Wagering Requirements Explained
Wagering sucks! But, whether we like it or not it is here to stay! There’s probably not a single gambler in the world that will tell you they like wagering requirements. But, there is no escaping them. So, we’re going to explain wagering requirements and tell you what they mean. And, if you’re wondering how to beat wagering requirements, we may have some tips that can benefit you next time you’re faced with them.
What is Wagering? What Does Wager Mean?
This is probably one of the most asked questions online casinos answer, especially when it comes to players that are just starting out. At first it may seem hard like a hard team to understand. You may also see the phase ‘playthrough requirement’ or even a ‘rollover requirement’ but they mean exactly the same thing so before we explain what a wagering requirement is, don’t let that confuse you.
Wager is just another term for bet. You make a bet, you make wager, it’s as simple as that.
So, what is wagering? In simple, online casino wagering is a bet that you make on any game whether it be on video slots, table games or video poker games. When you make a bet with money that is not from free play you are essentially making a wager. What does wager mean we hear you say? It is basically just another word for bet. You make a bet, you make a wager. Simple, right? Every time you hit spin or press bet you are in essence, wagering. Now there is actually a lot more to this but don’t worry because now you’re warmed up we can go into even more details to answer your initial question on what does wagering requirement mean.
What Are Wagering Requirements?
Now, when it comes to wagering requirements, these will most commonly be associated with an online casino bonus. To find out more about different bonuses, see our guide to online casino bonuses. Once you make a deposit and accept one of those bonuses it will most certainly come with wagering requirements. This then means both your deposit and bonus will be subject to certain terms and conditions and you will not be able to make a withdrawal until you have fulfilled the wagering requirements.
Now, this is where it can get tricky. Wagering requirements are represented by a number which is the number of times you have to wager your bonus, they may also come with a minimum withdrawal limit. The number of times you have to wager a bonus will be different in every casino. Some offer low wagering requirements, some are very high. Obviously, if you can get low wagering casino bonuses this will work more in your favor.
What are Rollover and Playthrough Requirements?
We touched on this at the start but we just wanted to reiterate it a bit more before moving on. Rollover and play through requirements are exactly the same as wagering requirements. You are ‘playing through’ your bonus, it’s just the same as saying you are wagering your bonus.
Just like the sentence we used just now when we said “Wagering requirements are represented by a number which is the number of times you have to wager your bonus”, it also represents the number of times you rollover your bonus and play through your bonus. Different words but they have the same meaning so try not to get lost too much in these terms.
What Does No Wagering Mean? What Are Wager-free Casino Bonuses?
When we said your bonus will most certainly come with a wagering requirement attached that’s because it will. However, there are some exceptions to this rule. You may see casinos advertising ‘No Wagering’ and ‘Wager-free bonuses’ which are very lucrative indeed. In a perfect world this is what we would expect to see.
These kinds of wager free bonuses are usually associated with spins that the casino gives you on a certain game that are free, rather than actual funds in your account. So, you would deposit and use the spins and whatever you win from those spins would then be wager free.
This means the winnings are paid in cold hard cash and go straight into your withdrawable cash with no strings attached. They really are as lucrative as they sound! In terms of finding an actual cash bonus that has no wagering attached, good luck with that! There may be some out there but we’d highly advise you to do your research on the casino offering them before you play. There are plenty of decent, reputable casinos in our directory that offer wager free incentives so be sure to take advantage of these.
Wagering Requirements Calculator and Common Wagering Requirement
Now, you know what the actual term means, it’s time to explain in a little more detail and it’s all about the maths. You may need to have at hand a calculator but it’s usually quite easy to work out and a wagering calculated may not be needed. By the time you finish this we’re confident you’ll mathematically be able to work out any wagering requirements in a matter of minutes.
Working out wagering requirements can be tedious but jokes aside if you get it right it could really pay off in the long run. If you miscalculate a wagering requirement it could financially cost you in the long run. One thing you need to understand is that if a casino is giving you a bonus which is essentially free money to play your favourite games they’re going to highly regulate that.
They are not going to make it easy for you to turn that bonus money into real cash and this is why they add the wagering requirements. It is possible for you to get a bonus with no wagering requirements but more often or not this is associated with extra spins which you may see called bonus spins or super spins, we’ll go into more details later.
Okay, so let’s get your virtual wagering requirements calculator at the ready as we’re about to explain how they work. One of the most common wagering requirements is 35x but for guide’s sake we’re going to use 30x, just to make it easier for you to understand. So, let’s say you signed up at a casino, made your first deposit and accepted their welcome bonus which is 30x. Here is how you work that out:
Example: Deposit Amount: €20 Bonus Amount €20 Wagering Requirements: 30x Bonus
All you do is multiple your total bonus amount by the wagering requirements. So, in this example it would be €20 x 30 = €600
This means you have to wager or make bets that equal to €600. So for example if you were betting in €1 increments you would need to do this 600 times. The less you bet the longer it will take you to complete the wagering requirements. But be warned! This does not necessarily mean the higher you bet the quicker you wager because what you should remember is that placing higher bets can also mean you run out of funds quicker too.
n fact, if you are a complete novice we would strongly suggest against jumping straight in with high stakes. Sometimes, just sometimes little and often can work too. The more experience you have with wagering the more you’ll be able to figure out which bets you are comfortable with. You should not be betting outside your financial means. Other popular sets of wagering requirements can include:
What Are Low Wagering Requirements and What are High Wagering Requirements?
