20x Wagering Requirement
20x wagering requirement. A 20x wagering requirement means you must playthrough your requirements 20 times before you can withdraw any winnings. Case: 100% up to £100 with a wagering requirement of x20. Bonus money example: Deposit £50 and get £50 bonus money. The wagering requirement is the bonus money multiplied by 20 (£50 x 20 = £1000). New players only. Minimum stake $/£/€ 10, minimum odds 1.5, stake not returned. 10X wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only, wagering starts from real funds. Free bet is valid for 7 Days from issue. Max conversion: $/£/€ 20.Excluded Skrill.
Wagering & Playthrough Requirements
By: CasinoAdvisor.com, Wednesday June 4th 200820x Wagering Requirements
Due to the generosity of online casinos who offer players essentially free money in exchange for their signing up and playing and or patronage to an online casino it is necessary for casinos online to apply what's know as wagering or playthough requirements. These requirements are structured and in place to offset the risk that a casino takes by offering bonuses to it's players.
Wagering / Playthough requirements often times are not the most obvious as it's not one of the more attractive parts of the offering provided by casinos but none the less required. It's because of this that they are often times tucked away and not so obvious to find. The most important thing to keep in mind if you're evaluating a bonus at a casino you'd like to play at are the terms and conditions for that bonus which will include details on the wagering / playthough requirement for the particular bonus. Usually the link to the section that within a casino site that will provide the conditions of the bonus will be in either the promotions / bonus page of the casino site or alternatively somewhere below where there is mention of the bonus.
So what exactly is a wagering requirement?
20x Wagering Requirement Definition
A wagering requirement is a number that represents the number of times you have to playthough either the bonus or the bonus + the deposit at an online casino before you are eligible to cash out. The number that represents the amount of playthough required for a bonus is typically assigned by the risk management team representing the casino. Generally the more generous the bonus, or if it's too good to be true it's likely that they will have imposed a larger wagering requirement for the bonus. Playthrough requirements can range between 15x for the less strict bonuses and up to 40x for the more strict bonuses.
Example:
Let's say the wagering requirement is 20x and the bonus being offered is a 100% match bonus up to $100 free at an online casino and let's say that for the sake of this example you take advantage of the full $100 bonus and so you've deposited $200. Also let's say that the playthrough is 20x your deposit + your bonus.
- Calculation: $200 x 20 = $4000
So in the above example you will have to playthough $4000 worth of bets before you'd meet the wagering requirements for the bonus and be eligible to cash out.
Are there different wagering / playthough requirements for different games?
This is where things get a bit more complicated. Often times casinos will place different percentages on specific games that account for the contribution to meet the wagering requirements. Typically slots wagers will count for 100% of their bet value towards the play through requirement but other games like blackjack & roulette may not count at all or count for very little towards meeting the requirement. The percentages of the contributions for various games at casinos for their bonuses will often times vary and it not overly consistent in the industry. It is however believed that casinos powered by Microgaming software that utilize the 'Clear Play Bonus System' do have standards that are consistent across all casinos powered by their software.
Example:
Let's say the player receives a bonus of $100 with a 20x wagering / playthough requirement at the casino.
20x Wagering Requirement For Business
He/She then proceeds to bet the following amounts on the following games $30 on Slots, $20 on Video Poker, $20 on Blackjack and $20 on Roulette.
The total amount of the contribution for the wagering requirement would be as follows (note: that this is just an example and that before playing be sure to review the casinos terms and conditions for the bonus so as to know exactly how much each game contributes to your meeting the wagering requirement):
- Contributions: 100% of $30 (Slots) + 80% of $20 (Video Poker) + 10% of $20 (Blackjack) + 25% of $20 (Roulette)
So $30 + $16 + $2 + $5 = $53 has been wagered towards meeting the $2000 wagering requirement.
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Add CommentToo much work is often time needed to figure this stuff out it should all realistically be very straight forward.
Good article guys and way to explain wagering requirements to players I like seeing this kind of thing and knowing that people have an easy way to research this information. I know that for me personally that I've found a lot of value in the information that's presented here on the site.
