Online Casino Wagering Explained
And to sum up, here is the formula to calculate the casino bonus rollover. Deposit $100 + $100 Bonus = $200 x Rollover Multiplier (depending on the bonus) Conclusion. Casino rollover requirements are a necessity for the online casinos to protect their assets and livelihood. With the online gambling marketplace becoming so competitive, it is perhaps no surprise that gambling sites use clever marketing ploys in order to entice new players their way. One of these tactics is through seemingly generous sign up or welcome bonuses, which grant new players a host of free bets or cash bonuses for opening an account with them. These can take the form of matching your first deposit.
You’ll definitely see it sooner or later. The term “wagering”, related to online casino games activity. It may seem complex, but don’t worry – its explanation is actually simple as beans.
When talking about casino, wagering simply means the amount of money placed on every single game or part of game. It seriously differs from deposit. Let’s take a deeper look how.
Deposit is the initial amount of money which you put to your casino account. Say $100. Now you have your $100 there and everything is under control. It’s up to you whether you will play with it, you’ll do nothing and keep it there or you will withdraw it back to your bank account or e-wallet. Up to this moment there is no wagering. You have just moved a hundred bucks from one place to your casino account. So, this is depositing.
What’s next? If you have deposited to an online casino, most probably you’d like to enjoy some games. You start using the money in your casino account to play games and this process is called wagering. Let’s use a simple example:
With your $100 you decide to play slots, betting $1 on every single spins. This is (at least) 100 spins, right? At least, because at some point you may be winning which will give you chance for more games. Say, in the middle of your session you win $50 and you decide to use them the same way. In this case, in the end of your session (no matter if you have won or lost) you have wagered $100.
Again, wagering is very different from what you have deposited and what’s currently available in your online casino account. After the session in the example you may have $0, or $1000, or whatever. But what you have available has little to do with the wagering itself – you have wagered $100 and that’s it.
WAGERING REQUIREMENTS
You’ll often see this condition when it comes to the popular casino bonuses. That simply means that you have to wager some amount in order to be eligible to fully receive your bonus. Let’s use a simple example again.
You deposit $50 and you know the casino offers first matching first deposit bonus. Which means you instantly get another $50 as a welcome gift from the casino. But the wagering requirements are $150. So, with your already $100 bucks available in your casino account you start playing and as a normal session usually goes you will have ups and downs. The important thing here is to wager $150 in order to take advantage of the bonus. Which in general is much easier to accomplish if you use low risk games.
All In Wagering
So, deposit smart, wager smarter, enjoy your games and always play for fun, but not to chase richness!
Good luck!
With the online gambling marketplace becoming so competitive, it is perhaps no surprise that gambling sites use clever marketing ploys in order to entice new players their way.
One of these tactics is through seemingly generous sign up or welcome bonuses, which grant new players a host of free bets or cash bonuses for opening an account with them. These can take the form of matching your first deposit with free cash, free bets when you stake X amount, or even just free money – no questions asked.
That sounds pretty good, what’s the catch?
The only fly in the ointment from a punter’s perspective is wagering requirements.
What are wagering requirements?
These are essentially the hoops that you will have to jump through in order to get your hands on your bonus and any winnings that come from it. This is generally known as the ‘play through’, and will state how much money you need to stake in order to activate your bonus and profits.
Luckily wagering requirements, or play through, is always low for sports bonuses and free bets.
The majority of wagering requirements are also accompanied by a list of terms & conditions as long as the Magna Carta too, so it pays to become acquainted with these as they will outline exactly what you need to do to secure your bonus or free bets.
How Do They Work?
Some examples:
So let’s say that your chosen a deposit bonus which has granted you a welcome bonus of 100% up to £200. Thanks very much!
But there’s a clever bit of wordplay here when you look closely: up to. So it could well be less. This amount is directly linked to your first deposit amount so if you only fund your account with £10 you only get a £10 bonus.
This will all be outlined in those pesky T’s & C’s, so do take the time to check.
To be able to withdraw your bonus if you deposited £50 these are the requirements you’d need to meet:
- You are given a £50 bonus
- A stipulation of 3x deposit + bonus amount wagering requirement is in the T&C’s
- You will thus need to stake a total of £300 to release your bonus cash.
- Any winnings and your bonus will then be transferred to your account balance and you can withdraw or continue betting.
When you look at it that way, it’s not surprising that some people get a little annoyed with welcome bonuses as they’re not always as they seem on the surface. Are they a scam? No but you do need to do your homework.
The 3x wagering requirement is obviously a hugely favourable one for the player, and in most cases will be a lot higher – casino bonuses for example are usually between 20x and 50x.
Tiered wagering requirements
Low Wagering Casino
Sometimes a gambling site will offer what is known as a tiered wagering requirement, which is a staggered collection of payments. An example might be:
| Time Limit | Requirements | Bonus |
| 7 Days | £20 | £20 |
| 30 Days | £250 | £30 |
| 60 Days | £500 | £50 |
In this example, even though the tiered wagering requirements make it seem slightly different, the ultimate bottom line is that you need to wager a grand total of £500 within two months of opening your account in order to access your £100 worth of total bonuses.
And whilst this will make it ‘more affordable’ for you, e.g. playing in installments rather than all at once, at the end of the day the financials are still the same.
Wagering Requirements: An Overview
Hopefully this has given you an insight into the sometimes murky world of wagering requirements, which are a bit of a pain after being promised such a great deal by your casino or bookmaker.
But it makes business sense for an online gambling platform to do this; to entice new customers but to protect themselves financially. It is a perfectly legal and above-board way of generating new custom.
As the old saying goes ‘only fools rush in’, so do take the time to read the terms & conditions as specified by your provider. The wagering requirements will be clearly stated here, and ultimately it is your responsibility to understand the implications of accepting a sign up bonus or offer.
Unsurprisingly, many of the complaints that casinos and bookmakers receive are from customers who claim they didn’t know about any wagering requirements, and want their bonus cash pronto. Well, they should have read the T’s & C’s then….
As soon as you sign up for a new account, you have accepted the terms of the sign up offer. There’s no going back now.
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