There are different types of wagering requirements
A wagering requirement on a bonus is the number of times you must wager a bonus before you can withdraw your winnings. We can make it very simple and put it into context – Imagine that you deposit €100 and receive a €100 casino bonus with a wagering requirement of 30 times the bonus amount. This means that you must play for €3000 before you can withdraw the money from your casino account.
When you sign up at an online casino, it is important that you read the terms and conditions for the wagering requirements. These requirements vary from casino to casino. In general, however, there are usually two different types of wagering requirements.
The most common form of wagering requirement is that your bonus money is stored in a separate section of your account balance. You can use your deposited money to gamble and if you win, the money goes into the section with your own deposited money and you can withdraw any winnings whenever you want. If your own deposited balance reaches zero, you will wager your bonus money. If you win money using the bonus money, the winnings will be sent to the section for your bonus money. However, you cannot withdraw these winnings without having first fulfilled the wagering requirements according to the casino’s rules.
The second type of wagering requirement is a little dishonest and is applied by some casinos. Let’s say that you deposit €50 and get a 100% casino bonus. You will then have €100 in your account. This time the money is stored in your main account balance. The downside here is that you usually get a wagering requirement for the entire amount. The money you deposited and the bonus you accepted are grouped together. This procedure is not always in place, but it is important that you read the fine print before accepting a bonus from a casino. Otherwise, you may end up locking your own money to the casino for much longer than you expected. Of course, we think that alternative number 1 is a much nicer and more honest way of managing wagering requirements. At least then there are no nasty surprises to deal with.
Why do wagering requirements exist?
The main purpose of wagering requirements is to protect the casino’s money. We understand that casinos need to have a wagering requirement in place. Otherwise everyone could deposit money, accept a casino bonus and then immediately withdraw their money. A casino without wagering requirements would soon find themselves completely bankrupt! We fully agree that wagering requirements are necessary for casino bonuses to even exist at all, even though they are not very fun for casino players to deal with.
That does not mean we are in favor of unreasonably high wagering requirements / turnover requirements on deposits. It’s simply unacceptable. We therefore urge all our visitors to carefully read the terms and conditions page for the casino you deposit money at.
Wagering requirements FAQ
Different games have different values
It is important that you choose your game wisely if you plan to wager your casino bonus. This is often a little tricky. Casinos online often have different percentages that count towards the wagering requirements of specific games. In other words, a game can meet a higher proportion of the wagering requirements than another depending on what you play. And sometimes they don’t count at all.
In other words, if your goal is to get rid of the wagering requirements, it is important that you are a little strategic with the choice of games. Slots usually account for 100% of their wagering value while other games such as blackjack and roulette count very little or not at all.