{"id":27260,"date":"2026-09-28T09:00:33","date_gmt":"2026-09-28T09:00:33","guid":{"rendered":"https:\/\/blog.netbet.co.uk\/blog\/?p=27260"},"modified":"2026-09-24T11:47:20","modified_gmt":"2026-09-24T11:47:20","slug":"how-do-wagering-requirements-work-a-guide-to-casino-bonus-wagering","status":"publish","type":"post","link":"https:\/\/www.netbet.co.uk\/blog\/2026\/09\/28\/how-do-wagering-requirements-work-a-guide-to-casino-bonus-wagering\/","title":{"rendered":"How Do Wagering Requirements Work? A Guide to Casino Bonus Wagering"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p><span style=\"font-weight: 400;\">Wagering requirements are one of the most important terms to understand when looking at an <a href=\"https:\/\/casino.netbet.co.uk\/promotions\">online casino bonus<\/a>. They determine how much qualifying play may be required before bonus-related funds or winnings can become eligible for withdrawal. At NetBet Casino, as with any promotion, players should read the specific bonus terms before opting in so they understand exactly what is required.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The numbers can initially seem confusing. What does 30x wagering mean? Does it apply to the bonus or your deposit as well? Do all games count? This guide explains how wagering requirements work and the main terms to look for.<\/span><\/p>\n<h2><b>What Are Wagering Requirements?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Wagering requirements, sometimes called playthrough requirements, specify how much qualifying wagering must be completed as part of a casino bonus offer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, imagine you receive a \u00a320 bonus with a wagering requirement of 20x the bonus amount. You would need to complete \u00a3400 of qualifying wagering to satisfy that particular requirement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the multiplier doesn&#8217;t tell the whole story.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You also need to know what the multiplier applies to, which games contribute towards it, how long you have to complete it and whether other restrictions apply.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That&#8217;s why it&#8217;s important to read the complete bonus terms rather than looking only at the headline offer.<\/span><\/p>\n<h2><b>Why Do Casino Bonuses Have Wagering Requirements?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Online casino promotions can provide players with bonus funds, free spins or other promotional benefits subject to certain conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wagering requirements can form part of those conditions. They establish how much qualifying play needs to take place before the requirements attached to the relevant bonus are considered complete.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not every casino promotion works in exactly the same way. Different offers can have different wagering requirements, eligible games, expiry periods and betting restrictions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some promotions may also work without traditional wagering requirements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The terms of the individual promotion should therefore always be checked before opting in.<\/span><\/p>\n<h2><b>How Are Wagering Requirements Calculated?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The simplest calculation is:<\/span><\/p>\n<p><b>Amount subject to wagering \u00d7 wagering multiplier = total qualifying wagering required<\/b><\/p>\n<p><span style=\"font-weight: 400;\">For example, suppose a \u00a320 bonus has a 20x bonus wagering requirement:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a320 \u00d7 20 = \u00a3400<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You would therefore need to place \u00a3400 of qualifying wagers to satisfy the wagering requirement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Importantly, this doesn&#8217;t mean you need to lose \u00a3400.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The \u00a3400 represents the cumulative value of qualifying bets. If you placed a qualifying \u00a32 bet, for example, that \u00a32 could count towards the total according to the promotion&#8217;s rules, regardless of whether that particular bet won or lost.<\/span><\/p>\n<h2><b>What Does 20x, 30x or 40x Wagering Mean?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The number tells you how many times the relevant amount needs to be wagered.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the requirement applies to a \u00a320 bonus, the calculations would look like this:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">20x wagering = \u00a3400<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">30x wagering = \u00a3600<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">40x wagering = \u00a3800<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When everything else is equal, a lower multiplier means less qualifying wagering is required.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, everything else isn&#8217;t necessarily equal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A 20x offer could have different game contribution rules, expiry periods or maximum bets from a 30x offer. The multiplier could also apply to a different amount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why comparing casino bonuses solely by their wagering multiplier can be misleading.<\/span><\/p>\n<h2><b>Bonus-Only vs Deposit + Bonus Wagering Requirements<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">One of the most important things to establish is what the wagering multiplier actually applies to.