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Wagering requirements refer to the number of times you must bet your bonus amount before you can withdraw any winnings derived from it. For instance, if you receive a £100 bonus with a 35x wagering requirement, you need to wager a total of £3,500 (£100 x 35) before you can cash out.
How do wagering requirements work?
Upon receiving a bonus, every bet you place counts towards the wagering requirement. However, not all games contribute equally. Typically, slots contribute 100%, while table games like blackjack or roulette may contribute 10% or less. This means if you play a £1 slot game, it counts fully towards the £3,500 target, but a £1 bet on blackjack may only count as £0.10.
Why do casinos have wagering requirements?
Wagering requirements are designed to protect casinos from bonus abuse. They ensure players engage with the games before withdrawing any bonus funds, thereby creating a fair play environment. This is essential under the regulations set by the UK Gambling Commission (UKGC).
What happens if I don’t meet the wagering requirements?
If you fail to meet the wagering requirements within the specified timeframe, typically 30 days, you will forfeit the bonus and any winnings accumulated from it. It’s crucial to pay attention to these conditions when you claim a bonus.
Common Myths about Wagering Requirements
Myth 1: “All games contribute equally to wagering requirements.” The truth is that different game types contribute differently, with slots typically offering full contributions.
Myth 2: “Wagering requirements are unfair.” In reality, they are a standard practice across the industry that helps ensure fair play for everyone.
Myth 3: “Once I meet the wagering requirement, I can withdraw immediately.” Sometimes, there are additional terms, like minimum withdrawal amounts or withdrawal limits, that you need to meet.
Comparison of Wagering Requirements
Casino
Bonus Amount
Wagering Requirement
Contribution of Slots
Contribution of Table Games
VeryWell Casino
£100
35x
100%
10%
Casino A
£150
40x
100%
5%
Casino B
£50
30x
50%
20%
In summary, understanding wagering requirements at VeryWell Casino is essential for maximising your gaming experience. By familiarising yourself with how these requirements work, you can make informed decisions and enjoy your time at the casino without any surprises regarding your bonuses.
