Bonus for Casino Players
To encourage gamblers to indulge into casino games, various bonus schemes are offered by the casinos. There are numerous ways they offer these bonuses; some casinos give match bonuses by doubling the amount of money deposited by the player, whilst some simply give No Deposit bonus to the player just for playing.
Earlier on casinos lost a significant amount of money, as people were exploiting this offer by opening multiple accounts and then cashing the money out as quickly as possible. To avoid further exploitation casinos opted for a "Wagering or Playthrough" rule that intended to minimize such loses made by the casino as well as to help the genuine players have more fun at the casino.
How Wagering Requirement Works
The most important factor of this scheme is that the player can only cash out on the winnings, once the player has played through or gambled a certain amount of the initially deposited money.
The amount differs from one casino to the other; hence players must go through the rules and regulations carefully before they end their quest for bonuses. Look into the online casinos terms and conditions which will contain all the information that you would possibly want.
A Wagering Example
For instance, if an online casino requires 15X, this means the player must gamble an amount 15 times the actual amount that they deposited in order to make any withdrawals.
If you deposit $100 you will get a bonus of 100% giving you a total of $200 to play with. The wagering requirement requires you to gamble a total to $1500 before you can withdraw your winnings. Although, it sounds ruthless it is necessary to protect the interests of both the online casino and the genuine players and it also facilitates fair play.