The Importance of The Wagering Requirement
If you’re new to playing online casino games, then the whole world of the wagering requirement is going to appear to be very complicated. They also go by the names of “rollover requirements” and “playthrough requirements.” Terms that do nothing to illustrate what they’re all about. In its simplest form, the wagering requirement means the number of times you need to bet with your own money before you can get a bonus. For example, when you accept a $100 bonus, which comes with a 20x wagering requirement. This means that you would have to make $2,000 worth of wagers before you are able to withdraw the $100.
At first glance, this seems both improbable and impossible. But at 20x this is certainly possible. Unfortunately, you will also find advertisements for huge bonuses which appear to be very generous offerings from the online casino. But they will come with wagering requirements of up to 50x. Gulp! These are pretty impossible to touch as you would need a huge bankroll to support such betting activity in order to give you any chance of winning the jackpot online. King Billy Casino offers a great welcome bonus of 151% up to €/$500 plus 51 bonus spins. Their wagering requirements are 30 x for all their huge selection of games.
How Does The Wagering Requirement Work?
Let’s use a simple betting example in order to help you to understand exactly how does the wagering requirement work. Hopefully, with this example, you will learn to read all the terms and conditions of the bonuses offered in great detail. In many cases, there will be a clever play on words that is designed to bamboozle the new gambler. Always pay close attention to how the bonus offers are actually worded.
Now imagine that you’ve come across a new online casino and noticed that there’s a welcome bonus of “50% up to $200.” At first glance, this looks to be great news. But it’s important that you examine the wording properly. First, it says that the payout is “up to $200,” which means it can also be much less. See what they did there? Keep in mind that this number is directly correlated to your first deposit. In other words, if you make a $100 deposit, then your bonus is going to be $50. As we previously mentioned, please take the time and make the effort to read all the terms and conditions of the online casino site you’re playing at.
Understanding Wagering Thresholds
Remember that it’s actually the wagering requirement that is deciding exactly when you’re able to withdraw your bonus. If, for example, you have a wagering threshold that says 3 x, then you’ll need to wager at least 3 x your total amount of bets before you can withdraw your bonus. With the lower threshold of the wagering requirement of say, 10 x or 20 x, this is perfectly doable. But when you come across a 50 x wagering requirement, the possibility of withdrawing your bonus begins to look increasingly difficult. Of course, at the end of the day, if you’re able to withdraw the bonus, it can certainly increase your jackpot winning chances.
The Concept of Wagering Requirements And Time Limits
Another very important factor to keep in mind is that most bonuses will come with time limits. Most casinos will allow you between 30 to 90 days to make use of the offered bonus. You’ll find the exact time limits located in the terms and conditions. Let’s have a look at another example to see how this works. Let’s imagine that you are playing at an online casino that offers a bonus with a wagering requirement of 20 x. And this must be fulfilled within a 30-day time limit. Now you deposit $100 and get $100 to play at the online casino. What does this mean in real terms? It means that you need to gamble $2,000 within 30-days. If not, then all winnings will be invalid. Resulting in the cancellation of your deposit monies.
As you can see, there’s no such thing as a free lunch at an online casino. Obviously, the casino is not a charity. They’re not going to just give you money and let you withdraw it from your online account straight away. Another factor is that they cannot offer you gambling funds and then have you sit on them for an indefinite period of time. Today you’ll find that all the best casino sites to play will offer bonuses that will come with a fixed time limit. A good example is with one of our favourite casinos, King Billy Casino. They have a 48 hour limit for slots bonuses. For other casino games, the time limit is 30 days.
The Concept of Play Through Rates and Game Weighting
There are many gamblers who have never even heard of the term “game weighting.” This is an essential concept to understand if you’re going to be placing any bets at an online casino. Game waiting is the number of bets which will count against meeting the initial bet. Within a given time period. OK, that does sound rather complicated. So let’s have a look at an example. Suppose you’re playing the slots. Now, most online slots accounts will require a 100% wagering requirement. So with every penny you bet, you’re actually working towards fulfilling the wagering requirement. Now casino table games rarely count as 100%. Many of the games, such as online roulette and online blackjack, will have game weightings of around 70%. This means the 70% will count against any wagering criteria for every group of 10 games that you play.
With many online casinos, you’ll find that the casino bonuses will have their own terms and conditions. It’s important to check which jackpot games are allowed to be played to make use of the offered bonus. On the whole, because slots are by far the most popular game at the online casino, then virtually all bonuses will cover this game. When you decide to play a casino table game for example, then you’ll need to also consider whether you wish to fulfil the wagering requirement criteria. Keep in mind that player weighting will add another layer to the definition of wagering.
The Importance of Understanding Wagering Requirement Terms
There are probably going to be very few sinking feelings that approach that of the sheer disappointment of having played with a casino bonus. Only to later discover that you have not fulfilled the playing wagering requirement criteria. So after taking the generous casino bonus, you were either unaware of or failed to understand the bonus rules. Or were unable to complete the bonus playthrough for whatever reason. This can result in all winnings and bonuses being removed from your account. Keep in mind that the terms and conditions of the bonus will also give a strict list of rules that are applicable to bonuses. If at any time during the gameplay you violate any of these rules then expect to see the bonus and any winnings confiscated. So read everything carefully to avoid any disappointments.