A Quick Guide To Bonus Wagering Requirements

Can you think of the reason you gamble? The glory of winning? The fun? Or is it the allure of rewards and other bonuses? I have been playing online casino games for years, and even now, getting a bonus excites me.

Bonuses are often a huge draw for players seeking new online casinos or sportsbooks. I will share some insights about wagering requirements. 

Before we start, I want to recommend a gambling site where you can benefit from appealing promotions with reasonable playthrough requirements, Neo Spin casino. New players are offered an impressive 100% bonus of up to AUD 10,000 plus 100FS. Besides, the platform has the following offers for loyal users:

• Daily Cashback up to 20%
• Wednesday Free Spins
• Weekend 66% Reload Bonus of up to AUD 1,000

What Are These Bonus Wagering Requirements?

Simply put, wagering requirements, or WRs, are a set of conditions in online casino sites. According to them, you must wager a certain amount of money to participate and withdraw the bonus or any other winnings.

Say you are at a site that offers you a bonus of a hundred dollars. But wait, there’s a catch. It comes with a wagering requirement of twenty times. It means that you have to invest one hundred dollars twenty times to give out $2,000. If you don’t, none of the wins from that bonus can be cashed out.

Why Should You Care About WR Anyway?

Understanding wagering requirements is crucial for several reasons:

They Can Affect Your Withdrawals

Often, you’ll find that you cannot withdraw any winnings from the bonus. The reason? You didn’t stick to these bonus wagering conditions.

This will lead to frustration. So learn the terms from the beginning. Otherwise it kinda ruins the fun of winning.

Game Contribution Variability

The fact is that not all games can meet wagering requirements in equal measure. For example, some slots may contribute 100%, while the table games will give way below 100%. Such fluctuations will influence your approach.

Time Limits

In most cases, sites issue bonuses with a given validity period. If you don’t wager before the agreed time all your winnings can become null and void! Knowing the information beforehand will let you wager within the required time.

Realistic Expectations

The high of gambling can make you a bit of a dreamer. You get one win, and suddenly, you are thinking of unimaginable riches. Don’t do that; be practical.

The Things About Wagering That You Need To Know

Truth to be told, you should be reading the fine print of the terms and conditions thoroughly. But admit it, you never have the patience for that. To help you out I have listed the things that you absolutely need to know. 

Type of Bonus

Say you just signed up at an online casino site. Or you are an old member and have been playing for years. Either way, you will receive several bonus offers – free spins, free reels, no deposit and more.

All these bonuses come with some strings attached – the wagering requirements. Learn those before using any of them.

Minimum Odds 

For every type of wagering, you will find something called ‘Minimum Odds.’ It means you have a wager with the odds listed or a riskier but better payout wager. It sets the least number of odds that qualifies your wager. So, your wagering odds have to be a higher number than the odds listed.

Max Wager Limits

You will find that some casinos limit the amount that can be wagered. This can happen for each wager. Going past this limit erases the bonus. So keep an eye on that limit.

Contributions Rates

Imagine playing for weeks on end just to realize you didn’t make any change in your wagering requirements. It happens.

To find the effect of contribution rates on a bonus play-through, divide the wagering requirement by the contribution rate. This will give you the genuine wagering requirement for the game.

Note: Do try to give the T&C page a full read. Learning all the workings of the site and the games will only help you in the long run.

A Few Expert Tips on How to Deal with Wagering Requirements

• Decide on your bonuses wisely. Not all bonuses are equal and can yield a high reward.
• Understand the game contributions. If you want to clear the bonus, then you should take the chances of slots. Or any other game which offers high contribution rates.
• Track your progress. Most of the casinos give you the option to see how far along you are in meeting the wagering requirements. Change your gaming tactics based on this.

Tip: If you are close to achieving the wagering requirement, you should switch to the games with higher contributions.

The Last Wager

Knowledge of these requirements is beneficial as it sets expectations of how much one will be able to withdraw. In your hurry to get the bonuses, you may miss the realistic aspects of wagering requirements. Always check the fine print to know what you’re getting into.