Slots Wagering Requirements
by Becky Mosley
Most slot sites offer a welcome bonus when you join, and they are very generous in doing so, so it’s no surprise that these sites have certain requirements attached to them.
What Are Wagering Requirements?
A wagering requirement is a term used to describe the number of times a player has to play with the bonus, sometimes with their own cash before a withdrawal can be made. Basically, the bigger the main bonus, the more money you will have to wager before you can cash out.Each casino has its own policy, so make sure you read the terms and conditions.Wagering requirements are conditions set by online casinos that players have to meet before they can withdraw any bonus cash or winnings from those bonuses. Usually, these requirements are shown as a multiple of the bonus amount or the total of your deposit and the bonus. For instance, a 30x wagering requirement on a £100 bonus means you’ll need to bet £3,000 (£100 x 30) before you can withdraw any winnings.Casinos put these requirements in place to stop people from just grabbing bonuses and cashing out straight away. It encourages players to play the games, which is the main point of offering slot bonuses in the first place. Plus, it helps casinos manage the financial risks that come with handing out big bonuses.
What Types of Wagering Requirements Are There?
There are a few types of wagering requirements. Some apply just to the bonus amount, meaning you need to bet a multiple of the bonus before you can withdraw.Others apply to both your deposit and the bonus, so if you deposit £100 and get a £100 bonus with a 20x wagering requirement, you’d need to bet £4,000 [£100 + £100) x 20].There are also no-wagering bonuses where you can withdraw winnings without any requirements, though these are pretty rare and highly prized by players.These requirements affect how you play. Not all games count equally towards meeting wagering requirements. Slots usually count as 100%, while table games like blackjack and roulette might only count between 5% and 25%. Live dealer games might not count at all.Casinos might also set limits on how much you can bet per spin or hand when you’re playing with bonus money, and going over these limits can mean losing the bonus and any winnings from it. Some bonuses are restricted to specific games, so the wagering requirements for those bonuses have to be met by playing only those games.It’s best to play games that count the most towards them to meet wagering requirements, typically slots. Always read the bonus terms and conditions to understand the wagering requirements and any restrictions. Managing your bankroll is key to ensuring you meet the requirements without running out of money too quickly.Whenever possible, go for bonuses with lower wagering requirements to boost your chances of turning the bonus money into cash you can withdraw.Wagering requirements are a pretty important part of online casino bonuses that you must navigate to get the most out of them. While they might seem tricky initially, understanding them and knowing how to meet them can improve your online gaming experience. With the right strategy, you can turn bonus funds into real money and make the most of the bonuses offered by online slot sites.