Bonus Wagering Requirements
The bonus wagering stipulations have become a part and parcel of the online casino platforms. And truth be told, if there were no stipulations in place, then it is probable that gamers would have very few bonuses and promotions to claim when playing online. So what is bonus wagering? And what are its requirements?
In the length of time that we have been covering casinos and gaming platforms, we at casino advisers have come to note that almost any bonus claimed by a player in an online casino will tend to come with a set of bonus wagering stipulations. The stipulations will clearly dictate that the gamer has to wager his or her bonus amount (and in some cases their total deposits as well) a certain number of times before they are able to withdraw their winnings. But why put in place bonus wagering requirements?
No Running Away with the Platform’s Cash
Traditionally, there exists a very simple reason and rule why online casinos put in place bonus wagering stipulations. If these rules were not in place, it means that you could easily claim a huge cash bonus and proceed to make a withdrawal. By doing this, you would in effect be walking away with cash belonging to the online casino.
Withdrawing the bonus and walking away with it means that you will not be offering the online casino anything in return for your winnings. By putting in place bonus wagering stipulations, it means that you will have no other option but to spend the cash you have earned from the casino in form of a bonus. It also means that you cannot pull a running move with the money that has been awarded to you by the casino in completely good faith.
Determining How Much Cash You Have Left to Stake
It is crucial that you maintain a keen eye on the bonus wagering requirements. After you have made a big win, it is likely that you will wish to make a withdrawal as soon as possible. However, you cannot be able to achieve this if you have not fulfilled the wagering stipulations that have been put in place by the gaming platform.
Many gaming platforms will normally display the waging amount that you have been left with either via a page on your account or via a withdrawal screen. In case this is not available in your gaming account, you should get in touch with support to learn more about their bonus wagering requirements as well as get to see how far you are from making a withdrawal.
How to Get the Bonus Wagering Requirements Down
Online gaming platforms tend to be different, but they do share some similarities in the way they conduct their operations. When it comes to the bonus wagering stipulations, they will often require you to wager the amount you have received in form of a bonus a couple of times so as to nullify your wagering specifications.
For instance, if you have claimed a bonus of 100 pounds after making your first deposit, and the bonus wagering conditions are twenty times that of your total casino bonus, then you will be required to wager 100 pounds for a total of twenty times before the gaming platform can process any withdrawal request that you may have submitted.
Do not be surprised to come across gaming platforms that have put in place bonus wagering terms of 20x to 40x in total. There are others that will seek to extend these figures. You need to read their terms and conditions to make sure that you are well-versed with what is expected of you as a gamer on that platform.
So as to get the bonus wagering requirements down, all you will be required to do is to wager on the games that are currently available at that particular casino. Slots tend to count best when it comes to fulfilling these conditions. This is because video poker, table games, and the like have a lower count.
If you are looking to get the wagering conditions down, re-read all the conditions every once in a while. The reason for this being that there are games, e.g., live dealer games and progressive jackpot slots which are not counted when a gamer is trying to lower his or her bonus wagering specifications.
At What Point Does a Gamer Incur the Wagering Requirements?
Often, any time you claim a bonus when playing at an online-based casino, you get to accept new wagering specifications. It is, therefore, recommended that you fail to claim any new bonus until you have ensured that you have fulfilled all the conditions attached to the last bonus that you had claimed.
Casino advisers are on record advising its readers and followers to read the terms and conditions as many times as possible. We are all humans and we can easily forget what we read a few hours or days ago. Therefore, before you claim a bonus, go back to the bonus wagering terms to see what the conditions for that bonus are before making your next move.