How Wagering Requirements Work
One of the most common terms you’ll hear after visiting an online casino is the wagering requirement. For instance, you might have registered yourself to an online casino after coming across a generous welcome bonus, but ended up confused when not being able to withdraw any of it.
Well, it’s usually the result of a rookie mistake that you can easily avoid if you know how the terms and conditions properly.
Here is our guide to wagering requirements and how it is related to the bonuses you receive.
What is a Wagering Requirement?
A wagering requirement is a certain amount of “value” that you have to bid before you can withdraw a casino’s welcome bonus.
Often, when you sign up for an online casino and earn bonus money when making a deposit, you are asked to meet a wagering requirement before you are allowed to make a withdrawal. Your bonus money will never be converted into real money for withdrawal if you don’t meet these wagering requirements!
For example, let’s assume the casino has a 30x wagering requirement on all bonus funds, and you have received ₹1000 in bonus credit. So, to meet this particular wagering requirement, you must spend ₹1000 x 3000 = ₹30000 before you can get your hands on the ₹1000.
How Do Wagering Requirements Work?
Different casinos come with different sets of wagering requirements. These include a minimum limit for withdrawals or a requirement for wagers. As a beginner, you might have some difficulties understanding them.
The first order of business is to compare those offers when choosing which online casino site to use and decide which one is best for you. While it is very important to compare the overall value of the bonuses, the most important factor is the wagering requirement that applies to the bonuses.
All bonuses come with terms and conditions. And to avail them, you must fulfil the wagering requirement.
What You Need To Know
Here are some relevant factors regarding wagering requirements which will help you get your bonuses faster and more efficiently.
One of the most important things to keep your eye on is the time limit! It varies from casino to casino. Many casinos will give you a week, while others may give a time limit of a month. Hence, you might need to play more frequently to meet the requirements.
Make sure to go through the terms and conditions to know if they are in your favour.
Wagering requirements often come with bet limits. You can only bet up to a certain amount in each game. The limit can vary from game to game. For example, while playing a game of slots you are allowed to bet a maximum amount of ₹500 per spin. Otherwise, your bonus will be discarded.
This will not affect your chances of winning, however, it may take you a little longer to meet the wagering requirements. It will also help you play your favourite game for longer, which means you get to have more fun!
Maximum win caps
After completing all the wagering requirements, you end up claiming an attractive bonus. But you have to make sure your winning amount is within the declared limits. In most cases, casinos have limits on your winning amounts. It is very unlikely that you will come across an unrealistic limit. Most casinos have attainable caps at around ₹50000, which is a pretty good deal.
Different games have different game weightings. Slots usually count 100%. If you have a ₹10000 bonus and the wagering requirements are 35x, you will have to wager ₹350000 before you can get any returns.
You may want to reconsider if you intend on applying your poker skills or blackjack strategy to complete the wagering requirements. Table games, roulette and video poker contribute only 10% -20 %, as well as some casinos completely exclude wagers on certain games.
For example, let’s say you have claimed a ₹10000 bonus, the wagering requirement is 25x bonus. So, you need to wager ₹250000. If the blackjack counts only 10% towards the wagering requirement, you will get only ₹1000 out of every ₹10000 you wager. In short, you will have to play a lot of blackjacks to reach ₹250000.
As a new player, try picking games with a low wagering requirement, and play casino games that give you a 100% return on your wagering amount. Moreover, look for games with higher RTP (Return to Player Rate), and don’t forget to check out the terms and conditions carefully before diving deep into it!
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