Let’s face it - all online casinos want to make steady profits and they will go to any lengths to make it happen. Facing excessive losses over time due to casino bonus abuse, wagering requirements were introduced by online casinos for players to get the bonus. It is usually specified as a number with the letter ‘x’. For instance, a wagering requirement of 40x means that the player must wager 40 times the bonus amount to withdraw their winnings.
Wagering requirements - also commonly known as play-through requirements - act as a deterrent against abusive players and is way for online casinos to prevent players from getting the bonus and walking away with their money. More importantly, it keeps criminals from using casino bonuses in order to launder their illegal proceeds. Hence, players need to satisfy the wagering requirements to be able to cash out their winnings.
This multi-pronged strategy is adopted by all online casinos and is clearly mentioned in the Terms & Conditions of each bonus offer. Therefore, before you decide to use the casino bonuses, it’s imperative that you take a closer look at the wagering requirements being offered. By doing so, not only will you be able to understand how the system actually works in practice, but also not be surprised later on with the play-through demands.
For players who have just started out with online gambling, one of the most common mistakes you are likely to make is: increasing your wagering requirements by using your bonus funds on the wrong casino games. While players would understandably see roulette or blackjack as simple games for clearing their wagering requirements, it’s actually the opposite!
As you probably may know already, the wagering percentage of a certain casino game contributes to the overall wagering requirements. This, however, is going to differ from game to game. For instance, if you are playing a game that contributes 50% towards the play-through, a wager of twice as much needs to be placed to fulfill the requirement.
Game contributions towards the wagering requirement are often more complex on games such as Roulette, Blackjack, and Baccarat because they only contribute 50% or less to the overall wagering requirement. For instance, when you play at Microgaming powered casinos, you will notice that Blackjack only contributes 8% to the wagering requirement.
Do you know what that means? If you accept a bonus and play any one of the aforementioned table games, the wagering requirement will be significantly higher than what is originally stated. If you love to play slots, however, you will be glad to know that they contribute 100% towards the overall wagering requirement - isn’t that straightforward?
Low Wagering Bonuses
Although we can understand the need for online casinos to have wagering requirements (even though we might dislike them), as players we are always going to wish that they didn’t exist because it would just make things so much easier. Some online casinos, however, make this dream come true and offer bonus money or free spins without having those pesky requirements to fulfill.
This presents players with a number of advantages. First, by playing at online casinos with low or no wagering requirements, players have a realistic chances of winning back their money. Withdrawals can be made easily once the low wagering requirement is fulfilled, and will feed satisfied after depositing your winnings into your bankroll.
Second, with there being wagering requirements to meet, your money is tied up indefinitely and since you need to play that bonus cash a certain amount of times first, a chance of losing your money before the play-through requirements are met also persists. Lastly, you don’t have to play a certain game for hours to clear the requirements and can withdraw your winnings almost instantly!
As we conclude, we would advise players to research properly before depositing into an online casino and accepting their bonus cash - you should ask yourself whether you have a realistic chance of winning with your bonus! You can know what you are getting into by evaluating the wagering requirements of that casino. All you have to do is visit their Terms and Conditions page, and see if the play-through requirements are reasonable.
Alternatively, you could just play at an online casino that offers low or no wagering requirements. Not only will you be able to withdraw your winnings almost immediately, but also have a good chance of winning back your money. Furthermore, you can also make sure that your money isn’t lost before the wagering requirements are met - wouldn’t all that be great?