40x Wagering Requirements: A Beginner’ Guide
Once, we also weren’t experienced in online gambling and were intensively wondering what wagering requirements are and how they are related to online casino bonuses. Luckily, we can answer now:
Wagering, rollover, or playthrough requirements are the number of bets the casino imposes on all players who want to claim its bonuses. The number 40x means that you need to wager your bet 40 times before withdrawing any winnings.
It’s a must to understand wagering requirements to know how much money you need to invest and what time you have to claim your casino’s bonus, and which games you are allowed to play.
40x Wager: Explaining the Basics
When choosing casino bonus deals at any Canadian casino, you’ll notice there are certain conditions that you need to fulfill. To find out how, be ready to learn the terms implied. With that in mind, you’ll often come across the terms deposit and no deposit bonus, playthrough, winning cap, and stake.
Bonuses are rewards that you can receive by registering at the casino. There are several types of bonuses you can claim by fulfilling the 40x rollover requirements. The most common are deposit match bonuses and no deposit bonuses.
Deposit match bonuses usually come with minimum deposit requirements and wagering requirements that vary from 20x to 45x. On the other hand, no deposit bonuses can have much higher playthrough requirements that can reach up to 100x.
Regarding the term winning caps, every type of bonus comes with maximum withdrawal limits that you won’t be allowed to exceed, even if you hit larger wins. That said, winning limits will depend on the type of bonus.
The last term you need to understand is ‘stake’. Stake or wager is the money you wager on select games. The term ‘stake’ can pertain to real money wagers or free spins bets.
Calculating the 40x Wagering Terms
To learn how to calculate the amount you must invest to claim your bonuses, you’ll have to familiarise yourself with what is bonus playthrough rate. In short, this is the number of times you must bet in order to turn your bonus into cashable winnings.
For example, if the casino offers C$100 in free cash with 40x wagering requirements, you’ll need to wager C$4000 to claim this bonus. On the other hand, if you want to claim a deposit bonus, you’ll have to add the initial or minimum deposit into the formula. For example, if you want to claim a 100% deposit bonus that comes with a C$10 minimum deposit and a 40x wagering requirement, you must wager C$400 if you place the minimum qualifying deposit of C$10.
A typical wagering requirement calculation works in the following way: multiply the bonus amount by the wagering requirements to get the exact amount you need to wager. If we use the first example, the formula will look like this: 100 x 40 = C$4000, while in the second example, the formula will look like this: minimum deposit x wagering requirements, or 10 x 40 = C$400.
Here is another, more extensive example:
|Wager Req.||Deposit Amount||Bonus Match||Gate RTP||Game Contribution||Wager Amount||Possible Win|
In this scenario, you’ll need to wager C$4000 for the theoretical win of C$40.
40x Wagering Terms and Other Important Conditions
Each online casino will impose specific conditions that you must fulfil to claim free spins or bonus cash. These conditions will be laid out in the casino T&C section.
In the T&Cs section, you’ll find out what time limits come with the 40x wagering requirements, what is the maximum bonus amount that you can withdraw, and what games contribute towards the bonus.
Time frames will depend on the type of bonus. Welcome bonuses come with time limits that vary from 14 to 30 days, while for no wagering deals, you’ll have 1 to 7 days. Free spins deals will have even shorter timeframes, usually 24 or 48 hours.
As for the maximum winning caps, with deposit deals, they usually go from $C100 to C$1000, while with no deposit bonuses, they stand at C$100. Furthermore, not all games will contribute the same percentage towards the bonus, i.e., slots will contribute 100% while table games, video poker, and alternative casino games will count between 10% and 50%, depending on the game category. That means if you bet C$1 on a game with 50% contribution, only C$0.50 will go toward reducing the rollover terms.
40x Wagering: What to Watch Out For
When it comes to claiming bonuses, players tend to make the same mistakes over again. Most commonly, players try to withdraw their bonus before meeting the wagering requirements; they don’t pay attention to the game eligibility list, and they don’t respect the time frames.
For example, if the casino offers you a bonus of C$50 that comes with 40x rollover requirements, you’ll have to wager C$2000 within the given time before you can withdraw your bonus money. You must also avoid playing games that don’t contribute to the bonus. Usually, you can find a list of excluded games in the T&Cs section.
And finally, you need to keep an active track of the time. If you fail to meet the wagering requirements within the specified time, you’ll likely lose the bonus and winnings acquired from it.
Why 40x Wagering Bonuses Are the Best Deal for You
When you learn how to calculate wagering requirements, you’ll be able to evaluate if the bonus is worth your time. Moreover, you’ll learn about the allowed wager limits and how they differ depending on the game, which will help you claim your bonus within the given time frame.
Lastly, understanding wagering requirements will decrease the risk of forfeiting the bonus before the promotion expires.
40x Wagering Requirements: FAQ
What does a 40x wagering requirement mean?
Wagering requirements refer to the number of bets that players must place in order to claim casino bonuses. In this case, players will have to bet the bonus amount 40 times on eligible games within a predetermined time frame, which can take anywhere between 7 and 30 days.
Can I cash out my winnings before meeting the 40x rollover requirement?
No. If you want to be able to cash out your winnings, you’ll have to wager the bonus (and/or deposit amount) 40 times on qualifying games. If you don’t fulfil the rollover requirement within a specific time frame, your bonus will expire and your winnings will be forfeited.
Can I navigate my 40x wagering progress?
There are two ways to check your wagering progress. The first is to log into your account and find the Bonuses or My Rewards tab. Here you’ll find the bonus progress bar that will show you the current status. Another way is to contact customer support via live chat or email.
Are 40x rollover requirements common at online casinos?
Yes, 40x wagering requirements are pretty common in the iGaming industry. In fact, almost all casinos impose rollover requirements on their welcome bonuses that range from 30x to 40x. However, online gambling platforms can also set higher or lower playthrough requirements.