Wager Requirements Online Casinos
Wagering & Playthrough Requirements
- Wager Requirements Online Casinos Near Me
- Wager Requirements Online Casinos Near Me
- Wager Requirements Online Casinos For Fun
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By: CasinoAdvisor.com, Wednesday June 4th 2008Due to the generosity of online casinos who offer players essentially free money in exchange for their signing up and playing and or patronage to an online casino it is necessary for casinos online to apply what's know as wagering or playthough requirements. These requirements are structured and in place to offset the risk that a casino takes by offering bonuses to it's players.
Wagering / Playthough requirements often times are not the most obvious as it's not one of the more attractive parts of the offering provided by casinos but none the less required. It's because of this that they are often times tucked away and not so obvious to find. The most important thing to keep in mind if you're evaluating a bonus at a casino you'd like to play at are the terms and conditions for that bonus which will include details on the wagering / playthough requirement for the particular bonus. Usually the link to the section that within a casino site that will provide the conditions of the bonus will be in either the promotions / bonus page of the casino site or alternatively somewhere below where there is mention of the bonus.
So what exactly is a wagering requirement?
A wagering requirement is a number that represents the number of times you have to playthough either the bonus or the bonus + the deposit at an online casino before you are eligible to cash out. The number that represents the amount of playthough required for a bonus is typically assigned by the risk management team representing the casino. Generally the more generous the bonus, or if it's too good to be true it's likely that they will have imposed a larger wagering requirement for the bonus. Playthrough requirements can range between 15x for the less strict bonuses and up to 40x for the more strict bonuses.
Example:
Let's say the wagering requirement is 20x and the bonus being offered is a 100% match bonus up to $100 free at an online casino and let's say that for the sake of this example you take advantage of the full $100 bonus and so you've deposited $200. Also let's say that the playthrough is 20x your deposit + your bonus.
- Calculation: $200 x 20 = $4000
So in the above example you will have to playthough $4000 worth of bets before you'd meet the wagering requirements for the bonus and be eligible to cash out.
Are there different wagering / playthough requirements for different games?
Wager Requirements Online Casinos Near Me
This is where things get a bit more complicated. Often times casinos will place different percentages on specific games that account for the contribution to meet the wagering requirements. Typically slots wagers will count for 100% of their bet value towards the play through requirement but other games like blackjack & roulette may not count at all or count for very little towards meeting the requirement. The percentages of the contributions for various games at casinos for their bonuses will often times vary and it not overly consistent in the industry. It is however believed that casinos powered by Microgaming software that utilize the 'Clear Play Bonus System' do have standards that are consistent across all casinos powered by their software.
Example:
Let's say the player receives a bonus of $100 with a 20x wagering / playthough requirement at the casino.
He/She then proceeds to bet the following amounts on the following games $30 on Slots, $20 on Video Poker, $20 on Blackjack and $20 on Roulette.
The total amount of the contribution for the wagering requirement would be as follows (note: that this is just an example and that before playing be sure to review the casinos terms and conditions for the bonus so as to know exactly how much each game contributes to your meeting the wagering requirement):
- Contributions: 100% of $30 (Slots) + 80% of $20 (Video Poker) + 10% of $20 (Blackjack) + 25% of $20 (Roulette)
So $30 + $16 + $2 + $5 = $53 has been wagered towards meeting the $2000 wagering requirement.
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Add CommentToo much work is often time needed to figure this stuff out it should all realistically be very straight forward.
Good article guys and way to explain wagering requirements to players I like seeing this kind of thing and knowing that people have an easy way to research this information. I know that for me personally that I've found a lot of value in the information that's presented here on the site.
As a general rule of thumb it's worth avoiding online casinos that have wagering requirements that are in excess of say 50x the deposit and bonus amount combined of course it also depending on the percentage match of the bonus for a 100% bonus this would be the case but for other bonuses such as those where they say offer 200%+ then it's not so bad.
I've always found that wagering requirements are kind of silly and a waste of time to try to interpret as you're playing at online casinos. It's my belief that casinos that do it best are those out there that separate cash and bonus balances so that you essentially always know what you're doing.
I've always thought wagering requirements to be dumb and not necessary but I do truly believe that they server a purpose and more then that have an immense amount of value for protecting the casinos. It's not always good for us players but in the end they're manageable.
Wagering requirements although kind of stupid so make more sense to me know that they're fully understood. When I first started playing at online casinos I really didn't understand what it was all about and why they were needed. I do understand now though and although I think that they're still kinda stupid and all in favor of the casino that they are put into place to protect the casino from bonus abusers.