As a general rule of thumb it's worth avoiding online casinos that have wagering requirements that are in excess of say 50x the deposit and bonus amount combined of course it also depending on the percentage match of the bonus for a 100% bonus this would be the case but for other bonuses such as those where they say offer 200%+ then it's not so bad.
I've always found that wagering requirements are kind of silly and a waste of time to try to interpret as you're playing at online casinos. It's my belief that casinos that do it best are those out there that separate cash and bonus balances so that you essentially always know what you're doing.
I've always thought wagering requirements to be dumb and not necessary but I do truly believe that they server a purpose and more then that have an immense amount of value for protecting the casinos. It's not always good for us players but in the end they're manageable.
Wagering requirements although kind of stupid so make more sense to me know that they're fully understood. When I first started playing at online casinos I really didn't understand what it was all about and why they were needed. I do understand now though and although I think that they're still kinda stupid and all in favor of the casino that they are put into place to protect the casino from bonus abusers.
Sometimes that wagering requirements that are set out by online casinos are ridiculous and really hard to ever even meet. Be sure you fully read the terms and conditions of the bonuses that you take before you do even if it requires a bit of time to read though all their legal gibberish.
Wagering requirements make sense and are OK with me as I know they're designed to protect the casino from fraud but make it easy for players for the love of god. I think that some online casinos need to ease up on their wagering requirements as sometimes they're virtually impossible to reach and this totally isn't something that I agree with!
I really hate having to follow wagering requirements so I always prefer it when online casinos simply do the math for you and separate the two balances. This method of doing thing's just makes it far more clear to players like ourselves.
I fully understand why online casinos have wagering requirements but the way that most of them deal with it is pretty primitive if you ask me. I beleive that if they were to implement a more simple means of dealing with bonuses and withdrawals / cashouts after bonuses have been claimed by players would be beneficial and help keep players around for longer rather then having them flippy floppy between different online casinos!
Make sure that wherever you play that you fully understand the casinos terms. If you're playing at a casino that offers something similar to Microgaming's clear play bonus system where they transfer funds from your bonus balance to your cash balance as you play it's not nearly as important but still at the same time you should have a good clear picture of how wagering requirements work. Also if you are playing at a casino that supports the kind of bonus system that I mentioned you should know that there is different contributions for different games for the transference of the balance.
If there's one thing I've learned about playing at online casinos it's that it's always key to know the wagering requirements of the casino that you're playing at well. Lucky thing is that now a days most of the online casinos make it rather clear by separating out your bonus balance and cash balance into two separate values. It's a much better system and way of dealing with it and it sort of eliminates a lot of the ambiguity in wagering requirements in general.
Wagering requirements are a pain in the but especially when online casinos don't really separate their bonus balance and cash balance. The way that Wizard, Microgaming, and Vegas Technology do this is much better IMHO.
If there's one piece of advice that every player who indulges in playing at online casinos it's that knowing and understanding the wagering requirements of any bonuses that you take advantage of before playing will save you a ton of hassles and headaches. Just as an FYI be sure that you go though them and if you have questions post a question on a message board or alternatively contact the online casinos customer support team for assistance.
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A wagering requirement is a multiplier of the number of times that you have to play through or bet a bonus to be eligible to withdraw your winnings. With the majority of bonuses, you will not be able to withdraw the bonus money or winnings associated with that bonus until you have reached the wagering requirements set down by the operator.
For example: I am given a £10 Bingo bonus with a 2x wagering requirement. This means that I must spend £20 on any eligible games before I can withdraw any winnings gained from the bonus money.
Wagering requirements are universal in both the online bingo industry and in online gambling in general. However, these requirements vary drastically across the various operators and across the games within each operators site which affects your ability to access your winnings in a timely manner. This also affects the real value of your bonus. Sometimes a bigger bonus is not always the better value. For example, you may be able to get a £50 bonus with 2X wagering requirements or a £80 bonus with 4X wagering requirements. With 4X wagering requirements, you need to wager much more which also leaves your winnings at a higher risk of being lost in the interim. Additionally, many sites have an expiration on their bonus meaning that if you have not met the wagering requirements before the expiration date you will forfeit the bonus and potentially lose the winnings attributed to the bonus. You always need to do the math and consider which bonus will take the shortest possible time to clear.
