Seasoned online casino gamblers are no stranger to wagering requirements. Even newbies who’ve researched about betting at online casinos must have also encountered the term at some point. Be that as it may, the concept of wagering is something that is not easy to comprehend.
If you’re one of those who find the term mind-boggling, then this article is for you. We’ll explain what are wagering requirements in a digestible way and share with you some tips to beat them. After reading this article, you won’t be scratching your head in confusion next time you hear the term again.
Wagering Requirements Defined
First things first, let’s get the definition out of the way. Wagering requirements are the total number of times the casino requires you to play through the bonus you received before you can withdraw any winnings.
Nearly every bonus online casinos offer comes with a wagering requirement. So, if you’re searching how to withdraw bonus money without playing it through, chances are you won’t find an answer. You must fulfill the wagering requirements first.
Sounds unfair, but it’s not. You can’t expect the casinos to give you something without anything in return, would you? Remember, they aren’t nonprofit organizations. Besides, those are free money you received. If you can withdraw those too easily, all casinos will be out of business in no time.
How To Bet To Fulfill The Wagering Requirements?
Now that you know what wagering requirements are, you need to learn how to fulfill them to make a withdrawal. First, you must know how to calculate them. Let’s have an example for you to better grasp the concept. So, let’s say you want to take advantage of a casino bonus of 100% up to $100. That means when you deposit $100, the casino will match your deposit 100%.
So, you’ll have a total of $200 in your casino account. Cool, isn’t it? However, the casino placed a 10x wagering requirement which means you have to play through the bonus 10x. Does that mean you’ll just bet 10x and you can withdraw your bonus money afterward? Not quite.
To get the specific number of times you need to wager, you have to multiply the bonus by the wagering requirements. In our example above, the rollover (wagering) requirements will be $100 (bonus) x 10 (wagering requirements), which is $1,000. So, you need to wager a total of $1,000 before the casino allows you to make a withdrawal.
In some cases, the casino will also require that you play through your deposit plus the bonus. Using our example above, your rollover requirements will be $200 ($100 deposit + $100 bonus) x 10 (wagering requirements). The total of which is $2,000.
How Does Betting To Meet The Wagering Requirements Work?
To fulfill the wagering requirements, you must bet using the bonus money until you reach the target amount. Sounds simple. However, if you’re thinking you can place a huge amount of bets to get it done and over with, you’re wrong. Most online casinos will put a max bet limit when you’re playing through your bonus. They will only allow you to make small bets at a time to complete the wagering requirements.
Another thing to keep in mind is the game weighting. Online casino games will have different weights in terms of contribution to the wagering’s completion. Casinos decide on this, and you’ll find it stated in their terms and conditions. It’s best that you know how much a particular game will contribute to the wagering requirements. That way, you can make a smart assessment on how to play through your bonus effectively.
Conclusion
You might think that rollover requirements are a total boon and not taking the bonus to avoid this playthrough hassle is a wise decision. However, the truth is that the bonus gives you somewhat of an edge over the casino. You’ll be able to play longer, giving you more chances to hit a big win. Make sure you don’t break any rules in the terms and conditions, and you’ll be well on your way to completing those playthrough requirements in no time.
However, if you’re adamant against fulfilling wagering requirements, then look for casinos offering a no-wagering bonus. We suggest our casino toplist page as a good place to start your hunt.
Wagering Requirements FAQ
Why do online casinos implement wagering requirements?
First, as we’ve mentioned above, casinos need to earn money to stay in business. Second, they need to safeguard themselves from bonus abusers. Last and more importantly, it’s a way to prevent money laundering. With the wagering requirement in place, no one can deposit a large amount of cash and then withdraw it disguised as winnings.
What game contributes the most to meeting the wagering requirements?
Games’ weight varies from one online casino to another. However, you’ll find that slots will almost always contribute 100% to your wagering requirements. Be wary though of what slots you play. There will be slots that the casinos will exempt, which means they will not contribute at all to your meeting the rollover requirements.
Does playing through the bonus guarantee a win?
Absolutely not. You must understand that you are still gambling when betting to fulfill the said requirements. No bonus money or play-through rules can affect the outcome of the game. When gambling, it’s always your luck that will determine if you’ll win or lose.
Are there any other factors that affect the wagering requirements?
One more thing you need to check is if the casino placed an expiration date on the playthrough requirements. An expiration date means you need to complete the rollover requirements on or before that date. Otherwise, the casino will forfeit your bonus altogether.
What else in the terms and conditions should you pay attention to?
You should pay close attention to everything that’s written in the terms and conditions, especially the fine prints. We can’t emphasize this enough. We’ll even go as far as suggesting that you take a screenshot of those for your protection.
