Online Casino Wagering Requirements Explained: Why They Matter
When you gamble at online casinos, among the many things you will encounter are wagering requirements. Often attached to the variety of bonuses that an online casino offers to its players, it’s important to understand that they matter immensely when taking advantage of any bonus offer.
Unless they are complied with and their conditions fulfilled, players may not be able to take full advantage of the bonus or even withdraw it and any winnings connected to it later on. In online gambling, you’d be hard-pressed to find any promotion or bonus offer that doesn’t have wagering requirements attached to it.
If you wish to profit off of a bonus offer or withdraw cash from that same offer, you need to meet these requirements first. Different online casinos offer different wagering requirements for the variety of games they have on offer. Understanding the details involved is essential to allow you to truly maximize your bonus.
Perhaps the most common promotions that players can get online are free spins. Even these offers do not escape wagering requirements.
Only a few casinos will choose not to attach any conditions to this offer so there’s a very good chance that you will be required to meet certain conditions first if you are to qualify for this offer.
Most of the time, you’ll be asked to wager the specific amount of every spin for a certain number of times before you can cash out any winnings. If you received an offer for free spins with every spin worth $5 each and you were tasked with a 20x wagering requirement, then you will need to wager a total of $100 before cash out is allowed.
The same setup can be expected for money bonuses. It’s crucial to pay attention to wagering requirements though as there are casinos that may set it at 35x or even higher. Naturally, the amount that you have received can have a massive effect on how much the total wager you have to make. So, if you are ever offered a rather hefty bonus figure, it is best to check what the wagering requirement is first to see if it is even something you can comply with.
There’s also the fact that some casinos will make it harder for players to fulfill the wagering requirements by setting a time limit. This means that if they fail to meet the wagering amount on time, the bonus offer and any winning derived from it are going to be forfeited. Reading the fine print before celebrating that you got offered a rather attractive bonus amount is always essential to avoid getting stuck with a wagering requirement you can’t even meet.
Understand that different games in a single online casino may have different wagering requirements too. In addition, the games you will be allowed to make wagers on that will be counted to the wagering requirement may also be limited. This is also another important consideration since some casinos might only allow you to play games that you have never even played before.
This could lead to you spending tons of money over games that you likely will only end up losing anyway. While it’s quite understandable that online casinos put these requirements up in a bid to protect their interests against players that are just keen on scooping up free money and then disappearing, it can put a damper on your excitement over a free money offer.
Still, as long as you are confident that you can meet the requirements in time, then accepting the bonus offer shouldn’t be a problem.