Every online casino attracts new customers with a lucrative ‘Welcome Bonus’. That’s a generous offer where you receive an equal, if not double, the amount of your first deposit. Each casino has its own unique offering with loads of free cash or similar incentives. However, each bonus is accompanied by specific restrictions on the way it is used, the games that can be played with it, and the amount of wagers to be made before any winnings can be withdrawn. In simple terms, it is usually a multiple of the deposit+bonus.
Tiered wagering requirements
‘Wagering requirement’ is one of the most common restrictions that need closer examination. For example, Casino ABC offers a ‘Welcome Bonus of up to $200’. That doesn’t mean you receive that amount of free cash if you make a first deposit of $50. Usually, the amount will be paid out based on the player’s level of activity in the first month of play. For the most part, this is a tiered wagering requirement where you need to wager a specific amount, say $30, in the first week before free bonus cash of $30 is awarded. Players that wager a minimum of $400 within 30 days may receive an additional $40 as free bonus cash. On the other hand, Casino XYZ may offer a ‘100% First Deposit Bonus’.
When you read the legalese in the terms and conditions, this would be limited to a minimum of $25 and maximum of $500. Under such circumstances the most that may be claimed is $500. So even if you deposit $300 you will receive a free cash bonus of $500. No matter how much is awarded you will need to wager at least 20x your deposit before any withdrawal can be initiated. If you deposit $50 you will need to wager at least $1000 before your bonus can be released. An online casino may offer a $20 No Deposit Bonus’. This is credited to your account immediately after you sign up, without the need to transfer funds. However, you may not be able to withdraw this bonus money until you meet the ‘30x wagering requirement’. This means you will need to wager at least $600 before you claim your $20 free bonus cash.
Withdrawing funds while you work towards a wager requirement
It is important to note that you will have to forfeit your bonus if you make a withdrawal request while you have outstanding wager requirements to be met. This will not affect any winnings made while using the bonus funds. However, you still need to meet the wager requirements before you release winnings to your cash balance. What one player may perceive as a low wagering requirement may be extremely high to another. A minimum requirement of 20x is what you can expect at any online casino. Rather than search for casinos with a low rollover requirement it is wise to focus on finding one with acceptable bonus requirements where you can earn a bit of bonus cash.