Wagering Requirements Explained
Casino wagering requirements are frequently misunderstood, especially amongst gamblers who are new to the online casino industry. However, it is important to understand wagering requirements as almost every casino bonus has at least some kind of wagering requirements attached to it.
When a player registers with a casino online, they are often entitled to a casino deposit bonus or welcome package. Usually consisting of deposit bonuses, free spins or a combination of the two, new player bonuses can be exciting offers indeed and are a highly effective incentive for keen slots players to sign up. After all, who doesn’t appreciate a generous freebie?
However, as the classic phrase goes; “nothing in life is free”, and the majority of these attractive bonuses have important wagering requirements attached. These playthrough requirements are a set of conditions imposed on the bonus and/or free spins offer, which the player has to adhere to in order to get their hands on the desired bonus and any subsequent winnings. The wagering requirements determine how much cash you have to stake in order to be in a position where you can claim your bonus and profit. For instance, if you claim a £100 bonus with wagering requirements of 20x, you would be required to place £2,000 worth of stakes before you are able to withdraw the £100.
How Do I Meet Wagering Requirements?
To meet the wagering requirements of an online casino bonus, you should first familiarise yourself with the bonus terms and conditions. Find out your wager target (see Wagering Requirements Calculator below) and which games are eligible; this information should be provided within the terms and conditions. Then simply place bets on eligible slots and casino games until you reach the wagering target. If your total stakes reach the target, you have met and completed the wagering requirements. Your bonus cash will be turned into real money, which you are able to withdraw.
Bear in mind, however, that many online casinos often add a maximum bet condition which is in place while you are completing the wagering requirements. This prevents players from placing just a few giant stakes in an attempt to reach the wager target quickly. This results in the player having to place many small bets at a time; quite often the maximum bet limit is £5.
Ultimately, wagering requirements make it difficult for players to withdraw bonus cash.
No Wagering Requirements
While all of the above may sound pretty gloomy for new casino players looking to lap up bonuses aplenty, we also have good news! There are online casinos out there that offer bonuses without wagering requirements attached. These bonuses usually aren’t quite as generous, naturally, but more upfront as players are able to keep 100% of their bonus and winnings.
When you choose a no wagering casino bonus, you needn’t calculate your wager target or keep your eye on wagering progression, therefore this type of bonus is the ideal pick for an online casino newbie. Furthermore, no wagering bonuses can offer free spins and bonus cash, which enable the player to get started on top slots and casino games without having to wager their own real money.
Online casinos that offer bonuses with no wagering requirements are rarer than those that offer bonuses with strings attached; nonetheless, they still exist. Check out our in depth Spin Bonus casino reviews for the latest trusted and recommended online casinos with no wagering welcome bonus offers.
Wagering Requirements Calculator
If you have opted to sign up to a casino with a bonus that has playthrough requirements attached, you will need to calculate your wager target. This is where players can often find themselves confused, as the amount of bonus money depends on how much you decide to deposit. It’s easy to calculate, however. Follow our steps to easily determine your bonus wager target:
- Find out how much you need to wager to hit the target from the bonus terms and conditions; this is often stated as x20, x40 or similar.
- Multiply your bonus money figure by this number to determine the wagering requirement target.
Here are some examples:
- You take a bonus offer of £50 with a wagering requirement of x40. This means that you must stake your bonus 40 times before it is withdrawable.
£50 x 40 = £2000
You must use your bonus money to bet £2000 before you can withdraw it.
- You take a bonus offer of £20 with a wagering requirement of x60. This means that you must stake your bonus 60 times before it is withdrawable.
£25 x 60 = £1200
You must use your bonus money to bet £1200 before you can withdraw it.
Best Slots for Wagering Requirements
In order to beat the wagering requirements of a bonus, players look to play slots with minimal losses in order to reach the target more quickly. The slots which will provide the best chance for this are low volatility games with a high Return to Player rate. Look for popular slots with a high RTP rate of 96% or higher, such as Thunderstruck 2 by Microgaming, which has an RTP of 97%, Gemix by Play ‘N’ Go with 96.7% RTP or Starburst slot by NetEnt with an RTP of 96.10%.