For many new casino players in Canada, wagering requirements seem rather alien. However, as Canadian casinos have evolved, the nature of wagering requirements has also changed. With promotions more accessible, Canadian players are spoilt for choice. For the casinos, it helps give them an edge over their competitors.18th September 2020 |
What are wagering requirements?
Essentially, wagering requirements are conditions placed by a casino stopping you getting your hands on money without making a deposit. When signing up to an online casino, you will need to make sure that you fulfil a wagering requirement. In this article, you will discover how wagering requirements work.
What is a high wagering requirement?
Casinos have wagering requirements to make betting fairer. Sometimes, wagering requirements can be at the higher end of the scale compared to others. Wagering requirements refer to the number of times players have to play through any bonus cash or winnings gained by using bonus cash before they can withdraw this money from their account.
High wagering requirements are generally ones that are above x35. If you used, for example, a deposit bonus offer that was a 100% match to CA$40 with a x40 wagering requirement, then you would have to play through CA$40 40 times, which would be a significant CA$1,600.
Most wagering requirements tend to be around the x35 or x40 mark, but some can go up to the x100 point.
What is a low wagering requirement?
A low wagering requirement provides more bang for your buck, as wagering requirements compared to other casinos are much lower. Therefore, you can increase your bankroll quicker.
Typically, Canadian casinos offering wagering requirements below x40 are considered low wagering casinos. Some will offer wagering requirements such as a x10 or x20 requirement, which may suit some players more than others.
How can I calculate wagering requirements?
As mentioned previously, wagering requirements assess the number of times you play through any bonus cash before you can use your winnings to withdraw this money from your account. This can be illustrated in a couple of steps:
- If you have a CA$10 in bonus cash and the wagering requirement is x20, then you must play that CA$10 20 times through before you can retrieve any money.
- Therefore, CA$200 would have to be wagered if you are to win back bonus cash.
Why do casinos and betting sites have wagering requirements?
While it might seem hard to understand at first or rather harsh for wagering requirements to be part of the fabric of casinos, they are there so that players don’t take advantage. In essence, wagering requirements are a way of ensuring that bonuses are equally spread out among users who sign up for the platform. Wagering requirements only really become a problem when casino and betting sites make them too restrictive.
Ultimately, the aim of having wagering requirements is to retain the loyalty of players rather than letting them walk away.
Where can I find information about a casino’s wagering requirements?
A good starting point is to check the terms & conditions before committing to a casino site and playing. Generally, you will find these when you are looking to play with a specific bonus. Here, you can find information on selected games that bonuses are valid for as well as the minimum and maximum amounts you can bet with.
As always, it is best to shop around for the best deal. All Canadian sites will have been reviewed, and you will be able to see all of their promotional offers as well as the wagering requirements.
What are wager-free casino bonuses?
Some Canadian casino sites will offer free spins with no deposit and no wagering requirements. This means you do not have to play through the cash you have received. Offering free spins with no wagering requirements is a deliberate strategy on the part of casinos to tempt new players to join their site.
It is a great way to retain the loyalty of new users as it makes it a lot easier for them to withdraw any winnings. Nevertheless, free spins with no wagering requirements are pretty rare these days. Having such promotional offers can be quite expensive for online casinos.
It is always best to pounce on any no wagering offers as soon as they come up as they can expire quite quickly.
Where can I find wager-free casino bonuses?
Trawling through sites can be quite exhausting. However, there will be some handpicked casinos that specialize in this area. Among them include 7Casino, which is a relative newcomer to the scene.
All casinos will clearly stipulate information about their wagering requirements in the terms & conditions section of their site, and promotions concerning bonuses that are wager-free will also be visible.
Can I beat online casino wagering requirements?
Some wagering requirements may appear to be rather daunting at first glance, especially if some players are on a budget and are trying to dig out some good-value bets. While it can take some time to meet wagering requirements, especially if they are x40 or above, in the long term they can be beaten.
Although a degree of patience has to be exercised, there are a few ways that you can overcome the wagering requirements. Firstly, make sure that you fully read all the terms & conditions on the casino’s site. Secondly, pick games that count towards the wagering requirements, such as slots, and stick to games that you know best.
Also, you should do your homework and look to find online casinos that are licensed by a reputable gaming authority.
Wagering requirements on slot games
There are many popular no wager slots and there are some that offer a high Return to Player (RTP) for wagering bonuses. Most slots count 100% towards the wagering requirement.
Even if an online casino has the highest-paying slots, if a game has a lower RTP and does not contribute towards the wagering requirement, players will feel disappointed. You should pay close attention to the wagering requirements of slot games and carefully read the terms & conditions. In this way, you will be in a better position to enjoy more success in the long term.
How do I sign up at betting sites with low wagering requirements?
Canadian players will be inundated with offers and promotions from betting sites vying to get their attention. After scouring the web for a site that you wish to join, you will be redirected to the page where you can find games that have low wagering requirements. We recommend choosing online casinos with CAD available as a default currency for maximum clarity on how much money you’re winning and betting.
From here, you will be asked to fill in your personal details. If there’s a promo code, you will be able to click on it and activate it. After confirming the offer, you will be able to play as you choose.
What is the future of online wagering requirements?
Online casinos are always coming up with innovative and dynamic ways to tempt players to join their sites. Recently, there has been a trend in fresh bonus offers coming up every few months.
With no deposit bonuses gaining traction, as well as wager-free bonuses popping up, users are spoilt for choice. Gaming licences such as the Malta Gaming Authority (MGA) are tightening up regulations and forcing casinos to be much fairer and transparent. This means that low wagering and even no wagering requirements will feature far more often as the online casino industry continues to boom.
Popular questions about wagering requirements
Can I avoid online casino wagering requirements?
Ultimately, you can’t avoid wagering requirements at online casinos. If you don’t want the hassle of wagering requirements, then you can renounce your bonuses, but we wouldn’t recommend that.
While wagering requirements may be a constraint, a casino bonus can boost your playing bankroll by twofold and sometimes threefold. You will have ample time to play the latest slot machine. Before you know it, you will have met the wagering requirement and you will be free to make a withdrawal.
Are wagering requirements a scam?
No, wagering requirements are not considered a scam as long as casinos are upfront about the requirements. It is only a scam if a casino refuses to pay out if all the conditions of the wagering requirements are met.
Some casinos may restrict bonuses with high wagering requirements – i.e. above x40. Therefore, it is always best to conduct your own research and shop around to look out for the most attractive promotions with low wagering requirements.
What happens if I don’t complete the wagering requirements?
You should never sign up to any promotion or deposit money before you are completely clear on the conditions of the wagering requirement that need to be met before money can be withdrawn.
Otherwise, failure to meet any of the wagering requirements will result in the bonus money, and winnings deriving from the bonus, being removed from your playing account.