You’ve probably heard this term mentioned several times already as it’s a condition attached to the vast majority of deposit bonuses. But what is it exactly?
A wagering requirement is the amount of times a betting site requires you to wager your initial bonus sum before you can claim any potential winnings.
The wagering requirement you have to meet before you can claim your winnings often depends on what type of bonus you have opted for.
Percentage-based bonuses worked out from your original deposit will normally have a wagering requirement of 5-15 times the actual bonus sum. Whereas a free bet bonus usually has a wagering requirement that’s a lot lower, often 1-3 times the free bet bonus itself.
Then you’ll have ВЈ200 to bet with. But the wagering requirement for this deposit bonus is 10 times, meaning you would have to wager to a sum equivalent to ВЈ1000 of the original ВЈ100 you got as a deposit bonus to be able to cash out your winnings.
It’s important to note that betting sites present their wagering requirements in different ways: either in deposit sum + bonus sum or only bonus sum. This does make a difference.
We’ll continue to use the same example as we did before. Say you also make a deposit of ВЈ100 and then get a bonus of ВЈ100 on top of that. (more…)