🦊 Casino Bonus Guide: The Wagering Requirement
The wagering requirement hinders the player from withdrawing the bonus funds (the amount the casino matched your deposit with) immediately after the deposit. The wagering requirement is calculating how many times you have to wager/bet your bonus funds (and also in many cases the deposit amount as well) in order to be eligible to withdraw them. When this happens, your bonus funds are transferred to your real money account and will act as if you deposited them without the wagering requirement.
The usual amount of times you have to wager the bonus is x30-35 before you can withdraw your money. This means that you cannot deposit $100 at a casino, get $200, and then withdraw the money.
Example: How to Wager a Bonus
Let’s say you deposit $100 at a casino that matches your deposit by 100%. This means that your total amount of bonus funds is $200. The casino requires you to wager both the deposit amount and the bonus amount x30 times. This means that the complete amount you have to wager/bet is $6000. This might sound like a lot, but let’s take an example:
Bonus account: $200
1st round of slot-playing wagering: $50
1st round of slot-playing winning: $100
Bonus account: $250
2nd round of slot-playing wagering: $200
2nd round of slot-playing winning: $300
Bonus account: $350
3rd round of slot-playing wagering: $250
3rd round of slot-playing winning: $400
Bonus account: $500
The total amount wagered: $500
As you can see, even though you’ve played and actually gained $300, you wagered $500. So as long as your bonus account doesn’t reach $0, it just requires you to play for a bit in order to wager the bonus amount.
Just remember, that if you want to have a fighting chance to actually beat the wagering amount – a small deposit just won’t cut it. If you’re serious about ever wagering your bonus amount, make your first deposit count!
Not All Games Contribute to Wagering Requirements
Not all game types or even all slots contribute to the wager requirements on the welcome bonus. For example, its very uncommon that turnover in the live casino adds to the wagering requirements, and Blackjack or Roulette sometimes only contribute 5-10%.
This is an example of how different game types can contribute to reaching wagering on your casino bonus at a typical online casino:
|Roulette, Caribbean Stud
Guide: How to efficiently reach wagering requirements
The strategy of reaching the wagering requirements and being able to withdraw your casino bonus and potential earnings is straight forward.
To turn over your bonus money as fast as possible with the highest possible chance of keeping your money is to play at slots with a high return to player and low variance.
The return to player is measured in percentage and usually varies between 94-96% which implies that on average, you will have 94-96% of your balance left if you turn over all your balance at that slot.
The top 3 slots, jackpot slots excluded, with the highest return to the player are:
- Triple Profits – 98,7%
- 1429 Uncharted Seas – 98,5%
- Blood Suckers – 98,0%
Casino bonuses and payment methods
Online casinos often brag about large bonuses for new players but sometimes there are certain hidden terms that make deposits ineligible for a welcome bonus and the payment method could be one of those.
Before you make a deposit to gain a casino bonus, make sure to check the terms which payment methods are eligible for a bonus. It’s common that deposits with Neteller and Skrill do not qualify for a welcome bonus.
Difference between only wagering the bonus amount
Some casinos only require you to wager the amount the casino matches your deposit with. This means that a wagering requirement of x40 is twice as easy as a casino that requires you to wager both the bonus amount and the amount you deposit.