With so many different types of bonuses available, from welcome bonuses to loyalty rewards, it's easy to get caught up in the excitement of playing with free money. Even popular YouTube personalities like Mr Beast Plinko have gotten in on the action, using their massive followings to promote online casinos and their generous bonuses. However, before you start playing, it's essential to understand the wagering requirements that come with these bonuses.

Wagering requirements, also known as playthrough requirements, are the conditions that must be met before you can withdraw any winnings from your bonus. These requirements can vary greatly from one casino to another, and they can have a significant impact on your overall gaming experience. In this article, we'll take a closer look at wagering requirements, how they work, and what you need to know to make the most of your online casino bonuses.

What are Wagering Requirements?

Wagering requirements are the number of times you need to bet your bonus amount before you can withdraw any winnings. For example, if you receive a $100 bonus with a 20x wagering requirement, you'll need to bet $2,000 (20 x $100) before you can cash out. This can be a daunting task, especially if you're new to online gaming or if you're playing with a limited bankroll.

Types of Wagering Requirements

There are several types of wagering requirements that you may encounter when playing at online casinos. These include:

• Bonus-only wagering requirements: These requirements only apply to the bonus amount, and not to any deposits you make.
• Deposit-plus-bonus wagering requirements: These requirements apply to both the deposit and the bonus amount, and can be more challenging to meet.
• Game-specific wagering requirements: These requirements only apply to specific games, such as slots or table games.

How to Calculate Wagering Requirements

Calculating wagering requirements can be a bit tricky, but it's essential to understand how they work if you want to make the most of your bonuses. Here's a step-by-step guide to calculating wagering requirements:

1. Determine the bonus amount: This is the amount of money you receive as a bonus, usually expressed as a percentage of your deposit.
2. Determine the wagering requirement: This is the number of times you need to bet your bonus amount before you can withdraw any winnings.
3. Calculate the total wagering requirement: Multiply the bonus amount by the wagering requirement to get the total amount you need to bet.
4. Check the game contributions: Different games contribute different amounts to the wagering requirement. For example, slots may contribute 100%, while table games may only contribute 10%.

Example Calculation

Let's say you receive a $100 bonus with a 20x wagering requirement. You want to play slots, which contribute 100% to the wagering requirement.

Bonus amount: $100

Wagering requirement: 20x

Total wagering requirement: $100 x 20 = $2,000

Since slots contribute 100% to the wagering requirement, you'll need to bet $2,000 on slots before you can withdraw any winnings.

Tips for Meeting Wagering Requirements

Meeting wagering requirements can be challenging, but there are a few tips and tricks you can use to increase your chances of success:

• Choose games with high contributions: Games like slots and scratch cards usually contribute 100% to the wagering requirement, while table games and video poker may only contribute 10-20%.
• Make smaller bets: Instead of making large bets, try making smaller bets to stretch your bankroll and meet the wagering requirement.
• Take advantage of low-wagering bonuses: Some casinos offer low-wagering bonuses or even no-wagering bonuses. These can be a great option if you want to avoid the hassle of meeting high wagering requirements.

Avoiding Common Pitfalls

There are a few common pitfalls to watch out for when trying to meet wagering requirements:

• Not reading the terms and conditions: Always read the terms and conditions of the bonus before you start playing. This will help you understand the wagering requirement and any other conditions that may apply.
• Not tracking your progress: Keep track of your bets and your progress towards meeting the wagering requirement. This will help you stay on top of your game and avoid any surprises.
• Not managing your bankroll: Make sure you have enough money in your bankroll to meet the wagering requirement. If you run out of money, you may not be able to complete the requirement and withdraw your winnings.

Conclusion

Wagering requirements can be a bit confusing, but they're an essential part of online casino bonuses. By understanding how wagering requirements work and using a few simple tips and tricks, you can increase your chances of meeting the requirement and withdrawing your winnings. Remember to always read the terms and conditions, track your progress, and manage your bankroll to get the most out of your online casino experience.