Wagering requirements are one of the key concepts you need to understand regarding online gambling. These requirements refer to the number of times that you must wager your bonus money before you can cash out any winning. Wagering requirements, sometimes also referred to as playthrough requirements or rollover requirements, are found in many types of bonuses, such as a no deposit bonus. 

How Does Wagering Requirement Work?

Let’s say you walk into an online casino and start off with a £50 bonus and a 20x wagering requirement. So, you have to bet £1,000 in total (20x the value of the bonus) before you can withdraw any winnings. It works by playing qualifying games using funds from your bonus, and any wins from these games are usually held in a separate balance until you meet the wagering requirement. 

Bonuses Types and Wagering Criteria

There are various types of bonuses, each with its own wagering requirements. In other words, a no-deposit bonus allows you to play without having to deposit first, but such a bonus generally has increased wagering requirements, so players must play the games. Deposit bonuses, on the other hand, do require you to make a deposit first, and the wagering requirement could be on the bonus plus the deposit amount. 

Meeting Wagering Requirements

A wagering requirement is a condition where you need to play through the bonus funds (and often the deposit, too) on eligible games before you reach the required total. Not all games contribute equally towards wagering requirements; some games, such as slots, may count in full, with other games, such as blackjack or roulette, only contributing a small percentage of each bet. 

Tips for Managing Wagering Requirements

• Check the Terms and Conditions: Check the games you are allowed to play and how much you need to roll over before you can withdraw winning. 
• Pick Games Carefully: Opt for games that make a 100% contribution toward fulfilling the betting requirement to clear it sooner. 
• Create a Budget: Determine how much you can spend and stick to it if you do not want to overspend.
• Consider the Time Limit: Some incentives come with a wagering requirement that needs to be completed within the bonus expiry time. Allow yourself a good amount of time to finish them. 

Common Mistakes to Avoid

• Misunderstanding the game contributions: When it comes to bonus wagering, certain games will contribute 100%, 50%, or 0% and if you are not aware of those rates it can be frustrating to realize you are not completing the requirement as quickly as you thought. 
• Betting Over the Max: Some bonuses will have a maximum amount you are allowed to wager while the wagering requirement is still active. If exceeded, you may lose your bonus and the winnings you got from it. 
• Not Meeting the Time Limit: Each wagering requirement will give you a timeframe to meet the conditions of your bonus. If you fail to do so, you will lose your winnings and bonus.

Conclusion

Wagering requirements are a crucial element in online gambling, ensuring players play the games instead of just taking a bonus and the money out right away. However, if players know how these requirements work and are careful, they can benefit from their bonuses and win as much as possible.