Are you a newcomer to the online gambling industry who isn’t really sure what wagering requirements are? Or have you experienced some trouble withdrawing your winnings because of these requirements? Worry not — this article is a chance for you to learn more.
Since you’ve found yourself in a pickle, we will try to break the wagering requirements down for you so that you’ll have a clear idea of what they are and how they work. Read on!
What Are Wagering Requirements?
Before we go any further, we need to explain what wagers are. A wager is a bet that you can make on a sports betting website or in an online casino. In a casino, you can place wagers on table games, slots, live dealer games, bingo games, etc.
But, what is a wagering requirement? Simply put, a wagering requirement represents the number of times a player must play through the bonus money before being able to request a payout. Wagering requirements typically appear once you’ve claimed a bonus or a promotional offer from an online casino.
So, what are these requirements that come with online wagers? Well, the majority of online casino bonuses come with specified playthrough requirements. Once you decide to claim a bonus offer, you will have to meet the wagering requirements. If you do not fulfill them, you won’t be able to withdraw the bonus or any winnings.
Keep in mind that not all casino games contribute to meeting the wagering requirements equally. For example, games such as slots typically contribute 100%, while other games, like blackjack and roulette, contribute a lot less — usually around 10 to 20%.
Calculating the Wagering Requirements
In order to know which wagering requirements are attainable, you should know how to calculate them.
If a casino bonus has caught your eye, you should first go through the attached terms and conditions to find out more about the wagering requirements. For example, suppose a casino offers a $100 bonus with a minimum deposit of $20 and a wagering requirement of 30x. In that case, it means you will need to wager at least $3,000 in total to claim the casino bonus ($100 of bonus money x 30 = $3,000).
However, you need to keep in mind that, in some casinos, the deposit sum will be included as well. That means you would have to wager $3,600 so to claim the bonus ($20 of deposit money + $100 of bonus money x 30 = $3,600)
In some casinos, the wagering requirements are relatively low. In others, they are alarmingly high. That is why it is crucial to know how to calculate them, so that you will be able to make an informed decision before claiming any bonuses.
Read All Details Regarding Wagering Requirements
Thanks to the updated casino regulations and laws, online casino operators are obligated to clearly state the wagering requirements attached to a particular bonus in its terms and conditions. That’s why you always need to read the fine print.
If you cannot find the information regarding the wagering requirements, you should do some more digging. Make sure to contact customer support or explore the casino’s Terms and Conditions tab.
It is crucial to be fully informed about the wagering requirements before you make any final decisions.
What is the Point of Wagering Requirements?
There is a valid reason why wagering requirements are necessary when claiming casino bonuses. As a matter of fact, casinos use them to comply with anti-money laundering regulations. Otherwise, criminals would have easy access to illegal money laundering, as they could deposit and withdraw money without any preconditions.
Wager-Free Casino Promotions
If you’ve ever come across wager-free bonus offers or no deposit bonuses, you’ve probably wondered about their legitimacy. Rest assured — there’s nothing to worry about if these promotions are offered by trustworthy online casino operators.
You don’t need to be suspicious, as these promotions usually don’t have any wagering requirements simply because they are not as lucrative as other regular promotions. In fact, most of them are packaged as free spins deals.
So, if you don’t mind claiming a smaller bonus or free spins, wager-free promotions represent a fantastic deal, as you can request a payout straight away.
How to Make the Most Out of Wagering Requirements
You can certainly make the most out of wagering requirements by following a few simple steps.
1. Pick a Regulated Online Casino
First of all, you should do your best to avoid sketchy online operators. Your safest bet is to go for a regulated online casino that has been licensed by top gambling jurisdictions, such as the UKGC, the MGA, Gibraltar, Curacao, etc.
2. Stick To High-Level Security Casinos
Aside from choosing a regulated online casino, it is also crucial to check the casino’s security. Although most licensed online casinos have high-level security measures in place, it’s best to double-check them. So, if you want to make sure that your sensitive information is completely secure, you should always play in those casinos that use SSL encryption technology, firewalls, third-party audits, and similar top-level safety measures.
3. Slots, Slots, Slots
If you want to get the most out of the wagering requirements, it’s best to stick to slot games. Why? In most online casinos, slot games are the only games that contribute 100% towards meeting the wagering requirements. In comparison, other casino games, such as table games, live dealer games, scratch cards, and bingo, typically range between 0% and 50% towards meeting the wagering requirements.
Luckily, there are hundreds of high-quality slot games that will bring you the much-needed excitement, while also helping you fulfill the wagering requirements in record time. We advise you to opt for low or medium volatility slots. That way, you will hold onto your funds and play for a longer time. Subsequently, you will be able to meet wagering requirements more quickly.
However, we should mention that high RTP slots are sometimes not eligible for meeting the wagering requirements. Therefore, make sure to check which slots you can play on before you start wagering.
4. Don’t Forget the Fine Print
All top-notch online casinos will inform you about the details regarding wagering requirements. In most cases, this information can be found in the bonus’ terms and conditions or the casino’s general terms and conditions.
What to Expect from Wagering Requirements in the Future
Online casino operators are keeping up with the trends in order to attract new users, so there’s no doubt we will see a new and exciting take on wagering requirements in the future. For now, thanks to deposit bonuses, free spins offers, and other eye-catching promotions, there’s more than enough to keep you on your toes.
Hopefully, we’ve helped you understand how wagering requirements work, so make sure to take advantage of every bonus that comes along.
What are wagering requirements?
Wagering requirements represent the number of times a player must play through a bonus before being able to withdraw the winnings.
How can I calculate wagering requirements?
It’s quite easy! All you need to do is multiply the bonus amount with its wagering requirement. For example, $50 (bonus) x 20 (wagering requirement) = $1,000.
Can I avoid wagering requirements?
Not exactly. If you want to claim the bonus offered by the casino, it’s impossible to avoid wagering requirements. Nevertheless, we advise you to make use of all the promotions you are offered, as the bonus money will boost your bankroll. That means you will be able to enjoy playing in your favourite casino even more.
Which games contribute to meeting the wagering requirements the most?
In the majority of online casinos, slot games contribute 100% to meeting the wagering requirements. However, to be on the safe side, read the terms and conditions before you start wagering.