Understanding the concept of
wagering requirements is critical when playing at any online casino because the key to understanding this fine print is to understand what
wagering requirements are and how they work.
Understanding “Wagering”
Wagering is betting. Simple as that. Every time you play a round of
blackjack or you spin a slot machine (or play any online game), you place a bet. When you place a bet, or a wager, the casino software automatically tallies this information up. You can see for yourself every wager you make in your gaming history. Wagering has nothing to do with how much you win or lose; it’s simply a way to tally up your activity.
Why Are There Casino Wagering Requirements?
Wagering requirements are in place to ensure that a player simply can’t accept a bonus and withdraw it immediately. The same as any coupon or special offer that one might find at their local department store, bonuses do come with conditions. The conditions are standardized and you’ll find them at
all online casinos – some a bit more stringent than others.
How Does It Work?
In order to explain exactly how wagering requirements foronline casino bonuses work, we’ll give you an example. Most online casino set wagering requirements based on a formula that usually looks something like this:
Wagering Requirements = Bonus + Deposit x (A certain number)
That number usually ranges from 15 to 35, depending upon the casino and the bonus (larger bonuses usually come with larger wagering requirements).
Let’s say for example that you deposit $100 and accept a 100% match up bonus. The wagering requirements for this bonus, let’s say, were set at 25. Therefore:
Your Wagering Requirements = $100 + $100 x $25 = 5000
This means that you’ll have to wager $5000 worth before you can cashout. While this number sounds high, it’s simply a tally of all your bets and believe it or not that adds up very quickly as you play!
Restricted Games
Note that not all games count towards wagering requirements. Traditionally, blackjack wagers do not count and therefore many blackjack players opt not to receive bonuses. There are special offers for blackjack players and if blackjack is allowed to meet wagering requirements, it will be specified. Some blackjack players opt out of receiving bonuses that do not allow blackjack wagers to fulfill the requirements. To do this, you must ask an online casino representative to remove the bonus and this cannot be done if you start playing after receiving the bonus. So make sure to have the bonus cleared before you start playing if you choose not to accept the terms.
Making Wagering Requirements Work For You
For those who play slots, wagering requirements are easy to reach quickly and if you play in slots tournaments you can work to meet your wagering requirements, keep your winnings and then win extra money from the tournament!
