Have you ever seen an online casino bonus offer and thought, “wow! I can deposit $500 - collect my $500 bonus - and cash out $1000 ten minutes later”. Many newcomers to the online casino world think this when they see the large bonus offers that are out there. There is one problem - WAGERING REQUIREMENTS!
What are these “wagering requirements” at online casinos? In a nutshell wager requirements are how much money you must wager at that casino before you can take out your bonus. Each casino sets some sort of playing requirements on that bonus money making it more difficult to yank. For instance, you might see a common ‘wagering requirement’ set at “15x play through”. These requirements are applied to both the deposit and the bonus. So, if you put in $500 and got a $500 bonus. That is $1000 x 15 or $15,000 dollars you must wager before you can withdrawal that bonus money.
Yikes! Sorry to burst your bubble. But in all honesty these wagering requirements are a very good thing and they really aren’t as hard to meet as you would think. I’m not here telling you that you have to make $15,000 in profit, you just have to accumulate $15,000 in total bets. Big difference. Play some blackjack, some slots, roulette, craps… Before you know it you have turned your $1,000 into $3,500 and have wagered a total of $10,000 - well on your way to being able to withdraw that bonus money. Wait, you said this was a “good thing”? Why? Well, without wagering requirements casinos could not and would not offer bonuses. I like bonuses. I’m sure you do too. Imagine the amount of manipulation that would happen if there were no withdrawal or wagering requirements set on bonus money. WOW! Bonus hunting at it’s finest.
So hopefully this helps you newcomers to the online casino world. Bonus money is a good thing but there are some wagering requirements that must be met before you can take out that money. Be sure to read our reviews and decide for yourself which casino is best and always keep the wagering requirements in mind when choosing an online casino.