To illustrate how wagering requirements work, let us consider the betway example.
Betway offers free bets to new customers as welcome bonus. The free bets are worth 50% of the customer's first deposit.
However, before the free bets are credited to your account, you need to fulfil the wagering requirements for the betway bonus.
One key requirement for the betway welcome bonus is that you must place bets worth three times your first deposit in the betway sportsbook or jackpots.
So if you have made a first deposit of GHS 100, you must place bets worth GHS 300 to be eligible for the betway welcome bonus. For the purpose of this example, let us call these bets "qualifying bets".
Another important wagering requirement for the betway bonus is that the "qualifying bets" must have odds of 3.0 or higher. Like betway, most betting sites site minimum odds requirements for their welcome bonus.
If you successfully meet this requirements, you will receive the betway welcome bonus.
As you are about to find out, you must meet these playthrough requirements within a specified period of time, else your welcome bonus will be cancelled.