Wagering Requirements
While engaging in online slots, players frequently face Wagering Requirements term and wonder what it means. Wagering requirements are a regular feature of online casino promotions, specifying the number of times you need to bet a bonus before winnings withdrawal.
This review aims to clarify basic wagering concepts and their function in casino games. Keep reading to discover more.
What are Wagering Requirements
Wagering requirements represent the number of times you play through your bonus before withdrawing any winnings. These requirements are outlined in Terms & Conditions of each website, and vary for different games and bonuses.
At times, these requirements are referred to as rollover or playthrough conditions. However, online casinos typically use playthrough, while sportsbooks use rollovers. Wagering terms differ based on the company’s rules, games you play, and bonuses you receive.
Finally, if you don’t fulfill the wagering requirements, you won’t be able to convert your bonus funds into withdrawable cash.
Types of Wagering Requirements
Wagering requirements come in various forms, and each type of requirement comes with distinct terms and conditions. Time limits vary, and certain games are excluded from contributing to specific conditions. It’s crucial for players to carefully read and comprehend the terms and conditions to learn how these requirements relate to particular bonuses.
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Bonus Wagering Requirements
This is the most common type, applicable to welcome offers, reload, and deposit bonuses. These requirements specify the necessary wagering amount and eligible games for using the bonus funds.
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Free Spins Wagering Requirements
These conditions relate to free spins bonuses often included in welcome packages or standalone offers. They outline the wagering amount required from the awarded free spins winnings.
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No Deposit Wagering Requirements
On bonuses without a deposit obligation, these requirements detail the wagering amount before any winnings are withdrawn. Such bonuses might be part of welcome offers or separate promotions.
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Cashback Wagering Requirements
Cashback bonuses, typically tied to loyalty programs or VIP benefits, have their own wagering conditions. These conditions stipulate the wagering amount necessary before cashback funds can be withdrawn.
How Wagering Requirements Work
Online casinos typically set playthrough requirements between 35 and 70 times, meaning wagering your bonus or the total received amount by 35 or 70 times.
For instance, let’s consider a 40x wagering requirement:
Imagine you placed a 10 NZD bet and unlocked a 100% deposit match bonus, giving you an extra NZ$10 to play with. If the site’s requirement is 40x for the total amount, you bet the entire $20 NZ dollars 35 times before withdrawing any winnings. This equals a total of 800 NZD (40 x $20). After this, your winnings become withdrawable.
Some sites apply wagering requirements only to bonus amounts (non-sticky promos). In such cases, you wager only 350 NZD (35 x 10 NZD).
How to Fulfill Wagering Requirements
Wagering requirements exist to safeguard online casinos and sportsbooks, but players adopt strategies to optimize their bonuses and improve their odds of withdrawing winnings.
- Seek Lower Wagering Requirements: To overcome wagering requirements more easily, look for bonuses with lower requirements. Some platforms offer deals with as low as x10 wagering, so comparing offers leads to a favorable option.
- Play High RTP Games: Games with a high Return to Player (RTP) percentage offer better winning odds. Slot games often have high RTP percentages and are commonly used for wagering.
- Choose Low House Edge Games: Games like blackjack and baccarat with low house edges provide better winning chances. These games increase the likelihood of fulfilling wagering requirements and withdrawing winnings.
- Avoid Bonus Hunting: Stay away from bonus hunting, which involves exploiting promotions unethically. Casinos and sportsbooks have ways to detect and stop bonus hunting, and it might lead to account suspension.
- Read Terms and Conditions: Always carefully review a bonus’s terms and conditions before claiming it. Understanding wagering requirements and other restrictions is crucial to prevent any surprises or disappointments later on.
Other Wagering Requirement T&Cs
Make sure to review casinos terms and conditions (T&Cs) before placing your deposits. This section outlines additional factors that affect or restrict your wagering. Various sites impose different timeframes, minimum wager amounts, or game limitations. Moreover, specific playthrough requirements apply to free spins or other promotions.
- Game Contribution: Different games contribute differently to meeting playthrough requirements. Typically, slot games contribute 100%, meaning a 35x wagering requirement remains the same when betting on slots. However, table games or live dealer games contribute 50% or 10%.
- Time Limits: Time limits are crucial in influencing your bonus wagering. Some websites specify timeframes for wagering free spins or entire bonus amounts. Time limits vary between 7 and 60 days for bonus wagering, and sometimes, players have only 24 hours to wager their funds.
Furthermore, gaming operators might spread out free spins over multiple days. For example, you receive 100 free spins as a welcome offer and must wager 10% of them over 10 consecutive days. Always refer to each company’s T&Cs to understand the wagering time limits.