Wagering requirements are conditions set by online casinos like jiliko sign up that must be met before you can withdraw any winnings earned from bonus money. In other words, you have to gamble a certain amount of money before you can cash out. These requirements exist to prevent people from simply taking the money and running.
The betting requirement differ from casino to casino, although they often run between 20 and 50 times the bonus amount. As a result, in order to withdraw any wins from a $100 bonus with a 20x wagering requirement, you would first need to wager $2,000 on gambling games.
How Do Wagering Requirements Work?
To meet the wagering requirements, you will have to play games at the online casino. The games that contribute towards meeting the requirement and the percentage that they contribute may vary. For example, slots may contribute 100%, while table games might only contribute 10%.
It’s important to go through the terms of service of the bonus before claiming it so you know what games you can play and how much they contribute. Wagering requirements can usually be met within 30 days or less, but some casinos give you up to 90 days.
There is usually a maximum bet limit in place when meeting wagering requirements. The limit is usually 5% of the bonus amount or $5, whichever is lower. This means that you can’t just bet the minimum amount on a high-stakes game and hope to meet the requirement quickly. You will have to place several bets over time to reach the total required amount.
Conclusion: Are Wagering Requirements Worth It?
Whether or not wagering requirements are worth it depends on your personal preferences as a gambler. If you’re someone who enjoys playing casino games for fun and doesn’t mind placing several smaller bets over time, then meeting wagering requirements probably won’t be an issue for you. However, if you’re looking to make a quick profit, you might want to steer clear of bonuses with high wagering requirements.