What are wagering requirements?
Wagering requirements are the amount of times you need to play through your bonus before you can withdraw any money. The wagering requirements will be listed in the terms and conditions and are usually listed alongside the bonus information as well. They usually look like ‘ 40x wagering’ and they differ from site to site. Some will have lower wagering requirements such as 10x and some will have high wagering up to 60x
If you see an offer such as ‘deposit ?10 for a 400% bonus – 40x wagering’ this means that if you wanted to withdraw any winnings, you would first need to wager your bonus amount of ?40, 40 times (?1600 in bets). So unless you won a large amount, by the time you played through the wagering, you would be left with very little or none.
Max win limits
Another thing to note is whether there is a limit to the maximum amount you can win from a deposit bonus. Hidden in the terms, you will often see something like ‘max win ?20′ which means if you’re playing with your bonus money, the maximum amount you will ever be able to win is ?20. Even if you won a jackpot prize, online casino with minimum deposit 20 dollar you still only claim ?20. So it’s definitely worth reading the terms to find out if there are any restrictions if you claim a 400% bonus.
No wagering casino sites
So now you can see how the wagering and maximum win limits can severely scupper your chances of winning real cash with a bonus, but there are sites out there that will give you a bonus with NO wagering requirements or caps on winnings.
One of the first online casinos with zero wagering is PlayOJO and they refer to themselves as the ‘fair casino’. There are no wagering requirements and no restrictions. What you see is what you get and what you win is what you keep! It’s a no-nonsense site that many players love because there are no catches.