20x Wagering Requirement

  

Wagering requirements are never a set monetary figure. Instead, they will be a multiplier of the bonus amount received. This multiplier is set by the casino. In this case, mFortune’s wagering requirement is 20x, which is only applied to free bonuses and winnings from free spins. Which Bets Count Towards My Wagering Requirement? Let's say the wagering requirement is 20x and the bonus being offered is a 100% match bonus up to $100 free at an online casino and let's say that for the sake of this example you take advantage of the full $100 bonus and so you've deposited $200. Also let's say that the playthrough is 20x your deposit + your bonus. Calculation: $200 x 20 = $4000. New players only. 20x wagering requirement. Expires after 7 days. Max withdrawal from bonus winnings £50 T&Cs apply, BeGambleAware.org. New customers only. Opt in required. 1x per customer. Max 50 free spins with 20x wagering. Stake £10 stake & get 100 free spins on completion with 20x wagering. Selected slots only. Free spins expire 24 hours after issue. Eligibility rules, game, location, payment method and currency restrictions and See full terms below.

  1. What Is 20x Wagering Requirement
  2. 20x Wagering Requirement Meaning
  3. 20x Wagering Requirement For Cash
  4. 20x Wagering Requirements
  5. What Is A 50x Wagering Requirement
  6. 20x Wagering Requirement For Employers
  7. What Does 20x Wagering Requirement Mean

Wagering & Playthrough Requirements

By: CasinoAdvisor.com, Wednesday June 4th 2008

Due to the generosity of online casinos who offer players essentially free money in exchange for their signing up and playing and or patronage to an online casino it is necessary for casinos online to apply what's know as wagering or playthough requirements. These requirements are structured and in place to offset the risk that a casino takes by offering bonuses to it's players.

Wagering / Playthough requirements often times are not the most obvious as it's not one of the more attractive parts of the offering provided by casinos but none the less required. It's because of this that they are often times tucked away and not so obvious to find. The most important thing to keep in mind if you're evaluating a bonus at a casino you'd like to play at are the terms and conditions for that bonus which will include details on the wagering / playthough requirement for the particular bonus. Usually the link to the section that within a casino site that will provide the conditions of the bonus will be in either the promotions / bonus page of the casino site or alternatively somewhere below where there is mention of the bonus.

So what exactly is a wagering requirement?

A wagering requirement is a number that represents the number of times you have to playthough either the bonus or the bonus + the deposit at an online casino before you are eligible to cash out. The number that represents the amount of playthough required for a bonus is typically assigned by the risk management team representing the casino. Generally the more generous the bonus, or if it's too good to be true it's likely that they will have imposed a larger wagering requirement for the bonus. Playthrough requirements can range between 15x for the less strict bonuses and up to 40x for the more strict bonuses.

Example:

Let's say the wagering requirement is 20x and the bonus being offered is a 100% match bonus up to $100 free at an online casino and let's say that for the sake of this example you take advantage of the full $100 bonus and so you've deposited $200. Also let's say that the playthrough is 20x your deposit + your bonus.

  • Calculation: $200 x 20 = $4000

So in the above example you will have to playthough $4000 worth of bets before you'd meet the wagering requirements for the bonus and be eligible to cash out.

Are there different wagering / playthough requirements for different games?

This is where things get a bit more complicated. Often times casinos will place different percentages on specific games that account for the contribution to meet the wagering requirements. Typically slots wagers will count for 100% of their bet value towards the play through requirement but other games like blackjack & roulette may not count at all or count for very little towards meeting the requirement. The percentages of the contributions for various games at casinos for their bonuses will often times vary and it not overly consistent in the industry. It is however believed that casinos powered by Microgaming software that utilize the 'Clear Play Bonus System' do have standards that are consistent across all casinos powered by their software.

Example:

Let's say the player receives a bonus of $100 with a 20x wagering / playthough requirement at the casino.

He/She then proceeds to bet the following amounts on the following games $30 on Slots, $20 on Video Poker, $20 on Blackjack and $20 on Roulette.

The total amount of the contribution for the wagering requirement would be as follows (note: that this is just an example and that before playing be sure to review the casinos terms and conditions for the bonus so as to know exactly how much each game contributes to your meeting the wagering requirement):

Wagering
  • Contributions: 100% of $30 (Slots) + 80% of $20 (Video Poker) + 10% of $20 (Blackjack) + 25% of $20 (Roulette)
What is a 50x wagering requirement

So $30 + $16 + $2 + $5 = $53 has been wagered towards meeting the $2000 wagering requirement.

