Do you know what wagering requirement means in bonuses? If not, here you have everything about terms and conditions in casino and sports betting bonuses explained.
Gambling bonuses can be quite useful for casino players and bettors. With the help of various bonuses, everyone can play casino games or place bets for free or with some sort of discount, promotion, etc. They can be useful for both new and existing players, so we recommend learning how to claim online casino bonuses.
However, all bonuses have their own wagering requirements. Without following them, no one can claim a bonus sportsbook or casino sites. Read below about what wagering requirement means in bonuses and how to fulfill them in 2021.
Wagering requirements in casino bonuses – a gambler’s guide
A wagering requirement is referred to as a multiplier that indicates how many times you have to play using a bonus before getting your winnings. It may also show how much money you have to bet in the game. If players don’t do it, their bonus money that is stored in a separate wallet can never be withdrawn. As soon as the offer expires, the bonus disappears. But if the player fulfills the requirements, a casino will convert the bonus cash into money.
Here are two examples. Let’s suppose that a slot site gives you 20 free spins. Usually, they can be spent on selected slots. You have to use these spins until they expire to have a chance to win. In this case, the only requirement is to play slot games selected by a casino.
Another example. A casino site offers a $50 online bonus that has a 10x wagering requirement. It means players need to spend $500 on any or selected games before they can withdraw any winnings if they win.
That’s what wagering requirement means in bonuses for bettors
Wagering requirements in betting are somewhat different. They indicate how much bettors have to bet to withdraw their possible winnings. Like at online casinos, sportsbooks can also choose events you have to bet on to use your bonus.
For example, you have a $100 bonus cash out of your $500 balance. In this case, you will need to complete the sportsbook’s wagering requirement to get your bonus money. As a rule, wagering requirements vary from 1x to 5x depending on the sportsbook. It means that you have to place a bet 1-5 times to be able to cash out.
Let’s suppose, you want to claim a risk-free bet bonus at a sportsbook site. You wager $10 and lose the bet. Based on the bonus terms and conditions, the sportsbook refunds you $10 in the form of bonus credits with a 3x wagering requirement. Bonus credits must then be wagered three times to turn them into real money you can withdraw.
