Betting Bonuses: What does wagering requirement mean?

What does wagering mean?

The purpose of a wagering requirement is to protect a gambling site. They obviously can’t let players cash out a bonus straight away or else they wouldn’t be able to offer bonuses at all.

Instead, they often include a ‘wagering requirement’ (also known as play-through or turnover requirements) which mean you have to use the bonus you get to place more bets until you’ve reached a certain amount.

It sounds complicated, but it’s not too difficult to get your head around – especially with a few examples. But how you bet can be a bit different depending on the type of offer you get – sports betting, casino, or bingo. Here, we’ll explain exactly what it means for each one.

What does wagering mean in betting?

A betting bonus is perhaps where you will see wagering the least. That’s because betting sites often don’t require players to wager their bonuses. Instead, they use other terms and conditions – such as minimum odds, offers on losing first bets only, free bet stakes not included in winnings, and more. However, occasionally you may find a sports betting site offering a bonus with a wager requirement.

Let’s say you get a sports betting bonus of £40 with a wagering requirement of x3. This means you need to use that £40 bonus to place bets of £120 in value before it can be withdrawn (£40 x 3 = £120). 

There may well be other terms and conditions attached too. Make sure to read all the terms and conditions before playing.

What does wagering mean in casino?

You are much more likely to have to wager a casino bonus. That’s because online casinos include a wagering requirement for almost all of their offers – except in very rare circumstances. Exactly how it works depends on the type of offer, so it’s important to understand both.

First, let’s say you get casino bonus money of £100 with a wagering requirement of x30. This means you need to use that £100 bonus money to place bets of £3,000 in value before it can be withdrawn (£100 x 30 = £3,000). 

This obviously works in a very similar way to sports betting, but with a much higher target. In general, sports betting offers have more favourable targets.

The other very common bonus is casino free spins. This allows players to spin a slot machine a certain number of times without using their own money. The wagering requirements in this case are then attached to any winnings. 

Let’s say you win £10 from free spins which has a x30 wagering requirement. This means you would need to use that £10 in winnings to place bets of £300 in value on slots before it can be withdrawn (£10 x 30 = £300). 

This is the only time when a wager requirement is applied after you use a bonus, as it all depends on how much you win.

All types of casino bonuses often have other terms attached as well – such as maximum bets while playing, a maximum cap on how much you can win, and more. Again, you should always check the full terms and conditions before playing.

What does wagering mean in bingo?

It’s also very common to have to wager a bingo bonus. These offers are very similar to their casino counterparts, with wager requirements applying to the vast majority. Thankfully, they work in pretty much the same way so it’s not difficult to calculate.

Let’s say you get a bingo bonus of £50 with a wagering requirement of x10. This means you need to use that £50 bonus to place bets of £500 in value on bingo games before it can be withdrawn (£50 x 10 = £500).

As some gambling websites have both casino and bingo games, it’s possible to find offers that mix these two types of bonuses together. Make sure to check the terms and conditions to find out how much you need to wager each one (along with any other terms) – as they will likely be different.


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Significant Offer Terms and Conditions

  • Your first deposit/transfer (minimum £10) to Casino will qualify for a 100% matched bonus, up to a maximum of £100. This is your ‘qualifying deposit/transfer’. Select the Offer Code BONUS100 when making your qualifying deposit/transfer.
  • You will need to wager the amount of your qualifying deposit/transfer (capped at £100) and bonus 15 times on eligible games before you can withdraw your bonus funds and any winnings from them. Not all games contribute, or contribute at the same rate towards the wagering requirement. Please see Full Offer Terms and Conditions.
  • Any funds that you deposit/transfer above your qualifying deposit/transfer (capped at £100) can be withdrawn at your discretion without any impact on this offer. These funds will be held in and can be withdrawn from your ‘Withdrawable balance’.
  • When this bonus is active, winnings from your deposits/transfers will be paid into your ‘My Funds’ balance. You can withdraw from your My Funds balance at any point. You will, however, forfeit the bonus and all funds held in your Bonus Funds balance if you withdraw from your My Funds balance prior to completing the wagering requirement.
  • Minimal risk wagering on all versions of Roulette (which is defined as placing bets in such a way whereby the coverage of betting options exceeds 67% of all betting options), and all versions of Baccarat (which is defined as placing bets on both Player and Banker at the same time), will not contribute towards the bonus wagering requirements.
  • A bet on a single game round cannot exceed 30% of the matched bonus.
  • If the wagering requirement has not been met within 30 days of your qualifying deposit/transfer, any funds held in the Bonus Funds balance will be removed.
Qualifying
  • This New Player Bonus cannot be claimed after 10:59 GMT on 30th September 2020.
  • Your first deposit/transfer (minimum £10) to Casino will qualify for a 100% matched bonus, up to a maximum of £100. This is your ‘qualifying deposit/transfer’.
  • You must select the Offer Code BONUS100 when making your qualifying deposit/transfer. If you do not wish to receive the New Player Bonus, you must select No Bonus from the Offer Code menu.
  • This offer is only available to new and eligible customers. You can see a full list of your available offers by logging in and selecting the Offers section. bet365 maintains a record of customer contact in relation to eligibility for offers and this record, including the date and time of any restrictions being imposed, will be final in the event of any dispute.
Releasing Your Bonus
  • You will need to wager the amount of your qualifying deposit/transfer (capped at £100) and bonus 15 times on eligible games before you can withdraw your bonus funds and any winnings from them.
  • Not all games contribute, or contribute the same percentage to your wagering requirement as stated in the below table (please note that additional games may be added to this list when they become available on bet365):

