Probably every online gambling world newbie wonders what wagering requirements are and how do they work. If you're one of them, keep reading to find in-depth answers to all of your questions.
THE CONCEPT OF WAGERING IN GAMBLING First of all, we need to clarify what a wager is. Cutting it to the chase, it's simply a bet. In online casinos, a wager refers to money you put at stake for each round of cards, sports game or slot spin. The total of your bets over a certain period of time or of a single session can also be referred to as a wager. Wagering RequirementsOnline casinos offer bonuses and promotions that encourage you to play at a specific website. These offers include anything from free spins to free bets or even cash. But most frequently they come at a certain price, and that price is a wagering requirement. In order to withdraw a bonus or any of the winnings that you get from that bonus, you have to wager a certain amount of money first. The amount wagered will depend on a number of different factors. Even though it may seem to you like casinos imply wagering requirements to squeeze more money out of players, the truth is different. They are aimed at preventing money laundering. If there were no wagering requirements, it would be far too easy for criminals to launder money by depositing and withdrawing funds right away. How Do They Work?Wagering requirements vary depending on the bonus type and the online casino.
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AuthorContent marketer, online gambling enthusiast, sports fan. Archives
April 2021
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