When you claim an online casino, wagering requirements are often attached to those bonuses, but why? Find out why right here.
Almost every single online casino bonus out there today, whether it’s a matching deposit bonus or free spins bonus, generally comes with what are now known as wagering requirements. However, some online casino operators refer to the wagering requirements as playthrough requirements or, in some cases, roll-over requirements, but what does it all mean?
The requirement of most betting offers state the amount of cash you must wager before you can make any withdrawal of winnings that you have made from your bonus. If there weren’t any wagering requirements attached to bonuses, most players would simply withdraw their bonus money, and the casinos would quickly go out of business.
A closer look at online casino bonus wagering requirements
Here are some examples of how online poker and online casino bonus wagering requirements generally work. Let’s just say that you have just signed up to an online casino or an online money game in UAE and accepted a 100% matching deposit bonus worth up to $/€/£200.00 (or equivalent currency value). This particular bonus may come with a 30x times wagering requirement attached to it.
In most cases, you will find that the average wagering requirements attached to casino bonuses will range from 20x up to 45x the bonus amount. Just remember, the lower the wagering requirements, the better it is for you as a player. The 100% match bonus means that the casino will double your deposit, in this case up to $/€/£200.00.
Therefore, if you deposit just $/€/£25.00, then you would end up with $/€/£50.00 to play with (includes $/€/£25.00 deposit + $/€/£25.00 bonus money). If you maximise your bonus and deposit the full $/€/£200.00, you would end up with $/€/£400.00 to play with, and so on. There’s no point in depositing more than the bonus is worth because the operator of the casino will still only give you up to a maximum of $/€/£200.00 in free bonus money.
If your bonus comes with a 30x times wagering requirement, and you deposited $/€25.00, then you would need to wager the $/€/£25.00 30x times. Also, you generally need to wager the initial deposit amount on top of the bonus amount. Therefore, you would need to wager a total of $/€/£775.00 before you could withdraw (which includes your $/€/£25.00 deposit multiplied by 30x, + the initial $/€/£25.00 deposit). It sounds a lot more complicated than it actually is.
What’s the best way to complete wagering requirements?
One thing that you need to be aware of is that you may only have a certain amount of time to complete your wagering requirements. This could be anywhere from just a few hours up to one month. It varies from one online casino to the next. Also, certain games will contribute more per $/€/£1.00 wagered towards completing your wagering requirements than others.
To complete them in as little time as possible, stick to playing the slots rather than live dealer games or any other table & card games, such as roulette or blackjack. These games may only contribute as little as 0% to 5% towards completing your wagering requirements per $/€/£1.00 wagered. The best thing to do would be to always read the bonus terms and conditions whenever you claim a casino bonus. The good news is that some online casino operators offer players bonuses just for using a certain type of payment method.
What to remember when claiming an online casino bonus
Don’t forget that you don’t always have to claim a bonus. It can easily be declined when you are initially offered a bonus. However, if you decline the bonus but then decide at a later date that you want to claim the bonus, you won’t be able to. Don’t leave it too long to complete your wagering requirements because you could end up missing out on cashing out any winnings you make from your bonus. Also, the only other thing that you need to be aware of is that your casino bonus winnings are generally capped at a certain amount, which could be anywhere from $/€/£20.00 up to $/€/£500.00. Each casino is different.
