They say there’s no such thing as a free lunch, and well, it applies to the online casino world too. You see a huge free bonus offer or a juicy no deposit bonus offer and get ecstatic. But have you read the fine print of the offer?
Casino wagering requirement aren’t a player’s best friend but are nonetheless very important to consider when you’re looking to claim a casino bonus.
What Is a Bonus Wagering Requirement?
Wagering requirement, or Playthrough requirement, is the number of times you must wager the bonus before a casino allows you to withdraw your winnings.
You may have seen online casino offers like 100% Bonus up to $200, and then the terms and conditions stating the wagering requirement, such as 30x.
So, suppose you deposit $100 and receive the advertised $100 bonus, and with this bonus money, you win $10,000. To withdraw this $10,000 you will need to meet the 30x wagering requirement first, which in this case will be $3,000 ($100 multiplied by 30).
In other words you need to wager $3,000 before you can withdraw your $10,000. It doesn’t mean that you need to win or deposit $3,000 in the casino, but simply wager that much amount in the casino before you can cash out your winnings from the bonus.
Another important thing to check is if a casino is multiplying the wagering requirement by the ‘bonus amount’ only or by the ‘bonus PLUS the deposit amount’. So if you’re searching for low wagering casino bonuses then be sure to check that the casino is applying the wagering on only the bonus amount.
Needless to say, the lower the wagering requirement is the better it is for the player.
Game contribution to the wagering requirement
Different casino games contribute differently towards meeting the wagering requirements of a bonus, expressed as a percentage. Known as the Game Weightings, some games contribute more while others don’t contribute at all.
Usually slots contribute highly to wagering requirements, while table games like Blackjack, Hold’em or live casino games contribute quite low.
For example, if a casino states that ‘slots contribute 100%’, it means that every real money bet you make on slot games will contribute in full for meeting the wagering requirement of the bonus.
Time Limits to Meet the Wagering Requirement
Every bonus offer also states a certain time period in which you must meet the bonus’ wagering stipulation. If you fail to complete the wagering requirement within the given time, then any winnings you may have landed using the bonus will be forfeited. It follows that a fair casino will give their players a reasonable time period in which to complete the wagering.
The wagering time limit is specific to every bonus offer. So it becomes vital that a player checks this important factor before claiming any bonus. The time allowed to complete the wagering is stated in the bonus’ terms and conditions, and you must always go through them carefully. If the wagering requirement seems too high, such as 50x or more, the casino in fairness must at least give you enough time to meet the high wagering.
Why do Online Casinos put Wagering Requirement?
Sure, online casinos are entertainment and recreational establishments. However, foremost a casino has to make profit for the owner(s) or else it’s a no show.
Placement of wagers serve as an income source for the casino and also helps prevent bonus abuse, such as people opening multiple player accounts to claim free bonuses.
Top European Casinos with Low Wagering Requirement
There are some reputable Euro casinos online with pretty reasonable bonus requirements. Let’s take a look.
Casumo Casino – this top online casino scores high on our list because in addition to an immensely rich casino experience, they also have pretty reasonable wagering requirements.
Their 100% first deposit bonus of up to €300 comes with 30x (bonus amount + deposit amount) playthrough. Casumo Casino also offers a very generous 183 days to meet the wagering requirement. Read our no-nonsense review of Casumo Casino here.
Casino Room – Casino Room offers new players 100% up to €1000 and 100 Spins in their welcome bonus. Apart from the massive bonus, the great thing is that the playthrough is capped at a reasonable 35x.
Betsson Casino – is another top casino whose first deposit bonus of 100% up to €100 comes with a reasonable 35x wagering requirement. Playthrough has to be met within 30 days.
If you do not take any bonus or free spins offer from a casino, then you won’t have any wagering requirements to meet too, and you can withdraw your winnings immediately.
While we all wish there were more casinos offering bigger bonuses and free spins with no limitations, we have to be realistic and make do with what we’ve got. And casino bonuses do give players that extra bit of zing to make the game play more exciting.