Online gambling is a always expanding industry, with thousands of people starting every day, and millions more logging onto various online casinos to gamble.
Since there is such massive popularity, there are a huge number of online casinos out there. When you’re checking out new online casinos to try, you’ll probably notice the huge bonuses that most of them offer.
These bonuses, usually given to match your initial deposit, might seem ridiculous or too good to be true. The fact is that most of these bonuses have a catch: and it’s called the playthrough requirement.
What is this requirement about?
Because casinos pay out so much in bonuses, they can’t afford to have people withdraw their money and walk away.
To help counter people withdrawing early, most casinos took on a new policy of a playthrough or wagering requirement.
Basically what these requirements say is that you have to wager the bonus you received X number of times. That X depends entirely on the casino, but it’s usually between 20x and 30x.
What this means is that you’ll have to wager 20-30 times the amount you were given as a bonus before withdrawing anything.
So if you got $100 as a bonus, you’ll have to wager $2,000-$3,000 before you can withdraw the bonus funds.
How to find this requirement on the bonus I’m getting?
The above explanation is an extremely simplified one.
Every casino has different terms to their playthrough requirements. It’s absolutely vital that you read the Terms and Conditions of any casino before joining it.
The Terms and Conditions can usually be found on the bottom of the homepage, and there should be a link displayed when you try to sign up.
If you’re not going to take the time to read the entire T&C, at least read the section about wagering requirements. It’s a very good idea to sit down and really read through the entire page of terms and conditions.
Since you’re dealing with your hard-earned money, you should know exactly what’s going on at all times. You should never be left in the dark, and some shady casinos will try to do that to you by making it hard to find the information you need.
Playthrough is variable
One thing that gets confusing with playthrough requirements is when casinos place different values on different games.
Casinos know that it’s easier and safer to wager X amount of money on specific games, so they lower the weight that these games carry. For instance, games like Roulette and Blackjack are rarely given full value for wagering requirements.
You might get 50% from games like those, and that’s if you’re lucky. Some casinos ban Blackjack and similar games altogether from bonus play.
You should be able to find information about specific games in the Terms and Conditions or FAQ page. If you cannot, contact the casino’s support team and ask. It’s your right to know what you’re getting into when you sign up for a casino and accept a bonus.