Wagering Requirement Meaning and Definition
Wagering requirements mark the number of times a player needs to play through the amount they deposited when claiming a bonus to be able to withdraw the money they won when playing with the bonus funds.
Summary
Wagering requirement is the term that casinos and bookmakers add to their bonuses as a condition that players or bettors must fulfil in order to make a withdrawal request after using the bonus funds.
What Is a Wagering Requirement?
Casinos set the wagering requirements for their bonuses (usually for welcome bonus offers) to protect themselves from players who are only there for the bonus funds. Operators can set the wagering requirements for the bonus amount or for the combined sum of the deposit and the bonus the player claimed.
The number typically ranges from 20x to 45x for casino players, and everything below and above these numbers is not that common, so if the wagering requirements are more than 45x, that bonus is potentially not worth it. For betting sites, this number is much lower, and it usually doesn’t go above 10.
Why It's Important
Players and bettors must be aware of the bonus wagering requirements so there won’t be any surprises later when they wish to withdraw their winnings. For operators, it’s important to have them in place to attract players who will remain active and like that prevent bonus abuse.
You will need to wager the amount of the bonus you received the number of times indicated in the T&Cs when playing the casino games, or wager the funds on your sports bets, depending on the bonus you claimed.
How It's Used
When you claim a casino welcome bonus, you accept that you won’t be able to make a withdrawal request until you've met wagering requirements, such as 35x the bonus amount with the operator.
You should note that there might be a certain slot you must use your bonus funds on or wager on odds equal to or higher than what’s indicated in the bonus terms.
