When you sign up for a new online casino, one of the most important things to look at is the wagering requirements. These are the terms and conditions that dictate how much you need to wager before you can withdraw any winnings. If you’re not familiar with wagering requirements, this article is for you! We’ll explain what they are, how they work, and why it’s essential to read them before signing up for a new casino.
What Are Wagering Requirements?
1) What is a wager?
In the context of casino games, a wager is simply the amount of money you put at risk in order to play. This could be the amount you bet on a single spin of the roulette wheel, or it could be the total amount you’re betting across multiple rounds of blackjack. In most cases, your wager will also include any bonus money that you’ve received from the casino.
2) When do you fulfil the wagering requirements?
The wagering requirements for a casino bonus are usually fulfilled by playing the games that contribute to the wagering requirement. This could be slots, table games, or a combination of both. The percentage of your wager that counts towards the requirement will vary from game to game, so it’s important to check before you start playing.
3) Can you avoid the wagering requirements?
In most cases, you cannot avoid the wagering requirements. This is a term that the casino sets, and it’s not something that you can negotiate. However, there are a few exceptions. For example, some casinos will let you withdraw your winnings without fulfilling the requirements if you play high-stakes games such as blackjack or roulette.
4) How wagering requirements work
So, now that you know what wagering requirements are let’s take a look at how they work. In most cases, the requirement is expressed as a multiple of the bonus amount. For example, if you receive a £100 bonus and the wagering requirement is x20, you would need to wager £2000 before you can withdraw any winnings. This means that you would have to bet on average £100 per day for 20 days in order to clear the requirement.
It’s important to note that not all games contribute equally towards your wagering requirements. Slots usually contribute 100%, while table games typically only contribute around 20-25%. This means that if you’re playing blackjack and trying to meet the requirement, you would need to wager much more than if you were playing slots.
Why Are Wagering Requirements Important?
Now that you know what wagering requirements are and how they work, the next question is: why are they important? Well, there are a few reasons:
– They protect the casino from bonus abuse. If players could simply withdraw their bonuses without playing any games, the casino would quickly go out of business.
– They give players a chance to actually win some money. If the wagering requirements were lower, players would be able to withdraw their bonuses immediately and keep all of the profits. This wouldn’t be fair for the casino or other players.
– They help to prevent bonus fraud. Some players try to take advantage of the casino bonus by opening multiple accounts and using the bonus money to clear the requirement quickly. Wagering requirements help to prevent this type of behaviour.
How to Mathematically Calculate the Wagering Requirement of a Bonus
1) How to calculate the wagering on free spins?
When you receive free spins as a bonus, the wagering requirement is usually expressed as a multiple of the total amount that you win. So, if you win £100 from your free spins, the wagering requirement would be x20 (i.e. £2000).
2) How to calculate wagering on deposit bonuses?
The wagering requirement for the deposit bonus is usually expressed as a multiple of the bonus amount. So, if you receive a £100 bonus and the wagering requirement is x20, you would need to wager £2000 before you can withdraw any winnings.
How do You beat the wagering requirements?
1) Choose a reputable casino
Choose a casino that has a low wagering requirement or no wagering requirements at all.
Casumo offers new players a 200% welcome bonus without wagering requirements! This means that you can withdraw your winnings as soon as they appear in your account – without having to pay any further games.
2) Read the Terms and conditions of the casino before signing up.
This is essential, as it will tell you exactly how the wagering requirements work. It’s important to know what games contribute to the requirement and the minimum deposit amount.
Some casinos also have a maximum bet limit, which can prevent you from clearing the requirement quickly.
3) Choose your games wisely.
If you’re trying to meet the wagering requirement as quickly as possible, choosing games that contribute 100% towards the requirement is important. Slots are a good option, as they typically contribute 100%. On the other hand, table games such as blackjack and roulette usually only contribute around 20-25%, so you would need to wager a lot more money on these games to meet the requirement.
4) Play the right way.
If you’re trying to meet the wagering requirement as quickly as possible, it’s important to play the right way. This means betting Max on slots and playing games that contribute 100% towards the requirement.
In conclusion, wagering requirements are a vital part of any casino bonus. Make sure you understand how they work before signing up, and choose your games wisely.
FAQ:
1) Can I withdraw winnings from a free bet?
Free bets usually have a wagering requirement that needs to be met before any winnings can be withdrawn. This means that you will need to place some real money bets before you can cash out your profits.
However, some casinos do not have wagering requirements on free bets – so it’s always worth checking the terms and conditions before signing up.
2) What does the 10x wagering requirement mean?
This means that you would need to wager £1000 before withdrawing any winnings from the bonus.
So, if you receive a £100 bonus with an x20 wagering requirement, you would need to wager £2000 in total before being able to cash out.
3) What does no wagering mean?
No wagering casinos do not have any wagering requirements on any of their bonuses. This means that you can withdraw your winnings as soon as they appear in your account – without having to pay any further games.
4) Are you guaranteed to beat wagering?
There is no guarantee that you will be able to beat the wagering requirements, no matter how well you know the casino games. In addition, it’s important to remember that the wagering requirement is usually expressed as a multiple of the bonus amount, so even if you do manage to clear it, you may not be able to withdraw all of your winnings.