Wagering Requirements

Wagering Requirements The promise for a hefty sign-up bonus has some requirements, terms and conditions that come along with it. This lesson will teach you what to look for, and what to look out for.

By Claire K | May 31, 2007

Bonus, Poker Game, Wagering Requirement

High School

Lessons: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12

In This Lesson

Understanding Wagering RequirementsCasino Terms and ConditionsBeing Aware of Bonus Limitations

When looking for a good sign up bonus, it's not about big numbers, but rather in reading the fine print. What may look attractive to you at first might actually be a major financial pitfall, especially if you're only at a beginner stage. This is because sign up bonuses are not transferred to your online account instantly (wishful thinking).

The sign up bonus, rather, is transferred, or cashed out by you, according to you reaching a certain wagering minimum. This can range from three times the initial deposit, to up to forty times your initial deposit + bonus. Also be careful to note that casinos require that your initial deposit reach a certain minimum, and that you wager in a certain chip value, such as $25 chips only. Now you can see how even the smallest bonus might suit you better!

Additionally, sign up bonuses generally have a validity period, as they are not instantly handed out. You might not be able to wager the amount required in order to receive your bonus within the given time frame. Whether this is because of time or financial difficulties, it makes double checking this aspect worthwhile. Moreover, you might only be able to use your bonus on certain games, that you either don't like or don't know how to play. And finally, when playing for chips in games like poker, receiving your bonus is dependent upon you winning the pot a certain amount of times, simply in order to qualify!

All this information can be found in the terms and conditions of the site, which is sometimes placed alongside the bonus offer or sign up link. So in short, a good deal is made up of good conditions, so always read them before signing up! Once you fully understand these, you can move on to the next lesson that will teach you about more advanced programs that help the established gambler join profitable bonus programs such as VIP Clubs.

High School