If you’re like many casino players, you love bonuses. And why wouldn’t you? Free spins give you more opportunities to win at slots. Roulette bonuses can magnify your profits greatly while blackjack offers help you compare strategies.
Of course, the highlight of casino bonuses is using them to win real money. But more often than not, you can’t cashout bonus winnings without meeting something called wagering requirements.
What are Wagering Requirements?
Wagering requirements are one of several rules you must fulfill after you accept a casino bonus. Also known as playthrough, wagering requirements describe the amount of real money you must spend at a casino if you want to cash out your bonus profits.
How Do Wagering Requirements Work?
Many casinos express wagering requirements as a multiple of your bonus amount. Let’s say you claim a $20 welcome bonus. Your playthrough could be 10x, 30x or 40x your bonus amount.
It’s possible to find casino bonuses with zero wagering requirements: There’s a great explanation here. But basically, zero playthrough bonuses are the real deal. They’re hard to find. And that’s because they allow you to cash out your profits immediately if you win.
Some casinos have wagering requirements that add your bonus to your deposit amount. Avoid these offers always. For example, a site might give you a $20 reward. But then it says you must meet 30x your deposit + bonus amount. This doubles the amount you need to spend before you can cashout your profits.
How Do You Calculate Wagering Requirements?
We’ve already said wagering requirements dictate how much you need to spend at a casino before you can withdraw bonus-related winnings. But how do you know the exact amount of money you should spend?
By law, casinos are required to reveal information about wagering requirements. They must display this information conspicuously on their website—a web page about bonus terms and conditions. Or they can specify the playthrough amount under their bonus offer.
In light of that information, calculating wagering requirements is straightforward. Look at the playthrough amount. Then make the necessary calculations. Let’s find a casino with a 100% first deposit bonus worth up to $100.
You make a deposit worth $50 to claim an extra $50 bonus. Below this promotion, the casino says you must meet wagering requirements of 30x your bonus amount.
To calculate the amount of cash you must spend, the formulae is as follows:
- Bonus amount x wagering requirement
- 30 x $50 = $1500
Let’s use an example. A casino gives you a $20 bonus after you deposit $20. But you need to fulfill 40x the sum of your bonus and deposit
- 40 x ($20+$20) =$1600
Logically, you want a bonus with the smallest wager requirement. Based on our examples above, the first deal is better than the second one.
Why Do Casinos Use Wagering Requirements?
On the surface, wagering requirements look like theft. Why should a casino give you a bonus and then require you to spend a lot of cash? Casinos are businesses. Their primary goals are to grow and make money.
Casinos can’t make money if they give out plenty of bonuses with no wagering requirements. Operators use wagering requirements to minimize the risks that come with giving out freebies. Some people might win a lot of cash from a bonus. But they have to leave some of their money at the casino thanks to playthrough.
All the same, your aim as a player is to turn bonuses into money as quickly as possible. As such, take time to find offers with the least number of playthroughs.
How to Fulfill Wagering Requirements Quickly
We all wish bonus wagering requirements didn’t exist. But they do. And if you want to cashout money won from free spins or betting credits, the only option is to meet your playthrough. Below are tips to help you complete this process quickly.
- Choose a Good Bonus
Finding a great bonus is easier said than done. You might think a generous offer is what you need. But then, the wagering requirements could be too high. Or the offer might have a small withdrawal limit.
Owing to that backdrop, spend time choosing a great welcome or loyalty bonus. Look at the amount, the playthrough, the cashout limit, the games you can play and the validity period. Choosing a great bonus and meeting its conditions will be simple.
- Pick a Safe Casino
A bonus isn’t worth it unless it comes from a trustworthy operator. A scam casino could promise you the best bonus in the world. But sooner or later, it will defraud you. To stay safe, avoid bonuses from poorly-rated casinos.
Instead, stick to reliable casinos. They might not have the best bonuses. But they compensate for that by offering reliable services: quick payouts, safety, mobile platforms, game variety and functional customer service.
- Play High-Paying Games
Before you think about meeting playthrough, use your bonus to play high-paying games. If you love slots, choose games that payout above 95%. If you like table games, use skills and strategies to maximize your profits.
The objective is to win the maximum you can win from a bonus. That way, a fulfilling playthrough will be worth it. Of course, only pick a bonus with a great limit. If you can’t withdraw more than $100 from a bonus, consider looking for an alternative.
Some deposit-based bonuses have no withdrawal caps. These are the best offers because you can withdraw as much money as you win.
Also see: Tips to Use an Online Casino Bonus
- Learn About Game Weighting
Many casinos have rules on games you need to play to meet playthrough. What’s more, they state the percentage of money that goes toward fulfilling your wager. Choose games that contribute 100% to fulfill playthrough.
Crucially, fulfill wager terms as quickly as possible. You don’t want to miss out on bonus profits because you exceeded the required deadline.
- Cash Out your Winnings
After you’ve completed wagering requirements, next is to withdraw your money. Ensure you’ve met all conditions before you request a cashout. Attempting to withdraw cash before you complete all policies can lead to the confiscation of your winnings.