Wagering requirements are the number of times you have to play through your bonus before withdrawing any wins. You can also read them as an amount of money you must stake. In its Terms & Conditions, each site specifies the wagering requirements, as they can apply differently to different games and bonuses.
Sometimes, sites call them rollover or playthrough requirements. Nonetheless, real money online casinos prefer playthrough, while sportsbooks stick with rollovers. These limits vary depending on the company’s policy, games, and bonuses. All in all, if you don’t meet the wagering requirements, you won’t be able to turn your bonus funds into a withdrawable cash amount.
What Are Wagering Requirements
In short, a wagering requirement is a rule online casinos instate in their welcome offers to challenge the players and prevent them from withdrawing the funds right away. The wagering requirement represents the number of times the player has to wager through the bonus funds to convert the winnings into real money and be able to withdraw them.
How Wagering Requirements Work
The wagering requirement represents the number of times you have to wager the bonus amount to complete the bonus and unlock withdrawals. For instance, you claim a $100 bonus at a 10x wagering requirement. In this case, the total wagering amount is $1,000. Or if you claim a $200 bonus at 20x wagering requirement, the total wagering amount is $4,000.
Calculation of Wagering Requirements: Example
You only need simple maths to calculate the wagering requirements, or to be more precise – multiplication. Online casinos usually provide playthrough requirements between 35 and 70 times. This means that you’ll have to stake your bonus or the whole amount for (by) 35 or 70 times.
Let’s take wagering requirements of 35x as an example:
Suppose you make a 10 NZD deposit and receive a 100% deposit match as a welcome bonus. This gives you an extra NZ$10 to play with, bringing the total balance to NZ$20. If the casino applies a 35x wagering requirement to the full amount, you’ll need to wager the entire NZ$20 35 times before you can withdraw your winnings.
This means you would need to place bets worth a total of NZ$700 (35 x NZ$20). Once you meet this requirement, your eligible winnings can be withdrawn.
Some casinos, however, apply wagering requirements only to the bonus amount, which is common with non-sticky promotions. In this case, you would need to wager NZ$350 (35 x NZ$10) instead.
A casino may also set a higher playthrough requirement, such as 70x. With a NZ$20 balance, this would mean wagering a total of NZ$1,400 (70 x NZ$20) before meeting the requirement.
In any case, always check the T&Cs of each casino bonus before claiming it.