Casino bonuses are one of the main reasons why players are drawn to online gambling. These bonuses offer players the chance to win big without risking much of their own money, making them an attractive feature for new and seasoned players alike. However, every casino bonus comes with its own set of terms and conditions, the most important of which is often the wagering requirement if you’re not familiar with how these work, wagering requirements can seem confusing and even frustrating.
In this guide, put together by Gamblorium, we will walk you through everything you need to know about wagering requirements. We’ll explain what they are, how they work, and provide tips on how to maximize your chances of winning while using casino bonuses.
What Are Wagering Requirements?
At their core, wagering requirements (also known as playthrough requirements) dictate how many times a player must wager the value of the bonus (or sometimes the bonus plus the deposit) before being able to withdraw any winnings. In other words, they are a condition that online casinos impose to prevent players from withdrawing bonus money immediately.
For example, if you claim a bonus of NZ$100 with a 30x wagering requirement, you would need to place bets totaling NZ$3,000 (30 x 100) before you can withdraw any winnings from the bonus. Wagering requirements ensure that players use their bonus money for its intended purpose: to play games.
Why Do Casinos Use Wagering Requirements?
Wagering requirements serve as a form of protection for online casinos. Without them, players could simply claim a bonus, withdraw the funds, and leave the casino without actually playing any games. Casinos offer these bonuses to attract players and encourage gaming activity, not just to hand out free money.
While it might seem like wagering requirements make it harder to win, they are a necessary part of the online casino ecosystem. That said, not all wagering requirements are created equal, and some are much more player-friendly than others.
How Do Wagering Requirements Work?
Understanding how wagering requirements work is essential to making the most of casino bonuses. Here’s a step-by-step breakdown of how to calculate and meet these requirements:
1. Identify the Wagering Requirement
Wagering requirements are usually listed as a multiplier, such as 20x, 30x, or even 50x. This multiplier applies either to just the bonus amount or both the bonus and the deposit, depending on the terms and conditions of the bonus offer.
2. Determine the Amount You Need to Wager
Once you know the wagering requirement, the next step is to calculate how much you need to wager. Let’s look at a few scenarios:
- Bonus Only: If you receive a NZ$100 bonus with a 30x wagering requirement, you need to wager NZ$3,000 (30 x 100).
- Bonus + Deposit: If you deposit NZ$100 and receive a NZ$100 bonus with a 30x wagering requirement applied to both, you’ll need to wager NZ$6,000 (30 x 200).
3. Play Eligible Games
Not all diversions contribute similarly towards assembly wagering necessities. In most cases, slot games contribute 100%, meaning that every dollar wagered on slots counts fully towards the requirement. However, table games like blackjack or roulette may contribute only 10-20%, or sometimes not at all. Always check the terms and conditions to see which games are eligible for clearing the bonus.
4. Track Your Progress
Most online casinos offer tools that allow you to track your progress towards meeting the wagering requirements. Keep an eye on this, especially if you’re close to clearing the bonus, to make sure you don’t miss out on withdrawing your winnings.
Different Types of Wagering Requirements
Wagering requirements can vary significantly depending on the casino and the type of bonus. Below are the most common types of wagering requirements players encounter:
1. Deposit Bonuses
These are the most common type of bonus, where a player receives a match on their deposit. For example, a 100% deposit bonus means the casino will match your deposit amount with bonus money. The wagering requirement in this case often applies to both the deposit and the bonus. So, if you deposit NZ$100 and receive a NZ$100 bonus, and the wagering requirement is 30x, you will need to wager NZ$6,000 before withdrawing.
2. No Deposit Bonuses
No deposit bonuses are small amounts of bonus money given to players just for signing up, without requiring them to deposit any funds. These bonuses typically come with higher wagering requirements and stricter conditions. For example, a casino may offer NZ$10 as a no deposit bonus with a 50x wagering requirement, meaning you’ll need to wager NZ$500 before you can withdraw.
3. Free Spins
Free turns are a well known reward, particularly for opening amusement devotees. Rewards from free turns are more often than not credited as reward cash and are subject to wagering requirements. For example, if you win NZ$50 from free spins and the wagering requirement is 35x, you will need to wager NZ$1,750 before you can withdraw any winnings.
4. Cashback Bonuses
Cashback bonuses return a percentage of your losses over a specified period. These rewards may or may not come with wagering requirements. If they do, the wagering requirement is often lower than for other bonuses. For instance, you might receive 10% cashback with a 10x wagering requirement, meaning you’ll need to wager the cashback amount 10 times before withdrawing.
How to Find the Best Wagering Requirements
One of the key ways to maximize your chances of winning while using casino bonuses is to find bonuses with favorable wagering requirements. At Gamblorium, we research and review the best bonuses available to New Zealand players, focusing on those with low and manageable playthrough requirements. Here are a few tips to offer assistance you discover the best offers:
1. Compare Wagering Requirements
Not all bonuses are created equal. Some casinos offer more generous bonuses but impose high wagering requirements, while others provide smaller bonuses with more favorable conditions. A 20x or 30x wagering requirement is considered reasonable, while anything over 40x can be more challenging to clear.
2. Look for Bonuses with Low Wagering or No Wagering
Some casinos offer low wagering or even no wagering bonuses. With no wagering bonuses, any winnings you make are immediately available for withdrawal without having to meet any playthrough requirements. These bonuses are rare but worth seeking out.
3. Check Game Contributions
Always read the terms and conditions to see which games contribute towards meeting wagering requirements. Slots usually contribute 100%, making them the best option for clearing bonuses quickly. Table recreations and live merchant diversions regularly contribute less or not at all.
4. Consider Time Limits
Bonuses come with expiry dates, meaning you’ll need to meet the wagering requirements within a certain time frame. If you’re not a frequent player, bonuses with shorter time limits might not be ideal, as you may not have enough time to meet the wagering requirement.
Tips for Clearing Wagering Requirements
Meeting wagering requirements can be challenging, but with the right strategy, it’s possible to turn bonus money into real cash. Here are a few tips to help you clear wagering requirements efficiently:
1. Stick to Slots
Since slots usually contribute 100% towards wagering requirements, they are the quickest way to clear bonuses. If you enjoy other games like blackjack or poker, consider playing them after you’ve cleared the bonus.
2. Choose High RTP Slots
Return to Player (RTP) is a degree of how much a space pays back to players over time. The higher the RTP, the way better your chances of holding your bankroll whereas clearing the wagering necessities. See for spaces with RTPs of 96% or higher.
3. Manage Your Bankroll
Wagering requirements can be substantial, so it’s essential to manage your bankroll wisely. Don’t place high-risk bets in an attempt to clear the requirements quickly, as this could result in losing your bonus funds prematurely. Instead, make smaller, consistent bets that help you meet the requirement over time.
4. Avoid Chasing Losses
It can be tempting to chase losses, especially when you’re close to meeting a wagering requirement. However, this can lead to indeed greater misfortunes.. Set a budget and stick to it, even if it means not clearing the requirement.
Wagering requirements are a crucial aspect of casino bonuses, and understanding how they work is essential for maximizing your online gambling experience. While they may seem daunting at first, with careful planning and the right strategy, you can meet wagering requirements and turn bonus funds into real money.
At Gamblorium, we are committed to helping New Zealand players find the best bonuses with the most player-friendly terms. By comparing offers, understanding the terms and conditions, and following the tips in this guide, you’ll be well-equipped to make the most of your casino bonuses while navigating wagering requirements like a pro.
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