What are Online Casino Bonus Wagering Requirements? June 10, 2014

You should always read through the terms and conditions prior to accepting a bonus at any of today’s online casinos. Normally there are wagering requirements attached to these bonuses and this means that before you can cash out any winnings that you might happen to actually make from this bonus, you would need to wager ‘X’ amount of cash before you could even think about cashing out.

This is a fairly standard policy at almost every online casino and it is also often referred to as the Playthrough Requirements. Most players fail to read the small print when claiming such bonuses for the first time and this often results in the player not being able to cash out any of their winnings. Let’s just say that the casino is offering all New Zealand players a 100% matching deposit bonus worth up to NZ$500.

This means that you can deposit up to a maximum of NZ$500 and the casino would instantly double your funds on your first ever deposit. In other words you would end up with a total of NZ$1,000 to play with (NZ$500 initial deposit + NZ$500 bonus cash) instead of NZ$500. The T’s & C’s might state that you must wager this bonus amount at least 30 times before you could cash out and 30x times the bonus amount is usually fairly standard. If you deposited the full NZ$500, it means that you would have to wager a total of NZ$15,000 (30 x NZ$500) before you could withdraw any winnings.

If you deposit the minimum of perhaps just NZ$10, it means that you would have to wager a total of NZ$300 (10 x NZ$30), and so on. Some casino bonuses may only have a 20x wagering requirement attached to them, whereas other bonuses might have a massive 40x or even a 50x wagering requirement attached to them. The lower the wagering requirement, the better it is for you as a player. You can generally find out how much you have left to wager before you can cash out any winnings either by contacting the support or by looking for this information somewhere in the ‘My Account’ section.

Also remember that some games will count more towards completing your wagering requirements than other games. For example, online pokies, keno, scratchies, video pokers, speciality games, arcade games and other similar games tend to count more towards completing your wagering requirements. Games like Blackjack, Roulette and most other Table Games (Craps, Casino Hold’em and several other Online Poker varieties) will count less towards completing your wagering requirements.

This is why we suggest that you read carefully through the bonus terms & conditions before accepting any offers. You may even find that you only have one month to complete the wagering requirements. If you decided that you want to opt out at any time or if you fail to complete the wagering requirements before the bonus expires, you would simply forfeit the bonus cash.

 

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