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What does wagering mean?

(9 Posts)
Norris63203 Sat 21-May-16 18:56:51

I have just joined a casino website. They offer you 50 free spins on a slot machine.

I did this and won £25.

Now it says I need to wager this money 60x before I can withdraw.

What on earth does this mean?

Some guy said I need to place bets of £1500. But I don't have this kind of money and I wouldn't gamble it anyway. This is supposed to be a risk free chance at making money.

Thank you

dementedpixie Sat 21-May-16 18:58:45

You need to bet 60 times maybe?

toriap2 Sat 21-May-16 18:59:47

It means you need to bet 60 times the amount before you withdraw it I think. It is how they get you in.

Zucker Sat 21-May-16 19:00:36

It means you can't actually cash out this "free" cash win until you play the slots with your £25 60 times. In other words you will never get this cash out, all sites do this to suck people in to chase their wins. I used to work for a site like this.

dementedpixie Sat 21-May-16 19:02:13

Looks like you need to use the £25 60 times before you get your winnings

www.betbind.com/help/articles/wagering-requirement-explained.aspx

Norris63203 Sat 21-May-16 19:06:12

Ah right so I am not adding any of my own money into it I am just using the £25 on the slot machines again and any money from that goes on the slot machines again and so on until I've done it 60 times? (assuming my money doesn't run out.

By the way isn't 60 a bit over the top. I'll be here till Christmas doing that!

freshprincess Sat 21-May-16 19:11:30

Don't put anymore money in.

Just keep spinning till you've gone through £1500 worth of spins or you have no money left.

SeemsLegit Sat 21-May-16 19:14:05

Obviously the 25 won't last but by then you'll be putting your own money in

Zucker Sat 21-May-16 20:01:58

Of course 60 times wagering is over the top. It's designed to have people chase their win so they don't lose the so called free win. Nothing in an online casino or bingo site is done to benefit the player only the house wins.

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