WAGERING REQUIREMENTS – learn more about them
If you think that you got something for free, you are probably wrong. How many people have a habit of reading terms and conditions of offers? Lack of knowledge can be a source of troubles and additional expenses very often.
In the case of the casino, it’s not really a matter of additional expenses, it’s rather a matter of disappointment. We don’t want to demonise wagering requirements because it’s nothing scary.
Casinos would like to attract players by giving them bonuses but on the other hand, casino needs to secure against unfair players.
If there’s no wagering requirements player can easily pay out the bonus in cash that he got from the casino and never even play. It’s would be a great deal to register then, get a bonus and simply earn without doing a single thing. Wagering requirements can be called a two-edged sword that protects casinos and scolds unwary players.
Every player is looking for best bonuses to start with – those are welcome bonuses. The player can get them simply by signing up – it’s no deposit bonus, or it can come while making the first deposit. Sometimes it’s up to 3 deposits that bring bonuses along.
Bonus can be a free money and can be used while playing different games.
Bonus can be also free spins and those are usually dedicated to certain games. There are also seasonal promotions offered with daily, weekly or monthly frequency.
Apart from the type of bonus there are usually wagering requirements, “usually” because there are still online casinos with no wagering requirements. Wagering requirements don’t depend on depositing method. They are the same when a player uses pay by phone bill, credit card and other methods.
Understanding Wagering Requirements
When the player is getting a bonus it’s just a beginning of the road that ends with the withdrawal of winnings. Very often there is a condition that wagering requirements must be meet within 7 or 10, sometimes 90 days. A number of times that player have to play through can be various, from 1 even up to 60. Let’s see an example when an online casino offers a welcome bonus match of 100%.
The player makes a deposit of £50, then on players account appears £100. So far so good but let’s say wagering requirement in this casino is 35 times. It means that player has to bet an amount of £3.500 to meet those requirements.
It’s easy to understand but the player has to remember about that different games can fulfil requirements in different proportions.
Slots usually cover 100% amount of bet and if the player plays for £100, then this amount counts to wagering requirements.
Other casino games like Roulette or Blackjack can cover only 25% and it’s £25 off £100 that player bets. Some of the casino games can cover 80%. The calculation is hard but online casino does that for player and player can easily see how much left to wager. When a player finally meets those requirements and is ready to withdraw cash a surprise happens.
It’s worth to remember that casino often limit amounts that can be withdrawn from winnings earned from bonuses. There also can be a condition of depositing another amount to withdraw money earned from bonuses.
How to be smart?
Answer to the question what is the best casino welcome offer is simple now. It’s not a match bonus of 1000% with wagering requirements 60. If the deposit is £200, the amount on the player account is £2200 but the player has to wager £132 thousand! Chance of winning while wagering so many times is low.
The most important thing is to read terms and conditions of bonuses offered in the online casino.
If you have any doubts you can always contact casino support and ask for more details. If you will give the amount of deposit you want to make you can even ask for specific calculations.