It means you need to wager your deposit OR your deposit AND bonus 40x.
For example, say you got a $500 bonus. The casino is asking you wager 40x the bonus. You’d have to wager $20,000 before you can cash out.
Now, say it’s a 100% match offer (deposit $500 to get a $500 bonus) and the casino wants you to wager the deposit AND bonus 40x. In this case, you’d need to wager $40,000 to fulfill their terms.
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