What Is 20x Wagering Requirement

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Comments

Add Comment
Comment by: chris1004 On: May 04, 2010
Too much work is often time needed to figure this stuff out it should all realistically be very straight forward.
Comment by: bbqboyhere On: March 01, 2010
Good article guys and way to explain wagering requirements to players I like seeing this kind of thing and knowing that people have an easy way to research this information. I know that for me personally that I've found a lot of value in the information that's presented here on the site.
Comment by: Nathan Black On: February 19, 2010
As a general rule of thumb it's worth avoiding online casinos that have wagering requirements that are in excess of say 50x the deposit and bonus amount combined of course it also depending on the percentage match of the bonus for a 100% bonus this would be the case but for other bonuses such as those where they say offer 200%+ then it's not so bad.
Comment by: Bennet Jones On: February 17, 2010
I've always found that wagering requirements are kind of silly and a waste of time to try to interpret as you're playing at online casinos. It's my belief that casinos that do it best are those out there that separate cash and bonus balances so that you essentially always know what you're doing.
Comment by: Channy On: January 20, 2010
I've always thought wagering requirements to be dumb and not necessary but I do truly believe that they server a purpose and more then that have an immense amount of value for protecting the casinos. It's not always good for us players but in the end they're manageable.
Comment by: Sara D. On: January 19, 2010
Wagering requirements although kind of stupid so make more sense to me know that they're fully understood. When I first started playing at online casinos I really didn't understand what it was all about and why they were needed. I do understand now though and although I think that they're still kinda stupid and all in favor of the casino that they are put into place to protect the casino from bonus abusers.
Comment by: nychopper On: December 11, 2009
Sometimes that wagering requirements that are set out by online casinos are ridiculous and really hard to ever even meet. Be sure you fully read the terms and conditions of the bonuses that you take before you do even if it requires a bit of time to read though all their legal gibberish.
Comment by: Jordan On: November 27, 2009
Wagering requirements make sense and are OK with me as I know they're designed to protect the casino from fraud but make it easy for players for the love of god. I think that some online casinos need to ease up on their wagering requirements as sometimes they're virtually impossible to reach and this totally isn't something that I agree with!
Comment by: Ponto Rio On: November 03, 2009
I really hate having to follow wagering requirements so I always prefer it when online casinos simply do the math for you and separate the two balances. This method of doing thing's just makes it far more clear to players like ourselves.
Comment by: Joshua On: October 14, 2009
I fully understand why online casinos have wagering requirements but the way that most of them deal with it is pretty primitive if you ask me. I beleive that if they were to implement a more simple means of dealing with bonuses and withdrawals / cashouts after bonuses have been claimed by players would be beneficial and help keep players around for longer rather then having them flippy floppy between different online casinos!
Comment by: James Ballthasar On: September 23, 2009
Make sure that wherever you play that you fully understand the casinos terms. If you're playing at a casino that offers something similar to Microgaming's clear play bonus system where they transfer funds from your bonus balance to your cash balance as you play it's not nearly as important but still at the same time you should have a good clear picture of how wagering requirements work. Also if you are playing at a casino that supports the kind of bonus system that I mentioned you should know that there is different contributions for different games for the transference of the balance.
Comment by: Jane Parker On: September 14, 2009
If there's one thing I've learned about playing at online casinos it's that it's always key to know the wagering requirements of the casino that you're playing at well. Lucky thing is that now a days most of the online casinos make it rather clear by separating out your bonus balance and cash balance into two separate values. It's a much better system and way of dealing with it and it sort of eliminates a lot of the ambiguity in wagering requirements in general.
Comment by: casinowizard On: July 09, 2009
Wagering requirements are a pain in the but especially when online casinos don't really separate their bonus balance and cash balance. The way that Wizard, Microgaming, and Vegas Technology do this is much better IMHO.
Comment by: Elizabeth On: June 29, 2009
If there's one piece of advice that every player who indulges in playing at online casinos it's that knowing and understanding the wagering requirements of any bonuses that you take advantage of before playing will save you a ton of hassles and headaches. Just as an FYI be sure that you go though them and if you have questions post a question on a message board or alternatively contact the online casinos customer support team for assistance.

20x Wagering Requirement Meaning

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Before you can start enjoying bonuses, you need to understand the low wagering requirements of online casinos first. You cannot really enjoy that bonus and any profit that you will get from it unless you meet the wagering requirement.

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You have to remember that online casinos are still in it for the profit. Sure, they will give you a bonus just for signing up with them and creating an account. And when you make your first deposit, you are most likely to get a bonus as well. If you are a new player, you will be enticed to sign up if it means you are given this bonus money that you can play with. If you deposit €100 and they will give you another €100 as a bonus, that would leave you with €200 to play with. That is awesome, right?