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consider two hypothetical offers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the first, you deposit \u00a320 and receive a \u00a320 bonus with a 30x wagering requirement applying only to the bonus:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a320 \u00d7 30 = \u00a3600<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total wagering requirement is therefore \u00a3600.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now imagine another offer where you deposit \u00a320 and receive a \u00a320 bonus, but the 30x wagering requirement applies to the deposit and bonus combined.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The amount subject to wagering is now \u00a340:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a340 \u00d7 30 = \u00a31,200<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both offers advertise &#8220;30x wagering&#8221;, but the amount of qualifying play required is very different.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Always check whether wagering applies to the bonus, deposit and bonus combined, or another amount specified in the promotional terms.<\/span><\/p>\n<h2><b>What Is Game Contribution?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Game contribution determines how much of a bet counts towards completing a wagering requirement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not every eligible casino game necessarily contributes at the same rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Imagine that one game contributes 100% towards a particular wagering requirement. A \u00a310 qualifying wager would contribute \u00a310 towards the amount that needs to be completed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If another game contributed 20%, the same \u00a310 wager would contribute only \u00a32 towards the requirement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These percentages are examples rather than universal contribution rates. The actual contribution depends on the terms of the individual promotion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means checking which games qualify is just as important as checking the wagering multiplier.<\/span><\/p>\n<h2><b>Do Slots Count Towards Wagering Requirements?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Slots are commonly associated with casino bonus wagering, but players shouldn&#8217;t assume that every slot will always count towards every promotion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The eligible games and contribution rates depend on the offer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Certain games may contribute fully, others may contribute differently, and specific titles can potentially be excluded from promotional wagering.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you plan to play slots while using a bonus, check the eligible-games and contribution information in the terms first.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Game contribution is a bonus condition and shouldn&#8217;t be confused with characteristics such as RTP or volatility, which describe different aspects of how a slot is designed.<\/span><\/p>\n<h2><b>Do Blackjack, Roulette and Table Games Count?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Blackjack, roulette, baccarat and other table games may be treated differently from slots when it comes to bonus wagering.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Depending on the promotion, a table game might contribute at a reduced rate or be excluded from qualifying play altogether.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reduced contribution can significantly affect the amount of play needed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if a hypothetical game contributed 20%, \u00a3100 of wagers would generate only \u00a320 of qualifying wagering towards the requirement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Always check the promotion rather than assuming that playing any casino game will reduce your remaining wagering requirement at the same rate.<\/span><\/p>\n<h2><b>What Is a Maximum Bet During Wagering?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Some casino bonuses specify a maximum bet that can be placed while wagering requirements are active.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This shouldn&#8217;t be confused with the maximum stake technically permitted by the casino game itself.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, a game could allow a higher stake while the promotional terms specify a maximum qualifying bet of \u00a35. In that situation, the bonus terms are what matter while participating in the promotion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Placing bets above a permitted limit could breach the bonus conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Players should therefore check for maximum-bet rules before beginning to wager bonus funds rather than assuming that any stake available within the game qualifies.<\/span><\/p>\n<h2><b>Do Wagering Requirements Have a Time Limit?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Casino bonuses can have expiry dates or periods within which their requirements need to be completed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The exact timeframe varies between promotions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If wagering isn&#8217;t completed before the relevant deadline, what happens to the remaining bonus funds or bonus-related winnings will depend on the promotion&#8217;s terms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is another reason to consider more than the headline bonus amount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before opting in, check how long the promotion lasts and consider whether its wagering requirement is appropriate for the amount you would normally be comfortable spending.