Are you about to take the online casino world by storm and claim all the bonuses you can? Well, there is always a catch. We are here to let you know online casinos are not as generous as you may think. Each and every new online casino bonus comes with wagering requirements as well as other terms and conditions you have to meet to be able to cash out your winnings.
Expert gamers have hacked the code. This set of gamblers don’t even claim casino bonuses without knowing what the wagering requirements are. So, if you want to learn how to beat bonuses, continue reading to find out how wagering requirements work.
What are Wagering Requirements
Before we delve into the meaning of wagering requirements, let’s get this out of the way – what does wager mean? A wager is a bet you place on any online casino game (slots, tables or live games) to win more money. A wagering requirement is the amount of money the casino requires you to wager before allowing you to make a cash withdrawal after claiming a bonus.
Over the years, online gambling establishments have had to deal with huge amounts of licensing costs, taxes and costs of operation. Yet they still have to keep up with the status quo of giving out bonuses to win more customers. To ensure they don’t run out of business, these added expenses get to the end customer. This means online casinos can’t just give out cash when you claim a bonus (even if their bonus ads suggest that).
Typically, when you claim an online casino bonus, you get paid bonus money. Also, when you get free spins, any winnings you get from using these free spins are also pain in bonus money. This bonus money must then be wagered a number of times before you can get paid in cash. You also have to fulfill other terms attached to the bonus or you stand a chance to lose your bonus and the amount you have wagered.
How to Beat Online Casino Wagering Requirements
Because the casino will not allow you to withdraw bonus money, you will need to fulfill the wagering requirements as well as other terms and conditions that come with the bonus before you can withdraw your winnings in cash. If you don’t meet the wagering requirements, you will forfeit your bonus money.
So, let’s assume you have won a casino bonus worth C$100 and it comes with a 30 times wagering requirement. This means you need to wager C$3000 before you can request a withdrawal. However, some casinos give sticky bonuses, which means your deposit will be mixed with the bonus money. In this case, if you make a deposit of C$100 and the casino bonus is C$100 with a 30 times wagering requirement, you will need to wager C$6000 to make a cash withdrawal.
The sticky bonus may be double that of the non-sticky bonus, however, it has its benefit. The sticky bonus gives you bonus money to play with, hence your chances of meeting the wagering quota are increased. Keep in mind that some games generally contribute towards your wagering requirement than others. For example, slots make up your wagering quota faster than table games.
Beating bonuses may seem like a herculean task, but bonuses offer you a slight edge over the casino. This is why casinos will not offer you a bonus on every deposit you make. However, you must also bear in mind that bonuses allow you to take bigger risks than you would normally. Bonuses also increase your play time and encourage you to play more aggressively. Playing more can slightly increase your chances of landing a huge win. However, this can cause gambling problems, so beware.
To better your chances at beating wagering requirements, you need to aim at wins that are 300-400 time bigger than you original stake. If you are an avid slots player, an alternative strategy is to play low variance slots. Conclusively, we advise you to read the terms and conditions of a bonus before you claim it. This way, you can tell what you are in for.
