Wagering requirements from casinobandits.com

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Lucky Nugget - Where anyone can strike gold
Wagering requirements - Turn requirements.

One of the main problems gamblers face and complain about is the wagering or (Turn) requirement of bonus money. Whats this i hear you cry? A turn requirement or wagering requirement is the amount of money a bonus has to be played in order for you to withdraw your winnings.

Let me break it down for you so you fully understand what it is:

A casino will offer you or me bonus cash. These come in various amounts from $25 Free upto $300 Free basically what you see on all the flashy banners in order to catch your attention. Now lets say that the casino in question is offering a 100% cash match bonus upto $100. This means if you deposit $100 you will be awarded $100 bonus from the casino as a good will gesture.

Now If a casino gives you $100 Free as part of their bonus scheme and then gave everyone else $100 Free with their bonus schemes and everyone who deposited claimed there bonus and immediatly withdrew that money, the casino would go Bust. Broke faster than a compulsive gambler on a loosing streak !

In order to stop this from happening, you or anyone else credited with a bonus is obligied to spin that bonus a set number of times. Ranging from 5x upto 25x the bonus amount depending on which casino or company you are gambling with. This set number of times a bonus has to be spun is called a Turn requirement or wagering requirement.

Now i know what alot of you are thinking! Huh ! what a scam !. They want my money and then put requirements on my betting and withdraws. This however is not true. The wagering requirements are there purely to protect the casinos from people who think they can double their money quickly by taking advantage of the casino bonus schemes and then withdrawing there Free cash as soon as possible.

What happens if i win some money want to withdraw but havent reached my withdraw requirement.

However if you win money but you havent achieved your turn requirement. Dont panic as most casinos will allow you to withdraw your winnings down to the bonus money. e.g Say you deposited $100 and got $100 Free. You then gambled a few times and won upto an impressive total of $650. You would then be allowed to withdraw $550 from your account. Which would be your original stake $100 plus your $450 wininngs leaving the $100 bonus in your account. Once the wagering requirement is fully achieved you would then be allowed to withdraw the remaining $100 and any money extra you may of won.If youve achieved the wagering requirement during your duration of play. Then all the money is available for withdraw and you will be a very happy bunny.

Please Note: I do advise anyone thinking of becoming a bonus hunter or anyone just interested in online gambling that wagering requirements are part of the system. So be aware that they exist and make sure you read up on whats required at each and every casino, as they do vary quite widely and dramatically.

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