ONLINE casinos and bingo sites often offer rewards in the form of bingo bonuses, slot bonuses or free spins. To withdraw winnings from these offers, usually you must first satisfy wagering requirements.
What does a wagering requirement mean?
Sun Bingo has put together this ultimate guide to explain what a wagering requirement means, and how you can fulfil wagering requirements in order to withdraw real cash.
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Learn everything you need to know about wagering requirements, including:
- What is a wagering requirement?
- How do wagering requirements work?
- What should I look out for when completing wagering requirements?
- How do I find out if an offer has wagering requirements?
- Do the Sun Bingo, Fabulous Bingo or Sun Vegas welcome offers have wagering requirements?
You’ll be ready to go on Mastermind with a specialist subject in wagering requirements after reading Sun Bingo’s guide.
What is a wagering requirement?
Of all the frequently asked questions about wagering requirements, understanding exactly what wagering requirements are seems like a good place to start.
When sites refer to a “wager” they effectively mean any bet staked on site.
Staking 20p on a slot game is a wager of 20p. Paying £1 for a bingo ticket is a wager of £1.
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When an online gaming site offers players a bingo bonus, slot bonus or free spins bonus, there are often wagering requirements attached.
That means you won’t be able to withdraw any winnings made from using that bonus until you have met the wagering requirements.
The wagering requirement refers to how much you must first stake before you can withdraw bonus winnings.
The value of the wagering requirement is determined in one of two main ways. Which sum is used depends on the bonus.
Sum One: bonus multiplier x value of the bonus.
Sum Two: bonus multiplier x winnings from the bonus.
The bonus multiplier will look like a number followed by “x” (e.g. 5x, 10x or 15x).
This represents how many times the full value of the bonus must be staked.
Generally, a bingo bonus will use Sum One, and a free spins bonus will use Sum Two.
Meanwhile, a slot bonus could use Sum One or Sum Two, depending on the offer.
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The method for calculating the wagering requirement will be stated in the terms and conditions of the offer.
The bonus multiplier may change between different deals, but it should always be clearly stated in the terms and conditions.
How do wagering requirements work?
The terms of the wagering requirement are usually within the terms and conditions of the offer.
Here’s what they could look like.
Example
Sun Bingo’s welcome offer includes a £50 bingo bonus PLUS 50 free spins. These are the terms and conditions:
New customers only. Deposit & spend £10 on Bingo to receive £50 Bingo Bonus & 50 Free Spins (selected slots only £0.20 per spin). Free Spins must be accepted within 48 hours, winnings have 30x wagering which must be wagered within this time. Bingo Bonus has 4x Wagering, bonus must be accepted & wagered within 7 days. 1 new player offer only. Deposits made with Neteller/Skrill/PayPal are not valid for this promotion. 18+. T&Cs apply.
As the bonus multiplier has been identified as “4x” and the value of the bonus is £50, the wagering requirement will be:
4 x £50
Therefore, you have to wager £200 to satisfy the wagering requirement.
Then, you can withdraw any winnings that you made from bingo games where you used the bingo bonus to pay for the tickets.
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Bingo bonus
If you receive a bingo bonus, this can only be used to purchase bingo tickets for that site, and not other games such as slots or slingos.
Depending on the deal, you may be able to use the bingo bonus immediately (some may require a deposit first, but this will be stated in the terms and conditions if applicable).
However, you won’t be able to withdraw the winnings made from games that were paid for using the bingo bonus until you’ve met the wagering requirements.
Slot bonus
Similar to a bingo bonus, a slot bonus will be a set amount that you are allowed to spend on slots (individual terms and conditions may vary).
Factors such as the stake per spin that you are allowed to use will be in the terms and conditions.
To fulfil the wagering requirements and be able to withdraw winnings, you’ll have to check whether Sum One or Sum Two has been used.
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Free spins
Free spins do exactly what you think they’ll do. You’ll be given a set number of free spins (how many and the value of the spin will vary, depending on the deal).
You can usually use the free spins as soon as they are credited to your account.
However, the wagering requirements will have to be met before you can withdraw your free spins winnings.
Example
Looking at Sun Bingo’s welcome offer again, you’ll notice that we offer a bingo bonus AND free spins.
The free spins that we offer use Sum Two:
New customers only. Deposit & spend £10 on Bingo to receive £50 Bingo Bonus & 50 Free Spins (selected slots only £0.20 per spin). Free Spins must be accepted within 48 hours, winnings have 30x wagering which must be wagered within this time. Bingo Bonus has 4x Wagering, bonus must be accepted & wagered within 7 days. 1 new player offer only. Deposits made with Neteller/Skrill/PayPal are not valid for this promotion. 18+. T&Cs apply.
Players will have to wager 30 x the winnings from their 50 free spins bonus before any bonus winnings can be withdrawn.
This means that if you win £10 through your free spins, you’d have to wager 30 x £10 (£300) before you could withdraw the £10, to meet the wagering requirement.
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What should I look out for when completing wagering requirements?
Here are Sun Bingo’s tips for when it comes to navigating wagering requirements:
- Real money games. If you win entry to a bingo game, it’s unlikely that the value of that bingo ticket will contribute to wagering requirements.
