Wagering requirements explained
Wagering requirements are terms and conditions set by a casino operator against a casino or sportsbook bonus offer guiding the convection of the bonus amount into a withdrawable fund. The section below explains the true meaning of wagering requirements in details.
Wagering-what is it?
In simple terms, a wager is a bet placed on gaming event. Therefore, wagering can be described as the act of betting on an outcome of an event or a game. Note that a wager can be made in the form of real money or in the form of free units. Casino Bonuses and promotions are highly likely to have wagering requirements. So, when you place a bet using real money or virtual coins, then that is referred to as a wager. You also need to understand that an activity is only referred to as a wager when you place a bet successfully. Otherwise, it’ll not qualify as a wager.
How do wagering requirements work?
The wagering requirements work in a rather straightforward manner. First, you must ensure that you accept the qualifying bonus and the bonus amount added into your account. You’ll then check the wagering requirements specifying the number of times you must bet the bonus amount. This condition is normally used by casinos and sportsbooks and may vary between casinos. If all the wagering requirements are fulfilled, the bonus amount will be converted to withdrawable cash.
Calculating wagering requirements
Wagering requirements can vary from one operator to another. It is a multiplier. For instance, if the wagering requirements are X20, it implies that you must wager your bonus 20 times. Unless you do that, you haven’t met the requirements. Unfortunately, that way, you won’t be able to withdraw your bonus winnings. Additionally, you should ensure that you win all the twenty wagers to make real money playing online casinos. We would also like to point out the fact that wagering requirements might have some odds required so that they can be counted as real bets. Consider looking around for a wagering requirements calculator in order to figure out the odds and how to best beat wagering requirements.
Most common wagering requirements
There are different types of wagering requirements. The multiplier will vary based on a number of factors, such as the type of bonus and the terms and conditions of the online gambling company. We would like to share with you important details about the most common types of wagering requirements. Keep reading to learn more.
Game Eligibility
This is a common type of wagering requirement. When playing online, you can qualify for a given type of bonus. In some cases, the bonus can only be attached to specific types of games, such as reels, slots, or table games. Now, you can’t use such a bonus to play a game for which it is not meant. Once you spot a game which is eligible for the bonus, you can go ahead and check out the wagering requirements. The next thing is to ensure that you play and meet all the number of wagers required. This will unlock the ability to withdraw all your bonus winnings.
Time Limits
Time limits is another common phrase commonly used in the online gambling industry. It is the best way used by a casino to ensure that the bonuses are used as soon as possible. This way, they attach time limits on them. For instance, if the time limit is seven days after getting the bonus, then you must wager it before that period elapses. Otherwise, you’ll forfeit your bonus. It’s also safe to mention that it is a way of regulating the time spent gambling. In that case, you need to keep the time limit in mind to stay on the safer side at all times.
One bonus at a time
One bonus at a time is a phrase used by companies to imply that players can only meet the wagering requirements of one bonus before moving on to the next one. For example, if you have more than one bonus active on your account, each of your wager will only affect one bonus until all the number of required wagers are met. Normally, this is done to avoid possible confusions or time overlap. It also helps players meet the time limits easily without getting confused in the process of attempting to utilize their bonuses.
Wagering vs Non-wagering
Wagering
- Wagering requirements have strict conditions that have to be met before the bonus winnings can be withdrawn
- Each game contributes differently in ensuring that the wagering requirements are met
- There are time limits, which means you must meet the wagering requirements within a specific period
- There is bonus abuse prevention to see that gamblers don’t abuse the bonuses by instantly withdrawing them
- In some cases, the bonus requirements can be complex to understand
Non-wagering
- In this case, you can withdraw your bonuses without meeting any wagering requirements
- The bonuses terms and conditions are easy and straightforward to understand
- They are player friendly since they are flexible and come with less risk
- They have lower bonus amounts
- Non-wagering bonuses are less available for players
What bonuses have wagering requirements?
Wagering requirements are not the same for all types of bonuses. Also, not all bonuses and promotions have wagering requirements. Therefore, it helps to understand what to expect when dealing with the bonuses. Some bonuses have low requirements, while others have many wagering requirements. We have shared the necessary details below to help you make informed decisions.
No-deposit bonuses
No-deposit bonuses offer an easy way for online gamblers to make money online. This type of bonus doesn’t require you to deposit funds into your casino account. All you have to do is set up an account and you are good to go. However, the no-deposit bonus requires that you wager your bonus a certain number of times to withdraw any winnings made. Also, this type of bonus might have high or low wagering requirements attached. Thus, make sure you get your facts right before making the next steps.
Free Spins
Free spins are also prevalent in the casino industry. This type of bonus is normally available for those who want to play slot games. The bonus spins are important because they help you have more attempts at making money online. But some free spins are game-bound, which means you can only use them for specific slots. However, they also do have wagering requirements that must be met. In that case, always ensure that you have your eyes on the number on the wagering attached indicated on the bonuses. The number of free spins received will vary from site to site as well as the winnings derived.
