Many players today often fail to realise that the casino bonus they just accepted also has a wagering requirement attached to it. Wagering requirements (aka playthrough requirements) must be completed before you can think about cashing out any of you bonus winnings. Let’s take a look at a few examples of how this works.
A deposit bonus is a free cash gift given to a player when making a deposit into the casino. The bonus that you just accepted might be a 100% matching deposit bonus worth up to a maximum of £750. If you deposit just £50 into the casino with this particular offer, you will instantly be given £50 in bonus cash.
This will give you a total of £100 to play with, but you couldn’t just withdraw that bonus cash. You would need to wager it X amount of time, plus you also generally have to wager the bonus amount as well. The deposit amount might need to be wagered 30x times, which is about average, and therefore you would need to wager £50 x 30 (£1,500), or £1,550 (with bonus amount included as well).
Although this seems like a lot, some online casino bonus wagering requirements can be as high as 40x or 50x times the deposit amount. So for the same £50 deposit, multiplied by 40 is £2000 and multiplied by 50 is £2,500. Wagering requirements also need to be completed within a certain amount of time otherwise you can lose your bonus winnings.
If casino bonuses didn’t have wagering requirements, players would simply take advantage of the situation and would withdraw their bonus cash without wagering a penny and then casinos would quickly go out of business. It is extremely rare to find an online casino bonus that has zero wagering requirements attached to it.
The lower the wagering requirements, the better it is for you and the quicker you will be able to get your hands on any winnings that you have managed to accumulate. If you are lucky, you may even find an online casino bonuses that has just a 10x times wagering requirement, so with the initial £50 deposit, you’d only need to wager £500 before being able to cash out.
You can always contact the customer support to see how much you have left to wager before you can cash out, plus this information is also usually available somewhere on the ‘Cashier’ section of the casino or in the ‘My Account’ section.