What to Know About Gambling Wagers and Requirements

Casino players are often urged to look at wagering requirements when they join a online casino – but many of us don’t actually know how important these requirements are.

Casinos often entice new players to their sites by offering deals such as free spins and no deposit limits. Some may even capture your custom by highlighting free bets in their sportsbook.

When it comes to deals such as free spins and bonus cash to spend in a casino, there’s usually a catch. And this catch is wagering requirements.

In this article we’ll explain what is a wagering requirement and why they exist. You’ll learn how they work and why they are so important to understand before you sign up.

So, let’s start with the definition of a wagering requirement…

Gambling Wager Tips and Requirements

1. Wagering requirements are what a player must fulfil before they can withdraw their winnings from free bets or free spins. They require a player to ‘turn over’ or re-bet the free amount of money they received a set number of times.
2. The best way to explain wagering requirements is through a common example: A offers you a bonus worth £50 of free spins but with a x20 wagering requirement. That means that you will need to wager 20 times your bonus before you can access your proceeds from the gameplay.
3. Of course, in this instance that means wagering £1000 worth of bets on a game. This may seem like a large amount but remember, your winnings from the free spins go towards this wagering. Effectively it’s re-betting your profit until you go over the wagering requirement.

How Does the Wagering Multiplier Work?

1. Wagering requirements can be found in the small print of your sign-up agreement or deposit agreement.
2. The most common use of a wagering requirement is when new players are joining. They work by offering a player the chance to win big money off free cash – but only if they re-bet that cash a set number of times.
3. You can easily calculate your total requirement by multiplying your free bet value (for example, £50) with your requirement (say, x20). In this instance, you will need to turn over £1000 worth of bets to then access your profits.
4. Online casinos have a system in place that tracks your wagering, so you’ll know when you pass the threshold and can withdraw your money.

Some players have earned thousands of pounds taking advantage of lucrative casino welcome bonuses and wagering out their money until it is available to withdraw. Of course, other players aren’t so lucky. It’s always worth checking the requirements and calculating how much you will need to bet in order to access your potential winnings.

Various Bonuses and Promotions On Offer Are:

The three best casino bonuses that you are likely to encounter when seeking to join a new casino are:

• Welcome Bonus
• No Deposit Bonus
• Free Spins Bonus

All three offer an incentive to join the respective casino and all three can be lucrative if you strike lucky. However, in the case of Welcome Bonus and Free Spins you’re likely to encounter a wagering requirement of some kind.

So, be sure to check the T&Cs before beginning your adventure!