Wagering Requirements Explained
If you want to take advantage of casino bonuses, you should always read the bonus terms and conditions. After all, there are a few things to consider.
The bonus amount alone should never be the decisive factor for or against a bonus. This is especially true if you want to cash out the profits made while using your bonus. Pay attention to whether it is real money or bonus money that you receive as part of the offer.
Real money is money that you can use without limitations. You can use it for all games and pay it out as and when you wish to do so. Bonus money, however, is linked to bonus conditions.
While playing with bonus money you can often only use certain games. In addition, the funds are subject to wagering requirements that must be met so that they can be paid out. You will now find out what the wagering requirements are all about.
What is a wagering requirement
The wagering requirements indicate how often you must use the bonus amount as a bet on qualifying games to gradually convert it into real money.
For example, if you have received a bonus of $10 and the wagering requirement is 35x, then you must wager the 10 Dollars 35-times to meet this requirement.
In this example, the wagering requirement comes to a total of $350. This is because $10 x 35 = $350.
If online casinos had to introduce conditions for bonuses, they would not be able to survive for long. For example, if an operator were to give away $10 to each new customer without any conditions, they would probably go bankrupt.
Players would not only receive $10 in cash but also any winnings gained by using this offer. In addition, there have been cases in the past in which players abused bonus offers. The operators had to become extremely cautious, which is why it is usually difficult to meet the conditions.
If you still want to cash out as much of your winnings as possible gained through bonus money, here are a few tips:
- Make sure that the wagering requirement only entails the bonus money and not to the bonus as well as the amount deposited to receive it
- The smaller the wagering requirement, the easier it will be fulfilled
- The lower the bonus amount, the easier it will be to meet the wagering requirement
- Maximum betting limits should either not exist at all or be as high as possible
- If many games are excluded, you can quite rightly assume that those allowed will not make it easy to meet the wagering requirements
How do RTP and Volatility come into play
Having said that, there are indeed games that can speed up the fulfillment of the wagering requirements. These are primarily slots with a high Return to Player (RTP). This is the percentage of the bets that are paid back to the player on average after 100 or more spins. Games with payout rates over 96% are particularly recommended in this context.
At the same time, low volatility can increase the likelihood that your bonus will be converted into real money. This is the term used to describe the behavior of the slot machine in relation to the distribution of winnings. With low volatility, you will usually win more often, but smaller amounts. This in turn is ideal for meeting wagering requirements.
If you intend to pay out as much of the winnings gained through your casino bonus, slot machines with a high RTP and low volatility are therefore particularly suited.
However, there are also players who claim that winning high amounts, even if they are less common, will lead you to victory. The idea behind this approach is that you will have more money to play with and thus a bigger sum to convert the bonus money.
This approach is of course also logical, but a little riskier than the one mentioned before. If you play with high stakes and do not achieve the high winnings you had hoped for, you will quickly lose all your bonus money.
In addition, games with a high volatility and RTP tend to be excluded in the bonus terms or maximum bet limits are in place that cause this approach to be impossible.
Frequently Asked Questions
💬 Why do wagering requirements exist?
If online casinos were to hand out bonuses without any conditions, it would be equivalent to giving away money. This, of course, would have to be discontinued sooner or later so that the casino does not go bankrupt.
💬 What do I have to look out for in a bonus offer?
The amount of the bonus should never be the main reason for choosing a casino offer. Always pay attention to the bonus conditions and how easily they can be met.
If you pursue the goal of paying out the winnings made while using the bonus, you should pay particular attention to the wagering requirements.
💬 When do wagering requirements apply?
If it is not a real money bonus, the bonus is, by definition, subject to wagering requirements.
It makes no difference whether it is free spins, a cashback bonus, no deposit bonus, or a deposit bonus. As soon as bonus money is credited to your account, wagering requirements must be met.