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How does a wager work?

A wager refers to the amount of money you stake with each hand of cards, spin of reels, or sports match. It can also refer to the amount of money that you bet overall, in a session or specific time period.

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Wagering Requirements Explained: Updated Guide for Beginners

October 31, 2019 Lyza Hayn

First, you need to learn a thing or two about wagering requirements.

Get started with this comprehensive guide to bonus wagering requirements to discover:

What is wagering and how it has an impact on your casino bonuses and gameplay.

How to calculate, meet, and beat wagering requirements explained in full.

How to make the most of your freebies and the best way to wager casino bonus.

What is a Wager?

In order to understand what are the wagering requirements, you have to first understand what is a wager.

That part is simple:

A wager, simply put, is simply a bet.

But what does wager mean at your online Casino? A wager refers to the amount of money you stake with each hand of cards, spin of reels, or sports match. It can also refer to the amount of money that you bet overall, in a session or specific time period. Honest Bonuses, No Surprises Looking for a good site to play online? Betway gives you games, bonuses, and TRANSPARENT terms and conditions! Play Now

What Are Wagering Requirements?

When you sign up at a new online Casino or take advantage of a promotion at one you already play with, you'll encounter any number of bonus offers.

These include things like free spins, free bets, and cash bonuses.

Seems awesome, right? Well, these offers come with strings attached — and those strings are known as wagering requirements. These requirements are stipulations which state that you must wager a certain amount of money before you can withdraw the bonus or collect any winnings you derive from it.

How Wagering Requirements Work

So, how do wagering requirements work? It's different for each bonus type.

With a cash bonus, you'll have to bet through a specified multiplier before you can withdraw any bonus funds and related winnings. For example, let's say you take a cash Casino bonus with a wagering requirement of 30X. This means that you'd have to bet your bonus amount thirty times over before you can withdraw it and the winnings you get from it.

You may also deal with requirements when you wager free spins.

Since free spins don't come with a cash amount, the multiplier applies to only to the winnings you receive from the free spins. Free bets usually come with requirements as well. Depending on the Casino, you might have to deposit a certain amount before you collect the bonus or only bet on sports with certain odds.

Calculating Your Wagering Requirements

Calculating your wagering requirements is a relatively simple formula. Simply plug in your numbers and you have a baseline:

(Bonus Amount) X (Wagering Requirement) = Total Bet

Let's say you deposit €50.

You receive a match-deposit bonus of €50, and your wagering requirement is 30X.

The formula would look like this: (€50) X (30) = €1,500.

Depending on the casino, you could encounter a sticky bonus. Your initial deposit is also included in the wagering requirements and the formula is changed:

(Bonus Amount) + (Initial Deposit) X (Wagering Requirement) = Total bet

Following the first example, the formula would look like this: (€50) + (€50) X (30) = €3,000.

These numbers seem high, but they aren't incredibly difficult to meet.

You'll be able to use the winnings from the bonus money to make wagers, and if you make them smartly you can usually beat the requirements and have a bit left over at the end.

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Don't want to do the math? You can use a wagering requirements calculator online. This eliminates the chance of human error in your calculations and ensures you know exactly how much you need to bet immediately. Honest Bonuses, No Surprises Looking for a good site to play online? Betway gives you games, bonuses, and TRANSPARENT terms and conditions! Play Now

Meeting & Beating Your Wagering Requirements

In order to meet and beat your wagering requirements, you have to understand the subtler nuances of how they function and learn to play the smart way.

Terms and Conditions

When you have the chance to claim some welcome bonus money or another promotional offer, read the terms and conditions very carefully. The fine print will inform you about all the strings which come attached to the bonus offer, including what the wagering requirements are and what you need to do to beat them. You'll generally have to make a minimum deposit to receive the bonus in the first place. You could have to use a certain deposit method to claim it, and have a limited amount of time to use it. Every online Casino is different, and they all have different rules and regulations when it comes to meeting the requirements.

