What are wagering requirements?
Wagering requirements, also known as the turnover requirements, refer to the amount you will need to bet in order to add your bonus winnings to your main cash balance while playing online casino slots.
For example, when you have £20 casino bonus with a 10x turnover requirement, you need to pay out £200 on allowed games, before you can take out any remaining winnings gained.
The bonus money can also have a deadline within which you must settle the wagering requirements; otherwise you will lose your bonus and related winnings.
- You need to wager your bonus within a certain time period.
- You can withdraw any amount you want as long as you meet the wagering requirement.
Wagering requirement types
Wagering requirements usually come in two different varieties depending on if the bonus is a free bet, no deposit bonus or a deposit bonus.
The free bet wagering requirement applies to simple, free bet bonuses, and a player must place a specific bet amount to activate the free bets or bet connected to the promotion. You will need a minimum amount to trigger your initial bet as the free bet, such as £5 to get £20.
You will also require the minimal odds (usually 1.50 to 2.0) which your first bet needs to release the bonus amount.
The second type of wagering requirements is those related to corresponding deposit bonuses. Such bonuses will offer you free bet funds matched to a specific percentage of your first deposit with the online casino in question.
You need to bet a certain amount of money through your account before you are able to withdraw any winnings you have earned from using your bonus funds.
The full amount required in order to make your winnings withdraw-able varies from one to another bonus, as the bet types that contribute to the requirements.
Tiered wagering requirements
An online casino can set up a tiered wagering requirement, which refers to the one that results from the collection of staggering payments. Tiered wagering might consist of bonuses with a minimum amount and time limits.
For example, you can usually get a £10 bonus, which has a £20 deposit requirement with a 5-day time limit. Another common example of tiered wagering has a £500 betting requirement with a 30-day deadline and a £50 bonus.
Most players tend to choose the tiered wagering because here you can play in little amounts that lead to big profits eventually.
How to beat wagering requirements
You will be able to beat your wagering requirements if you land winnings of at least 300 to 400 times your bet or stick to low variance video slots.
It can be a better idea to start more boldly and play some high variance slots and pursue those huge gains, particularly if the wagering requirements are really high.
Later on, it can be a good idea to draw back a little and play lower volatility slots with lower risk to fulfil the wagering requirements without losing too much money.
Read terms and conditions carefully
Every online casino has its distinctive terms and conditions which you can find on the casino’s official website and for non Gamstop casinos they can sometimes be harder. Do not just sign up at a casino, and go for the bonus simply because the wagering requirement is beneficial.
Before accepting the bonus, go through the terms and conditions page that clearly summaries the wagering requirements and all the important information about the bonus. Make sure you have understood and verified everything before jumping in.
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