Wagering Requirements 101
Learn about online casinos’ wagering requirements!
Highly reputable online casinos offer what is perceived to be free money to new players. This is known as a welcome bonus or sign-up bonus. If a new player signs up and starts gambling, the casino rewards them with a bonus offer. As a result of this, online casinos apply wagering/playthrough requirements. These are used to protect the casino when it offers bonuses to its players. A casino is gifting conditional money to its players. It needs guarantees that players will not simply withdraw bonus funds and depart. This is what wagering requirements are all about.
Wagering: What the Player Should Know
From a player perspective, when assessing a casino for bonuses, it is important to read the fine print. A casino is not likely to publicize its wagering policy openly; it is often at the end of the bonus package in fine print, or in a clickable link. The information is always available however. It is thus the responsibility of the player to look for it.
Once the player has found the wagering policy, it should be weighed up against the bonus offer.
Clarifying the Wagering Requirement
Players need to know this: the wagering number is that which determines the amount of times one must playthrough either the bonus or the bonus and the deposit required by the casino before cashing out. That number is usually developed by the risk management team working on behalf of the casino. Usually, the more attractive the bonus, the higher the wagering requirement will be.
So be sure to read the details carefully to understand what is required in respect of the casino bonus offering. In general, the range is anywhere between 15x to 40x. For example, Microgaming-powered casinos using the Clear Play Bonus System have consistent standards throughout their casinos.
