Before diving into wagering requirements, it’s important to understand what a wager is and what wagering means.
In simple terms, a wager is the amount you bet or stake on something.
Wagering refers to the total amount of money placed on each card hand or spin of the reels during an online casino game. It can also represent the overall amount you bet within a particular session.
What is a wagering requirement?
A wagering requirement is a necessary condition, set by online casinos or gambling platforms, that requires players to bet a specific amount of money before he or she can withdraw any winnings from their bonus. This method is used to keep players loyal to the platform and encourage them to play for a certain amount of time before withdrawing their winnings.
For example, If you receive a $10 bonus with a 20x wagering requirement, you must place bets totaling $200 (10 x 20) before you withdraw your winnings.
Let’s understand what is 20x
20x, 40x, and 50x are called multipliers. These numbers specify how many times you must bet the bonus amount before being eligible to withdraw any winnings.
Let’s understand this concept with the help of example :
John signs up for an online casino and receives a $50 deposit bonus to get him started. However, to withdraw any winnings from this bonus, he needs to meet the 20x wagering requirement.
Here’s how it works:
John’s deposit bonus is $50, and the casino has set a 20x wagering multiplier. This means John needs to wager the bonus amount 20 times before he can withdraw any of the winnings.
Let’s break it down:
- Bonus Amount: $50
- Wagering Multiplier: 20x
- Total Wagering Requirement: To unlock the bonus for withdrawal, John needs to wager his bonus amount multiplied by the wagering multiplier (20x).
So the formula to calculate the wagering requirement here is:
$50 x 20 = $1,000
Types of Wagering Requirements
Online casinos have different wagering requirements depending on the type of bonus offer. Knowing all the different types would be very beneficial for you to find the best gaming strategy. Each form of wagering requirement comes with its unique advantages and difficulties.
Although deposit and bonus wagering might seem to be more significant, bonus-only wagering and no-wagering bonuses are the types of bonuses that challenge the player less.
There are some common types of wagering requirements:
1. Deposit + Bonus Wagering
Deposit + Bonus Wagering refers to the total amount of money a player needs to wager before they can withdraw winnings earned from a bonus. It combines both the player’s deposit and the bonus amount into the wagering requirement.
Example: If you deposit $50 and then get a $50 bonus with a 20x wagering requirement, the total wagering requirement is calculated both upon your deposit and the bonus.
Calculation:-
($50 deposit + $50 bonus) x 20 = $2,000
That means you need to play a total of 2,000 dollars before you can cash out any profits.
2. Bonus-Only Wagering
The bonus-only wagering comes with a wagering requirement that is only applicable to the bonus amount you receive, and not to the initial deposit amount you make.
Example: You deposit $50 and receive a $50 bonus with a 20x wagering requirement. In this case, you only need to wager the $50 bonus amount, not your deposit.
Calculation:-
$50 x 20 = $1,000
You need to bet $1,000 before you can withdraw any winnings from the bonus.
3. Free Spins Wagering
Free spins are a frequent kind of bonus provided by casinos and the money you can win from them is most usually, subject to wagering requirements. In this case, you need to wager the winnings earned from the spins.
Example: You get 50 free spins, and any winnings from those spins are subject to a 30x wagering requirement.
Calculation:-
If you win $20 from the free spins, you need to wager that $20 30 times before you can withdraw any winnings.
$20 x 30 = $600
So, you need to bet a total of $600 before you can withdraw your $20 in winnings.
4. Wager-Free Bonuses
Some casinos provide no-wagering bonuses, meaning they come without any wagering requirements. Once you win, you can withdraw the bonus money without any restrictions or conditions.
For example: You receive a $50 no-wagering bonus, and any winnings you make from that bonus are instantly available for withdrawal without any wagering.
Now that we’ve covered the different types of wagering requirements, let’s dive into how various casino games contribute to meeting those requirements.
