Wagering Requirements Explained: What Is Wagering?

Almost every online casino bonus comes with wagering restrictions, which are an unavoidable evil. The majority of online casino sites entice players with a generous deposit bonus and bonus spins, yet 99 percent of these cannot be converted into cash immediately. Your bonus or bonus spins wins must be wagered a certain number of times before you can withdraw any money.

But what is a wagering requirement, exactly? What does the term “wager” signify in the context of an online casino? We’ll go over all of this and more so you know exactly how to get around wagering requirements.

What Are Wagering Requirements & How Do They Work?

First and foremost! Let’s take a closer look at the concept of wagering requirements that are most common at online casinos and how they apply to gambling.

A bet on an online slot, casino game, bingo game, poker game, or other online casino game is referred to as a wager. When you claim a casino bonus, the money you get is paid in bonus money rather than real money. When it comes to bonus spins, it’s the exact same, any rewards (aka winnings) you receive are rewarded in bonus money as well. This extra money is normally held in a separate wallet and is subject to a bonus wagering requirement.

Because you can’t withdraw bonus funds, you’ll have to meet the wagering requirements (together with any other bonus stipulations) before getting at your winnings. These terms are difficult to grasp for both newcomers and seasoned players. A wagering requirement is the amount of money that a player must bet before being allowed to make a cash withdrawal (typically a multiple of the bonus amount or bonus winnings).

When you meet the wagering requirements, your bonus money will be converted to real money. If you do not fulfill these wagering requirements, your bonus money will be forfeited and will never be converted into real money for withdrawal.

Why Understand Wagering Requirements?

You should go through the terms and conditions of the deal thoroughly, in addition to confirming whether wagering requirements apply. The worst feeling in an online casino is thinking you’ve won an offer only to be told you didn’t because you didn’t follow the terms in the fine print.

In the worst-case scenario, your casino bonus and any winnings could be forfeited. This usually happens when you break a rule. For example, if you used bonus money to place a bet that was more than the maximum stake.

In some circumstances, you may be able to correct the error. For example, supposing you thought you’d finished the wagering only to discover that the slot doesn’t pay out 100%. You might simply switch to a more appropriate game and continue.

All of this can be avoided simply reading the terms and conditions and wagering requirements before playing. It may appear simple, but it is frequently the most effective approach to bet a casino bonus. That way, you’ll know exactly what you need to do to beat the odds without voiding your efforts. If you don’t understand a term, we strongly advise you to seek clarification from the casino’s customer service department.

Where Can I Learn More About The Wagering Requirements For Casino Bonuses?

Players should now have access to all necessary information thanks to a variety of rules and regulations across the licensed online gambling world, ensuring that wagering restrictions are more visible.

Every UK casino operator that offers a cash bonus, including bonus spins, is required by law to show the terms and conditions. You should discover the wagering restrictions and other information that could prevent you from making an immediate withdrawal in those T&Cs.

Always read the fine print before signing anything. The entire terms and conditions are usually discovered by clicking a link in the promotional e-mail or going to the promotions page.

If you can’t find the specified amount for the wagering requirement for whatever reason, go to the terms and conditions page or contact Customer Support. This way, you may be certain that you understand what you’re getting before handing over your cash.

Wager-Free Online Casino Bonuses: What Are They?

Wager-free refers to a bonus offer that has no wagering conditions linked to it. The true benefit of these incentives is that any winnings can be withdrawn immediately and without any delays.

Although the winnings are paid in real money, they are on the tiny side, and you may have to make a deposit before you can take advantage of them. They can take the form of:

• Wager-bonus spins
• A Deposit bonus with no wagering requirements
• Cashback

Casino operators are well aware of the attractiveness of these deals, therefore it’s no wonder that many of them push wager-free offers. The good news is that any profits from these bonus offers or bonus spins can be withdrawn straight away.

But, just to underline the point again, many online casinos will require you to make a deposit beforehand. So it might be on that sweet deal you thought it was.

How to Calculate a Bonus’ Wagering Requirement Mathematically

This is the tedious part, but it’s critical that you understand how wagering requirements operate and how to choose the greatest wager casino bonus for your cash.

Assume you’ve discovered a new online casino that has peaked your curiosity and you’ve decided to join. There are several elements that will influence how you compute wagering requirements (i.e. how much you must wager before you may withdraw):

• To begin, it is necessary to determine whether the welcome bonus is a bonus spins bonus or a deposit match bonus.
• Second, whether or not the deposit amount is included in the wagering criteria is important.

