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What Is Wagering On Slots?

What Is Wagering On Slots?

Welcome to our latest blog post at UK Slot Games. Whether you're new to the world of online slots or looking to brush up on your understanding of wagering, this article is your go-to resource. Here, we'll explore the concept of wagering on slots, breaking down how wagering requirements work and guiding you on how to meet these requirements effectively. We'll also delve into various promotions and clarify important terms and conditions to ensure you're fully informed. 

What Is Wagering On Slots?

In the world of online slots, the term 'wager' simply means to bet. Whenever you spin the reels using real money, you are making a wager. 

Now, when we talk about 'wagering requirements,' we are referring to rules set by casinos that dictate how much you need to bet before you can withdraw winnings from a bonus. 

How Does a Wagering Requirement Work?

Wagering requirements are conditions set by casinos on bonuses to prevent immediate withdrawal of the bonus funds. Essentially, they specify how many times you must wager (bet) the amount of the bonus before you can withdraw any winnings gained from the bonus. 

For example, if you receive a £20 bonus with a 20x wagering requirement, you need to bet a total of £400 (£20 x 20) on eligible games before you can withdraw any money won using that bonus. 

Alternatively, if the bonus offers 10 free spins and is subject to 20x wagering requirements, then you play through the spins and the wagering requirements are applied to the total winnings generated from the spins. So, say you won £7 in total from the 10 spins, you then need to bet a total of £140 (£7 x 20) before you can withdraw any winnings from the spins as real money. 

These requirements ensure players engage more deeply with the casino's offerings rather than leaving immediately after receiving a bonus. 

How Do You Meet Wagering Requirements?

As mentioned above, meeting the wagering requirements can vary depending on whether it is a deposit match bonus (bonus funds) or a free spins bonus. 

Deposit Bonus

For a deposit bonus, the wagering requirements are applied to the bonus amount. So, if the bonus offers £15 in bonus funds and is subject to 30x wagering requirements, then you need to bet £450 (£15 x 30) in total before you can withdraw any winnings stemming from the bonus funds. 

Free Spins Bonus

If the casino is offering a free spins bonus, then the wagering requirements apply to the total winnings earned from the bonus spins. 

For example, say you win £5 in total after playing through the 10 free spins a casino offers, and the bonus is subject to 40x wagering requirements. You would have to bet £200 (£5 x 40) before you could withdraw any winnings generated from the bonus spins. 

Promotions and Terms & Conditions

Most online casinos, including ours, feature attractive promotions to draw new players and keep existing ones engaged. These promotions often provide bonus funds or free spins as incentives. For example, new players might receive bonus money upon signing up, or frequent players could earn extra spins as a reward for their loyalty. 

However, it's crucial to carefully read through the terms and conditions associated with these offers. These documents detail any wagering requirements - how much you need to bet before withdrawing winnings - as well as other conditions that may apply to the bonus. 

Understanding these terms and conditions ensures you know exactly what to expect and helps you make the most of the promotions without any surprises. Always take a moment to familiarise yourself with these details to decide whether the bonus is right for you.