The main criterion for choosing a casino is the availability of bonuses. However, many users forget about the wagering requirements. It is the bonus wagering requirements that show how you can unlock and withdraw the funds you have won. This is a very important aspect, because without withdrawing bonus money, there is no point in taking part in different promotions. As a rule, the requirements are to bet a specific amount before you unlock the funds for withdrawal. Each bonus has its own specific rules and features to consider. Keep reading this article to learn more about wagering requirements for online casino bonuses.
What are wagering requirements?
Wagering requirements refer to the rules that are set by the casino. With their help, gambling establishments regulate the use of bonuses. Wagering requirements are an explanation of what actions you need to take before you can withdraw your winnings. As we have already mentioned, the set of rules for bonuses varies depending on the promotional offer itself as well as the casino.
The Impact of Wagering Requirements on Bonuses
Wagering requirements affect different types of bonuses in different ways. For example, if it’s a deposit bonus, then you’ll likely have to wager several times before you can withdraw. Free spins may require you to win a certain amount, in order to further withdraw your winnings. Your job is to sort out all the intricacies to understand how they affect your play.
Why is it important to know the wagering requirements?
By understanding the wagering requirements, you will be able to make the right decisions when choosing a bonus. This way, players understand which promotional offers they will be able to wager and withdraw and which ones they will not. In addition, if you know the rollover requirements, you will be able to optimise your strategy and increase your chances of winning.
Players get many benefits from understanding the requirements. First of all, users will know exactly what they need to do to get bonus money to withdraw. Secondly, knowing the rules helps in choosing the right games. This way, players can optimise their gaming experience by effectively managing all available bonuses.
Understanding the Wagering Terms and Conditions
Imagine you have received a $75 bonus with a wagering requirement of 30 times. To calculate the total amount of wagers required we must apply the following formula:
Bonus Amount x Wagering Requirement = Total Wager Amount.
For example:
- Bonus offer: $75;
- Wagering Requirement: 30x;
- $75 x 30 = $2,250.
In order to be able to withdraw your winnings or bonus amount, you need to wager a total of $2,250 on the specified requirements in the games.
Average Wagering Requirements
Let’s say you claim a $120 bonus with a wagering requirement of 40x. Then we should use the following formula to calculate it:
Bonus Amount x Wagering Requirement = Total Wager Amount.
For example:
- Bonus size: $120;
- Wagering requirement: 40x;
- $120 x 40 = $4,800.
In this case, you will need to wager a total of $4800 to withdraw your bonus or related winnings.
High Wagering Requirements
Consider a $250 bonus with a wagering requirement of 60x:
Bonus Amount x Wagering Requirement = Total Wagers.
For example:
- Bonus offer: $250;
- Wagering requirement: 60x;
- $250 x 60 = $15,000.
In this case, you will need to wager a total of $15,000 to be eligible to withdraw any bonus funds or associated winnings.
Secrets on How to Fulfil the Wagering Requirements
In order to wager effectively at the casino, manage your budget properly and fulfil the wagering requirements, we recommend reading our list of tricks.
Understand the Terms and Conditions
Before accepting any bonus, find out as much as you can about it. Read the terms and conditions, and study the wagering requirements. Pay attention to all the details, namely the minimum deposit for the bonus, suitable games, time limits and withdrawal conditions.
Approach the choice of casino right
A lot depends on the gambling establishment, first of all, wagering requirements. Therefore, choose only those places for gambling, where you will really be able to wager the bonus. Some casinos request too high requirements that are almost impossible to fulfil. So take into consideration different factors such as betting limits, withdrawal limits, reputation, licence and usability.
Choose the Right Games
Once you have accepted the bonus, take a close look at the catalogue of games and determine which ones are suitable for wagering. Remember that some amusements offer higher minimum bets, such as slots. Table games require smaller contributions. Therefore, we recommend choosing games with higher minimum bets to wager your bonus as soon as possible.
Pay Attention to the Return Rates
Study the variance percentages and return to player percentages (RTP) of different games to develop an effective playing strategy. Games with high volatility (variance) are less likely to produce winnings, but if successful, they have very large payouts. In the beginning, you can try your luck with risky, high volatility games that, if played favourably, will quickly increase your bankroll. After that, it is advisable to move on to more stable games with low volatility and high return percentage (RTP).
Consider Declining the Bonus
If you are not interested in receiving the bonus, then you can opt out of it. Even though you lose some of the benefits, you can proceed to play without any bonus commitment.
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Frequently Asked Questions
Are There Any Wagers with no Wagering Requirements?
Some casinos offer wagering with no wagering requirements. This way, you can immediately withdraw the money to your account or use it for betting.
Can I Withdraw My Winnings from a Free Bet?
Free bets are available for withdrawal as soon as you fulfil the wagering requirements.
How to Fulfil the Wagering Requirements?
To fulfil the wagering requirements of the bonus, you will need to take a strategic approach to the game. Users need to read all the terms and conditions carefully and calculate which games will allow them to wager the bonus the fastest.
What Does a 12x Bet Mean?
This means that the player needs to wager 12 times the bonus reward.
What are the Wagering Requirements?
A lot depends on the bonus you choose and the casino. You may be required to wager 10x, 12x, 20x or even 50x on the bonus.
