Have you ever signed up for a casino bonus before, only to find that there are ‘wagering requirements’ attached? What do those facts and figures mean, and how do they affect your ability to withdraw winnings or even play other games?
In this guide, I’ll take you through what wagering requirements are, why you should pay attention to them, and how to work out how much you will get back from certain bonuses.
Check out TonyBet Ireland’s latest promotions (and be sure to read the wagering terms and conditions)!
What is wagering? What does wagering mean?
Wagering simply means betting. Each bet you make is a wager – from a chip you place in roulette to a real cash spin you make in a slot game.
Therefore, wagering requirements mean betting requirements – which also indicates that, to make the most of certain bonuses, you’ll need to bet or wager within certain guidelines.
What are wagering requirements?
Casino wagering requirements are stipulations that require you to play a certain amount of real money on games before you can make a cash withdrawal.
For example, if you take up a deal that offers you 100% cash matching, or double your deposit, you’ll need to wager a certain amount of that money before you can withdraw.
Let’s take a look at a brief example, step by step.
- You sign up for a welcome bonus at a casino and make a payment into your account to activate it. You pay in €10 and get another €10 to play with.
- You play through at least €10 and win €20. That brings your balance to €30. However, because of wagering terms, you’re unable to withdraw this right away.
- According to the wagering requirements of this deal, you need to wager the bonus amount you’ve received – €10 – 40x, or forty times, before you can withdraw real cash.
- This means that you need to play €400 on various games across the casino before you can make any kind of real-world withdrawal.
- Once you’ve cleared this amount in real cash, you can then take money away via your preferred withdrawal method.
Sometimes, you may also need to wager back any winnings you make from free spins, if they’re part of a promotion or deal.
Why do wagering requirements matter?
Reading, calculating and accepting wagering requirements ensures that you know what to expect should you have winnings that you’d like to withdraw.
Wagering requirements will vary from casino to casino, and in some cases, you may not be able to wager the whole amount dictated on certain games. For example, in some cases, you might only be able to wager a fraction of your winnings on live casino games, while you might be able to wager the whole amount on slots.
Remember, you don’t have to accept a welcome deal or any other kind of promotion if you don’t agree with the wagering terms – always make sure to read the fine print!
Why online casinos use wagering requirements
Online casinos use wagering requirements to ensure that they make money from deals. Many promotions offer players a chance to explore games for the first time while giving casinos revenue – otherwise, they stand to lose money on some of the biggest promotions they have to offer.
Wagering requirements ensure that players a) can’t remove all the credit they receive as real cash, and that b) they can keep their interest for longer. There’s a chance that a player who takes on a welcome deal might, for example, find games that really appeal to them while wagering back!
You’ll find that in the majority of welcome deals, there are wagering requirements – it’s a form of insurance that casinos use to ensure that they still turn a profit.
Calculating your wagering requirements
As mentioned, different casinos have different wagering requirements – so, let’s use a hypothetical example to explain how you’d calculate them with a made-up deal:
- You take up a deal that gives you €100 to use across a casino, after you make a deposit of €10. The wagering requirements state that you need to play back 50x your deposit and your bonus received.
- So, let’s take the sum available – €110 – and multiply this by 50. That gives you €5,500 – this is the total amount in real cash you’ll need to wager back before you withdraw.
- Over time, you wager back the €5,500, and you’re able to withdraw any winnings you have left over.
This is just a simple example of what you might need to calculate before getting started with a deal.
There may be some deals where you only have to wager back money based on your bonus credit received, and others where you need to wager your deposit and your bonus, as shown above.
Wagering requirements at Tonybet Ireland
At Tonybet Ireland, we’re completely transparent about what you can expect from our deals and games, and from simply being a regular player at our casino.
This means that we clearly list any wagering requirements that apply as part of any bonus deals we have to offer, giving you ample opportunity to think carefully about whether or not to proceed with a promo.
Here’s an example of some terms and conditions we offer you as part of our bonus deals – simple steps, with zero confusing language.
We genuinely care about being transparent and fair about everything we have to offer you – which also means that, in the event that you need help with managing your gameplay or money, or want to know more about the terms and conditions we set for you, our team is always on hand to help.
Remember, if you can’t afford to keep up with wagering requirements, or don’t want to risk chasing terms just to make a profit, you can refuse to take part in a promotion! The power is entirely in your hands.
Now that you know how wagering requirements work, take a closer look at Tonybet Ireland’s slot games catalogue!
