Oftentimes, in the world of online casinos, you’ll come across the term “wagering requirements”. And even though this is a quite frequent term, not a lot of people understand what it means. On top of that, wagering requirements can greatly differ whether you’re playing at Wooricasino or another site. That’s why it’s important to fully understand wagering requirements and what they are.
So, instead of simply trying to “wing it” and hope everything will turn out fine, make some time to educate yourself. The more you learn about something the easier it will be to truly understand it. And the better you understand it, the easier it will be to turn the situation in your favor. With that in mind, let’s explain what wagering requirements are and emphasize some things you should know.
What is wagering?
What are wagering requirements?
Wagering requirements usually go alongside online casino bonuses. Now there are numerous types of online bonuses, but we don’t need to explore that topic here. Instead, it’s enough to know in which type of relation they are with wagering bonuses. So, once you create an account and make a deposit, you’ll be asked to select a bonus. Once you do, rest assured that those bonuses will be followed by wagering requirements. Simply put, in order to be eligible for a bonus you will need to make certain wagers. Again, the size and the type of wager will depend on the type of bonus in question.
How do wagering requirements work?
The easiest way to explain how wagering requirements work is by using an example.
So, for instance, let’s say that you’ve chosen a bonus that grants you a welcome bonus of 50% up to $200. That sounds amazing, right? But do read carefully what the terms say. It is stated that the bonus goes up to $200 which means that it can actually be way less than that. More specifically, this amount is closely linked to your first deposit. What this means is that if you make a deposit of $100, you’ll actually only be getting a $50 bonus. Of course, these rules will be clearly stated in any casino’s Terms and Conditions, so make sure you read those carefully before you decide to play.
Keep in mind
Do know that a wagering requirement will determine the terms under which you can actually withdraw your bonus. So, if your wagering requirement is, let’s say, 3x you will need to bet your wager at least three times so that you can withdraw your bonus. This can seem a bit overwhelming, especially considering the fact that some casinos offer 20x or even 50x wagering requirements. But in the long run, this may actually turn out to be quite profitable for the player.
What are rollover and playthrough requirements?
As mentioned earlier, you may also come across rollover or playthrough requirements. These are, in a sense, exactly the same as wagering requirements. Here, only different wording is being used. So, if you’re playing through or rolling over your bonus, it’s exactly the same as if you were wagering your bonus. Even though it may seem like we’re repeating ourselves, this is quite important to mention. This terminology can particularly be daunting for new layers, so it’s important to understand that it’s all the same thing.
No wagering and wager-free casino bonuses
In the end, it’s also important to mention that there are some exceptions to the rules regarding wagering bonuses. Therefore, you may often come across casinos that offer no wagering or wager-free bonuses. However, these types of bonuses usually denote only free spins or free plays without offering you any actual funds. Even though this may not sound as appealing, it’s actually quite a good offer. If you choose this type of bonus, you’ll be required to make a deposit. After you do so, you’ll be able to use the free spins and any funds earned from them won’t require any wager.
As you can see, understanding wagering requirements and different bonuses casinos offer is really not difficult. However, it does require some research and a better understanding of the terminology. So, the next time you’re looking to try a casino out, check out their wagering requirements first. The better you understand them, the easier it will be to make them work in your favor. Also, make sure you always study Terms and Conditions carefully so that you know exactly what you’re getting into.
