The Reality of Wagering Requirements and How to Properly Fulfill Them
If you’re just starting with gambling, then you might be wondering how certain conditions work. In this article, we will explore everything about the wagering requirements you need to fulfill after playing with a bonus. Those are crucial because you have to go through them in order to withdraw any potential winnings.
What are wagering requirements?
Wagering requirements refer to the amount you have to play in order to be able to initiate a cash-out. They often come in multipliers, such as x1 to x99, but some bonuses require more.
They are important because without them, the casino doesn’t let you withdraw. Another fun fact is that some bonuses come without wagering conditions, meaning you can withdraw your winnings way faster.
How to calculate the wagering?
Let’s take a real example so you can better understand the math behind wagering requirements for each type of bonus.
1. Cash bonus without deposit
If you receive a no deposit bonus that grants you $10 and the wagering requirement is 50x, you will need to wager a total of $500. Playing simply means placing bets on your favorite games, taking into consideration certain restrictions that we’ll discuss later in this article.
2. Bonus with free spins no deposit
After having fun with a bonus of 100 free spins no deposit, for example, you might win $100. The wagering requirements apply to that amount! So, if you need to wager 50x of your winnings, then you will have to play $5000 to be able to withdraw.
If you don’t want to risk any funds, it’s essential to remember that there are many options for free spins that can win real money, allowing you to test them out before depositing. This way, you will be able to see how the wagering requirements work in practice.
3. Deposit + bonus
Some casinos may offer a promotion that requires wagering both the bonus amount and the deposit. If you get a $100 bonus and your deposit amount is $20, let’s calculate how much you will have to wager for a x50 requirement:
($100 + $20) x 50 → $120 x 50 = $6000. Therefore, you will need to play through $6000 before being able to initiate your withdrawal.
What can happen if I don’t fulfill the wagering conditions?
Some casinos have a specific feature in their user interface that prevents you from initiating a payout; however, most don’t have this option. Thus, you will be able to request a withdrawal and then wait for it to be approved.
In case you haven’t gone through the wagering requirements properly, the casino’s finance team will roll over your amount back to your balance and email you about the terms you haven’t fulfilled. This means that you will have to do an additional task and therefore wait longer for your money.
Important aspects to consider while wagering
According to Statista research, an increasing number of players prefer online gambling because it’s accessible everywhere and offers a wide range of options, including slots, live casino, and table games.
You must keep in mind that casinos have strict rules regarding gameplay, including wagering procedures and the proper way to fulfill them.
Don’t forget that if you don’t obey these certain rules, the casino will not allow you to initiate your payout because it is considered a breach of their terms and conditions. The best way to avoid this is to familiarize yourself with their Terms and Conditions, and then proceed to claim and redeem any of their offers.
Restricted games
When striving to complete your wagering requirements, it’s essential to consider that not all games are available. Pay close attention to the list available in the terms and conditions, since most casinos don’t have special features that automatically prevent you from accessing these kinds of games.
Maximum bet allowed
Another aspect to consider when fulfilling your wagering requirements is the maximum bet allowed. This is a specific amount or percentage that the casino imposes and can typically be found in the platform’s terms and conditions.
Let’s take an example! Say you’ve played a bonus and won $50, and the maximum bet is 10% but not exceeding $10. 10% of $50 is going to be $5; therefore, because it doesn’t exceed $10, you can place a maximum amount of $5 per bet when wagering.
However, if you won $150, then 10% of that is $15. Since the maximum bet doesn’t allow you to place that much, you must limit yourself to $10.
Of course, there are certain real-life examples for which the casino had to make an exception to this rule, obviously. After calculating the maximum bet, it turns out that a player had to place up to $0.99, but he placed $1. Since most slot machines will not allow a bet so specific as $0.99, the player didn’t suffer a T&C breach, and the casino awarded his winnings anyway.
Wagering contribution
Don’t forget that not all bets are calculated the same towards your wagering conditions because some games have different contributions. These are calculated as percentages and can range from 0% to 100%.
The contribution is entirely set by the casino you are playing at, but typically, live casino games contribute 0% and slot games contribute 100%. Don’t forget to consult with the casino’s terms and conditions, because there are cases when certain slots have low amounts, such as 20% or 30%, and you’ll wonder why your wagering process is slow.
Time limit
When platforms create bonuses, they might add a specific time limit that you shouldn’t exceed. For example, some offers have a 7-day limit within which you must fulfill the wagering requirements. If you don’t comply, the bonus and your progress, if you have started wagering, will be forfeited.
Conclusion
When gambling, the most important aspects are becoming familiar with the casino’s terms and conditions and playing responsibly. Before redeeming any of the platform’s bonuses, review how they work and seek assistance from their FAQ or customer support team for complete clarity.
Since wagering is one of the most crucial terms for initiating a payout, be sure to fulfill it properly. Do so, without missing any of the points we’ve discussed in this article, including how it’s calculated, the maximum bet you can place, the restricted games list, and so on.
