Wagering requirements are not so popular among online casino players. We can meet the wagering requirements at features like free spins, deposit bonuses and at some casinos even on deposits.
But nothing in the world comes for free, and that is why all these bonuses and free spins come with the wagering requirements.
You probably heard about it, and on this page, we are gonna explain to you all about them, how they work, and how to complete them, and many more useful tips you should know.
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What are the wagering requirements?
Wagering requirements act as a restriction which does not come with a negative connotation at all. It only amps up the online gaming experience and adds an interesting element to the slot game for the players.
Simultaneously, it helps the slot/pokie games to increase the playing time and retain the player activity. It is the total amount that must be earned before you can withdraw any winning prize.
These are mentioned in numbers along with an “x” e.g. 10x. This is multiplied with the amount of deposit you make.
How do wager requirements work?
As mentioned before, wager requirements are expressed always in numbers. Below we will explain how do wager requirements work.
If we take an example, wherein casino terms and condition writes that wager requirements for the deposit bonus or free spins are the 10x.
- The “10” represents the number of times you have to bet (x) your bonus amount.
- The “x” refers to a certain amount you need to multiply the amount of bonus.
So if we take for example casino where bonus wager requirements are 10x and we have collected NZ$10 in bonus.
That means that before a casino allows us to withdraw any winnings gained from the bonus, we must spend or wager NZ$100 on selected games.
Wager requirements at online casinos usually vary from 20x to 50x. However, it varies from game to game and casino to casino.
Types of wager requirements at casinos
Every casino has different policies and different wager requirements. It is very important before making a deposit or just playing with free spins no deposit that we always read terms and conditions or read casino reviews. Below we will list you all the types of wager requirements at online casinos with an explanation.
There are 3 types of wager requirements at online casinos and they are:
- 1. Free spins wager requirements
At most casinos, players are required to wager their free spins winnings before they can withdraw. But how to complete free spins wager requirements is a question that many of us don’t know for sure.
Here is the example, if we get 20 free spins and the wager requirements are 10x. When we end those 20 free spins we must note the winning amount. So for instance, if we get NZ$50 from 20 free spins and the free spins wager requirements are 10x. We must turn over at least NZ$500 (10xNZ$50=500) before the casino allows us to payout our winnings.
- 2. Deposit bonus wager requirements
Deposit bonus wager requirements at online casinos are most common and it is important for us players to know everything about them like how to complete them, how to calculate them to make easier and faster payouts.
Wager requirements for deposit bonuses can be completed easily. If we take for an example that our deposit bonus is 100$ and wager requirements are 10x, to complete requirements we need to turnover NZ$1000 before we are eligible for withdrawal.
Sports betting bonus wager requirements
There are some conditions which need to be fulfilled in the case of getting a bonus wager. Without fulfilling these requirements, it is not possible to retrieve the bonus wager which is won.
One of the most prime requirements is the lower limit of the sports betting bonus. In some cases, there is a lower limit and the user cannot withdraw the cash unless a certain limit is reached.
There is also an upper limit in some cases. In such scenarios, the user has to make smaller and multiple transactions in order to get the bonus which is won.
Casinos with low wager requirements
There are a number of casinos available online that come with other attractive features alongside no wager requirements.
The best casinos we recommend are those around 25x wager requirements.
This number is considered to be low enough because when we consider that there are many casinos offering wagering requirements around 40x to 50, then 25 wager req is really low.
Casinos with no wagering requirements
A better option available for players who are tired of these requirements is the no wager requirements casinos.
These casinos have not only relieved a typical player from such limitations but also offers a number of free spins and bonuses additionally.
But casinos that perfectly compensate for a high requirement with free spins and bonuses can make the gaming experience worthwhile and fruitful for the player.
That means that we can make a deposit or collect a bonus and we have control of our withdrawal all the time.
That means that we don’t have to meet any wager requirements and we can withdrawal our money whatever we want.
If you want to find out more about casinos without wager requirements you should check to our no wager casino page.
FAQ
Why do the casinos have wagering requirements on bonuses?
Online casinos have been abused in the past for enabling good payouts with no restriction. Hence, this is a way of preventing that.
How can I see when I have met the wagering requirements?
You can always view it on the withdrawal page of any online casino’s website.
Does wagering requirements apply to every game?
No, they are only applicable to bonus games and free spins games.
Source:
- https://en.wikipedia.org/wiki/Category:Wagering
- https://help.mrgreen.com/hc/en-us/articles/115005881009-What-are-wagering-requirements-