What Are Wagering Requirements In Online Casinos
A wagering requirement is a multiplying number indicating the number of times you have to play under a bonus or promotion before you’re able to withdraw the winnings from said promotion or bonus.
In both sportsbooks and online casinos (but especially casinos, since you’re usually laying down more units and unable to parlay wagers), many promotions and bonuses are often subject to fulfilling wagering requirements before you can take full advantage of them in their entirety.
But whether you’re banking on MI online casino bonus codes, NJ online casino bonus codes, or any online casino no deposit bonus, how can you make the most of these wagering requirements on online casinos? Here’s what you should know.
How Do Wagering Requirements Work?
Wagering requirements indicate a certain amount of money you must put on the line before you’re able to withdraw a bonus (and the winnings from said bonus) out of your online casino account and into your bank account (or under your mattress at home, depending on your personal preferences and paranoia levels).
These requirements are usually denoted by the number of playthroughs or wagers the player makes, or the amount of money the player puts on the line for said wagers. Wager requirements can vary heavily from state to state, game to game, and casino to casino. The bonuses offered at one New Jersey online casino for real money may differ from the bonuses at one Michigan online casino for real money, for instance.
Wagering requirements are usually quantified as multiples, for instance, like 25X or 30X wagering requirements. To get your ideal formula for the amount of juice needed to cover your wagering requirements, you would need to multiply the value of your first deposit (being matched in the bonus) by the number of playthroughs required to get the total amount of money you’ll need to bet.
For example, if you only dropped a small Abraham Lincoln ($5) you could comfortably afford to lose onto online slots with a 25x wagering requirement, you would need to cumulatively wager $125 before you could withdraw the bonus winnings. So make sure you’re starting with free online slots, no deposit required, or games with VERY good multiplier options.
How To Beat Wagering Requirements
To take full advantage of an online casino’s wagering requirements, we would strongly recommend that you:
- Read the fine print dammit: The terms and conditions will lay out the subtler nuances of the wagering playthrough requirements in detail. Know what you’re getting into before accidentally getting in over your head
- Find casinos and games with the best wagering requirements: Look for requirements within your budget, and ones that you could feasibly play over your preferred time frame
- Play within your limits: Don’t put excess funds on the table, and never wager more than you would be comfortable losing.
All in all, you should always know what you’re getting yourself into before getting in over your head. We can help you stay on the ball, and on top of your game.
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