Now, we don’t want to confuse matters but you can also stumble across (and this is just as common) wagering requirements that attach to both your bonus and deposit. This means you’ll need to wager twice as much! Let’s use the same example to show you how this would affect your deposit:
Example: Deposit Amount: €20 Bonus Amount €20 Wagering Requirements: 30x Bonus
This time you would need to calculate your total bonus and deposit amount (€40) by the wagering requirements (30x). So, €40 x 30 = €1200
Yep, that’s a pretty hefty wager, right? You can see the difference it makes can’t you. It may also seem like it’s impossible to meet but it is certainly not. You will never be able to calculate how much you’re going to wager before playing because it’s completely down to lady luck. The lower you can get these wagering requirements the better. A wagering requirement that attaches only to your bonus will always work more in your favor. Any that attach to both your bonus and deposit will also increase the amount you need to wager.
In terms and which ones are low and which ones are high this can vary. Anything that is 30x or under can be classed as a low wagering requirement. Generally, anything over 30x would be considered as high. This is why we always advise you to do your research first. Don’t just take the first bonus you see because chances are there are plenty more that may be better suited to you.
Why Do Wagering Requirements Exist?
What is wagering in casino and why are they there? Well, we’ve already covered a lot of this but still a lot of players will wonder why the hell these requirements exist. Well it’s simple actually. Casinos also need to make sure that they have these requirements in place in order to apply to anti-money laundering schemes. This can prevent criminals depositing in a casino and taking it straight back out by turning it into ‘clean’ funds.
Are Bonus Wagering Requirements Avoidable?
Yes, you can make a straight deposit by accepting no bonus which means no wagering requirements. Some casinos may require you to wager your deposit a small number of times before you can withdraw it, but again this is because of money laundering and it will be very low, like 1x.
If you want to accept a bonus then then you need to be prepared to get wagering requirements. There are some online casinos that advertise the fact that they will never impose wagering requirements. These casinos are great because they do exactly what they say on the tin. You will more than likely be getting those casino spins that we mentioned earlier. For example you’ll deposit €50 and get 100 spins, wager free. This is one of the only ways you’ll dodge those wagering requirements.
Where to Find Wagering Requirements? Check Terms and Conditions
By law, all terms and conditions have to be clearly displayed. They may be boring to read but you wouldn’t buy something from a shop without knowing what it is first would you? These are in place to protect the casino and you should always find information regarding their wagering here. If you cannot find them here or in the bonus terms and conditions then you should contact the casino’s customer support team before accepting the bonus.
How to Beat Wagering Requirements
Now you know what is wagering you’re probably wondering how the hell you are going to beat them. If you are completely new to this, wagering almost €1200 off just a €20 deposit may seem like an almost impossible task. But it’s actually not.
Be under no illusions, it is not easy by any means. No casino would ever make wagering easy. But, know it most certainly is not impossible. First and foremost
- Find the right casino
- Find the right bonus for you
Research your casinos. Research your bonus. We cannot stress this enough. If you’re accepting a bonus that comes with ridiculous terms and massive wagering requirements chances you won’t ever meet them. Here are some more tips and tricks:
Make sure you have equipped yourself with the conditions of the wagering, much like we’ve already mentioned which includes checking game contributions and which games count 100% towards wagering. If you play a game that only contributes 50% of your wagering it’s going to take you even longer to complete the requirements. There may also be some individual video slots that will count 0% towards your wagering requirements.
If you don’t check this beforehand, you could spend hours and hours playing games thinking you’re wagering but actually those games are restricted from wagering and you’ve got absolutely nowhere.
Find the games that you like the best! One of the best ways to help you through the wagering process is finding games you already know that play well. If you are new, don’t worry this will come over time. You’ll also start to notice that certain games can be perfect for wagering! These are games that may not necessarily get you huge wins, but they’re games that will keep your balance at a steady rate.
For example, if you’ve just hit a huge win it may be a good idea to find a game you know can help you maintain that balance and complete a shed load of wagering. These can be games like NetEnt’s Starburst Slot . If you feel comfortable you can also start raising your bets. Just remember what we said earlier. The higher you raise the faster you can also fall.
There is not a single gambler in the world that can predict whether or not they will complete their ageing requirement before they take a bonus. Just be smart! Use the information we have given you today, do your homework first and you could already be on the road to success!