One of the things that our readers often ask us about is wagering restriction. What is wagering requirement online casino? That is something that you must know because it will help you understand the fine print behind the seemingly amazing bonuses that online casinos hand out.
What is wagering requirement online casino?
A wagering requirement is the casino's way of ensuring that you actually play at a casino before you cash out a bonus. Otherwise, people would just sign up, take the bonus, and cash out. Online casinos are not in the business of giving out money, though, and so they came up with wagering requirements.
Think of these as obligations you have to meet before your bonus becomes withdrawable.
For example: You get a 100% match bonus of up to Rs.5000 when you sign up with an online casino. This bonus comes with a 30x wagering requirement. That means you are going to have to bet 30 times the bonus before you can withdraw that Rs.5000. A simple calculation will help you realize that you have bet Rs. 1,50,000 to get a bonus of Rs. 5000.
It does not seem like such a great deal does it?
Of course, the wagering requirement can be different. It can be as little as 3x or as high as 150x. The lower the requirement, the better the bonus.
Another thing to keep in mind is that not all games help contribute you to meeting this wagering requirement. Casinos may have some games that qualify to help you fulfill your wagering requirement while others do not. Read the terms and conditions before you start playing so that you don't get a shock later.
In general, the wagering requirement for a sports betting bonus is much lesser than for an online casino bonus. You can also go through your online wagering requirement much quicker and make more money so we guess that is fair.