Wagering requirements explained: what is it and why do I have to fulfill them?
What are wagering requirements?
Minimum amount of bets required before
to withdraw your winnings.
The market for online casinos is astronomical, and competition is getting tougher and tougher. As a result, casinos are inventing ever more advantageous offers for players, so that they become regular customers.
Among these offers are bonuses. The disadvantage is that the nature of the bonuses can often be unclear to those who are just beginning to immerse themselves in the world of online gaming.
There are welcome bonuses and no-deposit bonuses.
This article therefore aims to put all these things in perspective, so that at the end of your reading, the offers of these sites no longer hold any secrets for you.
What is a bonus in the online casino industry?
As we just mentioned, casinos generally offer three different types of bonuses: deposit, no-deposit and welcome offers.
The latter are by far the most widely used, as they allow casinos to "bait" players, thus potentially increasing the number of players. Other bonuses can be used to promote special events such as Halloween, Christmas, Easter, etc.
We'll come back to this in the next game, but all these bonuses have only one goal: to increase the number of players. They represent a "win-win" deal, meaning that both sides of the deal win.
Indeed, the player will win free advantages that he will be able to spend without risk in the casino, and the casino, for its part, will see its number of members increase.
The difference between bonus and cash balance:
Sometimes casinos offer the player freecash/cash. These operations usually occur during special events, or following a major win for the player.
Few players know the meaning of a cash bonus. It is only offered to the best players in the casino (include the most spenders). Therefore, the more you play in a casino, the more your "cash bonus" will increase.
Nevertheless, it is important to note that this cash bonus is not governed by any common rules, and that each casino sets it as it sees fit.
Why do online casinos offer bonuses?
It should not be thought that it is out of the goodness of their hearts that casinos regularly offer their players chipsfree. Indeed, the objective of these is purely commercial: by offering you a chance to win money without taking any financial risk, the casino hopes to improve the image you have of it.
In doing so, there is a good chance that you will come back and play at the casino again! All this is therefore a customer loyalty strategy above all. Of course, the casino also wants players to spend more time on the different games thanks to the different bonuses they earn, so that they can develop their addiction to online gaming even further.
Finally, it is undeniable that by offering bonuses on a very regular basis, and by having a particularly interesting sign-up bonus, casinos make sure that their number of players increases.
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Welcome bonus betting conditions also known as wagering requirements:
Welcome bonuses are often the most interesting for players.
This makes sense, since this is where the casino has the best chance of gaining their loyalty!
It is very common for the casino to impose a minimum bet on your first wager if you wish to take advantage of the welcome offer. It wouldn't be profitable for them to watch you bet a small amount and then watch you walk away with your winnings!
In concrete terms, it is common that in order to get the 100 dollars promised to you, you have to bet (and not deposit!) 10 to 15 times the amount. Only once this is done will you be able to withdraw the potential winnings.
Wagering requirements for promotions?
Often weekday or weekend promotions are bonus games, in other words, percentage offers on your deposit(s). For example, an offer of 30% on a minimum deposit of $50, sometimes more, sometimes less.
Please note that promotions are either credited directly to your casino account or, as offered by Casino Rewards Group, in the form of VIP points. You will then be able to convert them into real bonuses, at the casino of your choice, at any time.
No doubt, we prefer the point system of the C.Rewards Group of Casinos.
To get back to the point: the betting conditions for promotions are often 30 times the amount of the bonus. Unless the casino in question uses the so-called "ratio" bonus system (ratio between cash and bonus).
Pros and cons of bonuses
On the advantages side, the balance sheet is quickly made for the players: the various bonuses allow them to try risky moves (but potentially very profitable) that they would not have dared to do in normal circumstances.
Indeed, playing with a bonus necessarily implies that the notion of "risk" disappears.
Having nothing to lose, the player tends to play big to win even more! This is where the main advantage of bonuses lies.
As far as the disadvantages are concerned, it is clear that the minimum bets imposed are the biggest disadvantage of bonuses. Indeed, it is not uncommon that in order to get the full bonus you are being offered, you have to deposit a large amount of money on the site.
A bonus that was by definition not risky can quickly turn into a daring move for the player ... so be careful!
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How do I withdraw my bonus?
As you can see, you will not be able to cash out your bonus and then withdraw it instantly.
