Betting Bonuses: What does wagering requirement 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 This means you need to use that £40 bonus to place bets of £120 in value before it can be withdrawn (£40 x 3 = £120).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 This means you need to use that £100 bonus money to place bets of £3,000 in value before it can be withdrawn (£100 x 30 = £3,000).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.