Every casino has them, but what do they truly mean? Wagering requirements have been the source of much contention and difficulties for players. Today, I will talk a bit about these seemingly undefeatable obstacles that come into your iGaming sessions to throw a big upset and deprive you of precious funds.
Well, I don’t think that is true. In fact, I would argue that wagering requirements can be quite handy. They give you a fair chance to win while not putting a casino out of business, and all you need to do is just take a careful read at what the current requirements are.
No more, no less. Hopefully, with my help, you will learn how to pay a closer look at the casino wagering requirements and make them work in your favour. Ready to take a look at the available options? Fantastic, because so am I!
What Are the Wagering Requirements?
Of course, we always have to make sure that we understand the concept of casino wagering requirements and why it is there in the first place. You see, casinos are taking a chance on you. They give you a fairly good amount of money, and if you meet the specific requirements, you get to keep some of that amount.
It’s almost as if that were free money with the small difference that there is quite a lot of chances. You should never doubt this specific part – chance has a lot to play in the wagering requirements.
But to answer the question concisely: the wagering requirements are the contract you sign with a casino to try and get some extra money – it’s that simple, and there really isn’t anything more complicated to it.
How to Beat Wagering Requirements?
Let’s first try to define what constitutes beating the casino wagering requirements. Some players argue that this is the point where you release your funds and have some profit to take home.
I will agree with this statement as it accurately describes the endgame for any player who joins a casino and accepts a bonus. To beat these specific conditions a bonus comes with, you will want to examine them carefully. There are several things to look out for:
- Specific rollover
Each of these is quite important to make sure you actually end up beating the game.
For starters, every promotion – even the best one – will come with an expiration date. It’s just the nature of the game.
Therefore, it is essential to make sure you are actually paying attention to this small detail that could make all the difference in the world. Once you know how much time you have to play through a promo, you will be able to deposit only as much as you can realistically play through, right?
Secondly, there is a specific rollover. Now, some people just skim the T&C’s, and they often skip some rather important details in the process. But you won’t be one of those players, because I will help you out. The rollover requirement is quite important – it tells you whether you need to play through the bonus or the deposit, or even both.
Usually, a rollover at a good casino will be 35x for any of the three examples I have just cited. Yes, the rollover is steep on occasion, but you got a fair chance to actually beat the casino wagering requirements.
Last, but not least, you have the restrictions. Some bonuses will not count if you use them on specific games, and nearly all bonuses will be automatically voided if you try to request a payment. So, as you can see – restrictions apply, and you will need to make sure you have double-checked.
Providing you follow through with all steps, you should be able to beat the wagering conditions without breaking a sweat.
How Do Wagering Requirements Work?
As specified, wagering requirements have several binding conditions attached to them. The way that works is you look up what the specific conditions are and then make sure you meet them before withdrawing any money from the casino.
This is, in fact, the biggest mistake I have seen players make – after a huge win, they would decide they have had enough and try to cash out early, but that usually leads to the complete – if involuntary forfeit – of the casino bonus, which is definitely what you and I will want to avoid in our own play.
If you are wondering where to start, I really recommend checking out some of the low wagering casinos out there. The reason why I recommend them is very simple – they allow you to experience real bonus conditions while you still most likely get to keep some of the bonus money once you are done playing through these requirements.
How to Calculate Wagering Requirements?
Now, you are probably wondering – after all this reading, do you still know what a 35x wagering requirement means. Put simply, you need to multiply the amount you have in your bankroll by the rollover requirement, in this case, 35x.
This 35x multiplier, as mentioned before, could apply to the deposit, bonus or both. In other words, let’s say you have to stake your bonus amount 35x times and you have just received a bonus worth €100, you need to play through a total amount of €3500 going off 35*100.
Now, this may seem like a lot, but if you use the maximum allowable bet – as each bet caps the max bet you can play with – which is likely to be €5, you should be able to clear the bonus fairly quickly.
In other words, you will need to place a total of 700 spins, for example. Why spins, you ask? Because the majority of bonuses only count if you use them on free spins, that is 100% of the stake you make.
If you bet on a table game, instead of getting the full value of the €5 bet towards a €3500 rollover requirement, you will only get 10% – and in some casinos, none. Once again, my advice is to always read the bonus conditions, because it’s all there, and it’s rather easy to grasp.
Patience and discipline will get you a long way ahead!