Bonus Requirements Guide

Have you ever been lured into a seemingly great bonus deal, only to find out you must wager it 50 times over before withdrawing? Fear not, in this article we unravel the mystifying world of bonus requirements.

  • Bonus Requirements
  • Bonus Wager
  • Bonus %

From wagers to game contribution percentages, we’ll provide a comprehensive guide to navigating the sometimes confusing terms and conditions that accompany Bonuses.

With our help, you’ll be able to make informed decisions about which bonuses to claim and how to avoid potential pitfalls. Let’s get started!

Bonus Requirements – defining the term

Before diving into the specifics of bonus requirements, it’s essential to understand what the term wager entails. In the simplest of terms, a wager is nothing more than a bet. It refers to the amount of money you stake with every spin, hand of cards, or sports match. The term can also be used to describe the total amount of money you bet overall in a session or a specific timeframe.

Now, let’s talk about bonus requirements. Whenever you take advantage of a promotion or sign up bonus with a new online casino, you’ll come across various bonus offers like free bets, cash bonuses, and free spins. However, before you get too excited, you should know that these offers come with strings attached – wagering requirements. These requirements are stipulations that dictate that you have to wager a certain amount of money before you can withdraw the bonus or collect any winnings you derive from it.

How Bonus Requirements Work – seeing them in action

Now that we know what bonus requirements are, let’s take a closer look at how they work for different perks. Take a cash bonus, for instance. In order to withdraw any bonus funds and related winnings, you’ll have to bet through a specified multiplier. For example, let’s say you receive a cash bonus with a 30x wagering requirement. This means that you must bet your bonus amount 30 times before you can withdraw it and the winnings you get from it.

Similarly, free spins and free bets come with their own requirements. When it comes to free spins, the multiplier applies only to the winnings you receive from the spins, as there is no cash amount involved. As for free bets, you may have to deposit a certain amount or bet on sports with specific odds in order to collect the bonus.

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Calculating Bonus Requirements – two basic formulas

Calculating your wagering requirements is a simple process that involves basic multiplication. For instance, if you deposit $100 and receive a bonus of $100 with a wagering requirement of 20x, the calculation would be:

($100 bonus amount) X (20 wagering requirement) = $2,000 total bet

Conversely, some casinos may offer a sticky bonus, which means your initial deposit is also included in the wagering requirement calculation. In this case, let’s say you deposit $200 and receive a sticky bonus of $100 with a 30x wagering requirement. The calculation would be:

($100 bonus amount) + ($200 initial deposit) X (30 wagering requirement) = $9,000 total bet

Therefore, you would need to bet a total of $9,000 before you can withdraw any winnings related to the bonus.

Finding and Fulfilling the Betting Requirements – what it means to read the fine print

When it comes to bonus requirements, always read the fine print. Hidden behind all the flashy advertising is a list of requirements that you’ll need to meet before you can withdraw your winnings – luckily, we’ve made a list of the most important ones below!

The Right Casino

Choose a casino with fair requirements. A wagering requirement of 30X might seem like a good deal, but if the time limit for meeting those requirements is only 24 hours, it becomes much more difficult.

Terms and Conditions

Before depositing any money, make sure to read the terms and conditions thoroughly. This might seem like a chore, but it’s crucial to know what you’re getting into. Take note of the wagering requirements, any restrictions on games, and the expiration dates for the bonuses.

The Right Game

Finally, choose the right game to play. Different games will contribute different percentages of your wager to the requirements. Online slots commonly contribute 100% of your bet to the requirements, while table games and card games may contribute just 50% or even less.

FAQ

No, not all online casinos offer bonuses with wagering requirements. However, many do, as it’s a common way for casinos to attract new players and keep existing ones.

Generally, no. In most cases, you won’t be able to withdraw your bonus funds until you’ve met the wagering requirements. Attempting to do so may result in the forfeiture of the bonus and any related winnings.

This can vary depending on the casino and the specific bonus terms, but in general, online slots tend to contribute 100% of your wager towards the requirements, while table games and card games may contribute less (e.g. 50%).

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Joanna M
Joanna M

Joanna MContent Creator

I am a content creator who is enthusiastic about the online world of gaming. I write about the most recent slots partnerships, news and games.