The best online sportsbooks in the US are known to offer different kinds of bonuses. Most of these bonuses come with terms and conditions that players need to consider to make the most from them. One of these terms and conditions is the wagering requirement. You should check the wagering requirement and understand how it works.
This comprehensive guide will discuss all the essential things you need to know about wagering requirements. We will highlight the different types of bonuses with the requirements and cite some examples. Besides, we will discuss why betting sites have these requirements and what players can do to improve their chances of winning from bonuses. If you’re thrilled to learn that and more, keep reading.
What is a wagering requirement?
A wagering requirement refers to the number of times a betting site in the USA requires players to bet its bonus before they can withdraw winnings made from it. For example, if you claim a betting bonus with a 30x wagering requirement, you must bet the offer at least 30 times to collect the winnings.
From the definition above, you can deduce that the lower the wagering, playthrough, or rollover requirement, the better it is for players. This explains why most US bettors prefer bonuses with low playthrough requirements. In fact, some sportsbooks offer wager-free bonuses that only need players to wager the offers once to collect the winnings.
Types of bonuses that come with wagering requirements
Most types of bonuses come with wagering requirements. From bonuses meant for new players to those for existing bettors, US online sportsbooks specify the rollover requirements of a bonus in its bonus terms and conditions. Over the next few sub-sections, we will discuss some popular bonuses with wagering requirements.
Examples of wagering requirements
While we have explained the different types of bonuses that may have a wagering requirement, let’s expand on the examples and limitations that may come with the requirement. The basic form of a wagering requirement is where players are required to bet a bonus multiple times before they can withdraw the winnings made from it. But apart from that, there are other conditions that you must be well aware of. Online sportsbooks in the US may limit the games you can play with a bonus or games that count toward the playthrough requirements. For example, you may only be allowed to place bets on NFL games with some bonuses.
Likewise, the bet options may be limited to only markets specified by the operator. For free bets and risk-free bets, it is common to see operators limiting the markets to Moneylines. Another common restriction on betting bonuses and wagering requirements is the bet amount with bonus money. Most sportsbooks limit the amount you can wager per bet using bonus money. For instance, you may claim a bonus of $100 but only be allowed to wager a max of $5 at once.
Finally, bonuses and wagering requirements have an expiration time. An operator may require that you fulfill the playthrough requirement of a bonus within a few days, weeks, or months. If you fail to fulfill the requirement before the set time, you will lose the offer and any winnings made from it so far.
Here is a quick recap of some common wagering requirements and conditions.
Why do betting sites have wagering requirements?
Betting sites have wagering requirements as it’s a way that sportsbooks protect themselves from having to pay huge amounts as winnings from bonuses. Remember that these gambling platforms are in it to make money, and you cannot expect them to dash out money for free.
By requiring that players must wager a bonus many times, betting sites know that not all bettors will be able to get real money from bonuses. So you need to know how to beat wagering requirements. Start by calculating the requirements. You can use a wagering requirements calculator to determine how to fulfill the condition, considering the game contribution and other factors. It is best to always stick to games that count 100% towards the wagering requirement. But the good news is that at most sportsbooks, all sporting games count 100% towards the requirement.