If you’ve been looking for a website where you can play casino and sports betting games for money, like live dealer casino games, you’ve probably come across many alluring bonus money offers, such as free bet. Several online casinos offer bonus money to attract clients. But there must be some caveat, right? It’s called a “wagering requirement.” But what is a wagering requirement about? Unless you play at no wagering casino sites, you should know it.
This complete guide is here to help you determine the different casino bonus money offers and the bonus wagering requirements rules accompanying wagering requirements.
Table of Contents
What Is a Wagering Requirement?
Whether you’re new to online gambling or have been doing it for a while, you’ve probably seen some crazy casino bonus money offers and free bets by now.
Some of these perks and free bet offers, like match deposit bonuses, could add up to hundreds of dollars. These bonus money offers, including the free bet offers, are meant to make you want to join the casino. And, possibly, capitalise on enormous opportunities of the offered bonuses.
To maintain a sense of fairness, the casino must also limit the maximum bet. This way, they can be sure they aren’t just wasting money on the winnings and that the people who take part wager are spending their money and getting something out of it before the expiry date of their wager.
A wagering requirement is the minimum amount of real money that must be wagered on casino games before winnings can be taken out of an online account.
How Do Wagering Requirements Work?
Most wagering requirements say that to wager casino bonus, the player must bet at least a certain amount before they can get any winnings or use any bonus offers that come with the deal they signed up for or were given.
When you sign up for a loyalty club at an online casino, it is important to understand the wager requirements and rules laid down to withdraw winnings. Even though these wagering requirements offer some great rewards in casinos and online sports betting, it is important to understand how the wagering requirements work.
After all, a casino’s bonus money is meant to be used on eligible games to win real cash within the wager time limit. If players could cash out their winnings after just a few bets, casinos would lose money in paying out the winnings.
How Wagering Requirements Work for Different Casino Bonuses
Depending on the gambling site bonus that is being offered at the time, the wagering requirements may change. Let’s look at some of the different casino bonuses you can get and the wagering requirements that may come with each one.
If you play slots for real money, you may find that some casinos give you free spins as a welcome bonus or as part of another offer. Before withdrawing any money from free spins, you must wager free spins. This means that you must make a deposit several times the amount of cash bonus you won.
This amount is found by multiplying the total bonus credit amount you won by the wagering requirement. For example, if the wagering requirement is “20 times,” and you win $50, you won’t get your money until you’ve bet the entire $50 amount 20 times, which is $1,000.
Make sure you know what the casino’s wagering requirements are before you claim a bonus. If you do this, you won’t be disappointed if you try to get money from free spins. You can skip the cash bonuses and play with your own money instead. You can cash out your winnings whenever you want.
Deposit Match Bonuses
Match bonuses have wagering requirements that are similar to those for free spins. As part of a “match bonus” or “deposit match” offer, the casino will double your money if you put in $50.
To meet the wagering requirement, you must bet the amount of the matched deposit the required number of times. In this case, that adds up to a total of $1,000.
Still, players should be aware that their first deposit may count toward the match bonus at some online casinos. It would be best if you stayed away from these sorts of places.
If you put in $50 and the casino matches it with another $50, you must pay $100 twenty times to meet the wagering requirement. Why it’s important to read the fine print should be clear.
A “no deposit bonus” means the player doesn’t have to put in any money. Also, these wagering requirements are based on a multiplier system based on how much you win.
If the wagering requirement is ten times the bonus amount and you get a $50 no-deposit bonus, you must bet a total of $500 before you can cash out any winnings. You can do the calculations using a wagering requirements calculator.
No-deposit bonuses, in which the player doesn’t have to make an initial cash deposit before getting a bonus, can be a great way to start playing games at a casino using your bonus balance without spending your money immediately.
How to Meet and Beat Wagering Requirements
You won’t be able to meet and exceed your wagering requirements unless you first understand how the more subtle parts of the wagering requirement works and then learn how to play strategically. Here are some tips to help you meet your wagering requirements:
Understand the Terms and Conditions
Read the transparent terms and conditions of any welcome bonus money or other promotional offers when you can. Read the fine print of the wagering requirement to learn everything you need to know about the bonus offer’s terms and conditions, from the wagering requirements to how to meet those wagering requirements.
Usually, you have to make a certain minimum deposit to get the bonus in the first place. You may have to deposit using a certain method and within a certain amount of time to get the bonus amount. Each online casino is different when it comes to meeting the requirements, so they all have their own rules and guidelines.
Choose the Right Casino
Some casinos have as few as 30X wagering requirements, while others have as many as 50X. Before you choose a casino, you should do research on its wagering requirement since some of them limit the amount of money you can win from the free bets bonuses they offer.
Choose a casino with bonus terms and wagering requirements that work to your advantage, and make sure that other players in the area like it. It should be easy to use, fully regulated and controlled, and have easy-to-reach customer service if you have questions or problems with your bonus.
Choose the Right Games
The amount of your total bet that counts toward the requirements changes from game to game. Once you know which games count and what percentage of your bet they contribute, play the games that give you the most “bang for your buck” regarding the wagering requirement. When you play online slots, your whole bet will usually count toward meeting the requirement.
On the other hand, card, and table games might only make up 50% or less of the whole. When you play Slots, you’ll find that you can meet your needs more quickly and easily than when you play any other game.
Play the Right Way
You know that playing slot machines is a faster way to meet your betting needs, but you also know that not all are the same. You must pay close attention to the RTP and volatility of your games.
There are more possible outcomes in games with a lower RTP. Even though they don’t pay out as often, the amounts are much larger when they do.
If you want to meet wagering requirements, you should play games like this at the beginning of your session. Because of this, you can greatly increase your bankroll, protecting you from future losses.
When your bankroll has grown to a good size, you can take it easy and play games with less risk. They will have a high RTP, paying out less overall but more often. They don’t use up your money as quickly and let you keep more of what you win over time, which makes them a safer option overall.
If you don’t want the free bets and bonus offers, you can say “no.” The option may be easy to find in some casinos, but you may have to talk to customer service to tell them what you want to do. You can either opt out using the bonuses or you can choose to play in any of the many no wagering casino sites.
Sign-up bonuses, “sticky bonuses,” and other freebies are promotional incentives used to get new users to join a site and wager while also giving existing customers some benefits to encourage them to make a wager. Because of these bonuses, the best online casinos may give players more time to play their favorite games or extra credits to use on those games.
Casino bonuses give you more ways to wager, adding a fun new dimension to the gaming experience. Who wouldn’t want to use free money to wager on online slots or casino table games? It is a great way to try out a new game without putting any of your money at risk.
Players get a lot of benefits when they bet on games. Before you use any bonuses, ensure you fully understand the wagering requirements, how to use them, how the system works, and the terms and conditions of each promotion.