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A wagering requirement, also known as a playthrough requirement, is a concept every player at an online casino has probably heard about. It is intricately related to almost every bonus offered on gambling websites nowadays, especially the sign-up bonuses.
Players probably see playthrough requirements as a barrier, but online casinos see them as essential. The reality can be a mix of both. Casino wagering requirements will be discussed in this tutorial, including what they are, how they operate, and potential pitfalls.
What are playthrough requirements?
The casino wagering requirement is the amount you must wager on eligible real-money games before withdrawing the bonus and any related wins. Depending on the deal, it’s stated as a multiplier that varies from 1x to 50x. As a general rule, the multiplier increases with the value of the casino bonus.
Some criteria only apply to bonuses that have been given out. But in other circumstances, it means the whole money put in plus the bonus credits.
What warrants the wagering requirements in casinos?
Online gambling companies mostly impose playthrough requirements to stop money laundering activities. Criminals are prevented from using gaming websites as a platform for money laundering since they cannot just put money on the site and withdraw it immediately.
Additionally, playthrough limitations stop players from exploiting benefits. Without these restrictions, bonus seekers would bounce from casino to casino, taking advantage of deals along the way without having to put any money on the line.
The casino and its customers might be thought of as having mutually agreed upon the wagering criteria. The casino offers you something in the form of bonuses and promotions in exchange for your time and participation in real money games.
How playthrough requirements work
Here is an example of an online wagering requirement in case any of these terms are unknown to you as a newbie in online gambling. We’ll use a welcome offer from Gamble Online Casino to illustrate the concept: a 100% matching bonus of up to $1,500 on your first deposit. The wagering requirement for this promotion is 10x, which means that before you can ask for a withdrawal, you must bet ten times the value of your deposit plus the bonus money.
It’s important to keep in mind that playthrough restrictions also apply to deals with free spins. These don’t have a set dollar amount; thus, the multiplier is applied to any wins from free spins.
Calculating a casino bonus
Simple multiplication of the bonus or the bonus plus your deposit, depending on the conditions, by the necessary quantity serves as the formula for computing the requirement.
Let’s imagine that you deposited $100 using the example of the given casino welcome bonus. Since this is a 100% match offer, you will get $200 to play with after your deposit clears. The bonus has a 10x requirement; therefore, to convert it into withdrawable cash, you would need to bet:
$200 x 10 = $2,000
Free spins are arrived at by multiplying the winnings from the free spins by the playthrough requirement number.
For more, check out this thread about high RTP casinos.
