How to release your bonus at live casino. Wagering requirements·26.12.16
Let’s say, a live casino got your attention with a generous signup bonus. You registered a new account, made your first deposit, and got your bonus. What’s next? How do you cash it out?
Start with finding a Terms&Conditions section that explains bonus terms and wagering requirements for each bonus. If you failed to read the bonus terms before registration, they may come to you as a nasty surprise.
The most important thing to understand is that casinos do not give away free money. Not anymore, at least. To release your bonus, you have to face specific restrictions known as wagering requirements. A wagering requirement is a number of times you need to bet you bonus amount, deposit amount, or deposit plus bonus amount before you’re eligible to cash out.
The more generous the bonus, the tougher wagering requirements it’s expected to have. Let’s say you got a $100 bonus from a live casino online. Your bonus comes with x20 wagering requirements, meaning that you need to bet the amount 20 times your bonus before you can cash it out. In other words, you’ll have to playthrough $2,000 worth of bets ($100 times 20) before you’re eligible to withdraw your winnings. That’s a lot of money and time. This does not mean that you need to win $2,000. You simply have to wager it.
It’s not uncommon that a player gambles away their entire bankroll and still fails to fulfill wagering requirements.
To make it harder for players to release their bonuses, live casinos introduce all kinds of restrictions. You may be given a limited amount of time (e.g., 30 days) to fulfill your playthrough requirements. At many live casinos, only certain live casino games and bets count towards wagering requirements. For example, even-money roulette bets do not count towards wagering requirements, because they are the least risky ones. Furthermore, games where you can reduce the house edge (e.g., blackjack and video poker) cannot be used to fulfill playthrough requirements either.
The main takeaway from this article is to go easy on fulfilling wagering requirements. It’s worth trying only if your chances to complete wagering requirements are pretty high. However, if you feel that you’re failing, you should better leave the bonus to the live casino and simply enjoy gambling at your own pace.