Promo Codes
Promo codes are vital in the online gaming space since they help you access a number of features that might enhance your overall gaming experience. For example, using the promo codes, you can unlock free spins, cashback, and competitions that might help you improve your winning streak. Thus, it is safe to mention that promo codes allow you to unlock many exciting features. However, once you get those features, you’ll notice that they have wagering requirements. This is to prevent you from misusing the important features. To get the promo codes, make sure you check your gambling account from time to time as you pounce on the opportunities as soon as they become available.
Deposit match bonuses
Deposit match bonuses are also a type of promotion that you need to take advantage of. So how do they work? Once you deposit money into your account, you might qualify to receive a given percentage of your deposit amount. This will be credited into your online gambling account. Note that each casino operator has a cap on the percentage you can get as a deposit match bonus. Once you get the bonus, you must wager the same a given number of times. Until then, you won’t be able to withdraw your bonus winnings.
Cashbacks and rebates
If you have been using a certain gambling company for some time, then you qualify for cashback. But this might also not be possible if your choice of gambling company doesn’t have such arrangements. Rebates can also help you get some cashback, only that it requires a lengthy process. Now, these two types of bonuses can help you have a good experience on the platform. But you must again meet the wagering requirements to get your bonus winnings.
Meeting wagering requirements and beating them
While it might be easy to get your bonuses and promotions, not all players can meet the wagering requirements and beat them. Thankfully, there are ways around this, and that is why we have compiled the below section. we detail how to go about handling the wagering requirements without breaking a sweat.
Terms and conditions
There are always terms and conditions. The terms and conditions are always clearly written and you can contact the support team if you have any questions. After receiving your bonuses and promotions, ensure that you read and understand the terms and conditions. Do this as you work towards beating the wagering requirements and you might emerge successful. It helps to remember that the terms and conditions may change over time or vary between bonuses, so make sure you’re up to date at all times. That way, you can always be a happy online player while keeping the bonus terms from the bonus offers in mind.
Choosing the right casino
Another great technique of beating the wagering requirements is by choosing the right casino. By doing so, you can be lucky to get great bonuses and promotions without trying too hard. If you’re lucky enough, you can get one that offers easy terms and conditions, such as low wagering requirements. The lower the requirements, the easier the process of trying to beat them. To choose the right casino, you want to check online reviews on credible platforms. You might also want to check their sites to see that they have what you are looking for.
Choosing the right game
If you want to beat the wagering requirements, you need to choose the right game. By doing this, you can be lucky to get amazing bonuses and promotions with easy terms and conditions. This can make it easier for you to meet all the requirements and make more money online. You can choose between slots, table games, live dealer games, etc. However, you need to ensure that you choose a game that you’re familiar with.
Playing with strategy
Each game require a different strategy. Thus, before moving forward, try to understand how each game works and what you need to do. That way, you can easily stay on track as you strive to meet all the wagering requirements. To do this, attempt the free demos available on the main websites. This helps you understand how the games work. At the end of the day, you’ll increase the chances of winning most of your bets.
Know when to opt-out
Online gambling can be addictive. Thus, it is vital that you know when to opt-out. That way, you can easily reduce the chances of losing real money. Knowing when to stop is also a good strategy that can help you manage your bank. Suppose you don’t master this art, you might not be able to meet all the wagering requirements because you’ll lose before you get there. If you feel that gambling has become a problem, feel free to seek help from the support team.
Conclusion
All players are supposed to understand the wagering requirements to avoid making unnecessary mistakes when playing online casino games. For instance, you need to get familiar with the attached terms and conditions so that you enhance the chances of making money online. The other technique is by choosing your games carefully and understanding the game techniques. We hope this piece helps you make the right decision in the future.
Wagering requirements FAQ
What is a wager amount?
The wager amount is the number of times you need to bet your bonus before you are able to withdraw your winnings. The wager amount is vital for the casino operators as it prevents the abuse of the bonus and promotion offers.
What does wagering mean?
Wagering is another word for betting or staking. It is essentially the amount of money you place on the outcome of a casino game. In case you have your bonus and you bet it, then that can be termed as a wagered bonus. The terms can be used interchangeably.
What is a cashable no-deposit bonus?
This is a type of promotion that allows players to redeem their bonus winnings into the main betting accounts. While this can be a great way to make money, a cashable no-deposit bonus is not very easy to come by these days. But you can still leverage the same if you make your decisions carefully.
What does 10x mean?
The 10x implies that you must wager your bonus at least ten times. Where you don’t meet this requirement, you will be unable to withdraw any of your bonus winnings. Note that you must also win each of the ten wagers to emerge victorious.
Can I withdraw winnings from a free bet?
Yes, you should be able to withdraw your winnings from a free bet. Provided you’ve met all the terms and conditions, you should be able to withdraw all your free bet winnings without any problem.
Do wagering requirements only come with bonus money?
This greatly depends on the company. However, it is safe to state that most of the time, the wagering requirements only come with the bonus money. Again, we would like to point out that each operator is unique, but more than 90% of wagering requirements come with the bonus money.
