When you play at online casinos, you’ll often see terms like “wagering requirements” or “please wager before withdrawing stake” popping up. This means you have to bet a certain amount before you can withdraw any bonus winnings. Our simple guide explains everything you need to know about online casino wagering.
Understanding Bonus Wagering Requirements
Wagering requirements are betting rules that online casinos set for bonuses. Players must bet a certain amount before they can withdraw their bonus winnings.
For example:
- Bonus: CAD500
- Wagering Requirement: 10x
What does the 10x wager requirement mean in this case? You must bet CAD 5000 before you can withdraw your bonus.
What is Rollover?
A rollover requirement is another way of saying wagering requirements, which is the amount you need to bet before you can withdraw your winnings. If you get a CAD 500 bonus with a 20x rollover requirement, you’d have to bet CAD 10,000.
What is Wager in Gambling?
In gambling, a wager is a bet. If you have to bet before cashing out, you have to bet enough to meet the wagering requirements. Each bet you make counts towards this.
Why Wagering Requirements Are Used in Online Casinos?
Casinos have wagering requirements to protect themselves from losing money on bonuses. Without them, players could claim bonuses and withdraw money without playing. These requirements also encourage players to try the casino’s games.
How Wagering Requirements Impact Withdrawals?
Casinos use wagering requirements as their withdrawal rules to stop players from taking bonuses and withdrawing money without playing. You can only access your bonus winnings when you have met the wagering requirements. Until then, the bonus and any associated winnings are locked.
Some bonuses let you withdraw faster because the bets are smaller. Others let you withdraw without any payout conditions. Check the terms to see how this affects your money.
Types of Wagering Requirements
Knowing the different types of wagering requirements is important for getting the most out of casino bonuses. Here’s a detailed breakdown.
Deposit + Bonus Wagering Requirements
You have to bet your deposit and bonus before you can withdraw your winnings. This is common with match bonuses.
Example:
- Deposit: CAD500
- Bonus: CAD500
- Wagering Requirement: 20x (Deposit + Bonus)
- Calculation: (CAD500 + CAD500) × 20 = CAD20,000
You’ll need to wager CAD2,000 to withdraw winnings.
Bonus-Only Wagering Requirements
This type applies only to the bonus amount. You must bet only on the bonus.
Example:
- Deposit: CAD500
- Bonus: CAD500
- Wagering Requirement: 20x (Bonus Only)
- Calculation: CAD500 × 20 = CAD10,000
You need to bet CAD10,000, half the amount required under Deposit + Bonus terms.
No Wagering Casino Bonuses
No wagering bonuses let you withdraw winnings right away without meeting playthrough requirements. These are rare but great for avoiding bonus restrictions. They are usually offered in smaller amounts or as free spins with cash prizes.
How to Calculate Wagering Requirements
Knowing how to calculate wagering requirements is key to making the most of casino bonuses. Follow a few simple steps to figure out how much you need to wager before withdrawing your winnings.
- Look at the bonus and deposit amounts.
Example: CAD500 bonus + CAD500 deposit.
- Check the wagering multiplier.
Example: 20x wagering requirement.
- Multiply accordingly.
Example: CAD500 + CAD500 × 20 = CAD20,000.
- Consider game contribution percentages.
– Slots: 100%
– Table Games: 10%-50%
– Live Casino: 0%-10%.
Each game affects wagering requirements differently. This game percentage varies: slots often count 100%, while table games like blackjack might only contribute 10%.
Tips to Meet Wagering Requirements Faster
If you don’t know how to use bonuses effectively, they can feel pretty restrictive.
This section explains how to meet wagering requirements and get the most out of your gameplay and casino bonus funds.
Play Games with Higher Contribution Rates
Play slots to win money fast. Most slots give you 100% back, so every CAD10 you bet on slots counts towards your total. To use the most out of your money, bet on slots offering a high RTP (above 96%).
Avoid Games with Low Wagering Bonus Options
Table games like blackjack or roulette often have contribution rates as low as 5% to 20%. This means that for every CAD10 you bet, only 50 cents to CAD2 will count toward your wagering target.
Play For Less To Play For Longer.
Make smaller bets to stretch your bonus funds and meet wagering requirements.
For example:
- You have a CAD50 bonus and need to bet 20 times (CAD1,000).
- Betting CAD10 per spin gives you 100 spins, not 10,000, which might burn through your funds quickly.
Betting CAD1 per spin gives you 1,000 spins, more chances to win.
Common Mistakes to Avoid with Wagering Requirements
Even experienced players make mistakes when betting. Here are the most common mistakes and how to deal with them.
Not Reading the Bonus Terms
Some casinos set requirement limits, like how much you can bet or how long you have to meet wagering requirements. If you don’t read the terms and cashout conditions, you might break them and lose your bonus or winnings.
Also, learn about things like wagering multipliers, eligible games, maximum bet limits and deadlines. Not all players or games are eligible for bonuses. Check the bonus eligibility to see if you qualify. Skipping these terms and conditions can lead to simple but costly mistakes.
Playing Restricted Games with Bonus Funds
Some online casinos have a list of games you can play with bonus funds. Blackjack, roulette and other table games often don’t count towards the wagering requirement.
If you use your bonus on games not on the list, your bets may not be included. Check the eligible games list in the bonus terms.
Leaving Games Too Soon
Don’t stop before you’ve met the wagering requirement. You’ll only get your money back if you do.
If you leave too soon, you’ll undo your progress. Wait until you’ve met the full conditions.
Conclusion
Casinos often have wagering requirements for bonuses. These help casinos regulate bonuses and let players get used to the platform. If you plan, choose wisely, and follow our tips for avoiding mistakes, you can enjoy casino offers without frustration.
