Online casinos can be fun–not to mention lucrative for those who get lucky. New players can also take their pick from a range of offers, bonuses and promotions that are designed to tempt them into signing up on a specific site, rather than with a rival in the industry. However, these offers can sometimes seem as though they are too good to be true. And when this is the case, sometimes it is because they are too good to be true! All casino offers and promotions come with terms and conditions attached. Buried in the small print, casino players can find out about something called wagering requirements. But what are they?
So What Are Online Casino Wagering Requirements?
Wagering requirements are attached to most bonuses and promotions offered by online casinos. Often, these sites add funds to players’ accounts in the form of bonus money. This bonus cash, though, cannot be withdrawn as hard cash until the wagering requirements are met. Wagering requirements means the bonus money has to be rolled over a certain number of times before it can be withdrawn. So it is not as easy as playing with the bonus money and turning it into cash that can be withdrawn.
Wagering requirements are usually displayed as a number with an x sign behind it. For example, 10x would be a typical wagering requirement. What this means is that if $10 is awarded in bonus money, the player must make $100 worth of bets with the cash in order to unlock it.
Why Do Online Casinos Use Wagering Requirements?
Online casinos use bonuses to attract new users, but they have to protect themselves too. If they did not include something like a wagering requirement, it would be far too easy for new players to exploit these promotions. Some people may feel wagering requirements are not fair, but there has to be a balance. It is in the interests of the online casino to make as much money as possible, after all. So any bonus they offer should be assessed by checking the terms and conditions for the wagering requirements that come as part of the deal. If online casinos did not include wagering requirements, they would not be able to offer promotions that are as generous as those that can be seen nowadays. As an example, many online casino sites now offer a no deposit bonus. What this means is players can start gambling for real money without even needing to deposit any cash into their new account.
Wagering Requirements – What You Need To Know
The basics of wagering requirements are just the start. Players need to understand the complete offer before deciding whether or not they want to take the bonus cash on offer. As an example, certain games at the online casino might not contribute 100 per cent to the wagering requirements. Slots usually do provide the full 100 per cent to this deal, but it is usually the case that table games like roulette and blackjack do not. Essentially, this means it can be very hard to turn bonus money into real cash as a result of the terms and conditions behind them. Some deals may not be worth taking as a result. Online casino bonuses have to be considered a good thing overall, but there is a significant downside through the use of wagering requirements. Always check the terms and conditions!