Ah, it’s that dreaded term – ‘wagering requirements’. But what are wagering requirements and what does it mean for you as a player? There’s no need to fret over wagering as long as you understand it, and that’s why we’ve written this blog.
If you went back even just 5 years, you would find that practically all online casino bonuses would have wagering requirements attached, as it was industry standard to do so. What we have actually found in the past few years is that no wagering casinos and bonuses are becoming increasingly popular. The reason for that is for another blog, and so we’re going to focus on those that stipulate a wagering, or turnover requirement.
So, What Does Wagering Mean?
In a nutshell, wagering requirements are the amount of times you must turn a bonus over before you can withdraw any winnings. It sounds more complicated than it is, and this is probably part of the reason why the term is so demonised. So, a couple of basic examples would look something like this:
|Bonus Amount||Wagering Term||Required Turnover|
See? It’s not so difficult. If you claimed your £100 bonus and won £4,000 on your first spin, you would need to play through that full £4,000 before you could take anything from it. In the most simple terms possible, if you’re spinning at £1 a spin, every spin is £1 worth of wagering.
Why Do Wagering Requirements Exist?
Wagering exists for 2 reasons. Firstly, it’s to protect the casino so that a player doesn’t deposit, claim a bonus, then withdraw the whole thing (although free cash would be wonderful). Secondly, and quite frankly, they’re in place to make it harder to win.
Despite what you’re know-it-all friend might say, online slots and casino games are completely random, and the operator cannot not prevent you from winning. What they can do, however, is create rules that say you must play your bonus amount x times before you can take any cash away – and there we have wagering requirements.
What About a No-Wagering Bonus?
No wagering bonuses are fantastic value, as it’s essentially free cash. The draw back however is that they are usually very small amounts, around £5 or so. Don’t get us wrong, £5 free is £5 free, but it’s very unlikely you’re going to walk away with a chunk of money.
A larger bonus, for example a 100% deposit match up to £100 will come with wagering requirements attached, but give you plenty more to play with for a chance to actually land a decent win and turn it over. Playing with £200 (your initial £100 + £100 bonus) obviously gives you many more spins than a free £5 would.
Advice for Casino Bonuses
We’ve compiled a list of our advice when it comes to accepting a casino bonus. It’s worth noting that not only are we avid casino players, we also have many combined years working within the online casino industry.
- Always check wagering requirements
- Look for ‘low’ wagering, such as 20x or 30x
- Avoid 50x and above if possible
- Check maximum stakes
- Check maximum winnings
- Check weightings of certain games
- Choose games with a high RTP
- Always gamble responsibly