For true iGamers, the only thing more fun than winning at the casino is getting free money or spins to keep playing for free. In the midst of some seriously stiff online competition, casino operators understand that to keep gamers coming back, they have to offer some generous bonuses. However, some of these bonuses come with strings attached called wagering requirements.
What Is A Wagering Requirement?
Simply put, a wager requirement is a way for casino operators to cover their risk! They know they have to give bonuses, but they also want to ensure that they will eventually earn a profit. Wagering requirements are therefore designed to offset the real money risk casinos take when they give players bonuses to sign up or continue playing at the casino.
What Is The Cost Of Free Money?
Well, the cost can be quite steep if you do not take a good look at the entire bonus offer. The wager requirement is the number of times you have to continue to play before you can cash out any winnings. Basically, if you accept the bonus offer, you have to play through the deposit amount a certain number of specified times. This can vary significantly but is normally between 20x and 40x.
Is The Bonus Worth The Playthrough?
As an example, you accept a bonus that has a wager requirement of 10x and your bonus is a 50% match of whatever amount you deposit. You decide to deposit £100 and the casino matches that, giving you a total deposit of £150. You could have to play through £1500 before you can cash out any of your earnings. However, it is free money and allows you to play for longer with the chance of winning while you do!