Wagering requirements or rollover requirements are conditions that online casinos impose on bonuses and free spins to prevent gamers from abusing the offer. You can learn more about the intricacies of wagering requirements at wizard slots.
Often, most casinos offer one or more bonuses to attract new gamers and keep them engaged. Bonuses can be free spins, welcome bonuses, re-deposit bonuses, or credit handed out as part of a weekly or seasonal promo.
Players often think these bonuses are free credit to play the casino’s games with a chance to win real money. However, this is far from the truth. The truth is that most bonuses have wagering requirements attached to them.
What are Wagering Requirements?
The wagering requirement is the number of times you have to wager your bonus before withdrawing. In most cases, the requirement applies to your deposit and bonus, not just the bonus amount.
For instance, a wagering requirement of 5x means you have to wager your deposit and bonus amount five times before withdrawing any winnings. If you deposit £100 for a 100% deposit bonus, you will have £200 in your account. When the 5x rollover is applied, you have to bet £1,000 before you can withdraw.
In other cases, you will find that some wagering requirements exclude the deposit amount. In this case, the calculation is done as follows:
For example, if a casino offers you £60 when you deposit £20, with a wagering requirement of 5x. You will have to playthrough £300 before withdrawing. i.e., 60 (bonus) x 5(wagering)= £300.
If you have been awarded free spins with wagering requirements, you will need to determine the requirements based on how much you win. For example, if you claim 20 free spins with a 10x wagering requirement, you win £5 while playing. You calculate as follows:
£5 (Free Spins Win) x 10 (wagering) = £50.
As you see from the examples, you must complete the wagering requirements before withdrawing.
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Why Wagering Requirements Exist
Wagering requirements became a thing with the rise of online casinos for a simple reason: the mob and their connections. The inability of casinos, both online and land-based, to escape the stigma of criminal ties due to their origins, the government closely monitors them.
As a result, the wagering requirements are in place for the need of the casinos to comply with anti-money laundering regulations. If there were no wagering requirements in place, it would be easy for criminals to launder millions of cash by depositing and withdrawing straightaway.
Always Read the Fine Print
Reputable online casinos adhere to the strict conditions posed by the gaming authority. One of these conditions is to display the relevant terms and conditions. The terms and conditions reveal important information regarding the bonus. Things to check out for include:
- The minimum deposit
- The winning cap
- The wagering requirement of the offer
- The time limit
- Bonus bet limit
- Eligible games
Only sign up for a bonus if you have read the terms and conditions at proteinrealm. If you are content with what you have read, the next step is to register an account and deposit to receive your bonus.