Please Help Me understand How Wager Requirements Work

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    Last post ago over 7 years by Tirilej
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    ccstar

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        ccstar

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        Excuse the question but I am new at this and I have been studying pretty hard  but I can't seem to grasp how the wage requirement works.
        First question:
        Ok so for example, I deposit $100 into a casino that offers $200 bonus so that makes for $300 that I have to play with. So their wage requirements 20 X B (20X 200 = 4000) or is it ( 20X300 = 6000)?

        Second:
        Assuming the wage requirement is 4000, what does that mean exactly. Also assume that I am betting $1 per turn/round/spin, Does it mean I have to play 4000 times, does it mean I have to earn $4000, does it mean I have to wage(bet) $4000  but I only have $300 to start with? I just don't know at this point what I am suppose to do and how I am suppose to do it to meet the wager requirements.

        Thx for the help
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        The wagering requirements are usually deposit and bonus totaled together ! If you deposit $100 and get a $200 bonus like you said = $300.  If the wagering requirements are 20x then , your playthrough would be $6000. And yes , if you were betting $1 per spin - you would have to spin 6000 times to meet the wagering reqyuirements before you could cash out ! Sucks doesn't it ?? That's why I don't play with any bonus
        Hope this helps
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        ccstar

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        MISTERTEE wrote:

        The wagering requirements are usually deposit and bonus totaled together ! If you deposit $100 and get a $200 bonus like you said = $300.  If the wagering requirements are 20x then , your playthrough would be $6000. And yes , if you were betting $1 per spin - you would have to spin 6000 times to meet the wagering reqyuirements before you could cash out ! Sucks doesn't it ?? That's why I don't play with any bonus
        Hope this helps


        Oh my, it would take me weeks maybe even months to spin/play 6000 times  . Now if my wager/bet is $5 per game/per spin then, I would only have to play 1200 times to meet the wager requirement and cash out? Is that how it works?

        Thanks for coming to my rescue!
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        yes - that is correct But , you may not ever reach the wagering requirements ! There is no guarantee   The only time I take a bonus is- if there is no playthrough(wagering requirements) and no max cashout - which I have done before ! And I was able to cash out $1000-- but it took me 54 days to get paid so, i don't play at that particular group of casinos anymore I would just make a deposit with no bonus attached ! Then you are free to cash out anytime you would like ! Good Luck ccstar !
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        blueday

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          Yes - that is exactly right.  Assuming the assumptions i.e. $300 x 20 WR you have to spend $6000 in any way to meet the wagering requirements.  Once you have physically spent $6000, then you can cash out but watch out for the max withdrawals etc.

          Best of luck.

          Blue
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          Tirilej

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          But if you don´t use a bonus, is it common that you have to wager the deposit anyway?
          I read this in Gold Rock casino´s T&C: Deposit made without any addittional bonus must be wagered ten times (10x) its sum in order to qualify for withrawal.

          I thought I could just deposit, win money and get out whenever I wanted if I didn´t use a bonuspromotion, or did I understand it all wrong?
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          I guess it depends on the casino ! Most casinos don't have wagering requirements if you just deposit without bonus Maybe I am wrong about this ! But I am not aware of having to wager a non bonus deposit x amout of times before withdrawal !
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          Tirilej

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          It seemed really strange to me, but I asked livechatt just now and it was to prevent laundring she said. They have never denied anyone to cash out if they wanted earlier and I do believe her. She was very friendly and gave me $10 for free when I asked if they use to give free money to depositers

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