Categories
Blog

Casino Bonus Wagering Requirements – What are they?

Every online casino, sportsbook, poker room or bingo site offers people who sign up a welcome bonus. You’ll see these advertised across our site and on the casino sites themselves. These bonuses are given as an incentive to sign up to a casino rather than one of their competitors. They’re also great for you, the player, right? You sign up and receive free money. Well, there are a few things you need to look at before signing up to a casino and accepting the sign up bonus. Or any other bonus for that matter. One of those things is the wagering requirements of the bonus. In this article we’ll take a look at a few of the most commonly asked questions regarding casino bonuses and wagering requirements such as ‘What are wagering requirements? Why do casinos put wagering requirements on bonuses? How to clear wagering requirements and show you which casinos offer bonuses with the lowest wagering requirements.
 

What are wagering requirements on casino bonuses?

Wagering requirements are rules set by each individual online casino that tell the player how much they have to stake on games before they can withdraw the money given to them as a bonus and any winnings made from it. Wagering requirements are pretty simple but they are different at each casino and each bonus at the same casino can also have different wagering requirements.

To understand further what wagering requirements are, lets take a look at an example:

In this example we will look at the initial sign up bonus given by Slots.lv which is a 200% matched bonus up to $1,000 on your first deposit at the casino and has a wagering requirement of x35 your deposit and bonus.

Lets say you deposit $100. As Slots.lv offer a 200% bonus, you receive $200 ($100 x 200%) extra on top of your $100 deposit and have a total of $300. Now, before you can withdraw the $300 and any winnings from it, you must meet the wagering requirements, which in this case is x35. To calculate how much you have to stake on games to be able to withdraw the funds simply multiply your deposit + bonus amount by 35, which is $300 x 35 = $10,500. So you would have to place $10,500 worth of bets before you can make a withdrawal.

Lets do one more example :

The sign up bonus at Mansion Casino is 100% on your first deposit up to a maximum of $500 and has a wagering requirement of 20 x your deposit + bonus amount.

This time we will deposit $50 and so we would receive a further $50 as a bonus, totaling $100. As the bonus has a wagering requirement of x20 we multiply our $100 by 20 which means we have to place $2,000 worth of bets before withdrawing. Simple right?

 

Why are there wagering requirements on bonuses

We all know wagering requirements are a bit of a pain but unfortunately they are necessary. If online casinos didn’t put wagering requirements on bonuses then players could simply deposit money into their account, receive the bonus and withdraw. That wouldn’t be a very good business decision by casinos would it? They wouldn’t last two minutes handing out free money to anyone that registers. That being said, casino bonuses work well for both the player and the casino. The casino gets another customer and the player gets a chance to win more money by playing with a bit of extra cash.

 

I don’t want to have wagering requirements. Can I just play with my money?

Absolutely. You don’t have to accept bonuses given by casinos. Most online casinos will require you to enter a coupon or bonus code to receive your bonus. If you don’t want to receive the bonus, simply do not enter the code and just play with your money and withdraw when you want. However, some casinos will automatically add you bonus funds to your account when you make your first deposit with them. If you don’t wish to receive any bonus it would be best to contact the customer support team and let them know this. They should then be able to cancel any bonus that you are due to receive.

 

How do I find out what the wagering requirements are for a bonus

As mentioned earlier, wagering requirements may differ with each casino and each bonus. The wagering requirements for each bonus can always be found by reading the terms and conditions of each bonus. If it is a sign up bonus or a long-running promotion then the T&C’s can usually be found by visiting the ‘promotions’ page of each casino. If you have received an email or text from a casino offering you an exclusive bonus or reload bonus then there should be a link to the terms and conditions if the wagering requirements have not been mentioned already. If in doubt, always contact customer support. The majority of online casinos allow you to chat to customer support through live chat windows and can answer you questions right away.

 

How do I meet the wagering requirements of a casino bonus?

You can meet the wagering requirements of your bonus by playing casino games at the casino. Lets say your wagering requirement for a bonus is $1,000. You must place $1,000 worth of bets to ‘clear your bonus’. It doesn’t matter if you place 1,000 separate $1 bets or one bet of $1,000, so long as your bets total $1,000 before making a withdrawal.

It is very important to be aware that some casino games may contribute towards your wagering requirements more than others. Again, this will be explained in the terms and conditions of the bonus and this rule does not always apply to all bonuses. That is why it is important to always read through the T&C’s of a bonus before accepting it.

Here’s an example of this :

In the T&C’s of a bonus it may state that online slots contribute 100% towards your wagering requirements, where as roulette only contributes 50% towards it. This means that if your wagering requirement of a bonus is $1,000 and you play slots, then you only have to wager $1,000 to clear your bonus. However, if you just play roulette then you will have to wager $2,000.

This leads us onto our next question…

 

What is the best way to meet casino bonus wagering requirements?

Before deciding on a method to meet your bonuses wagering requirements you must read the terms and conditions and find out if all games contribute equally towards it. If they don’t then the best way to clear your bonus would be to play the games with the highest contribution. This is usually all variants of online slots. However, if all games do contribute equally then slots may not be the best game choice. Given that all games contribute equally towards clearing you bonus you should be playing the casino games with the lowest house edges. Meaning you should play the games where you have the highest chance of winning. These games are blackjack, jacks or better, baccarat and craps. For more information on which games to play take a look at our article on how to clear casino bonuses.

