Wagering requirements are designed to minimize or eliminate the risk a casino takes by giving away free money to players. In other words, they will encourage you to register and play by giving you extra money for your bankroll, but they will decide how that money is used and when you’re free to withdraw it. This is why casinos will require you to bet a certain amount of money in certain games and for a certain time period before you can actually claim the bonus money as yours.
What are wagering requirements?
It is the number of times you must wager the bonus money, deposit money or even both, usually only in certain games and for a determined time frame. If you do not bet that amount a certain number of times or if you do bet but in non-eligible games or if you take longer than the time requirement, you lose the bonus. A typical example would be as follows: deposit €50 and get a 100% bonus on your deposit: that means get extra €50 in bonus money added to your account. Now, in order to claim the money as yours and be able to bet it freely or withdraw it, they might ask you to wager the bonus amount 20 times (20X) over a period of 30 days. That means you must place at least €1000 worth of wagers in order to fulfill this requirement. And furthermore some casinos will not allow you to release the bonus by playing games like blackjack or roulette since in these games the house has less of an edge over you, so you’ll have to meet the requirements playing slots machines, video games, etc.
Different requirements for different games
Different games will give the casino a different edge over you. Some will be mostly tilted towards the house and some will give the player a slightly higher edge. This is the main reason why different games also account differently toward wagering requirements. Some games like slot machines will count towards 100% of the value required for the betting turnover, meaning every one Euro you bet on a slot machine will equal one Euro worth of betting towards releasing the bonus. Video poker may count anywhere from 80% to 90% and other games like blackjack or roulette might count much less or even not count at all toward the wagering requirements. In conclusion, whatever the requirements are make sure you know exactly what is expected from you and be not afraid to ask question to the casino support. The more you know and the better informed you are, the easier it will be to release your bonus and avoid unpleasant surprises.