What are Wagering Requirements?
Understanding wagering requirements is a very important concept for all online gamers to understand. The basic definition of wagering requirements is casinos that offer players a chance to play at the casino with an extra bonus, however, you need to play a certain amount of times and deposit a certain amount before you can withdraw your winnings
So, in other words, you need to place bets or play games in order for your bonus winnings to be released into your account. You will see the funds in your account, however, will not be able to access the winnings until you have met the wagering requirements.
Casinos do this to protect themselves from bonus abusers. Wagering requirements can be added to a deposit amount, bonus amount, free spins, etc. if you want to avoid these wagering requirements you need to choose the option that exempts you from the bonus, then you will not receive a bonus, but if you win you can withdraw at any time.
Examples of Casino wagering requirements
Casinos offer bonuses, it’s a way to say here is some extra money to play with us. However, you need to bet a certain amount in order to receive the cash part of your bonus. Some examples of wagering requirements are:
- Get €10 free deposit bonus with a wagering requirement of 30x (bonus and deposit) – Deposit and bonus mean you have to wager both the deposit amount and the bonus amount which means its 60x. so if you deposit €10 and get €10, it’s €20×60 wagering requirement, which means you need to wager €1200 in order for your funds to be released.
- Get a €50 deposit bonus with a wagering requirement of 25x (bonus only) – You only have to wager the bonus you get. This means if you deposit €50 and get a €50 bonus, you will only have to wager €50 which means your overall wagering requirement is €1250 for your funds to be released.
Each online casino has different wagering requirements, so if you do want the bonus, you need to make sure of the wagering requirement before you choose the online casino.
Bonus Types – Wagering free, Sticky Type I and Sticky Type II
There are three main wagering bonuses. First up is the wagering free bonus. This means the bonus is wagering free and you can cash them out at any time. These are applicable to both bonuses and free spins. Second up is the Sticky I Bonus; this bonus can be used to wager but cannot be withdrawn. For example:
- The bonus you receive is €100. From that bonus, you win €50. This €50 can then be used to wager and decrease the wagering requirement. The moment you make a withdrawal, this bonus is permanently removed from your account.
Sticky Type II Bonus is very similar to type I, however, with this one if you withdraw you can still use the bonus for wagering. Therefore, this option is the more attractive option.
Bonus and Cash Balance at Casinos
At online casinos, you will find two different balances in your account if you choose the bonus. First is your cash balance, this is the balance you have that does not require wagering. This is pure cash and you can withdraw your money at any time.
The bonus balance is the bonus amount you received from the casino. As you complete the wagering requirements, your bonus amount will move to your cash balance which can then be withdrawn.
Games and Wagering Requirements
At online casinos, different games contribute to the wagering requirement in different ways. For example, at Casumo Casino here is how the games contribute to the wagering requirements:
- Baccarat (all kinds) – 0%
- Blackjack (all kinds incl. Pontoon and Double Exposure) – 0%
- Casino Hold’em – 10%
- Oasis Poker – 10%
- Punto Banco – 0%
- Roulette (all kinds) – 0%
- Slot machines – 100%
- TXS Hold’em poker – 10%
- Ultimate Texas Hold’em – 0%
- Video Poker – 30%
- All other games – 100%
So, it’s safe to say that at this casino you want to stick to the slot games and the “all other games” categories to finish your wagering requirements as quickly as possible. Overall, there are plenty more, read through our site or look through our casinos to see which one you would like to play at!
No Wagering Casinos
Every online casino in the world offers some sort of bonus. What they don’t tell you is that these bonuses carry wagering requirements. Some of them have very high wagering requirements while some have slightly less. If you have wagering requirements it can be almost impossible to meet the requirements in order to withdraw your winnings.
Many people don’t even realise this is a factor and get very disappointed when they realise they need to meet the requirements in order to withdraw any finds. If you want to find an online casino that offers no wagering, take a look at our site. we have a great selection of no wagering casinos. These can come in the form of no wagering free spins, no wagering deposit bonuses or no wagering no deposit bonuses.
Wagering Free Free Spins
Many people think free spins is a great feature, but again what they don’t realise is that even these can come with wagering requirements. For example, imagine getting 10 free spins from the casino but it comes either a 30x wagering requirement. Now you win £500 from those free spins. You need to wager £15,000 in order to withdraw your £500 win.
If you want to enjoy your winnings from the casino you have joined, you need to find an online casino that offers wager free spins! There are a few online casinos out there that do offer wager free spins. Some are no deposit free spins whereas some require a deposit before you get the free spins.
Let’s be honest, many of us who started in the online casino world was not aware of wagering requirements. We went to play a game, won a massive amount of money and then realised that we had to wager our winnings in order to receive it. If that has happened to you in the past you are probably very weary when it comes to free spins.
We know how you feel and that is why we want you to be very aware of the wagering terms and conditions. We have also come up with some great online casinos that offer no wagering free spins so that you can win and enjoy your winnings!
Many times, free spins come as part of some sort of bonus package. This means you might need to make a deposit to claim the bonus, but, we think is much better to know that if we are making a deposit at least the winnings are wager free. Also, bear in mind that with everything relating to casinos, all bonuses do come with terms and conditions so be sure to check this.
The Advantages of Free Spins with No Wagering Required
There are honestly no disadvantages to this. Whatever you win you get to keep and you can cash out whenever you want! The reason many online casinos require wagering is to prevent bonus abusers and people getting free money with no intention of even playing at the online casino.
A Wager Free No Deposit Bonus
Do you want to test out a new casino? Oh, look this casino offers no deposit bonuses! and even better, they are wagering free! Even though this is a rare commodity it does exist! Being able to try out a new game or casino is great when you get a no deposit bonus. It means you don’t have to use your own money to check if you like the game or casino.
Wager Free Welcome Bonuses
Almost all online casinos offer players a welcome bonus when joining the casino. the casinos who do offer a bonus want people to try out the casino with some extra rewards. What they don’t say very clearly is that the bonuses come with wagering requirements. While we do understand why online casinos have these requirements in place, sometimes they take it to the extreme and can be very unnecessary.
We do not approve of casinos misleading players and giving terms that are not straightforward. This is why we want you to know about the best online casinos with the best welcome bonuses. many welcome bonuses come with reasonable wagering requirements and every now and then you can enjoy a casino that offers no wagering at all.
Like we mentioned in the free spins section. All casino bonuses come with terms and conditions, even those with no wagering requirements. Please make sure you read the terms and conditions carefully to ensure you understand what you need to do to get the bonus or receive your winnings.
Wager Free Reload Bonuses
It’s quite 50/50 when it comes to online casinos that offer reload bonuses. when we see reload bonuses we notice that’s the casino wants to give the player more chances to get extra bang for their buck.
A reload bonus is known as the second, third and fourth bonus after the welcome bonus. Many online casinos have terrible wagering requirements on these bonuses, which means you get nothing at the end of the day!
We know casinos need to protect themselves as well as you as a player. But please note that some casinos really want to make as much money as possible and are not concerned about you as a player. If you are worried about this, then take a look at our casinos that offer no wagering requirements, or very fair wagering requirements. That way you remain protected and the casino is fair and responsible!