Posted by Wagering requirements are an important factor for online bonuses. The requirements are part of the terms and conditions that players must meet before they can withdraw bonuses. Usually, wagering requirements are expressed as a multiple of the amount deposited or bonus received. Some popular wagering requirement values are 10x, 20x, and 40x. In this guide, you will learn all you need to know about wagering requirements.
What is a Wagering Requirement?
Wagers are bets made at casinos using your funds. Simply put, a wagering requirement is the number of times you’re supposed to make bets with a set amount. These are attached to bonuses as a condition to meet withdrawals. It is rare to find a regular or crypto casino with no wagering requirement. If you do not meet this requirement, money made from your wins will not be available for withdrawal. Online casinos use this as a strategy to prevent players from withdrawing bonuses as soon as they are claimed. It also encourages players to spend money on the games available at the casino.
How Wagering Requirements are Calculated
Learning how wagering requirements are calculated is important. If you want to compare promotions from different casinos, learning how to calculate this requirement will help. The formula for calculating the wagering requirements of a bonus is shown below:
Bonus Amount × Wagering Requirement = Total Bet
Therefore, if you receive a bonus amount of €500 with a wagering requirement of 10x, that would become:
€500 × 10 = €5,000
The second formula is used to calculate bonuses with sticky bonuses. Sticky bonuses combine your deposit with the bonus amount for the wagering requirement. The formula for these types of bonuses is:
(Bonus Amount) + (Deposit Amount) × (Wagering Requirement) = Total Bet
If you receive a €300 bonus on a €100 deposit, for a 20x wagering requirement, your total bet will be:
€300 + €100 × 20x = €8,000.
With these two formulas, you are able to determine how much you are required to vet before making a withdrawal. You should also ensure to learn if the bonus is sticky or non-sticky before calculating the total bet.
How Casinos Compare
The wagering requirement offered by casinos usually varies among operators. Wagering requirements commonly range between 20x and 60x. The value of the bonus also plays a huge factor in determining whether the requirement will be high or low. Higher bonus values usually have higher wagering requirements, and vice versa. You should aim for bonuses that have low requirements but a high bonus value. If the bonus has an extremely high wagering requirement, it is best to avoid it.
Strategies to Meet Wagering Requirements
If you want to withdraw bonuses, you must meet the wagering requirement within the validity period. Bonuses that do not meet the requirement during this period will be voided. Here are the best strategies to meet the wagering requirements at online casinos.
Play Familiar Games
Play games that you are familiar with to extend your playtime and bankroll. If you play games you understand, you can win more. Winning and playing more games brings you closer to the wagering requirement. If your preferred game does not have a high chance of reaching the wagering requirement, you may have to find a new game.
High Volatility Slots
High Volatility Slots give players the chance to win rewards frequently. They also have in-game bonuses that ensure you have better chances of winning rewards. Scatter symbols, multipliers, and auto spin make it easier for you to meet the wagering requirements. At some casinos, some slots are excluded from bonus play. Read the terms and conditions to learn what slots are unavailable for bonus play.
Video Poker
Video poker takes 5-hand poker and puts it into a video machine similar to poker. Playing video poker increases your chances of hitting the wagering requirement because of its higher multiples. The games are also faster than traditional poker, as hands are dealt faster. You are also not in a competition with any player, as you’re playing directly against the machine.
Wagering requirements control how players are able to use bonuses. Learning how they work and how to calculate them is an important skill to have. Always gamble responsibly!