Online casinos offer different incentives to their new and existing players. They come in the form of bonuses, free spins and cashbacks you can use to play more casino games. No matter how the world of online gambling with all these benefits may seem entertaining, there are still certain limitations which bring us back to reality.
One of them is a so-called wagering requirement. If you have ever claimed any kind of casino bonus, you must be familiar with this term. Stay with us to learn all about wagering requirements and how they function.
What Is a Wagering Requirement?
A wagering requirement is a term that refers to a multiplier you will find in the terms and conditions you need to adhere to when using a casino bonus. If a wager is a bet you place when playing a casino game, a wagering requirement represents how much you need to bet to turn your bonus into real money. And, clear it from your account. Another term for the same concept is playthrough.
To put it simply, a wagering requirement represents the number of times you need to play a certain amount (a bonus or a bonus plus a deposit) to be able to withdraw it. Let’s say a bonus comes with a 30x wagering requirement. If the bonus is worth €100 and a wagering requirement of 30x the bonus applies, that means you have to wager €3,000 in real money to turn it into withdrawable cash.