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What is a 20x wagering requirement? A 20X wagering requirement means you must wager the amount of your bonus 20X over in order for you to collect the bonus and subsequent winnings. If your bonus was 10, you'd have to wager 200 to meet the requirement.
Many first-bet refund offers come with no wagering requirements because they issue free bets instead of cash. However, deposit match bonuses usually have wagering requirements. A good wagering requirement is 15x on the bonus + deposit amount, and a great one is 10x or lower.