Bonus Wagering: Best Strategy to Wager an Online Casino Bonus
It's now custom for online casinos to offer their new bettors' free bonuses in form of free spins, free slots or games for registering with the casino or for making their first deposits. The most occurring kinds of bonuses are the Match Bonuses, where the online casino pays back the player by doubling their deposit; and the No Deposit Bonus, where the online casino or slot just gives the player free money or free spins to play with upon signing up. Both the bonus and spins perks are meant to persuade the new player to take part in all games on offer at the slot.
- Many online casinos use bonus offers to entice you to sign up
- Some of these offers come in form of free spins and free games
- Bonus offers come with their different wagering requirements
- Some bonus offers are sticky bonus offers while others are non-sticky
Shortly after the establishment of online casinos and slots, the industry saw a general abuse of the bonus system that ended up putting big holes in their pockets. Players opened several accounts to fraudulently benefit from the free signup bonuses and instantly cash them without even gambling. To avoid the enormous financial risk that the online casinos were taking by offering their bettors these free bonuses and free spins, a new system had to be introduced known as the Wagering or Playthrough Requirements. These prerequisites helped guard the casinos from being defrauded and are hardly a problem for genuine punters who have fun gambling at the casinos.
Wager and Wagering Requirements
Basically, a wager refers to money you bet which is spent on online casino services such as slots, and other games. The bonuses are usually followed by wagering requirements. The required number of times a punter has to play the bonus before such punter is permitted to carry out any cash withdrawal is referred to as the wagering requirement. These bonuses also have terms and conditions stipulated by the online casinos or slots which may include max bets or certain game restrictions. It is important to look at the terms and conditions as most players are in such a hurry to begin playing, they don’t read the terms and conditions which increases their chances of breaking the bonus terms and losing the wager.
After signing up to an online casino and receiving the bonus, this could be in form of free spins or money for making your first deposit, it’s very likely you’ll be required to fulfil certain wagering requirements before a withdrawal is possible. Your bonus money and the associated winnings won’t get changed into actual money for withdrawal where you fail to meet up with the wagering requirements.
Importance of Wagering
The vicious competition on the market drives casinos to offer new bettors these advantageous bonuses and free spins for gambling on several games for the purpose of winning them over. An instance is gifting new players welcome bonuses. A deposit bonus is basically money the casino gives to a new player freely, but as an Online Casino is profit-driven, the act of giving out money for free gambling and to play games or with no sort of prerequisite is not “profit driven” and will hardly benefit the casino. Hence wagering becomes not only necessary but also useful.
Online Casinos and slots implementing wagering requirements also helps to combat money laundering. This is because there’s a possibility a criminal organization could end up depositing large sums of cash and make swift withdrawals to their bank accounts in the absence of these wagering requirements, under the cover of winnings from gambling even without playing any of the games.
How to Calculate Your Wagering Requirements?
The fundamentals below are crucial to know how to get the best strategy to wager an online casino and beat wagering requirements.
After registering on an online casino, for instance if such casino offers a 100% match bonus up to $100 with 30× wagering requirements to new players. Using this information, the wagering requirements would be calculated like this:
$100 (casino bonus) × 30 (wagering requirements) = $3000.
Therefore, the calculation will be something like:
Bonus x Wagering requirements = Amount to be played through
In this example, $3000 is the playthrough requirement (the total amount that must be wagered by the player) before a withdrawal can be requested. However, the bonuses being offered to the player by the casino may be a sticky, and in this case the player’s deposit plus the bonus amount is used when calculating the wagering requirement. Thus, for a sticky bonus using the same parameters in the first example, the wagering requirement would be calculated thus:
$100 (your deposit) + $100 (casino bonus) × 30 (wagering requirements) = $6000.
Thus, the equation would be: (Your Deposit + Bonus) × Wagering requirements = Amount to be played through
Also, online casino bonus calculators are available with which you can simply put in the required details.
Understanding Sticky and Non-Sticky Bonuses
To get a proper strategy that works at the slots and other games at the casinos, you need to understand the sort of bonus being offered.
While some casinos are generous and gift the player a 100% match on their deposit up to a ceiling of $600, others only reward the new punters with little amounts. Sticky bonuses are common among such bonuses given by casinos. Those bonuses which can’t be withdrawn from the online casinos are referred to as sticky bonuses, they’re quite different from normal bonuses. Normal bonuses are of two types: a deposit match bonus which is a bonus given to you to play with as a percentage of the amount you deposit; and a no deposit bonus which does not require any initial deposit before you can receive the bonus and begin to play.
If after you play and fulfill your wagering requirements, the casino allows you to withdraw earnings from your win including the bonus acquired after your registration deposit, then that would be a non-sticky bonus. Here, it's easier as you're permitted to withdraw the bonus and make some profit. This is without a doubt the more preferred kind of bonus.
It is therefore easy to assume that it would be best to always go with non-sticky bonuses rather than with sticky bonuses. However, the player gets to hit the tables with a huge start up balance with sticky bonuses. When compared to a normal bonus, a whole lot more money is available to the player with 200% to 400% matches being offered upon the registration deposit, therefore increasing the player’s chances of winning big. You should keep in mind that a significant bankroll is more useful when wagering with a sticky bonus to avoid losing more than you win.
Reading the terms and conditions of the deposit bonus is the number one rule. This is because the online casinos hypnotize players with the dazzling welcome deposit that these online slots offer work, but the players, eager to play, end up not knowing what sort of bonus they been offered. Unsurprisingly, their mistakes are only realized after they’re done playing and try to initiate a withdrawal, as sticky bonuses are usually removed from the bettors account when he or she tries to withdraw it. You can easily check out our betting comparison sites for information on the type of bonuses that some online casinos offer; sticky or not. This will be of more benefit to you as some casinos may use ambiguous words to confuse you.
How not to be Encumbered by Betting Requirements of any Online Casino
Search for and select the proper casino
Prior to signing up on any online casino, ensure the casino has a license from a reliable gaming agency. Any licensed casino is to follow the designated regulations and legislations, this includes keeping players’ information secure together with being trustworthy. Picking the right casino may also involve selecting an online casino with low wagering requirements. This helps improve your bankroll and means your wagering requirements are easy to carry out before you withdraw your earnings.
Read up the terms of the wagering bonus
All online casinos have to strictly comply with the terms and conditions laid down by the gaming agency, such as explicitly stating out relevant terms and conditions. Among these, the wagering requirement will be clearly explained, and you’ll get to know if the wagering bonus is a sticky offer or not.
You should never sign up for a bonus you know nothing about. So, ensure you always go through the stated-out terms and Conditions.
How can you Find Casinos that gives Bonus Wagers?
Now that you know the best strategy to wager an online casino, this is surely the next thing on your mind, with the benefits of these wagers, you’re probably itching on how to acquire free bonus wagers with wagering requirements which are not Greek gifts. You need not worry about this, on our online Casino comparison page, we have already done the hard work and provided you with the best online casinos (various casino games like slot games are available here) which offer profitable bonuses. Simply click the link to access a variety of bonuses at your disposal.