What are the wagering requirements?

 

The wagering requirements are requirements that a player must meet when wagering in order to convert the amount of a bonus into cash that they can withdraw. To meet the wagering requirements, the bonus amount must be wagered multiple times at the bookmaker.

 

These are restrictions that apply to bonuses and that the player must comply with before the bonus can be withdrawn from the account. When players receive a bonus they must wager it a certain number of times before they can withdraw the money from the bonus. Some players like to receive bonuses and have no problem with the wagering requirements. Other players do not like to meet these requirements and prefer to decline the bonuses. The choice is up to each one.

 

Why are there the wagering requirements?

 

Remember that bonuses are like prizes that the casino gives to its players. The wagering requirements ensure that the bonus is used to extend the hours of play and the enjoyment of the person receiving the bonus and not to get extra money.

 

How do the wagering requirements work?

 

The wagering requirements differ depending on the game they bet on and the type of bonus they receive. Welcome bonuses must be wagered 40 times while other deposit bonuses must be wagered 30 times. This means that if they receive a welcome bonus of $ 20 they must wager a total of $ 800. If they receive a weekly deposit bonus of $ 20 they must wager a total of $ 600 to qualify and withdraw the funds. If they make a withdrawal before meeting the wagering requirements, they will lose the right to enjoy this bonus and the winnings obtained with said bonus so far.

 

When you create a new account at a bookmaker and benefit from a deposit bonus, you will always find a wagering requirement that you must meet. The requirement means that you will have to wager the bonus money at the sportsbook several times before the money is converted to cash at your disposal, which you can withdraw from your betting account. The procedure to follow is such that:

 

1. Open a new account at a bookmaker and accept the welcome bonus

 

2. Place bets by fulfilling rollover - which is another way of calling the wagering requirement.

 

3. The amount of the bonus is converted into cash that you can use.

 

Understanding how the wagering requirements work in an online betting company is essential to be able to take full advantage of the welcome bonus. We will explain how it works in detail below.

 

Why are there wagering requirements?

 

A welcome bonus is the reward that a bookmaker gives to the user for opening an account for the first time, but the betting website grants the bonus on the condition that the new customer uses it to bet on its website, that's why they introduce wagering requirements.

 

The bookmaker will welcome you with a bonus, but you will only have the possibility of recovering the amount by betting at the bookmaker itself.

Since gambling companies are not in the business of giving money to the face, the customer will only be able to dispose of the bonus amount and withdraw it from his gambling account once he has wagered it several times - until this requirement is met. of bets, the money will be blocked.

 

How can I convert a bonus to real money?

 

To convert a bonus into cash at your disposal, you will have to play the bonus amount several times in sports betting. For example, to convert a € 100 bonus with a wagering requirement that requires you to bet 10 times the bonus amount - 10X - the player must place bets worth € 1000.

 

It does not matter if the final amount resulting from betting is € 1 or € 10,000, the important thing will be to have made bets for a total amount of € 1,000, in that way the remaining money will become cash available to the bettor, who can withdraw from his betting account if you wish.

 

You should know that there is often a limitation on how low the odds you have to wager can be to meet the wagering requirement, usually between 1.5 and 2.0 - anything below the minimum odds can be bet. with bonus money, but will not count towards the wagering requirement.

 

DIFFERENT BONUSES WITH BETTING REQUIREMENT

 

Deposit Bonus

 

The most common form of deposit bonus is for the sportsbook to match the player's first deposit by a certain percentage, usually 100%. A very common wagering requirement for this type of bonus is having to bet 5 to 15 times the amount of the bonus in sports bets, or 35-70 times if it is an internet casino bonus. However, you should know that there are some online betting companies that establish wagering requirements both on the deposit (made by the client) and on the amount of the bonus.

 

Free Risk-Free Bet Bonus

 

A risk-free free bet - also known as a safe bet, or with a refund in case of loss - is another type of welcome bonus offered by some betting websites. It works as follows: the player places a bet with their own money, and the bookmaker refunds the stake if they lose.

 

Sometimes the bet is returned in cash that the bettor can use however he wants, while in other cases in the form of a bonus with wagering requirements. These wagering requirements are often easier to meet than those for a deposit bonus, as the number of times you will have to play the bonus amount is usually between 1 and 10.

 

REQUIREMENT APPLICABLE TO THE BOND, OR THE BONUS AND THE DEPOSIT

 

Depending on the sportsbook in question, the wagering requirement may be applied to the bonus amount, or to the deposit and bonus together. The difference is that if the requirement only applies to the amount of the bonus, you do not clear the bonus using real money, but only by betting the amount of the bonus. Also, your own money is often used first; which means that you can play with your money first, before you do it with the bonus money and start counting towards the wagering requirement.

 

In the event that the bonus applies to the deposit and the bonus together, you will release the bonus directly even by betting with your own money. Although real money (yours) is also used first, in this case that will not make any difference. You wonder ... what is the best? In general terms, it will be that the bonus applies to its amount and that of your deposit together, since you will begin to meet the wagering requirement from the moment you start to bet.

 

However, the big difference will be marked by how big the wagering requirement is if we express it in the same terms; that is, a bonus that is applied to your deposit and the amount of the bonus jointly in which the requirement is 4X ... will be equivalent to saying that the requirement is 8X if it applies only to the amount of the bonus. The conditions of the wagering requirement can however be changed by the bookmakers at any time, so do not take anything for granted and be sure to read the applicable terms and conditions before making the decision. Next we will explain an example ...

 

• REQUIREMENT FOR A RISK-FREE BET

 

 

We are going to assume a risk free bet of € 20 as a welcome bonus; that is, they will refund the amount of your first bet of € 20 if you lose it and without any associated wagering requirement. If you win it, you will also get the amount of your bet back, but you will have to bet the winnings obtained once.

 

The procedure to follow will be this:

 

1. Open an account at the bookmaker

 

2. Enter € 20 to qualify for the risk-free bet

 

3. Make the bet of € 20 at odds 1.5

 

4. You win the bet, so you get the € 20 back and get another € 10 profit. You must bet once those € 10 at a minimum fee of 1.6.

 

5. You make the bet and it is a winner, so you get the € 10 back and get € 6 of benefits

 

6. You have already fulfilled the requirement, so all the money (€ 36) is now cash at your disposal and you can withdraw it from your betting account if you wish.

 

 

Betting requirements for online casinos

 

The wagering requirements in internet casinos are a bit different than in sports betting. Although the bonuses are often higher, these in turn imply more difficult wagering requirements to meet. The requirements are usually at least 20 times the amount of the bonus, but there are specific cases in which it may be required to bet up to 100 times the amount of the casino bonus.

 

Also, different casino games are counted differently in order to meet the wagering requirement, as it is usually only the slot machines that count 100% in relation to the wagering requirement - blackjack or roulette have a much lower contribution, sometimes they don't even exceed 5%. Also in online casinos customers are offered free spins (or spins) on slot machines, but even here they often apply wagering requirements to winnings.

 

 

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