What Are Wagering Requirements? All You Need To Know
Bonuses in online bingo and casino are found at practically every site. They’re what’s used to entice customers in and allow players to essentially try before they buy.
Whether it be a bingo game or online slots there are ample bonuses and promotions you can play with, especially new customers, but what they will all come with is wagering requirements.
Wagering requirements can often catch people out who don’t read the terms and conditions of an offer carefully and they are important to know. If you want to make the most of your offer anyway.
But what are wagering requirements and how do they work?
What Are Wagering Requirements?
Wagering requirements are a set type of requirements that are written into the terms and conditions of a promotions which players must adhere to in order to claim any winnings they made from the bonus.
The wagering requirement is essentially the number of times in which you must play the bonus before you can withdraw winnings in cash.
This is the main requirement, although you will also find a series of other requirements commonly attached to your offer, all associated with the wager and offer.
The Most Common Wagering Requirements
Among the most common wagering requirements when it comes to bingo and slot bonuses are:
- Rewagering Requirements: As noted above, this is the set number of times you must wager your bonus before you can withdraw winnings.
- Minimum Deposit: In order to receive your bonus in the first place, you may be required to make a minimum deposit and play that deposit on a game before you receive your bonus.
- Time Limits: Alongside any rewagering requirements, you will also need to complete this within a certain time frame or your winnings will be declared void. This is often seven days but check the terms and conditions of any over to discover this.
- Playing Particular Odds: In online casino games in particular, you may be required to place qualifying bets and rewagering bets on minimum odds or higher.
How To Calculate Rewagering Requirements
If you are going to play an offer which has wagering requirements that you are needing to complete, then it’s important you understand how to calculate them, just so you know how much you will need to play with before you can withdraw.
For example, if you were to receive a casino bonus of £60 and the terms and conditions stated the wagering requirements was x5, this would mean you need to wager £300 before you can make a withdrawal.
This would usually be within a certain timescale as mentioned, so do ensure you rewager the sum within that time or your winnings will be removed from your account.
Where To Discover Wagering Requirements
It is important you always check the wagering requirements on an offer and they can usually be discovered in the terms and conditions on an offer which should be clearly signposted.
Alongside wagering requirements, you’ll also come across a number of other terms which you should be aware of, such as information on deposit methods as well as the particular games you can play and factors such as territory and time limits on even claiming the offer.