The iGaming industry is flush with casino bonuses of all kinds. From free spins to welcome bonus to VIP benefits, casino operators never shy away from doling out bonuses to punters. However, a casino bonus is not always an asset for the player and can quickly turn into a liability if not properly understood. One of the most misunderstood things about casino bonuses is the wagering requirement, which confuses a lot of new punters. In this article, we explain everything new punters need to know about wagering requirements to get the best out of their UK casino bonus.
What is Wagering Requirement?
All casino bonuses, except free cash bonuses, come with a wagering requirement. Wagering requirement, also known as play through condition, is simply a multiplier that decides the amount a player has to wager before withdrawing the bonus funds. The lower the value of the multiplier, the better it is for the player. Usually, wagering multipliers are in the range of 20-40x, with some casinos demanding as high as 50x. The multiplier is usually calculated on the bonus component, but in some cases can be applied upon the entire deposit amount.
Let’s take a simple example; a casino is offering 100% cashback up to £100, with a wagering requirement of 20x. Let’s say a punter deposit only £50, and he gets £50 as bonus cash. Once he avails the bonus, he has to complete the wagering requirement of 20x to be able to withdraw his funds to his bank account. The player has to wager £50×20=£1000 in total to complete his wagering condition. The £1000 can be wagered in any casino game, provided that they contribute to the wagering requirement.
Different casino games have different percentage contribution towards the wagering requirement. Usually, slots have 100% contribution, which means that every £1 wagered contributes £1 to the wagering requirement. Table games, like blackjack, baccarat, and roulette, generally have 50% contribution, which means every £1 wagered on the game will generate £0.50 in wagering contribution. This means that punters have to wager twice the amount in 50% contribution games than in 100% contribution games. Casinos usually lower wagering contributions for games that have a lower house edge. Hence, slots with high RTP may contribute lower towards the wagering requirement.
Wagering Requirement for Free Spins
Free Spins are basically risk-free bets that casino operators give out to punters. Free spins usually carry a higher wagering requirement than other bonuses. The wins from the free spins are considered as bonus cash. Free spins carry wagering requirement that is calculated on the wins generated from these free spins. Once you complete the free spins round, the bonus cash has to be rolled over, usually in the same game to make the amount cashable. For example, if you receive 50 free spins, and win £100 through the free spins, and the free spins carry a wagering requirement of 35x. To be able to withdraw the £100, and any other winning generated from that amount, punters will have to wager a total of £100×35=£3500, to cash out.