Casino Wagering Requirements: A Comprehensive Guide
Wagering requirements are attached to some casino bonuses you’ll find online so it’s important that you understand what they are, how they work, and how they affect your ability to withdraw winnings. In this guide, you’ll find everything you need to know about casino bonus wagering requirements so you can focus on playing.
What Are Wagering Requirements?
Wagering requirements are a key part of a casino bonus’ terms and conditions as they prevent players from simply withdrawing bonus funds without using them first.
They are usually expressed as a number followed by an x, such as 1x, 10x, or 25x. This number tells you how many times you will need to wager your winnings before the funds from a bonus can be withdrawn.
For example, if you receive a £10 bonus with 5x wagering requirements, you’ll have to place bets worth £50 before you can request a cashout of your winnings.
How Do Wagering Requirements Work?
Wagering requirements stipulate the number of times you must play through or turnover your bonus winnings to be able to withdraw the funds connected to that bonus. The easiest way to explain this is with some examples.
If you receive 100 free spins and win £20 with a 1x wagering requirement, you will need to wager at least £20 of your winnings before you can make a withdrawal.
Similarly, if you receive a 100% deposit bonus and fund your account with £15, you’ll get an additional £15 of bonus to play with. With a 3x wagering requirement, you’ll need to wager £45 before you can withdraw any winnings.
Why Do Online Casinos Have Wagering Requirements?
When implemented properly, wagering requirements make bonuses fair to players and to the casinos. That’s because casino bonuses and free spins are designed to help you try out new games or find your way around a new online casino.
By requiring you to place bets with any winnings from your bonuses, wagering requirements are designed to ensure that these bonuses are used in the way that they were intended.
Types of Wagering Requirements
Wagering requirements all work the same but they can vary in the amount you need to wager before withdrawing any winnings.
Wagering requirements can be any number though it’s common to see them between 1x and 40x. Players will often categorise them as either low or high. Generally, anything above 30x is considered high, but it depends on what you are comfortable with.
It is common for larger bonuses to have higher wagering requirements attached to them, so if you’re choosing between different options, you will need to weigh up the pros and cons of each.
Practically all offers have wagering requirements, the only exception to this are no wagering bonuses. These are promotions that, as their name suggests, don’t require any wagering requirements. They are very rare and will usually be low in value.
You can see all the latest BetMGM UK offers on our promotions page. Key terms and a link to the full offer terms and conditions are displayed under each one so you can choose the ones that suit your playing style.
Which Games Count Toward Wagering Requirements?
Not all games count towards the wagering requirement and some may only contribute a portion of each wager.
For example, if a game contributes 50% to wagering requirements and you need to bet £20 to satisfy them, you’ll need to bet £40 on that particular game to withdraw any winnings from the bonus. If the game doesn’t count at all, then any bets you place will be excluded from any wagering requirement calculation entirely.
All casinos clearly state what games are excluded and which games only contribute a fraction towards wagering requirements in their bonus terms and conditions, so be sure to read them before claiming an offer.
Understanding Bonus Terms and Conditions
In addition to wagering requirements, it’s important to read and understand the full set of terms and conditions assigned to a casino bonus. Key terms you’ll want to look out for include:
- Time limits that tell you when your bonus expires
- Game restrictions that prescribe what games you can use a bonus on
- Max bets that advise the largest bet you can place to count towards your wagering requirements
By understanding this, you can make the right type and size bets before your bonus expires.
Play at BetMGM UK for Transparent Wagering Requirements
We believe casino bonuses should be fair and transparent, so we use player-friendly plain English to describe all our offers. Check out what you can claim now on our promotions page and then see all our epic slot games that you can use them on.
