Guide Betting Requirements

 

Betting Requirements can be a confusing concept for beginners. With the burgeoning internet casino industry, operators keep coming up with lucrative offers and ideas, like free bets or 100% bonuses that fit in to attract players. But to claim these bonuses, players have to meet the wagering requirements set by the casinos; and to meet the requirements, they need to place bets a certain number of times.

 

But what are these wagering requirements and how do you exceed them? If these are the questions you are asking yourself then read on as this article will take you through all the aspects of the wagering requirements.

 

What are the wagering requirements?

 

To understand the concept of wagering requirements, you first need to know what a bet is. Bet essentially refers to the amount of money that a player bets in a game session or during a specific period. And when it comes to casino bonuses at online casinos, it comes with a wagering requirement attached to it.

 

A wagering requirement defines the number of games a player has to wager the bonus money in order to be able to claim and withdraw it.

 

When you register an account with a casino or participate in the promotion, you usually meet the wagering requirements. You would have to meet these requirements before requesting to withdraw bonuses or winnings. You cannot get the money back in your bank account if you do not meet these requirements.

 

Different casino games contribute different percentages to the wagering requirements. Some casino games such as blackjack or online roulette often contribute much less than slot games.

 

Why are there the wagering requirements?

 

Although most players see wagering requirements as a casino tactic to extract more money from them, there is a sensible reason behind it.

 

The wagering requirements are incorporated instead because casinos have to comply with anti-money laundering regulations. If online casinos do not introduce wagering requirements with bonuses and promotions, then the criminal can launder your illegal funds by depositing and withdrawing the amount.

 

How to calculate and exceed the wagering requirements?

 

You don't need to be a math whiz to calculate the wagering requirements for a casino bonus. However, for some players, calculating wagering requirements can be boring, but it is still a crucial part of understanding the working mechanics of wagering requirements. Also, this way you will know the appropriate casino bonus for your bankroll.

 

Let's assume that you have registered an account with a casino that is awarding you € 50 as a bonus. To get the bonus, you have to make a minimum deposit of € 20 and the wagering requirement is 5x. The simple formula to follow here is:

 

(Bonus Amount) * (Wagering Requirement) = Total Wager

 

Example: € 50 (casino bonus) * 5 (wagering requirements) = € 250

 

In relation to the previous example, we get an idea that you have to bet a total amount of € 300 to be able to withdraw the bonus amount. Now, let's imagine you have come across a sticky bonus, so your initial deposit amount is also calculated in the wagering requirements and the formula changes to:

 

(Bonus Amount) + (Initial Deposit) * (Wagering Requirement) = Total Wager

 

Taking into account the first example, now the calculation will be:

 

Example: € 50 + € 20 * 5 = € 350

 

Although the wagering requirements may seem too great to meet, it is not that difficult. You can use the bonus money to bet and if you do it wisely, you can meet the wagering requirements.

 

Exceeding the Betting Requirements

 

In order to pass and meet online casino wagering requirements, you need to be aware of subtle nuances of how they work and what are the smart ways to play and comply with them.

 

Look for the Terms and Conditions

 

Whether you are claiming a promotional offer or the welcome bonus, be sure to carefully read the terms and conditions attached to them. The T & C section also includes information for wagering requirements.

 

Selecting your casino & casino games

 

Some casinos have wagering requirements of 50x and more, while others have 30x or less. So be sure to do your research before registering with a casino.

 

Similarly, different games contribute various percentages to the wagering requirements. So find out which game contributes to what% and then choose your games accordingly.

 

Why are there wagering requirements?

 

A welcome bonus is the reward that a bookmaker gives to the user for opening an account for the first time, but the betting website grants the bonus on the condition that the new customer uses it to bet on its website, that's why they introduce wagering requirements.

 

Since the betting companies are not in the business of giving money to their faces, the customer will only be able to dispose of the bonus amount and withdraw it from their betting account once they have wagered it several times - until this requirement is met. of bets, the money will be blocked.

 

How can I convert a bonus to real money?

 

To convert a bonus into cash at your disposal, you will have to play the bonus amount several times in sports betting. For example, to convert a € 100 bonus with a wagering requirement that requires you to bet 10 times the bonus amount - 10X - the player must place bets worth € 1000.

 

It does not matter if the final amount resulting from betting is € 1 or € 10,000, the important thing will be to have made bets for a total amount of € 1,000, in that way the remaining money will become cash available to the bettor, who can withdraw from his betting account if you want.

 

You should know that there is often a limitation on how low the odds you have to bet can be to meet the wagering requirement, usually between 1.5 and 2.0 - everything below the minimum odds can be bet. with bonus money, but will not count towards the wagering requirement.

 

DIFFERENT BONUSES WITH WAGING REQUIREMENT

 

Deposit Bonus

 

The most common form of deposit bonus is for the sportsbook to match the player's first deposit by a certain percentage, usually 100%. A very common wagering requirement for this type of bonus is having to bet 5 to 15 times the amount of the bonus in sports bets, or 35-70 times if it is an internet casino bonus. However, you should know that there are some online betting companies that establish wagering requirements both on the deposit (made by the client) and on the amount of the bonus.

 

Free Risk-Free Bet Bonus

 

A risk-free free bet - also known as a safe bet, or with a refund in case of loss - is another type of welcome bonus offered by some betting websites. It works as follows: the player places a bet with their own money, and the bookmaker refunds the stake if they lose.

 

Sometimes the bet is returned in cash that the bettor can use however he wants, while in other cases in the form of a bonus with wagering requirements. These wagering requirements are often easier to meet than those for a deposit bonus, as the number of times you will have to play the bonus amount is usually between 1 and 10.

 

Wagering requirements for online casinos

 

The wagering requirements in online casinos are a bit different than in sports betting. Although the bonuses are often higher, these in turn imply more difficult wagering requirements to meet. The requirements are usually at least 20 times the amount of the bonus, but there are specific cases where it may be required to bet up to 100 times the amount of the casino bonus.

 

Also, different casino games are counted differently in order to meet the wagering requirement, as it is usually only the slot machines that count 100% in relation to the wagering requirement - blackjack or roulette have a much lower contribution, sometimes not even exceeding 5%. Also in online casinos customers are offered free spins (or spins) on slot machines, but even here they often apply wagering requirements to winnings.