Sometimes that wagering requirements that are set out by online casinos are ridiculous and really hard to ever even meet. Be sure you fully read the terms and conditions of the bonuses that you take before you do even if it requires a bit of time to read though all their legal gibberish.
Wagering requirements make sense and are OK with me as I know they're designed to protect the casino from fraud but make it easy for players for the love of god. I think that some online casinos need to ease up on their wagering requirements as sometimes they're virtually impossible to reach and this totally isn't something that I agree with!
I really hate having to follow wagering requirements so I always prefer it when online casinos simply do the math for you and separate the two balances. This method of doing thing's just makes it far more clear to players like ourselves.
I fully understand why online casinos have wagering requirements but the way that most of them deal with it is pretty primitive if you ask me. I beleive that if they were to implement a more simple means of dealing with bonuses and withdrawals / cashouts after bonuses have been claimed by players would be beneficial and help keep players around for longer rather then having them flippy floppy between different online casinos!
Make sure that wherever you play that you fully understand the casinos terms. If you're playing at a casino that offers something similar to Microgaming's clear play bonus system where they transfer funds from your bonus balance to your cash balance as you play it's not nearly as important but still at the same time you should have a good clear picture of how wagering requirements work. Also if you are playing at a casino that supports the kind of bonus system that I mentioned you should know that there is different contributions for different games for the transference of the balance.
If there's one thing I've learned about playing at online casinos it's that it's always key to know the wagering requirements of the casino that you're playing at well. Lucky thing is that now a days most of the online casinos make it rather clear by separating out your bonus balance and cash balance into two separate values. It's a much better system and way of dealing with it and it sort of eliminates a lot of the ambiguity in wagering requirements in general.
Wager Requirements Online Casinos Near Me
Wagering requirements are a pain in the but especially when online casinos don't really separate their bonus balance and cash balance. The way that Wizard, Microgaming, and Vegas Technology do this is much better IMHO.
If there's one piece of advice that every player who indulges in playing at online casinos it's that knowing and understanding the wagering requirements of any bonuses that you take advantage of before playing will save you a ton of hassles and headaches. Just as an FYI be sure that you go though them and if you have questions post a question on a message board or alternatively contact the online casinos customer support team for assistance.
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Online casinos are popping up almost every day, and each one of them has devised something ingenious to appeal to potential customers. One of the more popular perks of online casinos is to offer bonus money to new and existing players. These bonuses all have rules for use and withdrawal, which is referred to as “wagering requirements” or “play through requirements”. These requirements will be defined as an amount that must be bet prior to making a withdrawal on the bonus money or any winnings that you have as a result of betting with your bonus. Initiating a wagering requirement is the method that online casinos use to make sure that players don’t just take the bonus money and run. Just what, exactly, are “wagering requirements” and how do they vary from casino to casino?
One of the first things that you will discover about wagering requirements is the “number of times” the amount of the bonus money will have to be wagered before a withdrawal can be made 카지노사이트. This number can range anywhere from 9 times the amount of the bonus to 37 times or more. Each casino has its own number that they have designated. What this means is that if a casino has a wagering requirement of 9 times the amount of the bonus, and your bonus is £25, then you must make enough bets to equal 9 times £25, or £225, before making that withdrawal.
There are also bonuses like the “Sign-On Bonus” that have play-through requirements for the amount of the bonus plus the amount of the qualifying deposit. In this instance, let’s say that you have a 100% Sign-On Bonus up to £150 with a 36 times wagering requirement. You make an initial deposit of £50 into your players account and then sign up for this bonus, giving you £650 with which to play. Before you can make a withdrawal on this money, or any of the winnings associated with it, you must make wagers that total the amount of the bonus (£150) plus the qualifying deposit (£150) times 36. This is 300 times 36, or £10,800. Remember, this is the amount that has to be wagered or bets placed, not the amount of money that will need to be deposited into your account.
Looking at the wagering requirement “number” should not be your only consideration while making a decision on which live dealer casino offers the best bonus money. You will need to be aware of other factors before deciding to accept any bonus money, such as which games qualify towards meeting the play-through requirements and which games are exempt. There are many online casino that boast of smaller wagering requirements, however, the wagers of very few games actually qualify towards meeting your requirements. Additionally, some casinos allow wagers on games like live dealer blackjack or live dealer roulette toward the requirements, but at a reduced rate. For example, for every £10 bet that is placed on live dealer blackjack, only £5 is applied to the play-through requirement; likewise, when playing live dealer roulette, only even money bets like red/black or even/odd will be applied.