One of the most annoying things about online casino bonuses is the playthrough requirement policy, which is also often referred to as the wagering requirement. This is basically the amount of cash that you need to wager before you can start the withdrawal process. Let’s take a quick look at a couple of examples of how this works at most online casinos.
Let’s just say that one of our featured Australian online casinos is currently offering all new players a 100% matching deposit bonus worth up to AU$100 with a 30x times playthrough requirement attached to it. This means that you can double up on your first ever deposit up to the maximum value of AU$100.
The bonus funds are usually credited to your account as soon as your deposit has been successfully processed and then you can use your bonus funds (and your initial deposit) to play on any of the games in the real money mode. Using the same example above means that if you deposit just AU$10 you would end up with a total of AU$20 to play with (AU$10 deposit + AU$10 bonus funds).
If you deposit AU$50 you would end up with AU$100 to play with and if you deposit the full AU$100 you would end up with a maximum bonus of AU$100. Therefore if you maximise the bonus you would end up with a total of AU$200 to play with, but then before you could just withdraw your bonus cash you would need to wager the deposit amount at least 30x times.
In other words, deposit just AU$10 and the 30x playthrough requirement attached to this bonus means that you would only need to wager a total of AU$300 before you could withdraw. If you deposit AU$100 then you would need to wager AU$3,000 (AU$100 deposit x 30 playthrough requirement), and so on. You wouldn’t be able to withdraw any winnings that you have made from your welcome bonus until you have completed your playthrough requirements and they normally need to be completed within one month or one week at the very least.
Some online casinos also require you to wager the deposit amount as well as the bonus amount. Therefore if you deposit AU$10 with the same bonus example that we used above, you would need to wager AU$310 and not AU$300. If you initially deposited AU$100 you would need to wager AU$3,100 and not AU$3,000. You don’t always have to accept bonuses at online casinos, in which case you wouldn’t have to complete any annoying wagering requirements, plus you can also forfeit your bonus at any time.
You must also remember that the Instant Win Games and Online Pokies usually contribute MORE (generally 100%) towards completing your wagering requirements, but games like Roulette, Blackjack and most other Table & Card Games may only contribute as little as 1.00% to 20.00% towards completing them. For more information about online casino bonus wagering/playthrough requirements, contact the toll-free player support at your chosen casino and they will be happy to explain things further for you.
September 14, 2017
The new Giovanni’s Gems pokie from Betsoft Gaming and the new Fairy Gate pokie from Quickspin are both available now at Casino Mate.
September 7, 2017
When you accept an online casino bonus today you generally have to complete playthrough requirements and this is explained here.
August 31, 2017
Two of our most highly recommended Aussie online casinos now have an exciting new range of online pokies from a company called Play’n GO.