This is what’s often referred to as a wagering requirement. While this is technically “free money” you’re receiving just for being a customer, each casino bonus comes with some strings attached before you can turn that bonus money into real money that you can withdraw. These benefits show up in many forms – from doubling your deposit to giving you a certain amount in free bets.
When you sign up for an online casino or sports betting site, you’re likely to get an incentive as a new player in the form of a welcome bonus or other casino perks. Now that we’ve answered the question “what is wagering?”, let’s move on to another common phrase at casinos and betting sites – wagering requirements. Bets can also be made on non-sporting events, such as who will win an election or whether a particular movie will be a box office success. Wagering can focus on a single game or an event, or even mean betting on the results of a whole season. So, by that logic, wagering is betting on an outcome by filling a paper or an online betting slip. The person who makes the wager is called the “bettor” or the “punter,” and the amount of money wagered is called the “stake.” The company that takes the bet is called the “bookmaker” or the “sportsbook.”
Before we can talk about winnings and chances, we need to ask and answer one simple question – what is a wager?Ī wager is a bet placed on the outcome of a sporting event.
