20x Wagering Requirements: A Thorough Explanation
Wagering requirements are additional requirements you must meet to withdraw winnings from your account. They represent the main mechanism casinos use to prevent players from cashing out bonus funds right after claiming the promo. It’s almost always a must to fulfil the wagering requirements to withdraw the bonus funds.
According to the research we recently conducted, a 20x wagering requirement is one of the fairly popular and easy-to-meet options for Canadian players. You’ll often find higher wager like 30x, 50x, and even 100x. The higher the wagering requirement, the more you’ll have to wager to complete it.
20x Wager: Basic Terminology 101
Let’s start off with casino sites promotions for Canadians! They’re widely available nowadays; the vast majority of online casinos now feature some sort of a welcome offer… and every welcome offer has a certain set of rules players need to follow.
These rules are clearly established on the Bonus Terms and Conditions page. Most common rules revolve around wagering requirements, time restrictions, minimum deposit amounts, and similar. As the title suggests, we’re here to address the wagering requirement AKA playthrough rate.
The wager requirement represents the number of times a player has to wager through the funds (just bonus, or bonus plus initial deposit) to be eligible for a withdrawal. The most common wagering rates are 10x, 20x, and 30x. These are considered the “easy” bunch, though some casinos go as high as 100x.
A big misconception about wagering requirements revolves around the way they’re set up. Some casinos only require players to wager through the bonus amount they claimed, while others require them to wager through the deposit amount and bonus amount. More on that right below.
Understanding 20x Wagering Rate: Calculations & Examples
Lots of people are asking the same question – what is bonus wager rate? They’re not talking about the theoretical part; no issues there. They want to learn how to crunch the numbers.
That’s why, in this section, we’ll give you some concrete examples of 20x wagering rate for online casino bonuses.
Let’s say you got a sweet 100% deposit match at 10x wagering and you ended up depositing $10. To withdraw the bonus funds (and your winnings), you’d have to wager through quite a bit. What’s the exact number? Well, that depends on whether the casino counts only the bonus or the deposit and bonus together as the wagering amount. You can find that info in the terms and conditions.
- If the T&C page states that just the bonus needs to be wagered, you’d have to wager through $100 to complete the requirements and withdraw the funds.
- If the T&C page states that the wagering amount is bonus + deposit ten times over, then you’d have to wager $200 to complete it.
Here’s a table with two examples with a slightly larger deposit:
|Wager Req.||Deposit Amount||Bonus Match||Gate RTP||Game Contribution||Wager Amount||Possible Win|
20x Wager: Most Common Pitfalls and How to Avoid Them
Obviously, fulfilling the wagering requirement is not as easy as it might seem at first. Even a 10x requirement can cause issues for experienced players. 20x playthrough takes things up a notch and usually requires a strategic approach and smart gameplay.
There are several pitfalls beginners fall into when trying to complete the playthrough requirements. They are as follows:
- Not understanding the bonus: This typically comes as a result of players not reading the bonus terms and conditions.
- Forgetting to track your playthrough progress: Players can check their wagering progress by going to their casino account page.
- Failing to complete the wagering rate in time: If this happens, you’ll lose all of your accumulated bonus funds.
Main Benefits of Understanding 20x Wagering Requirement
Folks who truly understand the problems behind wagering requirements and their importance within casino bonuses will have the highest chances of actually withdrawing their funds.
Let’s repeat the key takeaways here and wrap it all up:
- Don’t rush through your bonus playthrough. Be patient, give yourself enough time and the results will come naturally.
- Remember to always opt for high RTP bets. Even though the differences in percentages don’t seem like much, they add up over time. Knowing this will greatly help your cause.
- We hope you now understand that high-volatility slots aren’t the best choice for completing your bonus playthrough requirements. Your main goal is to play as many rounds as you can, so your best bet are low-volatility slot machines.
20x Wagering Requirements: FAQ Section
What does a 20x wagering requirement mean?
If an online casino bonus has a 20x wagering requirement, it means that you have to bet your initial deposit plus bonus funds twenty times over to be able to withdraw the funds. If you don’t make it in time, your bonus funds will go to waste.
Can I withdraw my winnings before meeting the 20x wagering requirement?
Technically you can request a withdrawal, but you can only request funds that are eligible for withdrawal. Mind you, the bonus funds that were awarded to you for the first deposit are not eligible for withdrawal until you fulfil the wagering requirements.
How do I keep track of 20x wagering progress?
No need to worry, you don’t have to manually track your wagering progress. Simply open up your account info and you’ll see your stats within the bonus section. The exact location varies from one casino to another, but it has to be somewhere within your account pages.
Are 20x wagering requirements common in the online casino industry?
Yes, 20x playthrough is quite common. You can also find 10x and even 5x, though both are quite rare. These days, you’ll most commonly see numbers ranging from 15x to 35x. Those seem to be the most popular options nowadays.