What Is The Wagering Requirement On An Online Casino?
Based on our experience, we can say that novice gamblers have a tough time comprehending the essence and goals of wagering requirements. In this article, we’re going to put an end to every doubt!
As you probably know, bonuses tend to come with wagering requirements tied to them. Speaking in plain words, wagering requirements are the obligatory conditions the player must fulfill before being able to withdraw their bonus money. If you fail to meet these conditions, you won’t be allowed to convert your bonus into cash.
Some gambling websites have milder conditions than others. Don’t accept the first offer that comes your way. Remember that you have a choice!
How Do I Calculate The Wagering Requirements?
To be able to wisely pick the best bonuses, you need to learn how to calculate what the wagering requirements will cost you. Suppose, you found a good online casino and signed up. The casino gives you a $45 bonus on your $15 deposit. The wager is x5. To be able to release your bonus, you first need to spend the total of $45 x 5 = $225.
If you’ll be using your deposit to meet the wagering requirements, the total will be this: $15 +$45 x 5 = $300.
Why Do Casinos Have Wagering Requirements?
While you may think that casinos are using wagering requirements to squeeze more money out of players, this is not true at all. There is a sound reason why gambling sites started to attach such conditions to their cash gifts. This reason has to do with the global fight against money laundering. Bonus terms are nothing other than an obstacle preventing criminals from cleaning their funds.
Where Can I Read About Wagering Requirements?
The gambling regulations oblige online casinos to maximize the visibility of wagering requirements. On the gambling site, look for the section with bonus terms. There you can find the exhaustive information on the wagering requirements and related issues. It’s only fair because the user has the right to know what they’re opting for.
Sometimes, wagering requirements make a part of the casino’s general terms and conditions. If you failed to find the relevant information on the website, don’t hesitate to contact customer support.
Never accept a bonus unless you’ve familiarized yourself with the terms and conditions. It’s your responsibility to know what you need to do before you’re allowed to cash out your winnings. Find out what games count towards wagering requirements. Most of the time, you’re allowed to wager your bonus on slots. Roulette and blackjack are less likely to be among the games eligible for wagering requirements.
Note that some wagering requirements have time limits, which makes the whole thing even more challenging. Also, there may be limits on withdrawal amounts.
Be sure to read the fine print. It’s not uncommon that a casino writes crucial information in small-size font, hoping that it will escape the user’s eye. Don’t be the one to fall into that trap.
If you’re satisfied with the bonus terms, go ahead and sign up with the online casino, make a deposit and get your bonus!
Bonuses Without Wagering Requirements
Yes, this is true! Such bonuses exist! Wager-free bonuses have a bunch of advantages. First, you don’t have to credit your account in order to get your hands on a wager free bonus. Second, such bonuses have no playthrough conditions attached to them.
Wager-free rewards usually come in two forms: no deposit bonus and free spins. Such gifts are luring new clients to online casinos like a magnet. You get a brilliant opportunity to use money and other benefits with absolutely no strings attached.
Is There A Way To Avoid Wagering Requirements?
Once you’ve accepted the bonus, there is no way back. Casinos don’t make any exceptions. If you realize that the wagering requirements are too tough, you must not sign for a bonus in the first place.
However, in the majority of cases, we strongly recommend that you take the money gift. A bonus amplifies your bankroll, giving you the opportunity to try various games. If the requirements don’t have a time limit attached to them, you can take all the time you want to wager your bonus the specified number of times. We honestly believe that playthrough conditions are often unjustly demonized.
What Will Become Of Wagering Requirements?
When it comes to casinos, nothing stays the same for long. Since the world of online gambling is constantly evolving, we won’t be surprised to see casino changing their wagering requirements in some way. Nowadays, gamblers have a big selection of bonuses to choose from. Seeing how popular wager free bonuses are, casinos may find another way to fight money laundering and cancel wagering requirements altogether.