Rollover Requirements: What Do They Mean For Your Casino Bonus?
Nothing quite beats the anticipation of having just signed up for an online casino and then waiting for that delicious welcome bonus to drop. If you are like many new casino players, then you probably look at this as a form of free cash. Though these welcome bonuses appear to advertise themselves as such, the truth of the matter is much more nuanced. It’s important to consider for a minute that online casinos are not charities. It would not be the best business practice to simply give away free money to new players. And that’s where their rollover requirements come into play.
Before accepting any online casino bonus, it’s important that you read through the website’s bonus terms and conditions. Within this small print, you’ll find something called wagering or rollover requirements. These will have a huge effect on the bonus, and how you can play it. Let alone cash out any winnings which result from its use.
Wagering Requirements Ensure You Spend Your Bankroll
Typical wagering requirements, or rollovers, will tell you exactly how much you must wager before you’re able to cash out any winnings. For example, suppose you sign up and receive a welcome bonus that comes with a 30x wagering requirement. In real terms, this means that if you deposit just $10, then you must wager a total of $300 before you’re eligible to make a withdrawal. Gulp! We should point out that the actual wagering requirements will vary considerably across all online casinos. In other words, there’s no set rate fixed in stone. That’s why here at Jackpotfinder.com we insist that you perform some due diligence before trying to claim any bonuses. You may well find that all is not what it appears to be.
What Are Rollover Requirements?
Simply put, a wagering requirement is a multiplier that tells you the number of times you need to play through the welcome bonus before you’re able to cash out any winnings. Now, suppose you make a deposit at the casino. Then all bonuses on offer will come with wagering requirements. Unless you’re able to fulfil these then you’ll be unable to cash out. Furthermore, if you’re unable to meet these stringent rollover requirements then you’ll find that your cash is stuck in your casino account. It’ll stay that way until you meet the requirements. Or it dwindles down to nothing as you use it for gambling.
How Do Rollover Requirements Work?
It’s not at all complicated to calculate the wagering requirements. After you’ve deposited your money into your online casino account then you’ll be able to use both your original deposit and your bonus funds together. Keep in mind that these wagering requirements will cover both your initial deposit and the bonus funds. This is an important consideration many new players fail to take heed of.
There’s a simple formula for calculating the wagering requirements:
Wagering Requirement = (Deposit Amount + Bonus Amount) x Rollover
For example, an online casino like 22Bet Casino offers you 100% up to $500. What this means in real terms is that by depositing $20, then you receive a total of $40. You’re then able to play with this total amount from your casino account balance.
How To Meet And Beat Wagering Requirements
Many new players find it difficult to keep track of the amount of funds they have left as they play at online casinos. Especially if they’re moving from game to game. But if you head over to the cashier’s page then many online casinos will provide that information clearly for all players to see. In order to meet the casino wagering requirements, there are a number of important factors you should always consider.
Rollover Requirements Come With Strict Limits
The first of these is going to be the actual type of games you’re allowed to play with your bonus funds. Depending on the applicable games, this can make a huge difference as to how quickly you’re able to meet the wagering requirements. A good example of this is that many online casinos do not value the bets on table games as highly as they do the bets you might place on slot machines. So imagine that you wager $10 at the blackjack table. You’ll find that many casinos are reluctant to contribute the full amount of this $10 to your wagering requirements. As previously mentioned, these actual percentages can vary from casino to casino. But it’s generally a given, that by playing the slots you will complete your rollover requirements faster than by playing any online table games like jackpot poker, blackjack or baccarat.
Keep An Eye On Any Time Limits
The second point is that the bonus terms and conditions will often include some type of time limits. These can be as little as 12 hours from when you make your initial casino deposit. That’s why it’s essential that you make sure you have enough time to meet these play-through requirements. We suggest that you look carefully at the time limits, minimum deposit amounts, as well as the games that may contribute to your bonus rollover. Today, many casinos will give you a detailed bonus contribution chart. With this you can see exactly you’re standing as you work your way through the wagering requirements. If you go to any online casinos to win the jackpot, then be sure to always keep an eye on this number.
Are Betting Rollovers Fair?
Many new online gamblers fail to understand that the rollover requirements refer to the total amount of money being wagered. It has nothing to do with the amount of money you’ve deposited. This is an important distinction. And it’s very easy for new players to miss out on exciting promotions simply because they failed to understand this basic difference. It goes without saying that all types of bonuses I going to help you stretch your bankroll further. By doing so, they increase your total playtime. And that could possibly help you win the jackpot online.
As to the question of whether rollovers are fair, it’s important to keep in mind that according to the mathematics, they could actually work in your favour. Keep in mind that the casino house edge ranges from about 0.5% to 5%. So a player who’s sitting at a high RTP percentage game like a real-money blackjack has a much better chance of satisfying the rollover requirements.
Another important point to keep in mind is that if you receive any winnings from a game then they are also considered bonus funds. This means that you need to play through all your winnings, as they will also contribute to your wagering requirements. As such, you would have more leverage over the casino if you’re able to constantly win at the slots.
Are There Online Bonuses With No Wagering Requirements?
No matter what the promotion, bonus, or incentive on offer by the online casino, all of them will come with some type of wagering requirements. After all, simply having an incentive without any rollover requirements would be the same as giving the players free money. And you can guarantee your bottom dollar that they would withdraw this free cash straight away. Be wary of any casino that claims that there are no wagering requirements on their bonuses. This is most likely to be a scam. And we suggest you approach such casinos with extreme caution.
No Deposit Bonuses Are Not Free Money Either
Another common newbie mistake is mistaking the welcome bonus for the no deposit bonus. The latter is a bonus design whereby you don’t have to make any sort of deposit. But you’ll still need to play through the rollover requirements. Also, many of these no deposit offers are simply bait and switch. Later on, in order to withdraw any winnings, you’ll still have to make a deposit. That’s why it’s important to pay attention to the bonus terms and conditions before you accept any bonus offers from any online casino.
Pick Your Bonuses With Care
The casino bonuses are designed to look like a real treat. And in truth, they can be. For example, 22Bet Casino will give you 122% up to 300 Euros. As a new customer, this can give you a real boost to your online casino account. A much bigger bankroll is only going to increase your jackpot winning chances. Nevertheless, we suggest you approach them with caution. It’s important to understand that casinos are huge businesses. They need to turn a healthy profit. That’s why, at face value, these online casino bonuses look very tempting. Always keep in the back of your mind the fact that the casino will never give you free money. At the end of the day, we suggest that you find a reputable casino with fair wagering requirements. This is the only way you’ll be able to take full advantage of their bonus offers.