If you’re a gambler or looking to start gaming online, then you must have heard about wagering or rollover requirements. For most Kiwis who are new to online gaming, wagering requirements are usually a blur and if you are among them, dive in the details of today’s post to get clarity on what they are all about!
What are Wagering Requirements?
Wagering requirements are usually the main conditions that you have to meet after claiming a bonus to determine whether you are taking your win home or not. Essentially, wagering requirements refer to the number of times you have to play through your bonus cash or deposit plus bonus received before you can cash out or your earnings.
How do Wagering Requirements Work?
So how does this really work? Glad you asked. Wagering requirements are usually indicated by a figure and a multiplication symbol. For example, if the wagering requirement might be 20x, this means that you need to wager twelve times the deposit or deposit plus bonus amount.
Casino X runs a 200% welcome bonus for its new players. So, if you load a deposit of $100 you are eligible for a $200 bonus. Great win right there but here is the catch; you have to bet your deposit ten times before the house can release your winnings. So, before withdrawing the proceeds, you must meet their wagering requirement of 10x, meaning that you have to commit another $1,000 in bets for you to be able to withdraw from the money you win from bonus promotions.
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Why do these wagering requirements exist?
Imagine running a casino, and you run a bonus promotion of let’s say 100% as a welcome package to new players. You get lots of new customers signing up and making deposits, and once they get the bonus amounts, they simply cash out. Without making even one bet! That pretty much hurts the house and it simply doesn’t make good business sense. So, wagering requirements exist to prevent such unscrupulous behaviour from happening. It is only fair that both parties (you, the player) have a win-win deal.
How do you then lower your wagering requirements?
Well, it isn’t possible to actually reduce a requirement from let’s say 30x to 20x. However, with the right strategy, you can make your life way easier. The bonus has already given you an edge over the casino in the sense that it gives you the freedom to take more risks. The ideal way to beat the system is to try and land big wins such as 150 or even 400 times your initial bet during your play session. The idea is to chase huge wins early enough. Once you achieve this, you can slow down a bit and go for lower risk bets to finish the wager without losing much money in the process.
Are there any offers that come without wagering requirements?
Now that understand why the wagering requirements exist how they work, here is some good news for you; some casinos have offers that do not require meeting any wagering requirements. You can find free spins and bonus money unconditionally. All the winnings you get from the free spins will be added your account as real cash ready for withdrawal. Pretty amazing, right? However, such deals are usually worth between $10 and $50 at most.