Online casinos set Wagering requirements to prevent abuse of bonuses and free spins. These requirements are imposed on most online casino promotions, including free spins, welcome bonuses, re-deposit bonuses, and more promotional offers.
While these bonuses are designed to attract new players and keep them engaged, players should know they are only partially free credit to play with the chance of winning real money. Wagering requirements entail that punters must meet certain conditions.
These conditions include wagering a specific amount of money or playing a certain number of games before they can withdraw winnings from the bonus. Players need to understand the fine print of these requirements to ensure everything is clear about the true nature of online casino bonuses.
How Can Players Beat Wagering Requirements?
Players can employ a few strategies to meet the wagering requirements on a casino bonus. Firstly, selecting the correct type of game is crucial, as different games have varying weightings.
Weighting refers to the percentage of a bet that counts towards clearing the overall wagering requirements. Weighting was introduced to prevent players from quickly meeting the requirements by playing games with a low house edge, such as blackjack and roulette.
Blackjack was especially popular because it has the lowest house edge of all casino games, at just 0.5%. This made it a relatively low risk for meeting wagering requirements.
Considering the differences in game contributions mentioned above, choosing a game title that contributes 100% towards the wagering requirement, such as slots, is sensible. Some table games only contribute 50%, video poker games contribute around 30%, roulette usually 10%, and others like blackjack do not contribute.
Once you’ve decided to play slots, selecting a slot game with a high return-to-player (RTP) percentage is crucial. High RTP slots offer the best chances of completing wagering requirements with winnings left over. Additionally, slots with free spin bonus rounds can be advantageous as they allow players to win substantial amounts that can offset any losses incurred while trying to meet the wagering requirements.
How To Calculate Wagering Requirements on A Bonus
Imagine you’ve received a tempting offer of $100 in bonus cash upon making your first deposit at a casino. However, there’s a catch – the bonus comes with a 40x wagering requirement. This means you’ll need to place a total of $4,000 in bets before you can withdraw any winnings.
You’ll need to multiply the bonus amount by the wagering requirement. In this case, $100 x 40 = $4,000. You’ll need to keep playing the eligible games on the site until you’ve placed a total of $4,000 in bets without exhausting your bonus cash.
Sometimes, the casino may require you to factor in your initial deposit and the bonus cash. For example, if you had to deposit $20 to receive the $100 bonus, you’d need to wager $120 x 40, meaning wagering a total of $4,800.
Realistically, meeting wagering requirements without losing all your winnings can be challenging. However, it is possible with some luck, especially if you get to trigger a profitable bonus feature on one of the qualified games, which can boost your bankroll significantly.
Why Are Wagering Requirements A Thing?
The primary motive behind implementing betting conditions is to prevent money laundering, as it restricts players from depositing and withdrawing instantly, which could be exploited for illegal activities. Most casinos require players to wager their deposit at least once before allowing withdrawals, even when playing with no active bonus, to comply with anti-money laundering regulations.
Another factor is that casinos are profit-driven companies, not charitable organizations. When they offer bonus money, they aim to limit the ease of withdrawals for players. Wagering requirements are designed to create difficulty for players, forcing them to play for an extended period and test their patience before being able to cash out.