Categories
Blog

How to clear casino bonuses

You may have noticed that casino bonuses are not as amazing as they initially sound. ‘Have $5,000 FREE!’ or ‘We’ll double your deposit!’ are a couple of examples you may be offered when signing up to an online casino. However, nearly all online casino bonuses come with wagering requirements. This means you have to bet a certain amount before you are able to withdraw. This being said, you can make a lot of money from casino bonuses. You just have to be smart about clearing them. The main strategy to clearing casino bonuses is not to try and make a profit, but to minimize your losses until the bonus has been cleared. In this article we will discuss how to clear casino bonuses as well as the best way to clear them and what games to play to clear your bonus faster and safer.
 

What are wagering requirements?

Wagering requirements are requirements set by the casino that you must follow in order to withdraw your bonus and any winnings made from it. Most casino bonuses have wagering requirements ranging from 20 x the bonus amount up to 50 x the bonus amount.

Here’s an example:

  • You deposit $500 and receive another $500 free as a bonus and has a wagering requirement of 20 x the bonus amount.

To be able to withdraw your bonus and any winnings you must wager at least 20 x $500 ($10,000). This means you must place $10,000 worth of bets before withdrawing is possible.

Wagering requirements vary greatly between casinos and also between different bonuses. This means that two bonuses from the same online casino may have different wagering requirements so it is always wise to check the T&C’s before accepting the bonus. If you can’t find the T&C’s for a bonus then simply ask support via live chat, email or phone and they should be able to send you a link right away.

 

Can I play any casino game to count towards my wagering requirements?

Usually yes. The majority of the time all casino games offered by the casino will count towards your wagering requirements. However, all casino games may not count towards your wagering requirements for your bonus equally. For example, playing roulette may only count towards 50% of the wagering requirements where as playing blackjack my count 100%. Again, it is worth checking the terms and conditions of each bonus to see if any games are excluded from wagering the bonus and if all games count equally towards the wagering.

 

What games are best to play to clear a casino bonus?

Low House EdgeSome games are better to play than others when the aim is simply to clear the bonus at an online casino. As mentioned above, your aim when clearing a casino bonus is to minimize losses, not to maximize profits. That way, when you do clear your bonus you’ll be left with potentially thousands of dollars more than when you started, without risking your own money.

As our aim is to minimize losses we will be wanting to play a casino game that is low risk. Blackjack has one of the lowest house edges out of all casino games. Sometimes as low as 0.3%! Most people also know how to play blackjack, making it a favorite game choice for ‘bonus baggers’. We want to play smart and so do not take risks when playing blackjack with your bonus. If you do not know the odds of winning each hand then use our blackjack table to know when to hit, stand and double up. This is mathematically proven to give you the best odds at winning at blackjack.

If you don’t want to spend your time clearing your bonus playing blackjack then other smart choices with low house edges are Jacks or Better, which has a house edge of around 0.4%, Baccarat, with a house edge of just over 1% and Craps at just over 1.4%.

Bad choice to clear your casino bonus would be casino games with a higher house edge such as Slots or American Roulette.

 

What size stake should I bet?

Although it may be tempting to make a large bets and clear your bonus faster, it is mathematically wise to make lots of smaller bets. If you make many smaller bets then the law of averages states that you will see a better return.

Here’s an example :

  • Play 10 hands of blackjack and you may win 8 hands and lose 2 hands. However, play 10,000 hands of blackjack and the result will be much close to 5,000 won, 5,000 lost. This is the ‘law of averages’. The more you do something that has set odds, the closer you will get to those odds.

 

How much of the bonus can I expect to cash out?

You should be able to work out how much of your bonus you will be able to withdraw once you have met the wagering requirements. This depends of what game you are playing and of course you can’t predict exactly how much you will win or lose. Sometimes you will go on a winning streak, sometimes a losing streak. However, it is worth doing the calculations before starting your bonus wagering just to see how close you get to it.

Example :

  • You register at AllStarSlots.com which currently offer a 400% bonus on your first deposit up to $4,000. You deposit $100 and receive another $400 free. Their wagering requirements are 30 x your deposit + the bonus amount, so you need to wager 30 x $500 ($15,000). You decide to clear your bonus playing blackjack which has a house edge of 0.3%. To find out the amount you will lose while clearing your bonus due to the house edge, simply multiply your wagering requirement by the house edge percentage divided by 100.

 

  • Loss amount due to house edge : $15,000 x 0.003 = $45
  • Total ending balance : $400 – $45 = $355
  • Total profit : $355 – $100 (initial deposit) = $255

You could make full use of the bonus of course and deposit $1,000 to receive the maximum bonus of $4,000. This would give you an expected profit of $2,550. Not bad for a single bonus!

 

Conclusion

Casino bonuses are great if you use them wisely. You may have to make a change from your usual betting patterns or casino games but it is worth while. Remember to play smart when clearing your casino bonus. Only play games with a low house edge and try to bet with lower stakes. Obviously, if you are depositing a large amount to receive a several thousand dollar bonus, you won’t want to spend days playing $1 blackjack hands but don’t wager large amounts at once. Be patient and you will be rewarded with some nice free cash once you meet the wagering requirements.