When it comes to online casino bonuses, one of the most important aspects to consider is the wagering requirement. A wagering requirement, also known as a playthrough requirement, is the amount of money you need to bet before you can withdraw any winnings from your bonus. It is an essential factor to consider when choosing a casino bonus, as it can greatly affect your chances of winning.
How Wagering Requirements Work
Let’s take an example. You deposit $100 and receive a 100% match bonus, which means you get an additional $100 in bonus money. The casino’s wagering requirement is 20x, which means you need to play through 20 times the amount of the bonus before you can withdraw any winnings. In this case, you would need to wager $2,000 (20 x $100) before you can withdraw any winnings from your bonus.
It’s important to note that wagering requirements are not always applied to the bonus amount alone. Some casinos may require you to wager both the bonus and deposit amount before you can withdraw any winnings. In the example above, if the wagering requirement was applied to the bonus and deposit amount, you would need to wager $4,000 (20 x $200) before you can withdraw any winnings.
Why Wagering Requirements Exist
Wagering requirements exist to protect the casino from bonus abuse. Without wagering requirements, players could simply deposit, claim the bonus, and withdraw their winnings without playing any games. This would be a significant loss for the casino, which is why they implement wagering requirements to ensure that players play through the bonus amount before withdrawing any winnings.
Types of Wagering Requirements
There are two main types of wagering requirements: sticky and non-sticky. A sticky bonus is a bonus that cannot be withdrawn. It remains in your account until you have completed the wagering requirements. Once you have completed the wagering requirements, you can withdraw any winnings you’ve accumulated.
A non-sticky bonus is a bonus that can be withdrawn once you have completed the wagering requirements. This means that you can withdraw the bonus amount and any winnings you’ve accumulated once the wagering requirements have been met. Non-sticky bonuses are generally more favorable for players, as they offer greater flexibility and a better chance of winning.
How to Meet Wagering Requirements
Meeting wagering requirements can be challenging, but it’s not impossible. Here are some tips to help you meet the requirements and increase your chances of winning:
- Choose games with a high payout percentage. Games with a higher payout percentage are more likely to generate winnings, which can help you meet the wagering requirements faster.
- Read the terms and conditions carefully. Make sure you understand the wagering requirements and any other conditions attached to the bonus.
- Set a budget. Determine how much you’re willing to spend and stick to it. This will help you avoid overspending and keep your gaming experience enjoyable.
- Take breaks. If you’re not having luck with a particular game, take a break and come back later. Playing for too long can lead to frustration and poor decision-making.
Understanding wagering requirements is crucial when it comes to online casino bonuses. They can greatly affect your chances of winning and the overall value of the bonus. By choosing a non-sticky bonus, selecting games with high payout percentages, and setting a budget, you can successfully meet the wagering requirements and increase your chances of winning.