Top Games to Help You Fulfill Your Wagering Requirement
Choosing the right games can significantly speed up the process of meeting your wagering requirements. Some games contribute more than others, making it easier to fulfill the necessary conditions. Below are the top games to help you achieve your wagering goals efficiently:
1) Slots
Slots are the primary game type that most online casinos rely on to fulfill wagering requirements. They usually contribute 100% to the wagering condition, meaning that every dollar you wager on a slot game counts fully towards clearing the bonus.
For example, if you need to wager $1,000 to meet a bonus requirement, and you play a slot game, the entire $1,000 bet would count towards this.
Slots tend to have a higher house edge, which can make them a bit tougher to wager on. But they usually count the most toward meeting wagering requirements. Even with that higher edge, many players enjoy the fast-paced action and the thrill that slots bring, making them a popular choice for a good time.
2) Table Games
Table games like blackjack, roulette, baccarat, and poker contribute less to the wagering requirement compared to slots. Typically, they account for only 10 to 20% of the wagering progress. This means that when you place a dollar bet on these games, only a small portion of it counts toward fulfilling the wagering requirement.
For example, if you bet $100 on blackjack and the table game contribution is only 10% of the full amount, only $10 will count toward the wagering requirement. Since table games are typically skill-based game and often have a lower house edge compared to slots, online casinos limit the contribution of table games to prevent players from relying entirely on them to meet wagering requirements.
3) Live Casino Games
Live casino games, which include live dealer versions of blackjack, roulette, baccarat, and other games, tend to have a lower contribution percentage compared to slots. The percentage can range from 10 to 20%, similar to regular table games. This is because live casino games involve real dealers and are typically more interactive and slower-paced, making it easier to accumulate large amounts of wagering in a short period.
The contribution percentages for live games can vary from one casino to another, and some casinos may exclude live casino games entirely from contributing towards wagering requirements. Players should always check the terms and conditions before playing live dealer games to ensure they’re contributing appropriately.
4) Other Games
In addition to slots, table games, and live casino options, some casinos offer other games like video poker, scratch cards, or virtual sports. The contribution of these games can vary widely depending on the casino’s policy. Some may contribute fully (100%), while others might contribute partially or not at all.
Tips and Strategies for Meeting Wagering Requirements
For players, meeting wagering requirements can feel like a challenge, but with the right approach and understanding of the operator’s rules, it becomes much more manageable.
Here are some practical tips to help you meet these requirements efficiently.
1) Understand the Brand’s Terms and Conditions
Each operator has its own set of rules for wagering requirements. Be sure to carefully read the terms and conditions, paying close attention to details on game contributions, time limits, and bonus-specific restrictions in order to plan your gameplay effectively.
2) Choose Games with High Contribution Rates
Most brands specify the contribution rates of different games toward wagering requirements. Slots typically have the highest contribution, often 100%, making them an ideal choice for clearing bonuses faster. Table games like blackjack or roulette usually contribute less, so balance your choices wisely.
3) Prioritize Bonuses That Align with Your Playstyle
Operators often offer various bonuses, such as free spins or deposit matches. Select the ones that best match your preferred games and playing habits. For instance, if you enjoy slots, opt for a free spins bonus to maximize your chances of meeting the requirements.
4) Track Your Progress
Many iGaming operators include a progress tracker in their platform to show how much of the wagering requirement you’ve completed. Use this feature to monitor your progress and adjust your strategy as needed.
5) Avoid High-Variance Games if Time Is Limited
If the operator sets a strict time limit for meeting the requirements, focus on games with steady payouts rather than high-variance games. This strategy helps maintain your balance while consistently contributing toward the requirement.
6) Engage with Customer Support for Clarity
Reputable operators provide 24/7 customer support to assist players. If you have questions about how a specific game or bonus contributes to the wagering requirement, don’t hesitate to reach out for clarification.
By understanding the brand’s policies and applying these strategies, you can make meeting wagering requirements a smoother and more enjoyable process while enhancing your overall gaming experience.
Summing Up
We know that wagering requirements can feel a bit overwhelming at first, but once you get the hang of them, they become a crucial part of making the most of your online casino experience.
By understanding the terms and choosing the right games, you can maximize your bonus potential and enjoy the game more. With a little effort, you’ll be able to unlock the full potential of every bonus that comes your way.