To do so, you will need to meet the conditions imposed by your casino. Often, these are to play X times the amount of the latter. The goal is obviously to make you lose your entire wager before you can withdraw it.
But if you manage to meet all the conditions, withdrawing your bonus will be child's play. In fact, the procedure will be the same as withdrawing your "normal" winnings.
How easy is it to convert your bonus into cash?
Depending on the terms and sites, it may be more or less difficult to convert it into cash. Wagering requirements are sometimes 30 times the amount of the bonus received and can go up to 200 times. For the online establishment River Belle or gaming platformSpin Palace for example, it will be 50x. For the virtual operator Villento or the Quatro platform, it will be 30x.
If the wagering is 30x you will not be able to cancel the bonus received. You will have to wager your cash and bonus until:
- or you filled them out and converted it to cash. In this case you will be able to withdraw the full amount (often if it is equal to and greater than $50, the minimum amount withdrawable at most online casinos).
- or you've lost everything, your cash and your bonus. In this case the bonds disappear along with your bonus.
Just a little clarification, know that you always play your cash before your bonus.
Zodiac: Best Bonus of the moment
Also, be aware that the betting conditions of the first welcome bonus will often be more important than the others. For example, the first Zodiac casino bonus offers 80 chances to be a millionaire in the form of 20 euros. This bonus will have to be replayed 60 times, i.e. 60x60 = 1200.
The rest of the 4 remaining welcome bonus deposit offers only need to be replayed 30 times.
Let's take an example: imagine that you receive a 100% bonus with 30x terms on a $10 deposit. You will receive a $10 bonus and you will have $10 in cash (total balance: $20).
Your betting obligations are therefore 300.
Every bet you place will count towards them. So, if you bet $10 and win $20. Your total new balance is $40.
Your wagering requirement is now 10 (since you bet $10). That leaves you with 290 left to bet on your initial 300.
Now imagine that you place a $10 bet but he loses. Your new balance is $30 ($40-$10) but your betting obligations have dropped to $280.
The bonus amount hasn't changed, it's still $10, your cash balance is now $20. We hope this little example will help you see things more clearly! If you have any doubts, please do not hesitate to contact the support department of the casino in question.
What games should I play when I have a bonus to redeem in cash?
To the slot machines! Bets that are made on slot machines account 100% for betting obligations.
So, if you play roulette and bet $10, whether the bet is a win or a loss, only 0.2 will go towards your betting requirements.
Do I have to accept bonuses?
Yeah, most of the time. Knowing that most sites are moving to a system where all bonuses can be cancelled.
Also, knowing that you have to play the slots to hopefully fulfill your betting obligations, you may be able to win a nice sum of money with this bonus.
Imagine that you win on your first $1000 bets, so you will be sure to walk away with at least $700 if you had an initial bonus of $10 with conditions of 30 times the amount (so 300).
The example of loyalty programs such as casinorewards: when to convert your VIP points?
The ideal system is offered by the casino rewards group, which, starting with its VIP points system, allows you to accumulate bonuses (by betting, 1 point for every $10 wagered, or thanks to the many promotions the group offers) and to convert your points at any time you wish.
You will therefore receive many "VIP points" that will be in your casino rewards account shared between all the casinos in the group. You will be able to redeem them at the casino of your choice at any time.
We will therefore recommend that you convert or "redeem" your points when you have used up your cash. That way your real money won't be somehow blocked by your fictitious money.
No deposit cash-in bonus casino in Canada: does it really exist?
The ultimate dream for any player would be to be able to cash out their bonus amount immediately, without having to play even once.
Can you imagine? That would be the best possible investment, even more profitable than the stock market!
But as you will have understood, such a situation is simply utopian. In fact, to cash out your bonus, there are always betting conditions or a minimum deposit.
What about online casino with no-deposit bonus?
You may indeed have heard of casinos that have such offers. Unfortunately, there are fewer and fewer of them practising the latter, for obvious reasons of profitability.
It is therefore still possible to find this kind of bonus, but it is becoming more and more complicated.
On the other hand, and although it is still rare and hard to find, some casinos still offer free spins for a simple account creation, which in itself represents a chance to win a lot of money without taking any risks.
However, we would like to stress that they are really hard to find, so don't get your hopes up!
This article is now finished and we hope that it will have helped you to better understand all the subtleties associated with all these offers, and that it will prevent you from some disappointments due to betting conditions or otherwise.
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