A wager is simply a bet. In light of this, wagering describes the act of placing the bet. In the context of a no deposit bonus casino, wagering is the act of placing bets on each hand of cards, spins, or slots. On the other hand, wagering can also be described as the amount of money that players bet within a betting session or time.
A wagering requirement is a condition set by the casino on how players should place wagers at the casino.
As far as using a Canadian online casino no deposit bonus is concerned, a wagering requirement is the minimum withdrawal limit or the number of times a player has to play with the bonus amount before he or she is allowed to make a withdrawal. Unfortunately, most new players struggle to comprehend the latter part.
Wagering requirements are mostly described using a mathematical multiple. A player cannot recover bonus funds and related winnings as long as these requirements are not met. These requirements apply to not only a free cash bonus but also free spins.
Wagering requirements vary. Besides looking at the numbers, every punter needs to ensure they understand how wagering requirements work to pick the right bonus. So players must pay attention to the details to get the best from these incentives.
What is 50x wagering?
An online casino in Canada offering a no deposit bonus of $50 is hard to ignore. Suppose a player signs up only to realize that the cash bonus is subjected to a X50 wagering requirement, what does this mean?
Calculating or understanding wagering requirements on any bonus is super easy. Bonus amount X Wagering requirements = Total bet. So if a player has to meet a 50x wagering requirement to withdraw their winnings, they have to place a bet totaling to:
($50) X (50) = $2,500
Doing the math or understanding wagering requirements goes a long way in helping players understand how much they need to bet with to activate the bonus withdrawal.