ?1 will be knocked off the wagering requirements.
Playing Blackjack, for example, you may find that each ?1 you spend only contributes, say, 10% towards the wagering requirements – and this is because these games have a much higher return to player percentages and are, generally speaking, seen as ‘easier to win on by players.
We should also point out that some games don’t contribute towards the wagering requirements at all. For example, progressive jackpot games generally don’t – although many online casinos simply don’t allow you to even play these games using bonus funds – so this is something you should always try to be aware of.
While wagering requirements are easier to understand than they were in the past, you should make sure you understand them. If you have questions – feel free to reach out to the casino’s customer support team, who’ll be happy to answer any questions or queries you may have.
Almost all casino bonuses have what’s known as a time frame or time limit in which the wagering requirements and other terms and conditions must be completed. If the wagering requirements aren’t done by the time this time frame is up, then any bonus funds still in your account will be forfeited.
Thankfully, the vast majority of online casinos give you plenty of time to complete the wagering requirements, and it’s common to see bonuses active for as long as 30 days! The worst-case scenario, we’ve found, is usually 7 days – but some sites may have shorter time limits, so again, it’s always well-worth checking beforehand so you know exactly how long you have to complete the wagering requirements.
Many casino bonuses – especially no-deposit bonuses and matched deposit bonuses – have a minimum deposit limit, and this simply means the minimum amount of money you need to fund your online casino account in order to be eligible https://casinosreview.ca/bonuses/300-bonus/ to claim the bonus.
How big (or small) the minimum deposit varies quite a bit depending on which type of bonus you choose to claim. For example, it’s not uncommon for free spins bonuses to have a relatively low minimum deposit – say ?5 or ?10 – while matched deposit bonuses often have a slightly higher minimum deposit of, maybe, ?20.
High roller bonuses also typically have a much higher minimum deposit, and, depending on the type of welcome bonus you choose to claim, you ount is as much as ?500.
Thankfully it’s easy to find what the minimum deposit amount is for a specific bonus you’re looking to claim, and like everything else on this list, you’ll be able to find the information on the bonus’ terms and conditions page.