ccstar
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« on: March 29, 2009, 08:44:04 AM » |
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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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MISTERTEE
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« Reply #1 on: March 29, 2009, 09:04:41 AM » |
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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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« Reply #2 on: March 29, 2009, 10:29:40 AM » |
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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 !!
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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MISTERTEE
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« Reply #3 on: March 29, 2009, 10:39:42 AM » |
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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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« Reply #4 on: March 29, 2009, 10:41:38 AM » |
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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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None of us is as smart as all of us
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Tirilej
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« Reply #5 on: March 31, 2009, 10:26:06 AM » |
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But if you donīt use a bonus, is it common that you have to wager the deposit anyway? I read this in Gold Rock casinoīs 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 didnīt use a bonuspromotion, or did I understand it all wrong?  |
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MISTERTEE
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« Reply #6 on: March 31, 2009, 10:45:45 AM » |
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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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« Reply #7 on: March 31, 2009, 11:18:03 AM » |
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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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