At Spin247, there are wagering requirements that apply to any bonus credit you receive from us. This is something that most online casinos have in place, but it can sometimes be difficult to understand. With that in mind, we’ve put together a guide to Spin247’s wagering requirements to make everything clear and straightforward.
If a bonus has wagering requirements, that means it must be played through (or wagered) a certain number of times before you can withdraw any winnings generated from it.
That is why wagering requirements are never a set amount of money. Instead, they will be a multiplier of the bonus you receive. At Spin247, the wagering requirement on bonus credit is 40x.
This 40x wagering requirement applies ONLY to bonus credit and winnings from free spins. That means it does not apply to any deposits you make using your own money. Deposits are subject to a separate 1x wagering requirement, but you can withdraw any unspent deposits at any time.
Before we talk more about wagering requirements, we need to look at the difference between ‘Cashable Credit’ and ‘Bonus Credit’. Credit in your account is split between these two types of credit.
|Cashable Credit||Bonus Credit|
|When you make a deposit, it will go into your cashable credit. This has a 1x wagering requirement. When bonus credit has passed its wagering requirement, it will be transferred into cashable credit.||Your bonus credit consists of any bonuses received from Spin247. This includes winnings from free spins, free bonuses we’ve given you and deposit match bonuses you receive when you join. Bonus credit has a 40x wagering requirement.|
You are free to withdraw any cashable credit that has passed its 1x wagering requirement. However, it’s important to remember that if you choose to do so, you may forfeit the equivalent proportion of bonus credit. Let’s see how this works, step by step with an example scenario:
Depending on the mobile casino game you’re playing, you’ll find your bet counts different amounts against the wagering requirements.
Playing any Spin247 slots game counts 100% towards your 40x wagering requirement. That means that if you wagered R25 for example, then R25 would be removed from the wagering requirement remaining on your bonus.
For Roulette and Blackjack, 10% of your bet will be removed from the total wagering requirements – so spending R10 will have R1 removed from the amount left to complete wagering.
When playing with Bonus Credit winning from Casino games, the wagering contribution taken from the remaining bonus wagering will be the contribution % of the Casino game that the winnings came from, regardless of which game is being played. For example, if you win R10 on Roulette, then play with that R10 in a Slots game, the wagering contribution for the slots play will be 10% (the Casino game Wagering Contribution).
Whenever you receive free spins from Spin247, either as part of your welcome package or as an existing player bonus, the winnings from those free spins will have a 40x wagering requirement. This is because those winnings are classed as bonus credit.
*All information correct at the time of writing. All bonuses referenced are subject to Spin247 general terms and conditions.