What Is A Wagering Requirement?
– Online casinos use wagering requirements for bonuses. The most common wagering requirement is the one that comes with a welcome bonus.
Why is wagering necessary? Let’s take for example a standard welcome bonus of 100% up to 100 GBP. The player expects to receive 100 GBP on top of the 100 GBP deposited, and use it at will. A wagering requirement locks the 100 GBP bonus and prevents it from being able to withdraw immediately. This greatly reduces the possibility of money laundering and other similar schemes.
What Is The Standard Wagering Requirement?
The most common wagering requirement at online casinos is 40x the amount. In most cases only applies to the bonus. This means that 100 £/€/$ bonus will have a 4000 £/€/$ wager. The player must place a total of bets worth 4000 £/€/$ in order to clear the said bonus.
How To Clear The Wager?
There is only one way, place bets equal the wager requirement. Special bonuses can be limited to one slot game or several. In other words, you have to play the right slot game and place sufficient bets. Special events and tournaments can sometimes decrease the wager requirement.