Choosing Your Casino

Some casinos have wagering requirements of 50X or more, while some require less than 30X. Some also limit the amount of money you can win from Casino bonuses, so it's imperative you do your research and shop around. Choose a casino which has favorable bonus terms, and make sure it has a good reputation among enthusiasts. It must be fully licensed and regulated, simple to use, and have easily accessible customer support in case you have questions or encounter any problems with your bonus.

Choosing Your Games

Different games will contribute different percentages of your wager to the requirements.

Find out which games qualify and what percentage of your wager they contribute, then play the games which give you the most bang for your wagering requirement buck.

Online Slots commonly contribute 100% of your bet to the requirements.

Table games and card games, on the other hand, may contribute just 50% or even less. You'll find you meet your requirements more quickly and easily if you choose to play the Slots.

Play the Right Way

You know that Slots are likely to help you meet your wagering requirements more rapidly, but not all Slots are created equal. It's important to pay attention to the variance of your games and the RTP (Return to Player Percentage). Games with a lower RTP have a higher variance. They don't pay out as often, but when they do, they pay out larger amounts. If you're trying to meet wagering requirements, play these types of games at the beginning. This will allow you the chance to significantly increase your bankroll, and insure yourself against possible losses in the future. Once you've padded out your bankroll, take it easy and play lower-variance games. These will have a high RTP, meaning they pay out smaller amounts but more consistently. They are a safer bet because they don't diminish your bankroll as easily and allow you to keep more of your winnings over time.

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Opting Out

Don't want to worry about wagering requirements? You can choose to opt out of the bonus entirely. Sometimes casinos will have the option readily available, but you may have to contact customer support to convey your wishes.

No-Wager Casinos

You can also find an online casino without wagering requirements.

These no-wager casinos are becoming more popular because their bonuses come with less stipulations, but you normally won't see crazy amounts of free cash. However, a small amount of bonus money or wager free spins can be just as profitable. Both of these bonuses generally require a deposit, but will not require you to wager your winnings a specific number of times before you can collect them. Honest Bonuses, No Surprises Looking for a good site to play online? Betway gives you games, bonuses, and TRANSPARENT terms and conditions! Play Now

Wagering Requirement FAQ

Can I withdraw winnings from a free bet?

Absolutely! Once you qualify for the bonus and make your bet, any winnings derived will be credited to your casino account and you can withdraw them anytime. However, you will not receive the stake amount, since the casino paid it for you.

How do you beat wagering requirements?

The best way to beat the wagering requirements is to play Slots games, because they contribute the largest percentage of your wager to the requirements and have a high relative return.

What does 10x wagering requirement mean?

A 10X wagering requirement means that you must wager the amount of your bonus 10X over in order to collect your bonus and subsequent winnings. If your bonus was €10, you'd have to wager €100 to meet the requirement.

What is a 20x wagering requirement?

A 20X wagering requirement means you must wager the amount of your bonus 20X over in order for you to collect the bonus and subsequent winnings. If your bonus was €10, you'd have to wager €200 to meet the requirement.

What is a 50x wagering requirement?

A 50X wagering requirement means you must wager the amount of your bonus 50X over in order for you to collect the bonus and subsequent winnings. If your bonus was €10, you'd have to wager €500 to meet the requirement.

What is wager amount?

The wager amount is the amount of money you use to make a bet. In the case of Casino bonuses, it can also refer to the amount of money you have to bet overall before you can withdraw winnings.

What does no wagering mean?

No wagering refers to a type of casino bonus in which you do not have to meet any wagering requirements. You can collect winnings from this bonus as soon as you get them. The promotion presented on this page was available at the time of writing. With some Casino promotions changing on daily basis, we suggest you to check on the site if it still available. Also, please do not forget to read the terms and conditions in full before you accept a bonus.

pokernews.com - Wagering Requirements Explained: Updated Guide for Beginners

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