Wagering Requirements are almost always attached to a bonus, to prevent players from simply collecting the bonus money and then cashing out. In a nutshell, a Wagering Requirement can be described as the amount of money that needs to be wagered before a player can make a withdrawal from their players account, in the event that they agree to accept the bonus money. Most casinos will require the wagers to equal the amount of the qualifying deposit plus the amount of the bonus, multiplied a certain number of times. A good example of this is at Circus casino bonus wager Casino, where the wagering requirement for the Initial Deposit Bonus is 25 times. If you make an initial deposit of 150 and your bonus money equals 150, your wagering requirement will be 25 times 150 plus 150, or 7500. You will find that some casinos have a higher wagering requirement, while some casinos are lower. There are usually other restrictions attached, so don’t just look at the amount to decide which bonus is best.
One of the restrictions that you might find in the “fine print” would be the limitations on the games that are eligible towards the wagering requirements. In some casinos, for example, all of the wagering placed on the Slots games are applied towards the wagering requirements, but none of the wagers on live dealer roulette are counted, and live blackjack is only partially applied. These restrictions are usually spelled out in the terms and conditions of the bonus in question. You might have to delve a bit further to find these, but it is definitely in your best interest to find this information before you make any commitments.
Another factor that you need to look at is how the bonus in question is paid out. While most are paid out as a cash deposit into your players account, you will find that some of the bonuses are paid out in prizes, or entries for a prize drawing, or even as points that you can convert to either cash or prize.
One of the most important, and tedious, fact finding that you need to do is in checking out the section that describes the terms and conditions. These are very precise, and while they don’t make for exciting reading, this information is very important for you to have before you start to play. If you really want to play live dealer games, then you want to find the bonuses that encourage live dealer games and will pay you for playing them. It doesn’t do you any good to accept a bonus that will keep you from playing the games that you enjoy the most.
Last, but certainly not least, you will need to find out what the penalties are for making a withdrawal before meeting the wagering requirements. Most of the casinos will not allow you to withdraw any bonus money, or the winnings that you have as a result of using this bonus, until the wagering requirements are met. When you make a deposit and accept the bonus that is offered, there will actually be two separate deposits made into your account, one for your initial deposit and one for your bonus. The wagers that you then make will be taken from your “bonus pool” until you meet your wagering requirement or the balance zeros out. Once the wagering requirement is made, the money from the “bonus pool” will be transferred into your player’s account, which is then yours to withdraw as you wish. If you try to make a withdrawal prior to that, you will forfeit your bonus money and any of the winnings that are tied to it. For this reason, you need to be absolutely sure that you are willing to meet any and all of the requirements attached to any bonus before you opt to accept it.