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Wagering requirements are the mandatory evil of almost every casino bonus. Before you can withdraw any money, your bonus or free spins winnings need to be bet a set number of times.
But what exactly is a wagering requirement? What does wager mean in casino terms? Is there a best way to wager a casino bonus?
If you decide to play at a casino using one of the many casino bonuses available, you will be given extra bonus money to play with.
A wagering requirement is how many times you need to bet the bonus before it becomes real money which you can withdraw to your account.
However, the casino has placed a x10 wagering requirement on the bonus money. In some cases, a casino might apply wagering requirements to both the bonus money AND the amount you deposit.
This clearly has a huge impact, effectively doubling how much you need to bet in this case. For example, they are also known as playthrough requirements or rollover requirements at some sites.
Alternatively, they may be referred to as obligations instead of requirements. However, all these terms still have the same wagering meaning as described above.
However, they want to make things attractive for the players as well to get them to sign up. Giving players casino bonuses is a way of offering players incentives to join — namely, by giving them extra bonus money to play with.
Of course, there is the possibility that you will complete the wagering requirements too and be able to cash out the winnings.
Alongside what the wagering requirement amount is and what it applies to, there are a few other terms and conditions that may affect how you wager a bonus.
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The final thing to consider is game weighting. Once you understand wagering meaning, you have to go deeper and understand this too.
Game weighting means, in a nutshell, the percentage of bets that will count towards meeting wagering in a given game.
Always check the terms and conditions of a given deposit bonus of welcome offer to check what games count. Again, the best casino sites with no wagering requirements eliminate this issue altogether.
With the online gambling marketplace becoming so competitive, it is perhaps no surprise that gambling sites use clever marketing ploys in order to entice new players their way.
One of these tactics is through seemingly generous sign up or welcome bonuses, which grant new players a host of free bets or cash bonuses for opening an account with them.
These can take the form of matching your first deposit with free cash, free bets when you stake X amount, or even just free money — no questions asked.
You can imagine how quickly online bookmakers would be overwhelmed if they were to just give out free money and let people withdraw that money immediately without ever placing a single bet.
Enforcing wagering requirements ensures that all bonus recipients place at least some minimum total of bets before moving on to greener pastures.
It would be financial suicide to just give away free money to anyone willing to sign up for an account. Wagering requirements give betting sites the assurance that they will be getting some business from every person who receives a bonus.
Secondly, the process of clearing a bonus exposes each customer to the house advantage, which is how online casinos and sportsbooks make their money.
Every casino game and nearly every sports bets come with a built-in house advantage. Although any individual gambler may win or lose a significant amount while clearing a bonus, the odds work out for the betting site over the course of giving out bonuses to many thousands of players.
You should always be on the lookout for additional terms because most betting sites attach certain conditions to how the wagering requirements are met.
Generally, betting sites do not want people to clear their bonuses by placing a bunch of low-risk wagers simply for the sake of clearing the bonus and withdrawing.
Sports betting bonus offers usually come with a minimum odds rule which states that only wagers placed at certain odds or higher count towards meeting the wagering requirements.
The purpose of this rule is to prevent people from gaming the system. Without it, people would be able to claim signup bonuses with no intention of actually becoming a customer.
This will allow you the chance to significantly increase your bankroll, and insure yourself against possible losses in the future.
Once you've padded out your bankroll, take it easy and play lower-variance games. These will have a high RTP, meaning they pay out smaller amounts but more consistently.
They are a safer bet because they don't diminish your bankroll as easily and allow you to keep more of your winnings over time. Don't want to worry about wagering requirements?
You can choose to opt out of the bonus entirely. Sometimes casinos will have the option readily available, but you may have to contact customer support to convey your wishes.
These no-wager casinos are becoming more popular because their bonuses come with less stipulations, but you normally won't see crazy amounts of free cash.
Both of these bonuses generally require a deposit, but will not require you to wager your winnings a specific number of times before you can collect them.
Once you qualify for the bonus and make your bet, any winnings derived will be credited to your casino account and you can withdraw them anytime.
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