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Decoding Online Casino Bonus Wagering Requirements
Are you tired of getting confused by online casino promotions that come with complicated terms and conditions? If so, this guide is here to help. In this comprehensive guide, we will explain everything you need to know about wagering requirements, held funds, and how to successfully meet these requirements to make the most of your online casino experience.
What is a “Wagering Requirement”?
A wagering requirement is a condition attached to a promotional offer that dictates how players can use the winnings generated from the promotion. In simple terms, it’s a multiplier that determines the amount a player needs to wager to fulfill the requirement and unlock the bonus funds.
For example, let’s consider a $50 sign-up bonus with a 20x wagering requirement:
Wagering Requirement = $50 (bonus) x 20 (multiplier) = $1,000 The player must wager a total of $1,000 (the bonus amount plus any winnings) to fulfill the requirement.
What are “Held Funds”?
When a player receives a bonus with an associated wagering requirement, any winnings from that bonus are placed into a held funds account. Held funds can be used to play eligible games, but cannot be withdrawn until the wagering requirement is met.
It’s like putting your winnings in a locked vault until you fulfill the requirement and get the key to unlock them.
How do I fulfill a “Wagering Requirement”?
To complete a wagering requirement, a player must wager the bonus amount and any winnings that add up to the required value. It’s important to note that not all games contribute equally towards fulfilling the wagering requirement.
For example, slots usually contribute 100% towards the requirement, while table games like blackjack and roulette may contribute only 10% or less.
So, if you want to fulfill the requirement quickly, it’s best to stick to games that contribute the most.
What happens to my remaining winnings after meeting a Wagering Requirement?
Once a player satisfies a wagering requirement, any remaining held funds are automatically transferred to their cash balance. These funds can then be withdrawn or used to play other games on the casino platform.
It’s like getting the key to the locked vault and taking out all your winnings.
What if I don’t meet a Wagering Requirement and have spent the total value of my bonus?
If a player fails to meet a wagering requirement and their held funds balance is zero, the requirement is automatically removed from their account.
In other words, you don’t have to worry about anything if you couldn’t fulfill the requirement. You won’t lose any of your own money, and the bonus will simply expire.
How are my winnings generated by the bonus treated?
Winnings generated from a bonus are placed in the held funds account until the wagering requirement is met. Only after the requirement is satisfied can a player withdraw these funds.
It’s like having a separate account for your bonus winnings that you can only access after fulfilling the requirement.
How are funds deducted from my account during play?
When playing casino games, funds are deducted from a player’s account in the following order:
- Bonuses with wagering requirements
- Bonuses without wagering requirements
- Held funds associated with bonuses
- Cash balance
So, if you have multiple bonuses and funds in your account, the casino will deduct from them in the order above.
Now that you understand wagering requirements, you can make informed decisions about promotional offers and enjoy a more rewarding gaming experience. Remember to always read the terms and conditions carefully before accepting.