Wagering Requirements Demystified
Most casino players will have heard about wagering requirements. You'll typically find those two words in the small print attached to any bonus or promotion you find at a casino.
Here, we explain how wagering requirements work. We'll provide an example and guide you through some of the most common queries surrounding this topic.
What does 10x wagering requirement mean?
Wagering requirements always show you a multiplier value. In this case, we've got an example showing 10x wagering. It means you need to wager the value of your deposit and the bonus 10 times over before you can cash out anything won from playing at that casino.
The lower the wagering requirement, the faster it is to achieve. In some cases, it only applies to the bonus amount or the deposit but not both. This means you'll spend less to hit your target.
Some sites have higher wagering in place, so you might see 30x wagering, 40x wagering, or maybe even higher. Look for a reputable site that has a low value if you can, as this is easier to meet.
How do I fulfill my wagering requirements?
To fulfill the wagering, you must bet the relevant amount as described in the small print. So, if you deposit $10 and get $10 bonus money, you'll need to bet $20 10x to hit the wagering if they've given you a 10x wagering level to meet. This amounts to $200. You'll usually get a time limit to meet the requirements as well.
What are no wagering requirements?
These are the Holy Grail of casino betting. If you can find a casino offering a no wager bonus - and there are a few out there - you can claim the bonus and not need to go through any wagering at all.
Of course, there's a caveat here - the amount you could receive in prizes while using the bonus funds is usually capped. It's still cool to get this bonus though, so check and see whether you can find anything like it, especially if you are all set to sign up to a new casino. The bottom line is to find no wagering if possible, and if not, the lowest wagering requirements you can get.