The exciting world of online gambling has been attracting countless players to virtual tables and slot machines for many years, thanks to the thrilling games, undeniable convenience, and, of course, the potential to earn large payouts. However, behind all the flashy lights and eye-catching graphics lies an often overlooked aspect that stands between players and their earnings: the casino’s wagering requirements.
We get it, numbers aren’t for everyone, even less so if the only thing you want to do is play an online casino game and are stuck calculating percentages. That’s why we’ve decided to give you an easy-to-follow guide. What’s more, once you’ve understood how they work, you can check out the NDG no deposit casino list, so you can apply the newly acquired knowledge and have better chances to increase your money pot!
What Are Wagering Requirements?
It’s no secret that casinos often employ seemingly lucrative deposit bonuses and free spins to entice new customers to sign up for their platforms and retain their current ones. But as the saying goes, nothing in life comes for free. Casinos are in the business of making money, so it should come as no surprise that these types of promotions always come with strings attached, known as the casino’s wagering requirements.
That’s right, most of the time players will need to satisfy the terms and conditions associated with the bonus they use before they can even think about going near their earnings. These conditions outline how long the promotion will run, the minimum deposit amount required, and, of course, the wagering requirements.
Also known as playthrough or rollover requirements, an online casino’s wagering agreement dictates the number of times and amount of money a player must bet in order to obtain any winnings earned as a result of the promotion. A bonus’s wager requirements determine its value; as such, it’s essential for players to understand how they work to determine whether they are worth the time and effort or if the casino is taking you for a ride.
How Do They Work?
Wagering requirements are generally expressed as multipliers, indicating the number of times the bonus or winnings must be wagered before players are able to withdraw any winnings. For example, let’s say a casino offers a $100 bonus with a 20x wager requirement. This would mean that the player would need to wager over $2,000 in order to withdraw any earnings won off the bonus.
Wagering requirements are often applied to first-bet refund offers and deposit match bonuses; however, the requirements may vary. When it comes to free spins, since they do not come with a cash amount, the multiplier will only be applied to any winnings earned from the free spins. Additionally, wagering requirements may also differ depending on the casino game. If you like to play blackjack, higher wagering requirements are more palatable as the house edge is low. However, if online slots are more your thing, then you need to look out for lower wagering requirements since slots usually generate lower returns.
Problems may arise when players are forced to continue to play even though they are ready to walk away, as this would mean forfeiting their winnings. As such, when it comes to accepting bonuses, players must remain cautious, as some casinos may not have your best interests at heart. In fact, many players opt to stick to using their own cash to avoid getting scammed out of their winnings.
Read The Fine Print
Not only is it important to understand how wagering requirements work, but it is also essential for players to be able to distinguish a good bonus from a bad one. Players also need to avoid falling into the trap of thinking that bonuses are free credit, as this is far from the truth. Sure, bonuses offer players fantastic opportunities to try out new games and casinos, but players, especially newcomers, need to know what the bonus actually entails. This will allow them to make more informed decisions about their gameplay and have a greater overall gambling experience.
Failing to follow through with the wagering requirements will result in the loss of any earnings won from your bets or bonuses. In some cases, it could even lead to restrictions on your account, such as limitations on future promotions. As such, it is very important to read the fine print to ensure you understand your obligations and avoid any potential negative consequences.
Author’s Bio:
Site Manager Grace Roberts has been part of the exciting world of online casinos for over a decade. In fact, she’s considered quite the veteran with her colleagues. Apart from being involved in the management of an established affiliate site, she’s deeply invested in helping online gamblers make mindful decisions when participating in this pastime. This means providing helpful and informative guides on how one should gamble responsibly, where emphasis on the importance of self-exclusion is highlighted.