Whenever you’ve stumbled across a new casino, you may have noticed that they offer you a welcome bonus with free cash that you can play with. You might wonder just why they’re giving you money just to get you on board. This is because while they are really offering you free cash to play with, this money comes with strings attached. And those strings are called wagering requirements.
What are wagering requirements?
These are simply a set of things you need to do with your welcome bonus or some other betting promotion in order to be able to use or withdraw the cash. This requirement usually consists of playing a certain number of times or setting a certain level for your bet before you will be allowed to withdraw the bonus amount.
How do wagering requirements work?
You will notice the wagering requirements mentioned on the site wherever they give you the terms and conditions of the bonus and it will be displayed as a number with an X next to it. You will need to therefore play your bet amount an ‘x’ number of times and at times only on a certain type of game instead of other types of games so that you can withdraw your winnings at the end of the game.
Why do these requirements exist?
The reason online casinos put wagering requirements in place are many. Some of them are:
To prevent fraudulent gaming activity: The risk management policy of the casino may require it to put these clauses in simply so that they are protected even when they are giving away cash. Without these restrictions in place, it would be easy for a person to cheat the casino and make good with the money.
To entice new players to play there: Most online casinos face fierce competition from each other and from land based casinos. They therefore need to be very inventive with bonuses and promotions to encourage new players to visit them and deposit cash with them. Here’s where wagering requirements play a very important role in letting them give away free cash while still maintaining profitability.
How do I learn more about them?
You can visit the site’s terms and conditions section where they explain about the various bonuses and promotions and what you need to do to be able to enjoy them fully.
How do I fulfil these requirements?
Some of these wagering requirements need to be fulfilled within a particular timeframe, like a joining bonus which may be required to be used within the first 30 days of joining the site. Make sure you have read all of the terms associated with the bonus before you begin to use it.
Protecting their free cash giveaways is the online casino’s right and it’s your right as a player to be able to use it to win cash. Just make sure you get what you pay for!