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Wagering Requirements

Wagering requirements define how much money a player needs to wager in order to convert the bonus funds to real funds you can withdraw. And you will always have to play through your free spin winnings a certain number of times.

The lower the wagering requirements, the easier it is for the player to meet it and cashout their bonus.

Here’s an example:

Example

Slototop Casino offers 25 Free Spins on on Sweet Bonanza. These Free Spins come with a 60x wagering requirement.

Let’s assume you claim these Free Spins and win €100. This means you must wager €6000 to convert the Free Spins winnings to real money you can withdraw.

Here’s a calculation that puts this into perspective:

€100 winnings x a 60x wagering requirement = €6000 to wager.

So, once you’ve played €6000, any remaining funds in your bonus balance are converted to real money and transferred to your cash balance. You can now withdraw your Free Spins winnings.

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Win Caps

Win caps are a straightforward bonus limitation. When the bonus has a win cap imposed, it is expressed as a certain sum of money. Using the bonus, you cannot win any more money than the sum defined as the win cap.

Win caps can vary quite a bit between casinos and also between different bonuses within the same casino. The range is generally between $10 and $200.

Bet Limits

When you’re betting or wagering with your own deposited money, you can bet the largest bet size allowed by the game you are playing.

However, this is not the case when playing with bonus funds or free spins. You cannot place a bet higher than the maximum bet size limit defined in the terms and conditions.

Smaller bets result in smaller winnings. By limiting how much you can bet, the casino reduces the probability of big wins. Usually, the bet size is limited to $5.

Excluded Games

Some casino games have better payout ratios than others. It would not be in the best interest of the house to allow players to play free spins on games where the return to player percentage is high.

Therefore, it is not uncommon for an online casino to list high RTP and high volatility games as excluded games.

Game Weighting Percentages

Each category of games will have a game weighting percentage. If, for instance, the game weighting percentage of Blackjack is 50%, it means that only 50% of any bet you make on a Blackjack game will be counted in favor of completion of pending wagering requirements.

Usually, games that have a higher house edge will also have a higher weighting percentage. This is why video slots tend to have 100% weightage. This way, casinos can encourage you to play games which are conducive to their profits.

Expiry Dates

Expiry dates are quite easy to understand. They are also sometimes referred to as the validity of a bonus. The clock starts ticking down from when the bonus is received. Once the expiry date is reached, the bonus is voided. So, play your bonus fully before it expires.

Something that is often overlooked with expiry dates is that they also apply to wagering requirements associated with the bonus. Meaning, you need to complete the wagering requirements before the bonus expires.