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You shouldn&#8217;t increase your gambling simply to try to complete wagering before a deadline.<\/span><\/p>\n<h2><b>Can You Withdraw Before Completing Wagering Requirements?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This depends on the conditions of the particular promotion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Where bonus funds or associated winnings are subject to wagering requirements, those conditions may need to be satisfied before the relevant funds become eligible for withdrawal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Requesting a withdrawal while a bonus remains active could also affect the promotion, depending on its terms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before making a withdrawal, check your bonus status and read the conditions explaining what happens if you request funds before completing the wagering requirement.<\/span><\/p>\n<h2><b>What Happens When You Complete the Wagering Requirements?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Once the required amount of qualifying wagering has been completed, the bonus and any eligible associated balance will be handled according to the promotion&#8217;s terms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eligible funds may then become available for withdrawal, subject to any remaining conditions and the casino&#8217;s normal withdrawal process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Normal account requirements can still apply. For example, verification or payment checks may be required before a withdrawal is processed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Completing a wagering requirement shouldn&#8217;t be confused with making a profit. It simply means the specified qualifying wagering condition has been satisfied.<\/span><\/p>\n<h2><b>Does Completing Wagering Mean You Will Make Money?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">No. Completing a wagering requirement doesn&#8217;t guarantee a profit or even that you&#8217;ll have a remaining balance when the requirement is finished.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Casino games have mathematical characteristics such as house edge and RTP, while individual playing sessions can produce unpredictable results.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Wagering requirements simply determine how much qualifying play is required under the promotion. They don&#8217;t alter the fact that casino games involve risk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you&#8217;d like to understand the underlying mathematical advantage in casino games, our <\/span><a href=\"https:\/\/blog.netbet.co.uk\/blog\/2026\/09\/17\/what-is-house-edge-and-what-does-it-mean-in-casino-games\/\"><b>What Is House Edge and What Does It Mean?<\/b><\/a><span style=\"font-weight: 400;\"> guide explains how house edge works and what the percentage actually tells players.<\/span><\/p>\n<h2><b>What Should You Check Before Claiming a Casino Bonus?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The headline bonus amount is only one part of an offer. Before opting in, read the promotional terms and identify the conditions that could affect how the bonus works.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Start with the wagering multiplier and, crucially, what that multiplier applies to. A requirement applying only to bonus funds can produce a very different calculation from one applying to the deposit and bonus combined.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next, check which games qualify and their contribution rates. You should also look for maximum permitted bets, expiry dates, deposit requirements and withdrawal conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some promotions may have additional conditions, including limits on bonus conversion or winnings associated with a promotion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking at these terms together gives you a much clearer picture than judging an offer purely by its headline bonus or wagering multiplier.<\/span><\/p>\n<h2><b>Are Lower Wagering Requirements Always Better?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A lower wagering multiplier means less qualifying wagering when you&#8217;re comparing otherwise identical terms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, 20x a \u00a320 bonus requires less qualifying wagering than 30x the same \u00a320 bonus.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But two casino offers are rarely identical in every respect.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A 20x requirement might apply to the deposit and bonus combined, while a 30x requirement could apply only to the bonus. Eligible games, contribution rates, expiry periods and maximum bets could also differ.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rather than assuming the lowest number automatically represents the most suitable offer, compare the full terms.<\/span><\/p>\n<h2><b>How to Read Casino Bonus Terms<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Casino bonus terms become easier to understand when you break them into a few questions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First, establish what you&#8217;re receiving. Is it bonus funds, free spins or another promotional benefit?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next, identify the wagering multiplier and the amount it applies to. If the offer says 30x, determine whether that&#8217;s 30x the bonus, deposit and bonus combined, or another specified amount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then check which games qualify and how much they contribute towards wagering.