It seems too good to be true – but what is the catch?

If you think that there is something fishy about all these freebies, do not fret. All of these are strategies are not there to trick you. These are actually part of a system that all online casinos implement to help protect the whole industry. At the very most, the bonus will encourage you to really commit and try out the online casino.

But for you to really enjoy the bonus – specifically the profit and winnings you will get out of it, you need to meet the casino bonus wagering requirements first.

What is a low wagering requirement?

Let us define a wagering requirement first. This is simply the number of bets that you need to meet in order to be allowed to withdraw the winnings you got from the bonus money. Basically, that means the bonus money is not really free. Before you feel like you had been tricked – that is not true. The bonus money is yours to use so you can play more games and explore more of the online casino and play longer without putting in more money.

Now that is clear, what is a low wagering requirement?

20x Wagering Requirement For Cash

This is the minimum bets that you need to meet in order to cash out your winnings. When you get a bonus for either signing up or making a deposit or simply by being loyal to an online casino, you need to use that money first. You cannot cash it out.

20x Wagering Requirements

Characteristics of a low wagering requirement

Here are the important things that you need to know about it.

  • You need to use it to make bets depending on the “x” amount of times that the online casino requires. For instance, there is a wagering condition of 20x the bonus amount. If you got €100, that means you should bet €2,000 in the games.
  • You can reuse the winnings that you got – as long as the worth of bets will reach that amount. Only after that can you withdraw any winnings you got from using the bonus money. You might think this is a huge amount but if you play the slots, you will reach this amount in no time at all.
  • You have to consider the gaming contributions too. Some online casinos will not allow you to meet the wagering requirements by just playing slots. Some will require you to play a couple of table games too. Not only that, some casino games will only consider a percentage of your bet to qualify as a wagering requirement. For instance, a Roulette game will only contribute 10%. So if you bet €10, only €1 will be added to the wagering requirement.

With all of these, it is highly possible that there will be nothing left of the bonus money after you have met the low wagering requirements. However, you need to consider the fact that you could already have a substantial amount when it comes to the winnings that you got from betting the bonus money.

What Is A 50x Wagering Requirement

Make sure that you read the terms and conditions of the online casino so you know how to use the bonus to your advantage.

About low wagering online casinos

20x Wagering Requirement For Employers

Maybe you are wondering, why do online casinos use low wagering requirements? As mentioned, this is not meant to trick you to play their games. It is a system that puts a certain balance in the industry. When you first understand what it is all about, you will think it is quite sneaky. But in reality, it is not.

In the past, online casinos did not have the wagering requirements. This led to some players abusing the bonus that they are giving away. Instead of removing it, the wagering requirement was implemented. This allows them to flush out the abusive players while still rewarding those who sincerely just want to enjoy playing online casino games.

Of course, this does not mean they are still above reproach. Some, admittedly, would impose difficult terms and conditions that will make it hard to meet wagering requirements. This makes withdrawal next to impossible. This is how low wagering casinos come out to balance the whole thing. With the presence of these online casinos, other sites have to stay competitive. That means they are forced to loosen the restrictions with their respective wagering requirements.

Over time, more and more online casinos have emerged with an offer of low wagering requirements. While this seems like good news for everyone, you still have to exhibit a certain level of cautiousness. A low wagering requirement should not be the sole reason for you to try out an online casino.

Make sure you have checked the signs that they are secure, safe, legit, and also trustworthy. Explore the games you see on their website and read reviews to see if the positive outweighs the negative. A low wagering requirement and a bonus should just be the icing on the cake.

Benefits of low wagering requirements

Probably the main benefit of low wagering requirements is in helping online players have enough funds to explore the online casino and play the games. However, there are other benefits that it can give to the industry as a whole.

What Does 20x Wagering Requirement Mean

  • It keeps players from abusing the bonus. Some would just get the bonus and withdraw without really using it to play games or make bets. This will end up as a loss to online casinos.
  • It forces online casinos to implement reasonable and transparent wagering requirements and withdrawal conditions. While the wagering requirement is for the benefit of the online casino, it can also be subjected to abuse. This will leave online players at a disadvantage. When some online casinos implement a low wagering requirement, this will force others to stay competitive by offering their own.
  • It separates the online casinos who are fair. A low wagering requirement showcases the effort of an online casino to be fair and honest with the online players. This establishes trust and respect across the industry. It also becomes a sign of a reputable and trustworthy online casino.

As you can see, the low wagering requirement is not just there to make sure that you try out an online casino. It does have a role to play in maintaining a balance in the online casino industry.

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