Casino Bonus Wagering Explained
You’ll see online casino bonuses offered in every single online casino and they will come in various types and amounts. They are offered by the casino for a number of reasons, the welcome bonus is usually a larger bonus, or a group of bonuses that is obviously designed to make that casino stand out and therefore attract players, while reload bonuses in all of their shapes and sizes are offered to create loyal customers. No deposit bonuses offer you the chance to check out the casino and play real money casino games risk free, and high roller casino bonuses will hope to attract the larger players. All bonuses however do have one thing in common, and that is the fact that they will all have wagering requirements. These casino bonus playthrough requirements are always stated in the bonus terms and conditions and when accepting a Rand online casino bonus you should always make sure you know what the wagering and playthrough requirements are.
What are Bonus Wagering Requirements?
Bonus wagering requirements and playthrough amounts are in place for a few reasons. These requirements means that the player accepting the bonus must actually play at the casino to turn the bonus funds into real and withdrawable cash. Imagine if a casino gave bonuses with absolutely no restrictions and playthrough amounts. If a 100% bonus was given with no conditions attached to it then the player could deposit $100, redeem the bonus via whatever method that casino requires and then have $200 in their account. Without restrictions the player could then simply withdraw the $200 meaning that the casino would not be in business for very long at all. When bonuses are redeemed the bonus funds that are given will be just that…bonus funds, and they will have to be turned into real cash by meeting the playthrough requirements. Wagering requirements will always be a multiple amount of either the bonus given or the bonus and deposit combined and will vary in each bonus, but as a rule of thumb they will range from X10 up to X50 depending on the bonus you accept.
Example of Wagering Requirements
As an example, let’s say a casino you like the look of is offering you a welcome bonus of 100% up to $1,000 on your first deposit. You see that the wagering requirements state a X30 playthrough is required to clear the bonus. You only want to deposit $50, so you do just that and take the bonus which gives you a total of $100. The wagering requirements of X30 are on the bonus amount only so you must wager $50 X 30 to clear the bonus funds. That’s a total of $1,500 in wagers, which at first seems like a lot but in reality is very achievable and with a steady amount of wins along the way the bonus can be cleared quickly. Always make sure you read the terms and conditions and find out whether you need to playthrough just the bonus amount, or the bonus and the deposit amount as this makes a big difference, and of course make sure that the bonus is valid for the games you wish to play on.