Understanding wagering requirements
If you are new to online casinos, chances are that you have encountered the word wagering requirement. Every online casino with some kind of bonus on offer has wagering requirements that apply to the bonus amount.
In simple terms, wagering requirement is a certain multiple of the bonus amount that the casino expects you to wager in select games before you can withdraw the bonus amount or the extra cash that you have won with the bonus amount. As a rule of thumb, always go for the bonuses which have lower wagering requirements attached to them. Let’s start with an example.
Suppose a casino is offering a 200% bonus of £100 on your first deposit, subject to wagering requirement of 20x on the bonus amount. If you deposit £50 in your account, you will be receiving £50 (cash) + £100 (bonus). Casinos usually segregate the funds in your account into two categories; bonus funds and deposited funds. In this case, you can’t just withdraw the £100 bonus component right away. First, you need to fulfil the 20x wagering requirement, which translates into betting £2000 (20×100) worth of bets on select casino games. You can also use your own funds to fulfil the wagering requirement. After you have put in £2000 worth of collective bets in the casino, you can withdraw the bonus amount along with any extra cash won by the bonus amount.
In some no deposit casino uk where free bets are offered, the casino charges wagering requirements on the winnings you generate from those free bets. For example, if you win £30 from free bets that carry 20x wagering requirement, then you have to wager £600 (30×20) to be able to withdraw the £30 bonus amount.
Note: Some casinos offer lower multiples of WR but charge it on the entire amount (deposit+ bonus). Make sure to go through the terms and conditions of the bonus before choosing them.
Contribution to the wagering requirement
Not every game in the casino contributes equally to the wagering requirement. This is selected by the casino and you will find a list of games with different wagering requirements. Usually, slot games have 100% wagering requirement, meaning that every £1 your wager in slots will contribute £1 to your wagering requirement. Slots with high volatility and certain table games have reduced wagering contribution. For example, if a game has a 50% wagering requirement, it means that every £1 wagered on those games will contribute £0.50 to the wagering requirement.
How to view your current wagering requirement status?
Online casinos generally have separate heads for bonus funds and deposit funds. You will be able to see your contributions to the wagering requirement in the cashier section of your casino.
How to fill up your wagering requirement quickly
Simply follow the following strategy to roll over your bonus funds without suffering losses or fund blackouts. Once you complete your wagering requirement, you can play the games you like.
Choose bonuses with low wagering requirements: Choosing the right bonus will help you to achieve your wagering requirement quickly. However, if you intend to play with big funds, go for the long-haul bonuses, which offer higher returns.
Select games with higher wagering contribution: Games which contribute 100% towards your wagering requirement will help to achieve your WR quickly than others. Play these games to unlock your bonus funds before betting on your casino favourites.
Select low-risk games with high volatility: Low-risk games help you to complete your wagering requirement quickly. This will give your lower yields but it is great for quickly fulfilling your wagering requirements.
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Title: Understanding wagering requirements
Posted On: 16/02/2019
Author: Site Admin