Please Help Me understand How Wager Requirements Work

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Last post made 13 years ago by Tirilej
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  • Excuse the question but I am new at this and I have been studying pretty hard  grin but I can't seem to grasp how the wage requirement works.
    First question:
    Ok so for example, I deposit $100 into a casino that offers $200 bonus so that makes for $300 that I have to play with. So their wage requirements 20 X B (20X 200 = 4000) or is it ( 20X300 = 6000)?

    Second:
    Assuming the wage requirement is 4000, what does that mean exactly. Also assume that I am betting $1 per turn/round/spin, Does it mean I have to play 4000 times, does it mean I have to earn $4000, does it mean I have to wage(bet) $4000  but I only have $300 to start with? I just don't know at this point what I am suppose to do and how I am suppose to do it to meet the wager requirements.

    Thx for the help


  • The wagering requirements are usually deposit and bonus totaled together ! If you deposit $100 and get a $200 bonus like you said = $300.  If the wagering requirements are 20x then , your playthrough would be $6000. And yes , if you were betting $1 per spin - you would have to spin 6000 times to meet the wagering reqyuirements before you could cash out exclamation! Sucks doesn't it ?? That's why I don't play with any bonus exclamation
    Hope this helps exclamation


    Oh my, it would take me weeks maybe even months to spin/play 6000 times  shocked . Now if my wager/bet is $5 per game/per spin then, I would only have to play 1200 times to meet the wager requirement and cash out? Is that how it works?

    Thanks for coming to my rescue!
  • Yes - that is exactly right.  Assuming the assumptions i.e. $300 x 20 WR you have to spend $6000 in any way to meet the wagering requirements.  Once you have physically spent $6000, then you can cash out but watch out for the max withdrawals etc.

    Best of luck.

    Blue

  • But if you don´t use a bonus, is it common that you have to wager the deposit anyway?
    I read this in Gold Rock casino´s T&C: Deposit made without any addittional bonus must be wagered ten times (10x) its sum in order to qualify for withrawal.

    I thought I could just deposit, win money and get out whenever I wanted if I didn´t use a bonuspromotion, or did I understand it all wrong? embarrassed

  • It seemed really strange to me, but I asked livechatt just now and it was to prevent laundring she said. They have never denied anyone to cash out if they wanted earlier and I do believe her. She was very friendly and gave me $10 for free when I asked if they use to give free money to depositers grin

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