Within the wonderful world of online gambling there are many different benefits to be reaped. From playing in the comfort of your own home to cashing in on the competitive bonuses of your casino, the digital world of gambling is one which massively values its players, and rewards them accordingly.
However, with such benefits, as like the rules to all of your favourite casino games including online slot games and roulette, it is vital to learn the complete ins and outs to them. This will ensure you get the most out of the various different rewards on offer, and are not lead on or tricked into false advertising of such benefits, ensuring a more enjoyable, less hassle online gambling experience.
At Casino Market, we want you to have the most enjoyable and hassle-free gambling experience possible, and so have written up this informative guide to help better understand what is meant be wagering requirements. This will subsequently help players to better understand the boundaries of the different bonuses rewarded to them and therefore helping to make the most out of such great offers to be had out there.
So, What Are Wagering Requirements?
Before getting into how they work, it is best to first establish what we mean by wagering requirements in the online gambling world. As a wager means the bet or money spent on a gambling game, when a wagering requirement applies, its usually to elements of the game such as the bonus deals. A wagering requirement for this could be that the player must bet the money from the bonus before making a cash withdrawal and/or must win a certain amount on the game before cashing out.
This is done so that players do not simply get the bonus deal and walk away with the casino’s money. Although bonuses are rewards for players, what must be remembered is that casinos are businesses, and they are therefore trying to make as much money as possible. Bonuses are therefore fundamentally tools used by casinos to incentivise gambling, whilst helping to attract new members and retain existing ones.
How to Calculate Wagering Requirements
Now that the definition of a wagering requirement was been established, another important factor for players to know would be how to work out the wagering requirements for such offers as casino bonuses. This will help to improve your gambling experience, as with this knowledge, players will have the ability to suss out the best deals for their gaming style and stay clear of the ones that aren’t of much benefit.
An example of this, imagine an online casino is offering a casino bonus of £50 when players make a deposit of £20, and that the wagering requirement for this is 5x. This is how you would work out the amount that must be played in order to make a cash withdrawal (deposit included):
£20 (deposit money) + £50 (casino bonus offer) x 5 (casino wagering requirement) = £350
In this example, you would have to wager £350 before being allowed to make a cash withdrawal. This further shows it is always important to calculate the wagering requirements before signing up to an online casino and taking a bonus offer up. Therefore, although bonuses are offered as rewards and benefits for the players of a casino, calculating the wagering requirements shows that at the end of the day, the casino houses are still businesses, and are not going to let you walk away with their money that easily.
Where to Find Wagering Requirements
To pick the best bonuses, players must therefore find out the specifics of an offer’s wagering requirements. These can be found in multiple different places within a casino’s site detailing a particular bonus, the main sources for such being as follows:
- Terms and conditions.
- Customer support.
With there now being numerous regulations and laws that have made bonus wagering requirements overtly visible for players, you can find them displayed in the advertisements a such offers and rewards. If not directly stated in such advertisements, the specifics to such wagering regulations can also be found on pages of the casino site linked to the advertisement that provides further details of such offers.
Terms and Conditions
If the wagering requirements for a specific bonus are not displayed in its main advertisement and information pages, online casinos also have a legal responsibility to provide the wagering requirements clearly in a bonus’s terms and conditions. Therefore, with all reputable and legal online casinos, you should always find the specifics to such requirements here.
Knowing where to find these requirements will not only help players in their evaluation of particular bonuses and offers, but also in knowing whether a casino site is in keeping with online gambling legalities. This further helps to filter out sites that are not following such regulations and are therefore less trustworthy, safeguarding a player’s online gambling experience.
If you are still unsure or confused about the wagering requirements detailed in either the advertisements or terms and conditions for a bonus, speaking to someone from the casino’s customer support centre can help to clarify any confusion, and help to understand a particular requirement.
To start your hunt for the best offers out there, why not look through Casino Market, for best online casinos.