There is no such thing as a free lunch. Well, there is. But you won’t find that on the casino too often. Most casino bonuses have a wagering requirement. This function can be complicated and difficult to understand, but here you get wagering requirement explained.
When you are making a deposit at the casino, you are more than often offered a deposit bonus that will give you either Casino Cash or Free Spins for a new slot. There are players that believe that once they have made the deposit and gotten the bonus, they can withdraw both the deposit and the bonus. If it was just that easy to double your money… To prevent players from doing so, the online casinos add a wagering requirement. This requires the players to wager the bonus a certain number of times on the casino before the Casino Cash is turned in to real money that can be withdrawn.
Good to Know
Not all wagering at the casino will help you complete the wagering requirement. Some slots, often jackpot slots does not contribute to the requirement. Some casinos even prohibit wagering bonuses on these slots. The requirement also varies from casino to casino. Before you make your deposit to get a bonus, it is smart to check the wagering requirement. Normally the requirement varies from 20x to 50x. Note that some casinos only have wagering requirements on the bonus, while others have it on both the deposit and the bonus.
Calculating the requirement for a casino bonus is easy. If you have a €100 bonus and the wagering is 20x, you have to wager €100x20x=€2000. This might sound like a lot of money. But, it is often possible to play through the requirement. This is because of the Return To Player. Some slots have an RTP of 96 %, this means that in the long run you will on average get €95 back for every €100 you put at stake.
It is not difficult to calculate the wagering requirement for Free Spins, but it is slightly different from the bonus calculation. The requirement does only apply for the winnings generated from the Free Spins. So if you win €10 on your Free Spins, your wagering requirement is €10x20x=€200.
It gets a bit more complicated when it comes to Live Casino wagering. Often the casino has an additional term that says wagering on Live Casino games only contributes 10 %. Ie, if you wager €10 of your bonus at the Live Casino, this will only contribute as €1.