Trying to Figure Out Wagering Requirements? We’ve Listed 7 Indispensable Guidelines
Online gambling is a pastime that has grown in popularity over recent years thanks to advances in technology which have increased the sophistication of these portals and made them increasingly accessible. However, whether you are a novice trying your luck for the first time or consider yourself an old hand, this highly saturated online marketplace can at times feel overwhelming.
With so many new online casinos emerging to take advantage of demand from consumers, many of these portals are offering exciting incentives as a way of luring new clients to try out their offerings. From welcome bonuses and VIP packages to no deposit incentives, it can be hard for one to know where to get started.
So you found yourself a fantastic no deposit bonus? The problem is, you don’t know where to start when figuring out those pesky wagering requirements, right? Fear not, because we’re about to list down some helpful pointers that’ll make you feel better equipped to understand those confusing digits.
1. Understand What A Wager Is
First things first, before you get to grips with wagering requirements, you’ll need to understand what a wager is. Thankfully, this part is pretty straightforward. To put it simply, a wager is a bet. Essentially it is the amount of money you stake with each game you play.
2. Get To Grips With What Wagering Requirements Are
Before we get down to the nitty-gritty, let’s establish what wagering requirements are. When you join an online casino, you’ll be sure to encounter a bonus offer of some sort. From free spins to no deposit bonuses. Sounds like a dream, right? Sorry to burst your bubble, but these offers come with strings attached – these are known as wagering requirements. These conditions state how much you must wager before you can collect your winnings or access a bonus.
3. Know How Wagering Requirements Work From Your Bonus
Wagering requirements work according to the type of bonus you are dealing with. For instance, with a cash bonus, you’ll be required to bet through a specified multiplier before you are able to withdraw bonus funds and associated winnings. For instance, if the wagering requirement is 20X, you’ll need to bet your bonus amount twenty times to access your winning. If you are dealing with free spins, the multiplier will only apply to the winnings you get from those free spins.
4. Do The Maths – Calculating Wagering Requirements
Working out your wagering requirements isn’t actually too complex. You’ll need to work with this basic formula :
(Bonus Amount) X (Wagering Requirement) = Total Bet
For instance, if you deposit USD 30, you’ll receive a match deposit of USD 3 when you meet the wagering requirement. Say that is 20X, then the formula would work as follows:
USD 30 X 20 = USD 600
5. Always Read The Terms and Conditions
In addition to protecting your data privacy, the terms and conditions will help you avoid disappointment when accessing a casino bonus. Each online casino is different, so when it comes to meeting (and beating) the wagering requirements, reading terms and conditions will help a great deal. The fine print is there to explain all the strings attached to the offer as well as what you’ll need to do to beat them.
Generally, you need to deposit the minimum amount to receive the bonus. You may also be required to use a particular payment method to obtain the winning or have a limited amount of time to use the bonus.
6. Choose A Casino Mindfully
Not all bonus offers are made the same, so it’s worth doing your homework before committing to a particular one. Some wagering requirements are higher than others, while some casinos will limit the amount a player is able to win using a bonus. Choose a casino with bonus terms that work for you.
Read online reviews and see what other players are saying on forums to see which casinos have a good reputation. It is crucial to engage with casinos that are properly regulated and have the correct licenses. Another good sign is access to customer support, which will come in handy when you have issues or questions.
7. Play The Right Games
Remember that bonus offers may only work on particular games, and different games may contribute differently to the wager requirements. So be sure you know which games qualify and what percentage of the wager they contribute. This way, you can work out which games are worth playing. In most cases, slot games will contribute more favorably towards the requirements than table games.
In short, while the world of online gambling can be a lot of fun, it is by no means straightforward. To ensure your online gambling experience is a fruitful and enjoyable one, make an effort to understand the nuances of wagering requirements. Following the guidelines outlined in this article should provide a solid overview of what wagering requirements are and help you take full advantage of the bonuses offered by online casinos without having to face any disappointment.