Wagering requirements are the conditions that online casinos, such as N8 Casino, attach to bonuses and promotions. They specify how many times you need to wager or bet the bonus amount, or both the bonus and deposit amount, before you can withdraw any winnings earned from that bonus. These requirements are put in place to ensure that players actively use the bonus for gameplay rather than cashing it out immediately.
How Do Wagering Requirements Work?
Wagering requirements are typically represented as a multiple, such as 30x or 40x. This number indicates how many times you must bet the bonus (or bonus + deposit) before you can withdraw any winnings.
Bonus Amount Only
If the wagering requirement applies only to the bonus amount, it means you must wager a specific multiple of the bonus. For instance, if you receive a $50 bonus and the requirement is 30x, you will need to wager $50 x 30 = $1,500 before you can withdraw any associated winnings.
Bonus + Deposit
In some cases, the requirement may apply to both the bonus + deposit amount. For example, if you deposit $50 and receive a $50 bonus (making your total $100), a 30x wagering requirement would mean you need to wager $100 x 30 = $3,000 before being eligible to withdraw your winnings.
Example:
With a 30x wagering requirement, you get a $50 bonus. To meet the criteria, you must put bets worth $1,500 before you may cash out any wins linked with that bonus.
Key Points to Remember:
- Game Contributions: Different games have varying contributions to fulfilling wagering requirements. All of your wagers on slots count towards the criteria because they typically contribute 100%. However, if you play table games like roulette or blackjack, they might only contribute 10–20%, which makes it more difficult to meet the criterion.
- Bonus Expiry: Bonuses often have an expiry date. You must meet the wagering requirements within a specific time frame (e.g., 30 days), or both the bonus and any winnings may be forfeited.
- Maximum Bet Limit: Some casinos enforce a maximum bet limit when using bonus funds, such as $5 per spin. This prevents players from placing large bets to quickly meet wagering requirements, ensuring fair play.
Tips for Managing Wagering Requirements:
- Focus on Slots: Since most slots contribute 100% toward wagering requirements, they are the fastest way to clear the requirements.
- Read the Terms and Conditions: Make sure you read the terms of each offer thoroughly to know what the wagering requirements, eligible games, and time limits are for each one. By doing this, you can prevent losing your bonus or prizes because of forgotten details.
- Choose Bonuses with Low Wagering Requirements: Whenever possible, opt for bonuses with lower wagering requirements (e.g., 20x). These are easier to clear, giving you a better chance of withdrawing your winnings sooner.