How to Work Out Bonus Spins Wagering

If you take advantage of a bonus spins promotion, you’ll usually have to calculate the wagering requirements based on the amount you earn. Assume you’ve been given 20 bonus spins with a 10x wagering requirement, and you’ve earned $5 while playing:

• $5 (bonus spins wins) multiplied by 10 (wagering) equals $50.
• As you can see from the example above, the $5 you won has a 10x wagering requirement, which means you’ll have to bet $50 before withdrawing.

Wagering on Deposit Bonuses: How to Work It Out

AMOUNT OF DEPOSIT EXCLUDED

You only need to compute the wagering requirements depending on the bonus you receive if you claim a 300 percent bonus and the wagering requirements exclude your deposit. Let’s imagine the casino gives you $60 in free money after you deposit $20 and meet the 5x wagering requirement. This is how it works in practice:

• $60 (bonus) multiplied by 5 (wagering) equals $300.

INCLUDING THE AMOUNT OF THE DEPOSIT

Let’s pretend that you have to include your deposit in order to meet the wagering requirements. Using the preceding example, here is how it would go:

• $20 (deposit) + $60 (bonus) multiplied by 5 (wagering) = $400

Online Casinos With No Wagering Requirements

You can also find specialized online casinos that do not demand any wagering.

These no-wager casinos are becoming more popular because their bonuses come with less stipulations, but you normally won’t see crazy amounts of free cash.

A modest quantity of extra money or wager bonus spins, on the other hand, can be just as beneficial.

Both of these incentives will typically need a deposit, but you will not be required to bet your winnings a certain number of times before you can withdraw them.

Choosing Your Casino Games

Different casino games contribute various percentages of your stake to the requirements.

Find out which games qualify and how much of your wager they contribute, then play the games that give you the most bang for your money when it comes to wagering requirements.

Online Slots commonly contribute 100% of your bet to the requirements.

Table games and card games, on the other hand, may only account for 50% or less of the total. You’ll find you meet your requirements more quickly and easily if you choose to play the Slots.

Wagering Requirements and How to Get Around Them

You’re probably wondering how you’re going to beat them now that you know what’s wagering. If you are completely new to this, wagering almost $1200 off just a $20 deposit may seem like an almost impossible task. However, this is not the case.

Do not be fooled; it is far from simple. No casino would ever make it simple to place a bet. But keep in mind that it’s not impossible. In the first place,

1. Choose the best casino.
2. Choose the best bonus for you.

Do your homework when it comes to casinos. Examine your bonus. This cannot be emphasized enough. If you accept a bonus with absurd terms and high wagering requirements, there’s a good chance you won’t be able to meet them. Here are some more helpful hints:

Make sure you’re familiar with the wagering terms, which involve checking game contributions and determining which casino games contribute 100 percent toward wagering, as we’ve already indicated. It will take you considerably longer to satisfy the requirements if you play a game that only contributes 50% of your wagering. Individual video slots may also contribute 0% to your wagering requirements.

If you don’t check this first, you could waste hours and hours playing games thinking you’re betting, only to find out that certain games aren’t allowed to be wagered on, and you’ll be stuck.

Find the casino games you enjoy the most! Finding eligible games that you are familiar with and that play well is one of the best strategies to assist you in the wagering procedure. Don’t worry if you’re new; this will come with time. You’ll also begin to discover that some games are ideal for betting! These are games that will keep your balance steady, even if you don’t win a lot of money.

For example, if you’ve just achieved a big victory, it might be a good idea to select a game that can assist you keep your balance while still allowing you to place a lot of bets. Games like NetEnt’s Starburst Slot are examples of this. If you’re feeling confident, you can start increasing your stakes. Keep in mind what we said previously. The faster you climb, the faster you can fall.

There is no surefire way to win at betting. There isn’t a single gambler on the planet who can forecast if they will finish their ageing requirement before taking a bonus. Just use your common sense! Wagering requirements explained from top to bottom, use the information we’ve provided today, do your homework first, and you might be on your way to success right away!

We are working on a wagering requirements calculator, so be sure to check back soon and always gamble responsibly!

Wagering Requirement Frequently Asked Questions

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