So, you need to find a balance that suits you best. However, placing higher bets also puts you at risk of depleting your bankroll more rapidly. Of course, the more money you bet per round, the less time it would take you to meet the amount set by the wagering requirements. This sounds like a very tall order and more of a grind than enjoyable gambling. You would have to bet 1,500 times before you meet the wagering requirements. So, let’s say you’re betting $2 per spin playing slots and have to meet the $3,000 wagering requirement. Moreover, the total amount of money you have to wager is two times smaller. In contrast, if the deposit amount isn’t included in the formula, the calculation is just Bonus x Wagering Requirement. This is quite a steep goal you need to reach and understandably a type of bonus you want to avoid if you have options.
So, you need to play through $6,000 worth of bets before you can withdraw your bonus. In that case, the formula for calculating how much you need to wager is (Bonus+Deposit) x Wagering Requirement.įor our example, this includes the $100 deposit, a bonus of the same size, and a 30x wagering requirement. If the deposit bonus is also included in the calculation, it puts you in a bit of a more unfavorable place. You can calculate how much money you have to wager through two methods, depending on whether or not your initial deposit also needs to be a part of your wagering requirements. Now that we know the basics of what wagering requirements are, let’s take a look at some real-life examples to better recognize how they work.įor this example, we’ll say that you received a deposit match bonus worth $100 and with a 30x wagering requirement. This leads us to the next essential part of the topic. Of course, there’s also a precise rule on how many times you need to wager your bonus. So, if you don’t clear them within the required timeframe, your bonus funds will fall through. Moreover, wagering requirements are often limited by time restrictions. Until you complete the bonus wagering requirements, you can play with the bonus money but can’t withdraw it. These represent the amount of money you need to stake before you can actually move the bonus funds to real money casino balance. Wagering requirements are a part of nearly every online casino bonus in the industry. So, the act of betting in a casino is called wagering.Īdditionally, the term “wager” can refer to the total amount you bet in a particular timeframe, for example, during one gambling session.
In simple terms, a wager is any bet you place on any game when playing in a casino. To understand what wagering requirements are and how they work, we also need to cover the wagering meaning in its base form.
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