Wagering is a fundamental concept in online casinos, especially in the context of unlocking wagering bonuses. Wagering requirements dictate the number of times you must bet a certain sum before becoming eligible to withdraw any winnings. Here’s an in-depth look at how wagering works for online casinos!
What Does Wager Mean?
Wagering is usually just another word for betting. When you place a wager, you are betting a certain amount on the outcome of an event or a game, like sports games, roulette, or slot spins, hoping your prediction is correct.
What is a Wager in Betting?
In the context of wagering bonuses and wagering requirements for slots, "wagering" refers to the specific conditions and actions required to unlock and withdraw bonus funds or winnings associated with a casino promotion or bonus offer. Here's a breakdown.
When you sign up at an online casino or participate in a promotional offer, you may receive a bonus, such as free spins or bonus money. These bonuses typically come with wagering, playthrough, or rollover requirements. Wagering requirements are conditions the casino sets that specify how much you need to bet using the bonus funds before you can withdraw any winnings or the bonus itself.
Let's say you receive a bonus of $100 with a 30x wagering requirement. This means you must wager a total of $3,000 (30 times the bonus amount) before you can cash out the bonus itself. To meet the wagering requirements, you must continue playing slots with the bonus funds until you've reached the specified total wagered amount. Simply bet on spins; the game will tell you how close you are to hitting the requirement. Once you've successfully met the wagering requirements, you can withdraw any remaining bonus funds and winnings as real money, which can be cashed out or used for further gameplay.
Why is Wagering a Thing?
Wagering has become a prevalent feature in the world of online gambling. Wagering bonuses are essentially incentives online casinos and betting platforms offer to entice players. They come in various forms, such as free spins or bonus funds. However, these bonuses often come with wagering requirements, which serve as a means for casinos to attract players while safeguarding their interests by ensuring that players continue to engage with their platforms and games.
What is a 35x Wagering Requirement?
A 35x wagering requirement is very common in online gambling. In simple terms, a 35x wagering requirement means that you must wager the specified bonus amount or the bonus plus deposit amount a total of 35 times before you can withdraw any associated winnings as real cash. This requirement serves as a condition set by the casino to prevent players from immediately withdrawing bonus funds without actually using them to play games or place bets. Here's how it works.
Bonus Amount: Let's say you claim a casino bonus of $100, and it comes with a 35x wagering requirement. This means you need to wager a total of $3,500 (35x$100) before you can cash out any winnings from that bonus.
Bonus + Deposit: The wagering requirement may sometimes apply to both the bonus and deposit amounts. For example, if you deposit $100 and receive a $100 bonus, and there's a 35x wagering requirement on both, you would need to wager a total of $7,000 (35 times $200) before making a withdrawal.
Meeting a 35x wagering requirement could take some time and strategic betting, but it's easier than it sounds.
Understanding Wagering Requirements
It's important to bear in mind that wagering $3,500 doesn't require you to win (or lose) a certain amount. In almost all cases, players make numerous wagers that far exceed their losses. Most slot machines yield payouts every few spins according to a payout percentage known as RTP (Return to Player).
For a normal slot with 95% RTP and a $100 bankroll, players will win some and lose some, but they can expect to lose around $5 over the long term. Fulfilling the wagering requirement should be a breeze if applying the right strategy. Here’s how to do it:
Wagering Calculator
Wagering requirements are a common aspect of online gambling, and understanding how they work can help you make the most of casino bonuses and promotions. To navigate these requirements more easily, consider using a wagering calculator. But how do you use one, and why are they helpful?
A wagering calculator is a simple tool designed to help you determine how much you need to wager to meet the requirements of a casino bonus. It simplifies the process of calculating the total amount you must bet before you can withdraw bonus funds and any associated winnings.
To effectively utilize a wagering calculator, gather the necessary information, including the bonus amount received from the casino, the wagering requirement multiplier, and any game contributions specified in the casino's terms and conditions. Once you have this data, just input it into a wagering calculator to determine the requirement.
How to Beat Wagering Requirements
Wagering requirements are often seen as a challenge to overcome in order to convert bonus funds into real cash. To effectively beat these requirements and maximize your chances of success, here's a step-by-step guide:
Research: Begin by thoroughly comprehending the specific wagering requirements tied to your claimed bonus. Delve into the bonus terms and conditions to grasp details such as the wagering multiplier (e.g., 30x, 35x), eligible games, and the bonus's expiration date. A solid understanding of these rules is the foundation for a successful strategy.
Game Selection: Not all casino games contribute equally to fulfilling wagering requirements. For instance, slots often contribute 100%, meaning every wager counts fully toward the requirement. Live dealer games usually contribute around 20%, while games such as video poker might not contribute at all.
We encourage you to opt for low-variance games like classic slots that provide frequent but smaller payouts. These games enable you to play longer without huge fluctuations in your bankroll, helping you reach the requirements more easily. Here are our game recommendations:
- Floating Dragon
- Big Bass Bonanza
- Dragon Hot Hold and Spin
- The Great Chicken Escape
Keep in mind that some games may not contribute 100% to wager requirements. Always consult the T&Cs!
Bankroll Management: You might be tempted to place larger bets in order to reach the wagering requirements faster, but this puts you at a higher risk of losing all your bonus money. Opt for small bets that don’t eat into your bankroll and minimize fluctuation. Slow and steady win the race!
Leverage Free Spins: If your bonus includes free spins, capitalize on them. Winnings from free spins often come with lower wagering requirements or none. If you’re able, strategically employ these spins to boost your bankroll.
Strategic Withdrawals: Once you've fulfilled the wagering requirement, contemplate withdrawing some of your winnings. This ensures you secure some profits even if you continue playing with the remaining funds.
No Wagering Casinos
If you find wagering requirements daunting, consider exploring online casinos that provide bonuses with no wagering conditions, meaning you can benefit from the bonus wallet immediately. Any winnings are directly added to your withdrawable wallet. Here’s a summary of how no wagering works:
If you’re on the hunt for casinos featuring no wagering promotions, look no further than MrWest! Once you join us and unlock our impressive welcome package, you can continue your gaming journey with us, which includes no wagering bonuses and more!
Takeaways
Wagering requirements are an inherent part of the online casino landscape, and they're here to stay. However, at MrWest, we believe players should also have access to no wagering bonuses year-round! If it sounds too good to be true, register now and experience it yourself.
Responsible gaming advisory:
At MrWest, we are dedicated to endorsing responsible gaming as an integral part of our customer care and ethos. We aim for you to enjoy your casino experience while fully aware of the risks of problem gambling. If you or someone you know is struggling with addictive gambling behaviors, please reach out:
- Gambling Therapy: https://www.gamblingtherapy.org/
- Gamblers Anonymous: http://www.gamblersanonymous.org/
- Responsible Gaming: http://www.responsiblegambling.org/
Additional Resources:
- Casino, J. (2021). No Wagering Explained [YouTube Video]. In YouTube. https://www.youtube.com/watch?v=qfAWBr02yLM
- Casino Professor. (2022, March 3). Wagering Requirements Meaning: What Does Wager Mean? Casino Professor; Casino Professor. https://casino-professor.com/en/casino-guides/wagering-requirements/