We all love getting bonuses and Free Spins… I mean, who doesn't like free stuff? Except 'free' in the iGaming industry comes with a few caveats of its own. You know how we keep repeating 'make sure you read the Terms and Conditions carefully' and 'don't forget to check the wagering requirements'? That's what it's all about. You need to know exactly what you're getting and what you need to do to be on the safe side. Today we're looking at the ABC's of wagering requirements and why you should pay close attention.
What Are Wagering Requirements?
Ok, let's start at the very beginning. What exactly is a wagering requirement? Basically, a wagering requirement is a number that tells you how many times you need to play the casino bonus in question (or bonus and deposit) through before you can cash it out.
"If a casino bonus sounds too good to be true… it's probably because it is."
Now, if a bonus sounds too good to be true… Unfortunately, that's probably because it is. There's this unwritten rule that the more generous the bonus, the bigger chance that the wagering requirements attached to it are really high and difficult to adhere to.
How to Calculate a Wagering Requirement
To make this more plastic, let's take a look at a specific example. Say an online casino is offering a bonus of 100% up to €50 with the wagering requirement of 20xb. You deposit to €50 and get an additional to €50 to use on online slots. So, what does that number tell you? Basically, you need to wager €1,000 (20 x €50) before you can withdraw any winnings from the bonus in question. See? Nothing about it is really free. Doable, yes, but not free free.
Read the Fine Print
We understand that you want to get your hands on an attractive online casino bonus as soon as possible. And that's great—you should! However, always make sure to take a few minutes to read the fine print.
"Always make sure to take your time to read the fine print."
So what can the small print tell you? For example, whether you need to play the bonus amount through or both the deposit and bonus amount together. Or, it will tell you when exactly the bonus expires and that, in case you don't manage to play the requirement through during that period, you can kiss the bonus goodbye. Harsh, but true. And that info's always available—you just need to keep your eyes wide open!
Your Experience with Playthrough Requirements?
As you can see, there's nothing scary about casino wagering requirements, but it doesn't mean you shouldn't keep your eyes open at all times. Just in case.
If you already have some experience with snagging bonuses and Free Spins at online casinos, here are a few questions for you. How easy or how difficult do you usually find adhering to wagering requirements? Have you ever claimed a bonus and regretted it due to its high requirements? Which online or mobile casinos feature the best bonuses and casino Free Spins in terms of their playthrough requirements, in your opinion?
We can't wait to hear from you at our forum—so hurry up and tell us your wagering story!