Bonus Wagering Requirements
What are bonus wagering requirements?
Bonus wagering requirements are also referred to a the "playthrough" requirement. This is a minimum amount you must wager or bet in order to be able to withdraw your bonus. Every casino has them. You can find a few casinos that keep their bonus wagering requirements low. We'll list those below. Wagering requirement range from 10x - 30x the bonus plus the deposit.
Casinos will have different casino bonus wagering requirements for different games. Games where the house losses an edge, Blackjack, Baccarat, SicBo, Roulette, ect, the wagering requirement may increase or not be counted at all. This makes sense if you think about it. Take roulette for instance, this is a games where you can wager money but not lose any. For example betting the same on red and black. This would greatly increase the amount you wager, but not take a chance of loss.
We'll give examples below.
Why do the casinos require a playthrough requirement?
Well it is in the interest of fair play. Surprisingly, there are a lot of people out there that are dishonest and would simply sign up at the casino, claim the bonus and withdraw the winnings on money wagered that wasn't even theirs. They call this "bonus whoring". The casinos are constantly battling this obstacle. If you use the bonuses responsibly, everyone can win. Remember, a casino bonus is free money the casino is giving you to play with on top of your deposit.
Here is an example of a 100% bonus up to $100 with an 8x bonus plus deposit wagering requirement:
$50 - Deposit
$50 - Bonus ($50 x 100%)
$100 - Money you play with ($50 deposit + $50 bonus)
$800 - Wagering Requirement ($100 x 8 = $800)
This means you must wager $800 to be able to withdraw winnings from the bonus. This is not as difficult as is sounds. You'll be surprised at how much you will wager over the span of an hour. You constantly go up and down. The goal though is to end in the black.
Now, if you just deposit money with no bonus, there is no casino bonus wagering requirements. You can withdraw any money at any time. These wagering requirement are only if you take advantage of the bonuses.
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The online casino bonuses found at Cherry Red Casino surpass any other promotions being offered at most online casinos, by far. Cherry Red Casino is one of the most well respected online casinos around and the way they take care of their customers has earned them the bragging right on that reputation. Cherry Red Casino welcomes players to the casino with up to $2400 in casino bonuses, just waiting to be collected, and has low bonus wagering requirements. Cherry Red is continuously running promotions, in an effort to attract new players and keep the members satisfied at the same time. Thus far, Cherry Red Casino has reached that goal and continue to impress players with each passing day. |
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