Each and every online casino player will almost certainly be frustrated by wagering requirements at some point in time. More often than not, this is caused by a lack of awareness of how they work exactly. For clarity, this informative guide on casino wagering requirements will clear things up for you.
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What Are Wagering Requirements?
Fundamentally, wagering requirements are attached to bonus funds as a means of dictating how many times they need to be played through before players can withdraw the funds as cash. For example, a £10 bonus with 40x requirements would need to be played through to the value of £400 before it would be converted to cash.
Why Do Wagering Requirements?
First and foremost, there would be no online gambling industry if operators did business with a casino no wagering requirements setup. The vast majority of players would simply claim the bonus funds and withdraw them immediately, thus bankrupting their sites. In addition, casinos also apply wagering requirements to prevent criminal organisations from laundering money through the sites.
The Issue of Deposit Requirements
This is easily the most contentious issue for players who have wagering requirement issues. Quite simply, this is because some casinos quote what appears to be a deal of the casino low wagering requirements variety, but then also apply them to the deposit as well. Some sites will even quote requirements in their visual marketing materials, whereas the inclusion of the deposit is only mentioned in the terms and conditions.
As an example, Casino A’s 40x requirements appear high compared to Casino B’s 30x. However, this perception is shattered when the terms and condition reveal that Casino A does not include the deposit, whereas Casino B does. Essentially, Casino B’s 30x requirements function like 60x.
Requirements Have a Time Limit
There is a time limit when clearing play-through requirements, as casinos place expiry dates on the bonus funds they provide. While some will give players seven days, others might allow up to a month. Always make sure to check the duration of the bonus funds, as these will be withdrawn if they are not cleared or used up in time.
All Wagering is Not Equal
A common misconception for first-time players is that they can wager on any games to clear their bonus funds. If this were possible, everyone would rush for the roulette tables or blackjack and then let the even-money bets carry them to glory. Honestly, it would be too easy for criminal to launder their money if was possible. Below is a breakdown of what to expect from casino game categories and wagering requirements.
With thousands of different outcomes, slot games fit the bill as not being a money laundering threat. As a result, casino sites will apply the standard wagering requirements to slots.
Essentially, slots count 100% towards to clearing bonus funds, but this can drop for other gaming categories. It is also possible to encounter specially designed slots where they do not contribute 100%, but these will be listed in terms and conditions.
Red/black and odd/even bets deliver even-money payouts and are close to 50% in their occurrence. As a result, this is exactly the type of game that could break wagering requirements.
By and large, roulette is excluded from being able to clear requirements, but there are rare instances when a casino might let them contribute 10% requirements. For example, 40x requirements would become 400x.
Blackjack is often included alongside roulette under the umbrella term of table games. However, there might be times when roulette cannot contribute towards requirements but blackjack can do so at 10%, like in the example above.
Comparatively, blackjack requires decisions on every hand, whereas roulette players can set automatic betting on even-money bets, which is why blackjack is sometimes okay to play.
Given that a £10 bonus with 40x requirements needs to be wagered to the value of £400, there is no quick fix to let you clear the funds. At this stage, if you actually want to change that bonus into cash, what you have to be is patient. An impatient strategy might lead to you blowing the funds.
Before trying to clear funds, look at the wagering contributions for each category. This will likely confirm that slots are the most effective, as they will contribute 100%. Therefore, you need to stick with a slot game that churns out frequent funds to ensure that you are cycling the bonus but not losing it, as there will be losses on most spins.
When cycling the funds, it is smarter to play at the lowest line value and set automatic spins. Basically, this is because you get closer to the return to player rate quoted by the slot. Bonus funds can be cleared in this way, but you need to be patient and steady – good luck!