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The wagering requirements are the foundation of casino bonuses, even at the most prestigious online casinos. However, what does wagering mean? First, a wager is an amount wagered on each hand of cards, each spin of the reels, or each sporting event. For online casinos, wagering refers to the number of times you must play through your bonus before requesting a withdrawal. Putting it simply:
Check the wagering requirement in the terms and conditions. Typically, this will be 20x, 30x, 40x, etc.
Multiply your bonus funds by this factor
You are playing with a 40X wagering requirement LSO bonus.
Multiply your bonus funds by this factor: 50×40 = 2,000
You must wager this amount prior to withdrawing bonus winnings.
Before committing to a bonus, you will also want to know its expiration date, especially if it is a substantial bonus. This is due to the fact that the majority of bonuses have a start and end date, meaning that you will be required to wager your funds within that time frame before you can withdraw them.
Additionally, keep in mind that, in general, different games will have different wagering requirements. So, playing slots or at a Live Casino will contribute differently to this bonus, although the same casino hosts both game types. In certain instances, a large number of slot games are also exempt from wagering requirements, and all of this information is generally accessible via the casino’s terms and conditions rather than the bonus’s terms and conditions. This is commonly referred to in the industry as Wagering Requirement Weighting.
Although these requirements are the bane of many casino players’ existence, they are not part of a casino’s scheme to extort additional funds from the player. In fact, they have a plausible explanation. The truth is that casinos must adhere to anti-money laundering regulations in order to implement wagering requirements. If online casinos did not have wagering requirements, it would be easy for criminals to clean their illicit funds by depositing and withdrawing them immediately.