- Expiry dates. Most bonuses have them! Not only can they mean a time within which you have to use the bonus, but they can also mean the time within which you have to have satisfied the wagering requirements. If you don’t meet the requirements before the expiry, you risk losing the remaining value of your bonus AND the pending winnings from your used portion of the bonus (which you can’t withdraw until you’ve met the wagering requirements in full).
- Real cash withdrawals. Any money that you have deposited yourself, you should always be able to withdraw. Real cash deposits should never be tied to wagering requirements.
- Multiple bonuses simultaneously. Depending on the site, you may be able to use multiple bonuses at the same time (Sun Bingo, Fabulous Bingo and Sun Vegas let you). However, each bonus has its own wagering requirements that need fulfilling. Each bonus is treated as individual and separate. Therefore, each set of wagering requirements will need to be individually met.
- Fund order. Many sites will use your funds in a specific order, so you can’t always choose when to spend your bonus. Even if you are playing in an eligible bingo game or spinning on an eligible slot, the site may have a set order for which funds it will use. That could be cash (real money from your own deposits or winnings from cash stakes) THEN bonuses. It means your bonus won’t be used until all your real cash has been spent. Once you start to use your bonus, the site may use the order: cash, pending winnings (the winnings made from using your bonus) and THEN the remaining bonus amount.
- Withdrawing the bonus amount. It is highly unlikely that the site would let you withdraw their bonus amount as a real cash withdrawal. It’s like a credit note in shops, you can spend that amount within the shop but you can’t ask for the credit note amount to be made into a cash refund.
- Eligibility. This is more applicable to slot bonuses or free spins, but it’s worth checking out for bingo bonuses as well. There can often be restrictions on which games can be played so that the wagering requirements can be completed. It’s not a given that every game contributes to satisfying the wagering requirements. There may be a set list of eligible games that you can play and be working off the wagering requirement at the same time. If this is the case, the terms and conditions should explicitly list which slots are eligible.
- Weighted slots. Following on from game eligibility, you may also need to consider how much of your stake goes towards the wagering requirement. Some sites control the amount of contribution that an eligible slot gives to satisfying the wagering requirement. It may be only a portion of your stake rather than the whole bet. This should be made obvious in the bonus’ terms and conditions. However, reach out to the site’s customer support if you’re not sure.
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How do I find out if an offer has wagering requirements?
The wagering requirements for individual bingo bonuses and slot bonuses may vary.
They should be stated clearly on the offer page.
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At Sun Bingo, Fabulous Bingo and Sun Vegas, any wagering requirements will be stated within the terms and conditions on the individual offer pages.
If there is no wagering requirement for that offer, we will state this on the offer’s page.
When you have a free spin bonus, there can also be wagering requirements.
The details will vary between the deals. The individual offer page should clearly state if there are any wagering requirements in the terms and conditions.
Sometimes, there won’t be wagering requirements. This should also be clearly stated if that is the case.
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On Sun Bingo, your free spins balance, along with any respective wagering requirements, can be found by visiting “My Account” from the home page.
Click “History” and then “Bonus History”.
Your bingo bonus balance, along with any respective wagering requirements, can be found be visiting the bingo lobby.
Click “Menu” and then “My Bonuses”.
Do Sun Bingo, Fabulous Bingo or Sun Vegas have wagering requirements?
Sun Bingo
Sun Bingo’s welcome offer of a £50 bingo bonus and 50 free spins comes with wagering requirements for both the bingo bonus and the free spins.
The bingo bonus wagering requirement is 4 x £50.
The free spins wagering requirement is 30 x your winnings from the free spins.
Fabulous Bingo
Right now, Fabulous Bingo are offering all new players a welcome offer of 25 free spins, no deposit required.
The free spins wagering requirement is 20 x your winnings from the free spins.
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Sun Vegas
Sun Vegas’s welcome offer includes a slot bonus that matches the value of your first deposit, up to £300, PLUS 20 free spins.
The slot bonus wagering requirement is 50 x the value of your first deposit (up to £300).
The free spins wagering requirement is 40 x your winnings from the free spins.
While the wagering requirement for the slot bonus may not look like Sum One or Sum Two, it is in fact Sum One.
This is because the value of the bonus is the value of your first deposit (up to £300).
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*Terms and Conditions: New customers only. Deposit & spend £10 on Bingo to receive £50 Bingo Bonus & 50 Free Spins (selected slots only £0.20 per spin). Free Spins must be accepted within 48 hours, winnings have 30x wagering which must be wagered within this time. Bingo Bonus has 4x Wagering, bonus must be accepted & wagered within 7 days. 1 new player offer only. Deposits made with Neteller/Skrill/PayPal are not valid for this promotion. 18+. T&Cs apply.
Commercial content notice: Taking one of the offers featured in this article may result in a payment to The Sun. 18+. T&Cs apply.
Remember to gamble responsibly
A responsible gambler is someone who:
- Establishes time and monetary limits before playing
- Only gambles with money they can afford to lose
- Never chase their losses
- Doesn’t gamble if they’re upset, angry or depressed
- Gamcare – www.gamcare.org.uk
- Gamble Aware – www.begambleaware.org
For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to www.gamstop.co.uk to be excluded from all UK-regulated gambling websites.
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