What is a Wager in an Online Casino?

Absolutely any gambler wouldn’t mind taking advantage of a bonus or free spins. Who doesn’t like gifts? But it is also necessary to take into account that the word “free” has many definitions in the iGaming industry. We once again insist: make sure you read the terms and conditions, carefully weighing all the pros and cons. Including paying attention to wagering requirements. This is an important aspect. Today we will look at the issue related to the wager in more detail.

What Are Wagering Requirements?

Let’s start with the basics. What is a wager? The number specified in the wagering requirements tells you how many times you must wager the bonus amount (deposit or no deposit) before you can withdraw real funds received with its help.

Pay attention to the rules for using the bonus. If you are offered practically a “freebie,” it is hardly so. A generous bonus is a high probability that the wagering requirements will be very high. So the size of the bonus does not yet determine its benefit.

How to Calculate a Wager?

To clarify the situation with the wager, let’s look at a concrete example. Say, an online casino offers a bonus of 100% up to 50 euros with a wager of 20x. According to the rules, you must deposit up to 50 euros to receive a similar amount as a bonus. What does the number 20x say? It means that you must spend 20 times the bonus amount on bets. That is, 20*50 = 1000 euros. Until you place bets for 1000 euros or more, you will not be able to withdraw any winnings obtained using the bonus. “Free” is not so free anymore, isn’t it?

Read the Fine Print

We understand that you cannot miss the opportunity to take advantage of a tasty bonus. This is completely normal. Nevertheless, it will not be superfluous to spend a few minutes reading two extra lines written in small print.

What can be hidden in the fine print? For example, how to play: separately from the bonus amount or on the deposit and bonus together. Or the validity period of the bonus. Such information should always be present in the general Terms and Conditions or in the description of each bonus. You just need to look closely or, as a last resort, contact support.

Your Experience with Wagering Requirements

As you can see, there is nothing terrible in wagering requirements, but you, one way or another, should always keep your eyes open. Just in case.

If you already have some experience with bonuses or free spins in online casinos, here are a few questions for you to answer in the form of a comment on our forum.

How easily or how hard do you usually meet wagering requirements? Have you ever accepted a bonus, and after a while regretted it due to its high requirements? Which online or mobile casinos, in your opinion, offer the best bonuses and free spins in terms of wager size?