Casinos attract players with lucrative deposit bonuses, free spins and other promotions that give players more to play with. However, these bonuses cannot instantly be converted into cash . Before you can withdraw your money, your bonuses or free spins winnings need to wagered a set number of times. But what are casinos’ wagering requirements? What does this so-called “casino wagering” mean?
What is a casino wagering?
When a player makes a deposit, he usually claims a casino bonus at the same time. Bonuses may vary between casinos, but the most common type of deposit bonuses are also called “match-up bonuses”. The most common bonus that there is sees you depositing anything up to 100€, whereas the casino will match your deposited amount and give you the same amount of money in bonus cash. This bonus is usually represented in the following way:
- 100% and up to €100
While it sure is nice to get more money to play with, this money isn’t yours right away—enter the wagering requirements. Before you can withdraw this additional money, you need wager it a certain amount of times.
Why do casinos give you bonuses and then have you completing wagering requirements?
The reason for this is simple: online casinos are in the business of making money and giving out free money wouldn’t be good for the business. However, they want to make things attractive for the players as well to get them to sign up. Giving players deposit bonuses and free spins is a way of offering them incentives to join and giving them play money to get acquainted with the casino’s game selection, which often consists of hundreds or even thousands of different titles.
Comparing wagering requirements
When comparing wagering requirements between different online casinos, keep an eye on the terms and conditions. There are many differences between casinos regarding the amount that you have to wager. Usually, it is the bonus amount that you need to wager a certain number of times, but sometimes you will have to wager your deposit as well. This means that you shouldn’t just pay attention to the number (20x, 35x, 40x, 45x, 60x etc.).
Case. 100% up to 100€ with a wagering requirement of x40 bonus
If a player makes a deposit of €100, they will receive the maximum bonus amount, which is €100. In this example, you only have to wager your bonus, so the player needs to wager 40 times the €100 (=€4000) before being able to withdraw.
Case. 100% up to 100€ with a wagering requirement of x20 bonus + deposit
In this case we have the same bonus, but the wagering requirement is different. When a player makes a deposit of €100 to claim the maximum bonus, they will have to wager both the deposit (€100) and bonus money (€100) 20 times (100 + 100 times 20 = €4000).
Essentially, both of these examples are the same, just presented in different ways. In both cases, the player is required to wager a total of €4000, before being able to withdraw any of their winnings.
Completing a wagering requirement
Let’s continue with the same amounts mentioned in the two example cases. In both of these cases, the total amount needed to wager was €4000. Before you have completed the wagering requirement you aren’t eligible to withdraw the bonus money. Therefore, it’s actual value can be still considered as €0. To earn the bonus money you need to start betting. Every euro betted euro will be deducted from the wagering. However, there is a catch. One betted euro isn’t always fully deductible as different games may have different wagering terms.
To make things more complicated, different games might have different wagering requirements. This is due to the fact that different games give the players different odds. For example, table games such as roulette and blackjack generally have a better RTP (return to player) rate than slots machine. Of course, the worse your odds, the faster you are most likely going to lose. Long story short: you have to have better luck in wagering with slots than you would have in table games.
Wagering terms taken from Casumo:
- Slot machines 100%
- Video Poker 30%
- Casino Hold’em 10%
- Oasis Poker 10%
- TXS Hold’em poker 10%
- Ultimate Texas Hold’em 0%
- Baccarat (all kind) 0%
- Punto Banco 0%
- Roulette (all kind) 0%
- Blackjack (all kind incl. Pontoon and Double Exposure) 0%
- All other games 100%
While at Casumo all slots counted equally towards the wagering, this isn’t the case with all online casinos. Some casinos might have different wagering between different slots. Most casinos are blocking some games altogether. For example, NetEnt’s Bloodsuckers isn’t usually counted towards the wagering due to its very high RTP (Return to Player). Games RTP has been lowered for the sequel, Bloodsuckers 2.
Free spins wagering varies from bonus money wagering since free spins aren’t real money. Just a way to win some and therefore the wagering in free spins applies to possible winnings. If you win 3 euros with your free spins, 3 euros is what you need to wager.
Wagering free spins is quite difficult as the possible winnings are relatively small and often come with high wagering requirements. However, there are casinos that give free spins without any wagering requirements, like casino Rizk for example.
How hard is to complete wagering requirements?
This varies a lot between casinos as some are harder and some are easier but most of them can be completed. It is still always the casino who has the edge but sometimes fortune favors the bold. However, the worst bonuses might not even give a fair chance for the player so it is always a good idea to check the terms and conditions before claiming anything. But worse comes to worst, at least you can play a bit longer with bonus money.