When you start browsing the Net, you will find many different online casinos. Most of these casinos give you bonuses to entice you to sign up at their casino. The most common bonuses for new players are: Welcome Bonus, No Deposit Bonus, Free Spins Bonus (Freespins). Most of these bonuses are generous. Often, these bonuses are linked directly to your first deposit or as soon as you sign up for free. In 99% of bonus cases, there is a wagering requirement to redeem the winnings on this bonus money.
What is the Wagering ?
On almost all online casino bonuses available, you will have to meet a wagering requirement before you can withdraw your winnings. What is Wager? And how can I get the most out of my bonuses? These are real common questions from online casino players. Each casino has its own wagering requirements for its players. They vary from 10x to 120x the bonus money. Wagering means that you have to play your bonus money for a certain period of time before you can withdraw this amount in real money
Exemple 1
A casino offers you a welcome bonus of 100% on your first deposit. This casino has the condition of having to wager 30 times the amount of the bonus in its T&C. When you deposit €100, you will receive an additional €100 bonus and therefore obtain a total balance of €200. Bonus money must be wagered 30 times before a winning can be withdrawn. In this case, you have to play/bet/bet 30x €100 = €3,000 before your money can be withdraw
Every bet or spin you make at the casino will be added to the amount wagered. So when you make 50 bets of €1 each, you have bet €50 out of the total €3,000 needed.
Bonus without deposit
A number of online casinos offer you a no deposit bonus. This means that you will receive free money once you sign up so you can test out the real money casino. The casino offer in most cases is “€10 free cash, no deposit necessary” like at Magicalspin or Prince Ali. Yes, when you register in these casinos, you will see 10 € on your casino account after asking the chat support. But this bonus in most cases has a high wagering requirement. You must therefore place a certain number of bets before you can redeem any winnings on this bonus offered. The good thing about free money is that you can check out the casino, play games and see if you like the casino. Click here for an overview of casinos with a no deposit bonus: <here>
Exemple 2
A casino offers you a €10 no deposit bonus with a 30x wagering requirement. So, once you sign up for free, you can start playing with your free €10. To redeem your winnings or bonus money, you must wager or spin 30 x €10 = €300. Once you have reached this amount, your winnings are ready to be withdrawn to your bank account or your preferred withdrawal method. (A withdrawal limit is often set up with this type of bonus).
Welcome Bonus
Every online casino offers you a welcome bonus. And for players who want to play with higher stakes. 99% of these bonuses have active wagering requirements. Bets vary from 10 to 120 times the bonus amount. And even in some casinos, your cash must be wagered (this is called the Sticky Bonus). I always recommend that you read the terms and conditions of the bonus offered before you start making deposits.
To explain common situations, we have made some simple examples of welcome bonuses and the most offered bonuses.
Exemple 3
A casino offers you a welcome bonus of 200% on your first deposit up to €200 with a Wager Sticky 30x on the deposit and the bonus. In this case, you can get up to €200 bonus on your first deposit. To get the most out of it, you can deposit €100 and you will receive €300 to play. Your cash money in this case is €100 and your bonus money is €200. On the two amounts, it is therefore necessary to bet 30 times. Before you can redeem or withdraw any winnings, you must wager 300 x 30 = €9,000. (30 x €100 + 30 x €200).
Exemple 4
A casino offers you a welcome bonus of 100% up to €1000 and the bet is 10x deposit and 20x bonus. When you decide to deposit €500 at this casino, you will receive €1000 to play. (€500 cash and €500 bonus). Before you can make any withdrawals you must wager the following amounts €500 x 10 = €5,000 plus €500 x 20 = €10,000 so a total of €15,000 must be wagered before you can redeem any winnings on these bonuses or cash deposit.
All the examples above show how important it is to read terms and conditions before accepting free offers. We always advise players accustomed to playing in online casinos not to use bonuses if they are not aware of these conditions and the risks associated with these bonuses. Just play with your own money. So when you are lucky at first, you can trade or withdraw your winnings directly. And you don’t have to wait or play until you reach the wagering requirements.
Prefer Online Casinos with the lowest wagering requirements
When you enjoy playing at the casino with bonuses, it is important to look at the wagering requirements. The lower the wagering requirement, the faster you can cash out the balance. Differences in wagering requirements can be quite significant at online casinos. Some, for example, only ask for a 10x wagering requirement on the bonus, while others may ask for a 50x requirement for deposit and bonus. When you deposit for example €50,- with a 200% bonus, it can make a big difference.
At the first casino, this means you have to bet 50 x 200% x 10 = €1000, – At the second casino, this means that you will have to roll over 50 + 100 x 50 = €7500, – Now you can see the magnitude of the difference. At the second casino, you will have to wager more than seven times the amount you will need for the first casino bonus.
Have fun , be patient and hopefully you get there.
@Casinostwitch
Keep in mind all bonus terms and conditions
One piece of advice we want to give you is to keep all bonus terms and conditions in mind when making deposits at online casinos. This is important because breaking any of the rules can result in your balance being voided as well as your winnings. One of the most important rules to know is the maximum bet rule. Many online casinos limit the maximum bet when playing with a bonus. This protects the casino from players who claim a bonus and only take a few rounds with really high stakes. This can lead to a heavy loss for online casinos. If you bet more than the maximum bet allowed, you will not be able to cash out. So you will lose all your funds. In most online casinos, the maximum bonus bet is €5.
One thing also that you should know, when you play online casino games you participate in a game contribution. Not all casino games will contribute the same contribution rate depending on your wager. In most casinos, games with a high rate of return on investment (RTP) contribute less than games with a lower RTP. This prevents players from only playing low risk bets on games just to wager their bonus. In the bonus conditions or promotional conditions of most casinos, you will be able to find which games contribute and for what percentage. In most cases, it will be around these numbers:
Slots contribute 100% of your bet except for a limited number of games that offer really high RTP, a restricted list of machines is often displayed when this is the case. Scratch card games and keno contribute 100%. Table and live casino games contribute around 10%. Video poker games don’t contribute or only 5%. Jackpot games do not contribute at all. If you like to wager your bonus quickly, play slots that contribute 100%. If you like to play other types of games, this is not a problem, but keep in mind that it will take a long time to reach the rollover amount in this case.
Be sure to wager your bonus on time!
One last piece of advice we can give you is to wager your bonus on time. At most online casinos, unused bonus funds will be removed from your account within 30 days. Bonuses and no deposit bonuses will also expire within 30 days in most cases. This means that if you do not wager the bonus in time, you will lose the money in your account. This is of course very annoying and a waste of your money. Because if so, it’s important that you play enough before you reach that expiration date.
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