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Founded Date June 7, 1911
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Unpacking Casino Wagering Requirements
The Most Misunderstood Casino Term
Imagine you’ve accepted a generous welcome offer that gives you extra funds to play with. But when you try to withdraw your winnings, you find that you can’t. The reason for this is typically the wagering requirement, a standard rule for most casino promotions.
What is a Wagering Requirement?
A wagering requirement, also known as a playthrough or turnover requirement, is a multiplier that represents the number of times you must play through a bonus before you are able to withdraw any winnings associated with it.
Here’s a simple example:
- You get a $50 bonus on a $50 deposit.
- The playthrough condition is set at 30 times the bonus.
- The math is: $50 multiplied by 30, which equals $1,500.
This means you must place a total of $1,500 in bets before the original $50 bonus and any winnings from it are moved to your cash balance and become available for withdrawal.
Key Details in the T&Cs
Not all wagering requirements are created equal.
Factor | Why It’s Important |
---|---|
Bonus vs. Bonus + Deposit | Always check if the multiplier applies just to the bonus or to the combined total of your deposit and bonus. A 20x requirement on (bonus + deposit) is equivalent to a 40x requirement on the bonus alone. |
Game Contributions | Check the game contribution chart. If you bet $10 on a game that contributes 10%, only $1 will count towards your wagering. |
Expiration Dates | Be aware of the time limit. If you don’t complete the wagering in time, you will lose everything connected to the bonus. |
Max Bet Rules | Placing a bet larger than the allowed maximum can result in the casino confiscating your bonus and any winnings. |
Are Bonuses Still Worth It?
Even with these rules, casino promotions can provide a significant advantage. The extra funds can enhance your entertainment and potential for casino winning. This allows you to identify promotions with reasonable conditions and maximize their value.