Let’s look at some simple examples of wagering requirements in bingo to understand how they work.
What is a 20x Wagering Requirement?
Let’s say for example an online bingo site is offering a 100% bonus up to £100 with a 20X wagering requirement. You make your first deposit of£100 and receive £100 in Bonus money. The 20X Wagering requirement means that you need to wager 20x£100 = £2000 before the winnings on that bonus can be withdrawn.
What is a 30X Wagering Requirement?
Let’s say for example an online bingo site is offering a 100% bonus up to £100 with a 30X wagering requirement. You make the same first deposit of £100 and receive £100 in Bonus money. The 30X Wagering requirement means that you need to wager 30x£100 = £3000 before the winnings on that bonus can be withdrawn.
The same goes for 10X, 40X or 50X wagering requirements.
How does a wagering requirement affect my winnings?
Usually, the operator will store winnings you make while playing games with an outstanding wagering requirement until you meet that requirement. Additionally, you will not be able to spend these funds in order to bring down the wagering requirements. Instead, your cash balance will be used first. Once you have played through the wagering requirements with your cash balance your funds will be released to your withdrawable cash balance. If you happen to have bonus funds in the bonus all subsequent winnings created with those bonus funds will be also paid to your cash balance.
What wagers count toward my wagering requirements?
Depending on the bonus the operator will usually attribute the wagering requirements to a specific game. For example, on bingo bonuses usually only wagers on bingo games will count toward the wagering requirements. Whereas, on slots bonuses wagers only on slot games will count toward the wagering requirements.
How do I see how much I have left to wager?
Usually, if you navigate to the cashier section of the bingo sites you will be able to click on the cash balance and view your playable balance which will include free bets, bonus cash and withdrawable cash to give you a total cash balance. Sometimes, operators will include other information including pending transactions and pending winnings in this section of the site.
Where can I find the wagering requirements?
Thanks to the strict laws and regulation around online gambling and online bingo wagering requirements have become very visible when you are choosing a bonus. Always read the fine print below the bonus that tells you the minimum deposit, safety information and wagering requirements clearly. If you want more information to follow the terms and conditions to get a detailed breakdown of the wagering requirements on the bonus. If for some reason you cannot find the wagering requirements stated clearly in the site visit the live chat, email or call support on the phone to ask the wagering requirements before you begin playing. If you begin without checking the wagering requirements and try to withdraw in the middle of wagering because you are unhappy you will have to forfeit your bonus and any winnings related to that bonus.
Why do wagering requirements exist?
Wagering requirements are probably the worth thing a player can see. However, they are not just there to take your money. They have a legitimate reason to exist. Wagering requirements are in place to protect the operator in its compliance with anti-money laundering regulations. If gambling sites didn’t have them it would be easy for criminal enterprises to deposit illegal funds and withdraw them without wagering. The fines for a gambling sitenot taking its AML compliance duties seriously are huge.
How do I Beat Wagering Requirements
The honest answer to this question is that you cannot beat the wagering requirements. They must be met. What you can do nowadays is go to a no wagering requirements casino so that you can play and withdraw your winnings should you have any immediately. We have a full page about the ins and outs of No Wagering Bingo to check out. The second option to avoid wagering requirements is to not accept your bonus and to play only with the cash you deposit. However, it’s hard to say no to boosting your bingo bankroll by 2 or 3 times with a good welcome bonus.
What are low wagering requirements?
Low wagering requirements bingo sites and low wagering requirements casinos are operators who offer the player a much lower wageringrequirement than the industry average. We would suggest that a low wagering bingo site is one that offers 2X wagering requirements on bingo games and anything under 45X on slot games. Take a look at our list of low wagering requirements bingo sites if you have interest in low wagering bingo.