The Quickest Way to Complete Wagering Requirements
You signed up to a new online casino, grabbed a massive welcome bonus, but what is this? Wagering requirements? What are those, and why do I need to complete them? What do all these different terms mean?
Online casinos are in the business of making money. They do this by attracting new customers and keeping hold of existing clients. Offering welcome bonuses and reload bonuses is one of the more popular ways they do this.
Casinos would not be in business for long if they gave away money. For example, Jackpot Jill offers new customers a $7,500 bonus. Attracting 1,000 new customers who all claim the full $7,500 would come at the cost of $7,500,000! Imagine if those 1,000 bonus-claiming customers all withdrew their bonuses. Few businesses in the world can afford this level of generosity.
What Are Wagering Requirements?
Wagering requirements on bonuses protect the casinos and ensure those receiving the bonus spend time playing the casino’s pokies and table games. You find them in the terms and conditions on every site.
Each casino has its own rules, but they tend to follow a similar pattern. Either the bonus or both the deposit amount and bonus amount has wagering requirements attached. Any number from 30x to 60x is considered “normal” when it comes to wagering requirements.
A 30x bonus playthrough means you need to wager 30-times the bonus you received before you can withdraw any winnings derived from the said bonus. For example, a $100 bonus with a 30x playthrough requires $3,000 worth of wagers.
It is obvious these requirements can be substantial. A 30x playthrough rule when claiming a $1,000 bonus equates to wagering $30,000. This is why claiming the largest bonus is not always in your best interests.
Are Their Any Additional Rules?
Again, each casino has its own rules, but limiting the maximum bet size is standard. These limits are only in place while completing the wagering requirements. Limited bet sizes change from casino to casino, but $10 to $50 is a ballpark figure.
Limiting bet size conserves the players bankroll. As a result, the player stays in the games longer, which makes it more likely the casino wins at least part of its bonus back.
Furthermore, limiting your winnings from the bonus or free spins is growing more prevalent. The limit is usually set relatively high, so there is no need to worry about hitting it unless you trigger a huge progressive jackpot.
Some casino place time limits in regards to their bonuses, too. The limits vary wildly from a week to 60-days or more. Always check the small print; otherwise, you may have a bonus that is impossible to clear at your current stakes.
What Is The Quickest Way To Clear a Casino Bonus?
Checking the various terms and conditions of casino bonuses reveals not all games are created equal when it comes to completing wagering requirements.
Look them up yourself, and you will see statements such as pokies counting 100% and blackjack 5%, for example. This means playing pokies counts 100% towards your bonus clearing, but blackjack only counts 5%. Wagering $100 on pokies in this example clears $100 from your wagering requirements. Playing blackjack, however, only clears $5.
It goes without saying that you should try to play the games that count the most towards releasing your bonus. Doing this clears the bonus faster and increases your chances of showing a profit.
Play pokies if these count more towards your bonus clearing; play something else if not. Do not be afraid to play any other games, even if they do not count as much towards your bonus goal. Just be aware that doing so does not carry as much weight when it comes to welcome bonuses.