Understanding how wagering requirements work

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Online casinos come with some irresistible and attractive bonuses. However, there are no entirely free funds, and a player must take this into cognizance when looking for an online casino to register. Some online casinos offer bonuses that appear too good to be true, however, there is a catch, and this is stipulated in the terms and conditions that can be a real deal breaker. This reality dawns on players as they realize that these attractive sums can never be converted to real money and withdrawn by the player. We have come up with information on wagering requirements with key details that players must pay attention to before accepting bonus offers from online casinos.

 

One must understand what a wagering requirement is. It is number that signifies the amount of real money that a player has to deposit and wager in order to ensure that the bonus money is converted to cash that can then be withdrawn. Every information on wagering requirements is usually found under the Terms and Conditions page on any online casino website.

 

The calculation of how much money one has to wager.

Let’s use this instance. A player signs up with an online casino and receives a welcome bonus of 100% which can amount to $100.  The wagering requirements are then set at deposit bonus received multiplied by 30. For one to know how much money he has to wager to release bonus and winnings, he has to do a multiplication of the wagering requirement by the amount he has deposited or received. If he made a deposit of $100 and received a bonus of $100, he will have to wager $200 multiplied by $30 or $6,000 in real cash to be able to have the bonus funds and winnings available for withdrawal.

 

These wagering requirements are dependent on the casino and this is why it is important to peruse through all the rules before accepting any bonus. Some casinos are designed such that only the bonus amount is subject to wagering requirements while some others may have lower wagering requirements but the bonus and deposit received are subject to it. Wagering requirements are normally set between 20x and 50x but can also be higher in well. One must avoid commitment to such casinos.