Online casino bonus incentives can be a little confusing, given that they impose a wagering requirement. What is this and why is it necessary? A wagering requirement is a condition, or a prerequisite, before a casino can let you withdraw your money. In many ways it’s a small detail, but it’s certainly something that players can’t afford to ignore. Here’s a quick look at online casino wagering requirements – explaining what they are and how they work.

Protection from Abuse

In a brick-and-mortar business, the freebies you get are physical products. Different companies require different things, with some asking that you spend a specific dollar amount to get something free, like a cup of coffee or a hotel stay. In the online gaming industry, this principle applies too, but instead of getting a free product, you get free money. This extra cash is known in as bonus money or bonus cash.

A popular bonus type is a 100% matched deposit bonus, where the casino matches the amount of money you deposit. BitStarz currently runs a welcome package that features several matched deposit bonuses back-to-back, with 100% matched deposit bonuses offered on your first and fourth deposits, plus 50% on your second and third.

Using our loaded welcome bonus as an example, a $100 deposit on each occasion would get you an extra $300 in total to play with. Casinos tend to place restrictions on bonuses to reduce the chance of abuse, such as limiting the matchup amount or stipulating a minimum deposit. They will however often mix and match monetary bonuses with other incentives to form a welcome package: BitStarz welcome package includes Bitcoin matched deposit bonuses and free spins, as well as a standard currency offer – it’s truly a loaded deal.

How Wagering Requirement Works

A wagering requirement is a number expressed as a multiplier. You will see numbers such as 30x, 40x, 60x, and so on. A 30x wagering requirement means that you need to wager, or bet, your bonus money 30 times its equivalent. For example, if you deposited $100 and the casino gave you an extra $100 as bonus money, you need to bet a total of $100 x 30 = $3,000 before the casino will allow you to withdraw that bonus money and all winnings derived from it. And, that $3,000 must be sourced from the $100 bonus money only. Again, the wagering requirement is much simpler to understand than most people realize, it’s just a matter of working with the numbers.

The Small Print

BitStarz is always offering incentives to attract players, stick by us for new promotions that pop up, such as selected free spins and exclusive game promotions. So, keep your eyes peeled for what’s coming up and get ready to crush the wagering requirement!