Wagering requirements are complicated for many new online casino players, especially because they can also be considered ‘playthrough requirements’ or ‘rollover requirements,’ which further complicates the matter. Simply put, wagering meaning can be described as the number of times you need to get a bonus before you can remove it. For e.g., if you take a $100 bonus on x20 wagering requirements, you’d have to make £2,000 worth of bets before you would withdraw the £100.
It might seem impossible, but it’s not. Check out our guide for more insight on how to defeat them. What are the wagering requirements, and what is the best way to explain what they mean to you as a player? This short, easy article is going to clarify them.
How do these wagering requirements work
The best way to understand how wagering requirements work is to use an example.
So, let’s assume, for example, that you have selected a bonus that gives you a welcome bonus of 50 percent up to $200. That sounds great, doesn’t it? But read closely what the words mean. It is said that the payout is up to $200, which means that it can potentially be way less than that. More precisely, this number is closely connected to the first deposit. What this means is that if you make a $100 deposit, you’re just going to get a $50 bonus. Of course, these rules will be explicitly outlined in the Terms and Conditions of every casino, so make sure you read them carefully before you plan to play.
You should keep in mind that the wagering requirements will decide the situation from which you will withdraw your bonus. So, if your wager threshold is, let’s say, 3x, you’ll need to bet your wager at least three times so that you can withdraw your bonus. This can sound a little daunting, particularly given that some casinos offer 20x or even 50x wagering requirements. But in the long run, it could potentially turn out to be very lucrative for the player.
The concept of wagering requirements and time limits
Many bonuses often typically come with time limits. They might suggest, for example, that you have to reach them within 30 days, 90 days, or whatever the casino in question decides. Still read a fine print to find out about time limits. Let’s assume the wagering requirements for casino betting are x20 and must be fulfilled within 30 days. You deposit $100 and get $100 to play at the casino. This means that you will have to gamble £2000 within 30 days, or the deposit money will be canceled, and all winnings will be declared invalid.
Casinos are doing this for cash flow purposes. They can’t give you their money and let you sit on it indefinitely since it would make it impossible for them to cover their substantial running expenses. Some have more generous time limits than 30 days, but they all have time limits of some sort.
The concept of Play Through Rates and Game Weighting
The last factor to remember is the weighting of the game. When you understand the concept of wagering, you have to go further to understand it, too. Game weighting means, in a nutshell, the number of bets that will count against meeting the bet in a given game. For e.g., slots account almost always for 100 percent of wagering requirements. That ensures that you’re working towards meeting the wagering conditions on every penny you bet. However, card games like online blackjack or online roulette rarely count 100 percent, and a game weight of around 70 percent can be allocated, which ensures that 7 will count against wagering criteria for every 10 games you play for.
Often review the terms and conditions of the deposit bonus of the welcoming deal to check what game counts. Since most online casino players play slots more than any other game, this shouldn’t be of much concern. However, if you’re out to play another game, you need to decide if you need to gamble extra to fulfill the wagering criteria. Again, the best casino sites with no wagering conditions would totally eradicate this problem. Player weighting adds a whole new aspect to the definition of wagering.
Importance of understanding wagering terms
In addition to reviewing what the wagering criteria are about, you can look over and clearly appreciate the terms and conditions of the offer. Probably the worst feeling in an online casino or mobile casino is to believe that you received an offer, only to say otherwise because you haven’t fulfilled a term. In the worse circumstances, this may mean that the bonus and all winnings are removed. This usually occurs after you have violated a rule. For e.g., if you made a bet using bonus money that was higher than the maximum bet.
You will be able to correct the error in better situations. For e.g., if you thought you’d finished your wager only to find that the slot doesn’t make a 100% contribution. You should just move to a more fitting game and keep playing.
However, you can stop all this by reading the terms and conditions before you play. It sounds easy, but that’s always the best way to bet a casino bonus. That way, you know just what it takes to beat the wager by not inadvertently losing out your efforts. If you don’t understand a specific word, we highly suggest contacting the casino customer service for an explanation.
It must be clear that players are not going to complete wagering criteria all the time. If you believe this is unjust, remember the following.
- Bonuses are given free of charge.
- If you do not complete your wagering requirements, you will not lose any money in your account.
- And you’re going to play live casino games without investing in them.
There’s still a possibility that you’re going to reap monetary gains from the bonus. Bonuses are “nothing to lose or anything to win” opportunities.
