The Most Misunderstood Casino Term
Imagine you've accepted a generous welcome offer that gives you extra funds to play with. Then, casino you discover the money isn't immediately available for withdrawal. This common situation is caused by wagering requirements, casino a crucial part of bonus terms and conditions.
What is a Wagering Requirement?
A wagering requirement, also known as a playthrough or turnover requirement, casino is a multiplier that represents the number of times you must play through a bonus before you are able to withdraw any winnings associated with it.
Here's a simple example:
Your deposit is $50, and the casino matches it with a $50 bonus. The wagering requirement is 30x the bonus amount. Calculation: $50 (Bonus) x 30 = $1,500.
Your goal is to reach a total betting volume of $1,500 to fulfill the requirement.
Important Nuances to Be Aware Of
The devil is often in the details when it comes to these conditions.
Factor Why It's Important
The Basis of Calculation Always check if the multiplier applies just to the bonus or to the combined total of your deposit and bonus. A 20x requirement on (bonus + deposit) is equivalent to a 40x requirement on the bonus alone.
Game Contributions Check the game contribution chart. If you bet $10 on a game that contributes 10%, only $1 will count towards your wagering.
Expiration Dates These deadlines can put pressure on players, so it's important to know them upfront.
Maximum Bet Always adhere to the max bet rule to avoid losing your promotion.
Are Bonuses Still Worth It?
So, are bonuses a good idea? They extend your bankroll, let you try out the casino's library, and increase your opportunities for casino a large payout. A clear understanding of the rules is essential for leveraging bonuses effectively.