April 30, 2020 | 1031 Views
What is Wagering?
This is probably one of the most asked questions in the online casino world. Its commonly asked question, especially among new players that are just starting out. The term wager is just another term for a bet. Every time you make a bet, you make a wager. So in simple words, wagering is a bet that you make on any game, whether it is video slots, table games, or video poker games.
What are Wagering Requirements?
Wagering requirements are most commonly associated with Online Casino Bonuses. To find out more about different kinds of Casino Bonuses, check our Casino Bonuses Guide. Once you make a deposit and claim a bonus, both your deposit and bonus amount become subject to certain terms and conditions, and you will not be able to withdraw until you have fulfilled those terms and conditions.
Wagering requirements are represented by a number which is the number of times you have to wager your bonus. Wagering requirements are different for every online casino. Some casinos have high wagering requirements, and some have low wagering requirements. From an ideal point of view, lower the wagering requirement, the better it is for the depositor.
The term wagering requirements are also represented by other words like Rollover requirements or Playthrough requirements.
Almost all kinds of casino bonuses are associated with some kind of wagering requirements.However, Online casinos might offer bonuses that are wager free. Usually, these bonuses are given in terms of gree spins ie, the depositor gets free spins on certain games, and the amount won using these free spins is wager free.
However, it is recommended to do your research on the online casino before you get carried away with attractive wager free bonus offers. We recommend checking online casino reviews in our directory before you make a deposit.
How to calculate wagering requirements?
As suggested earlier, wagering requirements tell you how many times you have to wager or bet before you can withdraw your bonus. Let us take an example to understand this further.
Example: Deposit Amount: £20, Bonus Amount: £20, Wagering Requirements: 30x Bonus.
All you have to do is multiple the wagering requirement with bonus amount ie, £20 x 30 = £600
This means you have to wager or make bets that are equal to £600. So let’s say you bet an amount as low as £1, you will have to wager at least 600 times. You can bet a higher amount if you want o to finish the wagering requirement early, but you are also at risk of losing your funds.
The common wagering requirements figures you will come across on different online casinos are as follows: 15x, 20x,35x,50x.
Wagering requirements for both Bonus and Deposits?
Wagering requirements are usually attached to the casino bonuses, but sometimes they can be attached to both the bonus and the deposit amount.
Example: Deposit Amount: £20, Bonus Amount: £20, Wagering Requirements: 30x (D+B)
We will multiply the wagering requirement with addition of bonus and deposit ie, £40 x 30 = £1200
This means you have to wager or make bets that are equal to £1200.
So wagering requirements that are attached only to the bonus amount will be easier and faster to achieve compared to wagering requirements attached to both Bonus and Deposit.
Online casinos have wagering requirements in place to avoid money laundering. This can prevent criminals from depositing in a casino and taking it straight back out by turning it into ‘clean’ funds.
Wagering Requirements- Check Terms and Conditions
You will usually find the wagering requirements listed in the terms and conditions section. All online casinos have to list them as per the law. Although going through terms and conditions might not be your thing, but we highly recommend doing it before you make a deposit. If you do not find any information related to the wagering requirement, contact the casino customer support.
How to beat wagering requirements?
The key to beat wagering requirements is research. Spend time Researching the right casino and the right kind of bonus. Do not fall for a lucrative casino bonus that has high wagering requirements making it impossible for you ever to withdraw your bonus.
Check Wagering contribution of the game you are playing:
Not every online casino game you play will contribute towards your wagering. Some Casino games contribute 100%. These are the kind of games you would want to invest your time into. Some contribute 50% towards your wagering, while some do not contribute at all. It is very important you know this information before you start playing these games. You do not want to end up playing a game for hours only to find out that it hasn’t contributed to your wagering requirements
There is no guaranteed way to beat wagering. Just be smart! Use the information we have given you today, do your research and choose your casino , your bonuses, and your games wisely, and that should help you manage your wagering requirements.