Wagering Requirements
Online casinos are a great place to indulge your favourite games. There are options after options, with never a dull moment in between. Of late, the ‘live’ feature of virtual gaming houses, where real dealers interact with you as you play a round of baccarat or blackjack, has only heightened the experience for enthusiastic gamers. But the best feature of online casinos remains the huge jackpots and bonuses they offer. The only catch is the online casino wagering requirements.
You will read about the bonus wagering requirements on the website itself. Any huge cash prize, or for that matter, free rewards, usually require a certain amount of money invested in the gaming website before you can claim the reward. To the credit of the casinos, everything is spelt out.
At first glance, the requirements can seem a bit confusing, and even downright complicated. For those who are not too friendly with numbers, the calculations may seem almost frightening. However, the casinos would never want to alienate their audience, and as a result, the online casino wagering requirements are quite easy to understand and assimilate.
Wagering Requirements Explained
Imagine you have just registered on a new casino website. You are quite excited about trying out the different games. And then there is a free bonus too, where you have been given casino money to spend and win. In your excitement you may miss the fine print which says that any win from the bonus money can be withdrawn only after, let’s say, a 10x wagering requirement. If you miss this, then here are the wagering requirements explained:
The gist of the entire thing is that each casino requires you to spend money on it. The more you spend, the easier it is for you to then withdraw any casino bonuses or other rewards that you may have won. Remember, there is nothing unfair going on here, just the online casinos trying to reap profits, like any other business model.
What you need to do is keep your eyes open and read the fine print. Any bonus or welcome rewards usually carry online casino wagering requirements. If you do not meet these requirements, the bonus cash that is promised to you will never reach your wallet.
Wagering Requirements Calculator
Each casino has their own wagering requirements calculator. Some of them may be as low as 2x, while other could go as high as 50x. It all depends on the bonus money made available to you. We have worked out a real world example that you will certainly encounter on an online casino:
Suppose you have been given $20 as bonus money for registering on the website. You are, quite expectedly, happy about receiving some free money to spend. The very first requirement comes in the form of which games you can use this bonus money on: Slots are very often the preferred choice, especially the popular ones. On close observation, you will also find that these games do not have a very high payout.
The second wagering requirement, the one that you need to be mindful of, is where you will see a multiplier attached to the bonus money. Let’s consider a 10x wagering requirement on the $20 that the casino has bestowed on you. What this translates into, according to wagering requirements calculator, is that you need to spend a minimum of $200 – 20×10 – if you wish to claim your bonus money and any other rewards that you may win with it. That is all there is to the very often confused aspect of online casinos that have over the years been perceived as complex.
All you need to remember is that the wagering requirement is the amount of money you required to spend in order to collect free rewards. Nothing more, nothing less!
How to Minimise Your Wagering Requirements
One of the most practical ways to minimize your wagering requirement involves registering at casinos that impose a minimum fee. As mentioned earlier in this article, different casinos have different standards: On some websites you could spend no more than 2x the bonus amount, while on others you may have to wager close to 50x the bonus money. Then there are websites where you will need to spend money to claim even the free spins that are often given as a welcome bonus. Do your research via casino reviews. And don’t forget to read the terms and conditions. And never forget to read the terms and conditions.
The other thing that you can do is register at a no-wagering-required casino.
Find Online Casino without Wagering Requirements
The online casino industry is quite a competitive industry, where every day a new player emerges trying to get a share of the pie. A recent trend is the online casino no wagering requirements, at least as far as the welcome bonuses go. What this means is that you can lay claim to the winnings made from the free money offered and free spins offered without having to keep wagering the winnings over and over again. A quick search online should throw up a number of online casino without wagering requirements.
In the long run, however, there will be some of restrictions imposed when you to look to withdraw from real money online casinos.
Where Can I learn About Wagering Requirements for My Casino?
By law, online casino wagering requirements are required to be mentioned by the website in a clear, succinct manner. You will find these mentioned on the welcome page, or in more detail in the terms and conditions page. It does not take much of an effort to find the information on the website.
FAQ Section
Can I withdraw my bonus without meeting wagering requirements?
No. That is why the requirements are there in the first place.
Are there time limits on wagering requirements?
Some casinos do apply a time limit within which you have to meet the wagering requirements.
Can I avoid online wagering requirements completely?
No. All online casinos employ some form of wagering requirement or the other. It would be wise to read through the terms and conditions before you sign up.
