Casinos don’t like when someone accepts a bonus, withdraws the money and leaves without playing in the casino. To prevent this type of “bonus runs”, virtually all online casinos employ methods that makes it impossible for you to simply accept a bonus and leave with the money right away.
One of these methods is the wager requirement. When you accept a bonus that comes with a wager requirement, you accept that you wont be able to withdraw the bonus until you have wagered a certain amount of money in the casino. In some cases, you will still be able to withdraw money that you deposited yourself and money from earlier wins without fulfilling the wager requirement first. In other cases, your entire casino account will be frozen until you have fulfilled the wager requirement. It is imperative that you check the terms and conditions before you accept any bonus.
A wager requirement can also be tied to winnings pertaining from bonus money or free spins.
Here are three examples of questions that you should find out the answer to before you accept any bonus money or free spins:
- Will may entire casino account be frozen until the wager requirement is fulfilled?
- Is there a time limit on fulfilling the wager requirement? What happens when the time is up?
- Will certain wagers not count towards the wager requirement, or only count partially?
- What happens if a request a withdrawal without fulfilling the wager requirement first? Will my bonus money and any winnings vanish automatically?