Wagering requirement is one of the major points which comes into the mind of a player when he chooses a casino to play. It is very trivial sometimes for a new player to understand the concept of wagering requirement. So, it means that if you get the bonus when you deposit, the bonus cannot be cashed until you bet number of times of the wagering.
Example- You join a casino which offers 100% up to £100 and has a 20x wagering requirement for bonus. You deposit £100 and get a match up 100% bonus of £100. Now you need to bet the £100 bonus 20 times to cash it.
There are wagering requirements where you need to wager both the deposit+bonus before you can withdraw the winnings. So, if you have deposited £100 and got a match up bonus of £100. Then he has to wager both the deposit and bonus at least 20 times before he can withdraw the remaining as winnings.
A player needs to read the terms and conditions of the bonus carefully. There are casinos which has wagering requirement of 20x, 40x,60x and 100x. Generally, the no deposit bonuses have higher wagering requirements than the deposit bonuses.
The bonuses are revoked if these are not wagering within a specific period of time. The bonuses are recently been audited very closely by the regulation authorities in the industry. Especially in the UK market the bonuses are highly taxed as the regulators want brands to put a curb on the bonuses. Therefore, the brands are now very restricted and set a maximum limit of bonuses. Recently we can see a trend in different online casinos where they are lowering the wagering as they want more players to deposit and wager the bonuses.