When you’re looking to sign up for a new casino, one of the most important things to look at is the wagering requirements. This number tells you how much you’ll need to play through before being able to withdraw any winnings.
Not all casinos are created equal, and some have much higher wagering requirements than others. In this blog post, we’ll teach you how to understand and compare wagering requirements so that you can find the best casino for your needs!
What Are Wagering Requirements?
The wagering requirements are the amount of money that you’ll need to bet in order to withdraw any winnings from a casino bonus. For example, if a casino has a wagering requirement of 30x, it means you’ll need to bet 30 times the bonus amount before you withdraw your winnings. So, if you received a $100 bonus, you would need to bet $3,000 before being able to withdraw any of that money.
Not all games contribute equally to the wagering requirements. For example, slots will usually contribute 100% while table games like blackjack might only contribute 20%. That means you’ll have to bet five times as much money on slots to meet the wagering requirements.
Why Do Casinos Have Wagering Requirements?
Wagering requirements exist to protect casinos from being taken advantage of by bonus abusers. If there were no wagering requirements, players could simply sign up for a casino, receive the bonus, and then immediately withdraw their winnings.
By having wagering requirements in place, casinos can be sure that players are actually interested in playing the games and not just looking to make a quick buck.
How Can I Compare Wagering Requirements?
When you’re comparing wagering requirements, there are a few things to look at. First, you’ll want to look at the actual number. A lower number is always better than a higher number. For example, a wagering requirement of 30x is better than a wagering requirement of 40x.
You’ll also want to look at the games that contribute to the wagering requirements. As we mentioned before, some games like slots will contribute 100% while others like blackjack might only contribute 20%. If you’re a fan of table games, you’ll want to find a casino with a higher contribution percentage for those games.
Finally, you’ll want to look at the time limit for meeting the wagering requirements. Most casinos will give you a certain amount of time to meet the requirements, and you’ll want to make sure that you can actually meet them within that time frame. If you can’t, then the bonus isn’t worth it.
Bonus abuse is a serious issue in the online casino world, and casinos have to take measures to protect themselves from it. Wagering requirements are one of those measures.
How Do They Function?
To ensure that a player uses a bonus to abuse the system, casinos require players to bet a certain amount of money before they can withdraw any winnings.
The higher the wagering requirements, the less chance there is of bonus abuse. For example, let’s say a casino’s wagering requirement is 30x. That means a player would need to bet $3,000 before they could withdraw any winnings.
Most players wouldn’t be able to bet that much money without actually playing the games, which is what the casino wants. What’s the downside? The main downside of wagering requirements is that they can make it difficult to actually withdraw.
Are Wagering Requirements Avoidable?
Yes, there are some ways that you can avoid wagering requirements. The first is to simply not take a bonus. If you don’t take a bonus, you won’t have to worry about meeting any wagering requirements.
Another way to avoid wagering requirements is to find a casino that doesn’t have them. There are a few casinos out there that don’t have wagering requirements, and more seem to be popping up all the time.
However, these casinos are usually pretty small and might not have all of the games that you’re looking for. The best way to avoid wagering requirements is to simply choose a casino with low wagering.
Making A Calculation of Your Wagering Needs
Casinos require players to bet a certain amount of money before they can withdraw any winnings. The higher the wagering requirements, the less chance there is of bonus abuse. For example
If you deposited $100 and received a bonus of $100, you would need to bet ($100 + $100) x 30 = $6,000 before you could withdraw any winnings.
Assuming a wagering requirement of 30x, if you deposited $50 and received a bonus of $100, you would, let’s say a casino has a wagering requirement of 30x.
How To Calculate Wagering on Free Spins Winnings
When you win money from free spins, that money is usually subject to wagering requirements. That means you’ll need to bet a certain amount of money before withdrawing any winnings.
The good news is that calculating the wagering requirements for free spins is pretty simple. All you need to do is multiply the total amount of money you’ve won by the wagering requirement.
For example, let’s say you won $100 from free spins and the wagering requirement is 30x. That means you would need to bet ($100) x 30 = $3,000 before you could withdraw any winnings.
As you can see, the wagering requirements for free spins can be pretty high. That’s why it’s important to choose a casino with low wagering requirements if you’re looking to withdraw your winnings.
What Are Wager-Free Casino Bonus Offers?
Wager-free casino bonuses are becoming more and more common. These are bonuses that don’t have any wagering requirements attached to them, which means you can withdraw your winnings as soon as you want.
There are a few different types of wager-free bonuses. The most common is the no-deposit bonus. This is a bonus that you can receive just for signing up for an account. You don’t even have to make a deposit to get it.
Another type of wager-free bonus is the free spins bonus. This is a bonus that you can receive for making a deposit. The casino will give you a certain number of free spins to use on their slot games. You can also find wager-free bonuses that are attached to Welcome Bonuses.
These are bonuses that you can receive when you make your first deposit. The main advantage of wager-free bonuses is that you don’t have to worry about meeting any wagering requirements. You can withdraw your winnings as soon as you want.
The downside is that these bonuses are usually pretty small. They’re also not very common, so you might have to search around a bit to find them.
What’s the Best Way to Clear Wagering Requirements?
The best way to clear wagering requirements is to simply play the games that you enjoy. If you’re playing a game that you’re not really enjoying, you’re not going to want to keep playing it just to meet the requirements.
Instead, focus on finding games that you enjoy and play them as much as you can. The more you play, the more likely you are to meet the requirements. You might even get lucky and win some money along the way.
Why Do Wagering Requirements Exist?
Wagering requirements exist to prevent players from abusing bonuses. They’re also designed to make sure that players are actually playing the games and not just trying to withdraw the bonus money as soon as they receive it.
While wagering requirements can be frustrating, they’re there for a reason. You need to take them in stride and focus on finding bonuses that have low wagering requirements. That way, you’ll be able to withdraw your winnings as soon as you’ve met the requirements.
Where Can I Find More Information on the Wagering Requirement for a Casino Bonus?
The best place to find more information on the wagering requirement for a casino bonus is the casino’s website. They should have all of the information you need right there. You can also find this information in the terms and conditions of the bonus.
Be sure to read the terms and conditions prior to claiming any bonus, so you’re aware of the wagering requirements. Wagering requirements can be a pain, but they’re not impossible to clear.
Just focus on finding bonuses with low wagering requirements and playing the games you enjoy. With a little bit of luck, you’ll be able to withdraw your winnings in no time.
Conclusion
Wagering requirements are a necessary evil for most casinos. They help to prevent bonus abuse and make sure that players actually play the games. However, they can also make it difficult to withdraw your winnings.
If you’re looking for a way to avoid wagering requirements, the best thing to do is simply not take a bonus. Alternatively, you can try to find a casino that doesn’t have wagering requirements.
Finally, you can focus on finding games that you enjoy and play them as much as possible. Whatever you do, just make sure you have fun!