Wagering requirements are an essential aspect of online casino bonuses that every player should understand. These requirements dictate how much you need to wager before you can withdraw any winnings from your bonus. If you fail to meet the wagering requirements, you may forfeit your bonus and any winnings you may have already earned.
How Do Wagering Requirements Work?
Wagering requirements are usually represented as a multiple of the bonus amount. For example, if you receive a $100 bonus with a 20x wagering requirement, you will need to wager $2,000 before you can withdraw any winnings. Some casinos may also include the deposit amount in the wagering requirements.
It’s important to note that different games contribute differently to the wagering requirements. For example, slot games usually contribute 100%, while table games and video poker may only contribute 10% or less. This means that if you wager $10 on a slot game, $10 will contribute to the wagering requirements. However, if you wager $10 on a table game that contributes 10%, only $1 will contribute to the wagering requirements.
Why Do Casinos Have Wagering Requirements?
Wagering requirements are put in place to prevent players from abusing bonuses. Without wagering requirements, players could simply claim bonuses, withdraw the funds, and never return to the casino. Wagering requirements ensure that players have to play at the casino and give them a chance to win back their bonus and potentially earn more.
How to Meet Wagering Requirements
Meeting wagering requirements can be challenging, but there are a few strategies you can use to increase your chances of meeting them. Firstly, choose games that contribute the most to the wagering requirements. As mentioned earlier, slot games usually contribute 100%, so they are a good choice if you’re trying to meet the requirements quickly.
Secondly, be patient and play strategically. Don’t rush through your bets as this will only increase your chances of losing. Take your time and make calculated bets that give you the best chance of winning.
Wagering requirements are an essential part of online casino bonuses that can affect your chances of winning. It’s important to understand what they are and how they work to avoid losing your bonus and any winnings. By choosing games that contribute the most to the wagering requirements and playing strategically, you can increase your chances of meeting the requirements and withdrawing your winnings.
