Wagering is an agreement between two parties that places money on the chance that an uncertain event will occur. Wagers can be placed on anything from a game of cards, the roll of dice, or even an event like horse racing. It is important to understand wagering requirements before you start betting, as the rules of each casino can vary. In order for a wager to be legal, it must be based on the probability of an uncertain event and can’t involve an insurance contract or another kind of indemnity agreement. Moreover, it must not be a skill competition such as crosswords or sports contests; these kinds of agreements are considered void as they involve a high level of skills and cannot be determined by chance.

Most online casino bonuses come with some kind of wagering requirement that must be fulfilled before the bonus and any winnings associated with it can be withdrawn. It’s important to check this information before you start playing, as miscalculating the wagering can cost you in the long run. You should also look for a minimum deposit amount, and the maximum stake that can be made with bonus money. Lastly, find out how long the bonus is valid and whether it has an expiry date.

You should also take the time to look for any additional terms and conditions that might affect your ability to meet the wagering requirements, such as game weighting. This refers to the percentage of bets that count towards meeting the requirements for a particular game, so it’s worth checking that all your games are eligible. For example, slots typically count 100% of all bets, while card games may only contribute a fraction of this, such as 70% of all bets.

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