One of the most competitive industries is the gambling field. This is why all casinos always try to come up with better offers and promotions that will attract new players.
All these bonuses bring various advantages, but they also have certain rules that must be respected. The condition that many players seem to struggle with is represented by the wagering requirements.
What are wagering requirements and why are they so important?
When it comes to online gambling, casino bonuses are a tempting source that can bring financial benefits. However, most of the time, these promotions have a series of wagering requirements attached to them.
These requirements tell players the number of times they need to wager their bonus money to be able to make any withdrawals. The easiest way to find this information is to read the T&Cs that apply to the bonus. It’s essential to note that these requirements vary from casino to casino and sometimes from bonus to bonus.
It’s important to read and understand them before accepting a promotion because not completing these requirements can even lead to the bonus being cancelled.
Main types of casino bonuses and their respective wagering requirements
There are numerous types of promotions a casino can offer its players. Free spins are some of the most popular and desired bonuses. When it comes to this type of offer, players can benefit from free spins without making any deposit, or they might be required to fund their accounts. The wagering requirements for free spins usually ask players to wager their winnings a number of times to be able to make any withdrawals. Additionally, most of the time, the free spins and the winnings can be used only for specific slots.
Other types of promotions can be matching deposit bonuses – these usually are included in welcome packages and are aimed at new players. A matching deposit bonus is exactly what its name says – a bonus you can get only after you fund your account. The matching bonus depends on the casino, and it can range from only 25% to 100, 200, or even 500%. When it comes to wagering requirements for these types of bonuses, players should note that they usually must wager the actual bonus a certain number of times to be allowed to make any withdrawals.
On top of the requirements, it’s important to be aware that almost all bonuses also have a maximum cash-out limit. Regardless of how much you won after having completed the necessary wagers, the maximum cash out doesn’t allow you to withdraw funds past a very specific limit.
Gamblers’ guide: how to take maximum advantage of casino promotions
A very important thing (maybe the most important one) when you opt for a casino promotion is to read its terms and conditions. They usually include need-to-know information such as the already mentioned wagering requirements, as well as time limits, contribution percentages, and much more.
On top of understanding the requirements, players must check the time limitations that apply to each bonus. This is important because some promotions can expire within 24 hours while others might be available for longer periods (30 days or even more).
It’s also crucial to check the contribution percentage each type of game has towards the completion of the requirements. Slots usually have a 100% contribution for all types of bonuses. Table games can have between 10 and 25%, and most of the time, live casino games have no contribution at all.
This is why it’s important to choose the right games to play when accepting any type of bonus. To be able to really pick the correct games, you must read the terms and conditions. You need to do this because some games might not be eligible or compatible with specific promotions.
When you want to play any new game, you really should learn it before you spend funds on it. There are sites that offer demo versions of almost any type of game and slot. Trying these demo sites can help you better understand a game, which brings you only advantages.
It’s obvious that you must never spend more than you can afford. This applies to any real-life situation and gambling is no exception. It doesn’t matter just how experienced of a player you are; you must always set and respect a budget.
How to choose the best online casino offers
When you can’t decide between two or more promotions, the best thing to consider is what type of gambler you are. Do you prefer to sit back, relax, and enjoy seeing those reels spin? If so, the free spins bonuses might be what you need.
On the other hand, if you like to wager your winnings after each spin or you like the thrill of card games, you should probably give matching bonuses a try.
Low versus high wagering requirements
The main difference between the types of wagering requirements is the amount you need to wager in order to be able to make any withdrawals.
Small wagering requirements are easier to complete, as they usually range from x10 to 25, x30. A x10 wagering requirement for a £10 bonus means you will have to wager £100 (£10 x10). This is quite easy to complete and allows you to cash out your winnings faster.
High requirements usually start at x35 and can go up to x50 or even x60. Players do need to wager way more in order to complete them, but usually, these requirements apply to big bonuses. While big bonuses might seem more attractive, you should keep in mind that these promotions are usually aimed at seasoned gamblers or those with bigger playing budgets.
Low wagering requirements and their advantages for players
CasinoAlpha explains that low wagering bonuses can benefit players in several ways, including fairer chance of withdrawing winnings, lower personal money risk, alignment with UKGC regulations, more gaming flexibility, better value, and accessible with small deposits. The lower the wager requirement, under 30x the deposited or received sum, the easier it is to convert bonus funds into cash. Low wagering presents advantages for players seeking responsible gameplay.
Why completing the wagering requirements is essential
When you use any type of online casino promotion, you should keep in mind that not completing its requirements can lead to the cancellation of the bonus. While some players might feel that this is not fair, they must remember that a bonus, regardless of its type, represents, in fact, free funds, so it makes sense that it should have some strings attached. Otherwise, all players would try and only withdraw the funds, which would, of course, lead to the casino losing money.
Gambling strategies that can help you make the best use of your bonuses
In addition to reading and understanding the T&Cs, choosing the right games is also essential when gambling. Only play the games you know and understand – if you enjoy your game and like it, you are already a winner.
The importance of setting a budget and gambling in a responsible manner should not be overlooked. This is the best way to ensure that your session won’t turn into a negative experience and you won’t risk any type of gambling-related harm.
This article provides information about wagering requirements and online casino promotions. It is for informational purposes only and does not constitute legal, financial, or gambling advice. Readers should always check the terms and conditions of specific promotions and gamble responsibly.