    Games Stake Contribution Wagering required to release bonus funds
    All games (excluding below) 100% (£10 deposit + £10 Bonus) x 15 = £300
    All games within the Games & Keno category (except Keno) 50% (£10 deposit + £10 Bonus) x 15 = £600
    Baccarat and 3 Card Brag 25% (£10 deposit + £10 Bonus) x 15 = £1,200
    Craps, Pai Gow Poker, Red Dog, Roulette, Sic Bo and Stravaganza 20% (£10 deposit + £10 Bonus) x 15 = £1,500
    Blackjack (all variations except Blackjack Surrender and Blackjack Switch), Casino Hold’Em and Casino Stud Poker (all variations) 10% (£10 deposit + £10 Bonus) x 15 = £3,000
    All Video Poker games 5% (£10 deposit + £10 Bonus) x 15 = £6,000
    Live Hi-Lo, Blackjack Surrender, Blackjack Switch, Pontoon, Video Poker or Video Slots double-up games 0% N/A
  • Minimal risk wagering on all versions of Roulette (which is defined as placing bets in such a way whereby the coverage of betting options exceeds 67% of all betting options), and all versions of Baccarat (which is defined as placing bets on both Player and Banker at the same time), will not contribute towards the bonus wagering requirements.
  • A bet on a single game round cannot exceed 30% of the matched bonus.
  • If the wagering requirement has not been met within 30 days of your qualifying deposit/transfer, any funds held in the Bonus Funds balance will be removed.
Withdrawing
  • Any funds that you deposit/transfer above your qualifying deposit/transfer (capped at £100) can be withdrawn at your discretion without any impact on this offer. These funds will be held in and can be withdrawn from your ‘Withdrawable balance’.
  • When this bonus is active, winnings from your deposits/transfers will be paid into your ‘My Funds’ balance. You can withdraw from your My Funds balance at any point. You will, however, forfeit the bonus and all funds held in your Bonus Funds balance if you withdraw from your My Funds balance prior to completing the wagering requirement.
General Information
  • Any prize/bonus amounts offered will be calculated using bet365’s currency multiplier table applicable at that time. You can view bet365’s currency multiplier here.
  • In an attempt to combat fraudulent activity, bet365 has introduced methods to detect and prevent abuse of this offer. bet365 may ask any customer to provide sufficient documentation and/or verification steps for it, acting reasonably, to be satisfied as to the customer’s identity prior to crediting any offer, bonus funds and/or winnings to their account.
  • All customer offers are limited to one per person. If bet365 has reasonable grounds to suspect that the bonus or offer is being claimed by or for the benefit of the same person more than once or by a group of people then it may withdraw the availability of any offer or all offers to that customer or group of customers and/or void any wager funded by the bonus and remove any winnings from such wager.
  • Where any term of the offer is breached or there is evidence of a series of wagers placed by a customer or group of customers, which due to a deposit bonus, enhanced payments or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, bet365 may reclaim the bonus or enhanced payment element of such offer, void any wager funded through the offer and/or remove any winnings from such wager. In addition, where there is evidence of such activity, bet365 may levy an administration charge on the customer up to the value of the bonus or enhanced payment towards the administrative costs incurred in identifying and taking action against that activity.
  • bet365 may reclaim any bonus amount that has been awarded in error.
  • bet365 may, at any time, make minor amendments to this promotion to correct typos or to improve on clarity or customer experience and may cancel this promotion for legal or regulatory reasons.
  • Employees, officers and directors of bet365, its promotional or other agencies, licensees and licensors, service providers and any other associated or affiliated companies shall not be eligible for the promotion. The same terms shall apply to the direct families of such persons. This is an advertisement

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