Over the past few years, there has been an explosion of casino sites, which has left players spoilt for choice. With the wagering requirements becoming more competitive, players are now at the forefront of every casino’s mind, and an element of fairness and transparency has been introduced.
Essentially, wagering requirements are a set of conditions that online casino and bingo sites put on their bonus offers, which includes free spins as well as the occasional loyalty reward to stop players abusing the bonuses available to them. To put it more simply, wagering requirements constitute the number of times players must play through any bonus cash or winnings before they can withdraw this money from their account. They typically appear like this online — 20x, 30x, 35x.
For example, if the bonus on offer was ₹100 and the wagering requirement is 20x, it means players need to wager ₹2000 before they can retrieve their money and transfer that to their main account.
It is therefore in their best interests to make sure they know what games are included in promotions on the site, otherwise, they may not be able to withdraw their winnings if they don’t fulfil certain wagering requirements.
Wagering requirements can vary significantly, but typically anything over x40 is considered a high wagering requirement. There has been a move towards high wagering requirements by casinos in recent times, which is intended to protect the casino just as much as it is about protecting the players. If there were no wagering requirements put in place, it would be a lot easier for players to withdraw their cash and then quickly close their account.
Cash spins can go up to x200, and there are strict withdrawal limits put in place by casino websites to stop players from just walking away.
In SuperLenny’s eyes, anything below x40 is deemed to be a low wagering requirement. Some casinos don’t have wagering requirements in place. A popular wager offer to drive new players to their sites is to have no deposit free spins. Players should always take the time to read the terms & conditions before signing up to new casino websites.
Generally, having a lower wager requirement means that players stand a greater chance of meeting that requirement and walking away with the money. Previously, some players would benefit from playing games that had a low house edge such as blackjack or roulette as they could meet their wagering requirements without losing very much.
Casinos adopt wagering requirements as a means to entice new players to their site. Bonuses and free spins are often a good way to try out games or get a feel for what an online casino is like. Essentially, wagering requirements are put in place that are fair and transparent to the player.
If the wagering requirements are too high, then that will deter players, whereas if they are too low, it will make it easier for players to profit from such games. Ultimately, casinos want to attract new players to their site and get them to stay for the long term, hence why bonuses are a key part of their marketing strategy.
When accepting bonuses with wagering requirements attached, players will want to check to see how they’re doing. Most online casinos make this a simple process and players just need to do the following:
Wagering requirements are normally outlined and specified in the bonus terms & conditions. Players need to manage their bonuses and make sure they understand the wagering requirements of each game.
If the requirements aren’t completed, then players can’t withdraw winnings from their bonuses into their main account. Players should ensure they don’t go over their maximum bet and to always read the terms & conditions before they part with their cash. By calculating what they can play with, those that place their bets won’t lose more than they intend to.
Most bonuses will have some form of wagering requirements attached to them. Therefore, players will not be able to withdraw the bonus itself or the deposit relating to the bonus until they have completed the wagering requirement.
If you want to enjoy the best of live casino entertainment, you may be tempted to pick a casino that offers bonuses for live dealer games. Common bonuses include spins on the roulette wheel or a small % of a deposit bonus or even extra cash. Whilst these bonuses can enhance your experience, players should note that they do come with wagering requirements. Usually, these requirements specify what % each live dealer game counts towards wagering. This information should all be made clear within the bonus’ terms and conditions. If players have any further questions, SuperLenny recommends contacting customer support.
Many experienced players may well have noticed that more often than not wagering requirements can be linked to certain slot games. Depending on the type of bonus players can choose any slot, for example, matched deposits. When it comes to Free Spins, the choice of games is more limited. Popular slots linked to free spins bonuses include Microgaming’s famous Starburst slot.