Online casinos offer a wide range of bonuses and promotions to attract new players and keep existing ones. However, these bonuses come with conditions known as playthrough requirements or wagering requirements, which determine how much you need to bet before you can withdraw any winnings.
Understanding Playthrough Requirements
Playthrough requirements are expressed as a multiplier of the bonus amount or the deposit amount. For instance, if you receive a $100 bonus with a 20x playthrough requirement, you must wager $2,000 before you can withdraw any winnings. If you attempt to withdraw before meeting the playthrough requirements, the casino will usually void your bonus and winnings.
The playthrough requirements vary from one casino to another, and they are put in place to safeguard the interests of the casino. They ensure that players cannot abuse the bonuses and promotions by making a deposit, receiving a bonus, and immediately withdrawing their funds without playing any games.
Why Do Casinos Have Playthrough Requirements?
Casinos have playthrough requirements to protect themselves from players who exploit the bonuses and promotions without engaging in any real gambling. These requirements ensure that players must use the bonus funds to wager on games before they can withdraw any winnings. Casinos would not survive if they were to offer bonuses with no playthrough requirements, as players would make deposits, receive bonuses, withdraw their funds, and never return to the casino.
Playthrough requirements also help casinos to manage their finances. By setting these requirements, the casino can predict how much money it will generate from bonuses and promotions. This information can be used to optimize the casino’s business operations and plan for the future.
Different Types of Playthrough Requirements
There are several types of playthrough requirements that you may encounter when playing at an online casino. Some casinos require you to wager only the bonus amount, while others require you to wager both the bonus and deposit amount. The latter type of requirement is more stringent and means that you must wager more money before you can withdraw any winnings.
Some casinos have game-specific playthrough requirements, where certain games contribute more towards the playthrough requirement than others. For example, some casinos may allow slots to contribute 100% towards the playthrough requirement, while table games may only contribute 10%. It’s important to read the terms and conditions of the bonus offer to understand the specific playthrough requirements and which games contribute towards them.
Playthrough requirements are a necessary part of online casino bonuses and promotions. Although they may seem frustrating at first, they ensure that players must gamble with bonus funds before they can withdraw any winnings. It’s important to always read the terms and conditions before accepting a bonus offer to understand the playthrough requirements and avoid any disappointment later on. Playthrough requirements also help to ensure the long-term sustainability of online casinos by protecting them from abuse and managing their finances effectively.