In the realm of online casinos, wagering is a buzzword: you’ll find it in almost every article and in every set of terms and conditions. But, exactly, what does this imply? To put it simply, a wager is a monetary stake placed on a specific casino game, such as video slots, roulette, poker, blackjack, baccarat, bingo, or even live dealer casino games. To put it another way, it’s the amount of money you spend at online casinos playing games.
When you join a casino and collect your welcome bonus, the money you get will be subject to various terms and conditions, including wagering requirements. These conditions generally state that the money must be wagered/played a certain number of times before any profits may be withdrawn.
The number of times the same amount of money must be wagered varies a lot, but 35 is a reasonable average. As a result, wagering requirements are the rules that come with a casino bonus, and you are agreeing to spend a lot more money than you initially received.
The reasons for such regulations in online casinos are really fairly understandable. For starters, such regulations prevent criminals from using casinos to launder money by depositing large sums of money and withdrawing it rapidly.
Second, these wagering restrictions prevent customers from joining up for several casinos at once, resulting in less excessive gaming. Of course, the great majority of casinos do not impose any wagering restrictions on your first deposits, so you may play them as usual and withdraw any wins. Having said that, some casinos do have a minimum withdrawal limit, which can be as little as $10 in some cases.
How to Calculate Casino Wagering Requirements
It’s critical to understand what these casino wagering requirements entail and how to calculate them before visiting a casino.
Let’s assume you’re ready to join a casino that offers a 100% match bonus on your initial deposit up to $100. This means that if you deposit $100, you will receive $200 in bonus funds to play with.
However, you’ll notice in the offer’s terms and conditions that this free money has a 20x wagering requirement. That means you’ll have to wager the $100 bonus sum at least 20 times before you can cash out any wins. This also implies you’ll have to gamble (or play) $2,000 before you can cash out any profits.
No Wagering Casinos Explained
With the foregoing in mind, it should come as no surprise that no wagering casino bonuses are precisely that: bonuses with no wagering requirements. Of course, they are uncommon, but due to their apparent appeal for many players, they are growing in popularity.
These no wager casinos bonuses often called wager-free bonuses are generally divided into two categories. These come in the form of either a no wager no deposit bonus, which is extremely unusual (we haven’t discovered any as of writing), or free spins with no wagering restrictions.
These bonuses enable you to immediately utilize the money or free spins that the casino has given you, as well as withdraw any wins you have earned – however, some casinos may need you to make a minimum deposit before you may withdraw.
Some players may be wondering how casinos can afford to give away free money or free spins, and the solution is very straightforward. To begin with, these benefits are typically little in comparison to standard sign-up bonuses or cash-backs. Second, they rely on their goods to keep gamers returning for more, depositing and playing on a consistent basis.
So, if these perks piqued your interest, we recommend that you have a look at our top table above. As previously said, such casino bonuses are uncommon, but we have compiled a list of ten for you to select from. Also, bear in mind that casinos typically impose a time restriction on how long you have to a) claim your no wager bonus and b) spend it.