One of the most exciting things about online casinos, online bingo sites, and other similar websites is that all new players can claim a guaranteed new player welcome bonus. It’s usually a matching deposit bonus worth up to a certain amount or anywhere from 10 to 200 free spins to try out selected online slot machines, and it can be claimed as soon as your new account has been activated. Wagering requirements are generally attached to bonuses, but what are they?
When you claim an online casino bonus or a bingo website bonus from your smartphone, tablet, laptop, or desktop computer, the bonus generally comes with wagering requirements attached, and you must complete the wagering requirements within a certain amount of time before you are allowed to withdraw any winnings that you’ve made from your bonus money. Wagering requirements are also commonly referred to as roll-over requirements or playthrough requirements, and as a player claiming a bonus, it’s something that you cannot avoid. Let’s take a quick look at how this works. If, for example, you were to sign up to Unibet casinotoday and deposit $/€/£10.00 (or equivalent currency value), you would get a free $/€/£40.00 casino bonus on top of your deposit. The wagering requirement attached to this bonus is worth 50x times the bonus amount. Therefore, you would have to wager the $/€/£40.00 bonus money 50x times (so a total of $/€/£2,000) before you could withdraw any winnings you have made from your bonus money. If wagering/playthrough requirements were not attached to online casino/bingo bonuses, these websites would quickly go out of business because players would simply withdraw their bonus moneyand not spend it at the website. It’s very rare to find a bonus that comes with zero wagering requirements. Most of the time, you will find that bonuses come with wagering requirements worth anywhere from 30x to 70x times the bonus amount. The lower the wagering requirements, the better it is for you as a player.
You can complete the wagering requirements by playing any of the games in the real money mode. However, some games will contribute more per $/€/£1.00 wagered than other games. In other words, ALWAYS carefully read through the bonus terms and conditions to find out which would be the best games to complete your wagering requirements in as little time as possible. That’s the other thing. You generally have to complete the wagering requirements within a certain amount of time, which could be 24 hours, one week, two weeks, or even one month.
Most online slots will contribute 100% towards completing your wagering requirements for every $/€/£1.00 wagered. However, some online slots might be excluded from this and will contribute 0% towards completing them. Games like blackjack and roulette may also only contribute 0% to 10% or 20% towards completing your wagering requirements. In other words, stick to playing the games that contribute 100% towards completing them. It sounds a lot more complicated than it actually is.
Another example of how online casino bonuses and wagering requirements work
You may have just claimed a 100% matching deposit bonus worth up to $/€/£100.00, and the minimum deposit amount required to claim this bonus might be just $/€/£10.00. If you deposit $/€/£10.00, it means that you will get $/€/£10.00 in free bonus money on top of your deposit, which gives you $/€/£20.00 to play with.
You might then have to wager the bonus money 60x times before you can withdraw, which means that you would need to wager $/€/£600 before you can start the withdrawal process. As soon as you have finished completing your wagering requirements, any restrictions that were placed on your account winnings will be lifted, and you’re free to withdraw. Also, don’t forget that you can forfeit your bonus at any time, which means that you would lose your bonus money and be left with your initial deposit.