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Look for any deadline and maximum-bet restriction, along with other conditions that could affect the promotion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally, check what needs to happen before bonus-related funds can be withdrawn.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When considering a NetBet Casino promotion, the current terms attached to that particular offer provide the relevant information. Reading them before opting in can help you understand exactly how the bonus works.<\/span><\/p>\n<h2><b>Wagering Requirements and Responsible Gambling<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Wagering requirements should always be considered alongside your normal gambling budget.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A large headline bonus doesn&#8217;t mean you need to claim it, particularly if completing its requirements would involve more gambling than you originally intended.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don&#8217;t increase your stakes, chase losses or continue gambling simply because a bonus is approaching its expiry date.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Instead, decide how much you can comfortably afford to spend on entertainment independently of any promotion. If the wagering requirements don&#8217;t fit comfortably within that approach, the promotion may not be suitable for you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Casino bonuses should add to the entertainment experience rather than determine how much you gamble.<\/span><\/p>\n<h2><b>Wagering Requirements FAQs<\/b><\/h2>\n<h3><b>What does 30x wagering mean?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A 30x wagering requirement means you need to place qualifying wagers worth 30 times the specified amount. If the requirement applies to a \u00a320 bonus, for example, that would mean \u00a3600 of qualifying wagering. Always check which amount the multiplier applies to.<\/span><\/p>\n<h3><b>What does wagering a bonus mean?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Wagering a bonus means placing eligible bets that contribute towards the playthrough requirement attached to the promotion. Which games and bets qualify depends on the individual bonus terms.<\/span><\/p>\n<h3><b>Can I withdraw a casino bonus immediately?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Not necessarily. If a bonus is subject to wagering requirements, the relevant conditions may need to be completed before associated bonus funds or winnings become eligible for withdrawal. Check the specific promotion terms to understand when withdrawals can be made.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>When you choose NetBet Casino, you can enjoy a whole range of top-quality slots. Whatever you choose, always remember to bet responsibly. Here at NetBet Casino, player well-being is our number one priority \u2013 check out our\u00a0<a href=\"https:\/\/help.netbet.co.uk\/hc\/en-us\/articles\/14719792432668-Safer-Gambling\">Safer Gambling<\/a>\u00a0tips and tools page for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wagering requirements are one of the most important terms to understand when looking at an online casino bonus. They determine how much qualifying play may be required before bonus-related funds or winnings can become eligible for withdrawal. At NetBet Casino, as with any promotion, players should read the specific bonus terms before opting in so [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":17034,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[212],"tags":[],"class_list":["post-27260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-poker"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Do Wagering Requirements Work? | NetBet Casino<\/title>\n<meta name=\"description\" content=\"Learn how wagering requirements work, including playthrough conditions, qualifying games and other terms, with NetBet Casino.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.netbet.co.uk\/blog\/2026\/09\/28\/how-do-wagering-requirements-work-a-guide-to-casino-bonus-wagering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Do Wagering Requirements Work? | NetBet Casino\" \/>\n<meta property=\"og:description\" content=\"Learn how wagering requirements work, including playthrough conditions, qualifying games and other terms, with NetBet Casino.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.netbet.co.uk\/blog\/2026\/09\/28\/how-do-wagering-requirements-work-a-guide-to-casino-bonus-wagering\/\" \/>\n<meta property=\"og:site_name\" content=\"NetBet UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/netbetcom\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-28T09:00:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.netbet.co.uk\/blog\/wp-content\/uploads\/2024\/01\/Casino-Slots-8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1230\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Danny\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@netbet\" \/>\n<meta name=\"twitter:site\" content=\"@netbet\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Danny\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.netbet.co.uk\\\/blog\\\/2026\\\/09\\\/28\\\/how-do-wagering-requirements-work-a-guide-to-casino-bonus-wagering\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.netbet.co.uk\\\/blog\\\/2026\\\/09\\\/28\\\/how-do-wagering-requirements-work-a-guide-to-casino-bonus-wagering\\\/\"},\"author\":{\"name\":\"Danny\",\"@id\":\"https:\\\/\\\/www.netbet.co.uk\\\/blog\\\/#\\\/schema\\\/person\\\/2f05d6408fb48f5068d297b7aab78a58\"},\"headline\":\"How Do Wagering Requirements Work? 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