When it comes to playing at casinos online, there are a few things that can persuade or dissuade you from signing up. One of those is whether or not the online casino wagering requirements on their welcome bonus and future bonuses are reasonable and achievable.
So lets define what casino wagering is:
Every single bet you make on a slot machine, hand of blackjack, or a spin of the roulette wheel, is considered a wager.
That’s pretty simple stuff. So what are wagering requirements then?
Casino wagering requirements define the amount of wagers you have to make in order to cash out any winnings from your casino bonus.
Again, pretty simple to understand but let us run you through a few examples from some of our best casino sites.
If you head over to Vera&John casino from one of our links here on SlotSumo, you’ll get a first deposit bonus of 200% up to €$100 – T&Cs Apply (bonus not for UK players) Within their terms and conditions for this bonus you’ll notice that you have to wager the bonus money you get 40x.
What does that mean?
Well it means that if you were to get the maximum bonus you could deposit €$50 in real money and get €$100 more in bonus money giving you a total of €$150 to play with.
That 40x wagering on the bonus money means that you would have to wager a total of €$100 x 40 giving you a total of £€$4000 in wagers in order to take any winnings from this bonus out as real money.
It can sometimes be hard to clear, but if you pick the right machine, you can make $50 worth of wagers, with only a $10 or $20 in bonus money.
The reason for that is every little win where you get your bet back, that for you is just bringing you back to where you started, is ‘new’ money to play against the wagering.
You still need to get a little lucky, but equally, you get to play for longer on some of your favourite slots online.
Here’s our formula for how you can calculate how much you have to wager in order to clear any bonus you might come across.
This takes in to consideration the amount of bonus money, the type of wagering, and the percentage that the games you like to play count towards your overall clearing of the wagering.
There are a few ways in which casinos like to define ‘wagering requirements’. This can be the bonus money only, the deposit amount only, or the bonus plus the deposit amount.
Most fair casinos make you wager the bonus money only, with a common wagering requirement being around 30x – 40x.
So lets us give you our casino wagers formula:
What do they all mean?
It looks more complicated than it is, but at least now you have a formula that lets you put it into practice with any of our favourite casinos and their special welcome bonus.
The reason we use casino deposit bonuses as an example is because they can come in different forms; namely only the bonus money counts, or your deposit and bonus counts towards the wagering.
Any free spins bonus wagering requirements simply falls in that first category: ie. anything you win from the free spins is turned into bonus money.
So you use formula number one to calculate how many times you need to wager your free spins winnings.
The terms and conditions here are that you can get a maximum of 500 in bonus money with 30x wagering on the bonus money only. The Casumo slots count as 100% for the game percentage so everything you bet to pass the wagering requirements will count.
So the maximum you can deposit to get the maximum bonus is (500/100) x 100 = $500.
Ok, so lets say that you deposit the maximum of $500. That would be your deposit amount, and would give you $500 in bonus money. Now plugging the numbers in to our formula above you get:
(Bonus x Wagering) x (100/Game Percentage) which is equivalent to (500×30) x (100/100) = 15000
Easy when you know how hey?
That means you could pretty much now calculate how much you will need to wager on any bonus that you get from any casino site. Just be sure to calculate the maximum you can deposit given the size of the bonus carefully.
And at the end of the day if you can’t figure it out, or are feeling lazy, you can always ask their customer support staff before you deposit and take any online casino bonus.
If they are not happy to tell you how much you’ll need to wager, it’s not worth playing at that casino.
Most casino bonuses, once you take them, you need to play through the wagering before you can withdraw.
Every once in a while though, you get some really fair online casino terms, where you can withdraw at any time. You lose your bonus, of course, but you don’t have to clear any wagering in order to withdraw.
Why is this good? Because it means the casino lets you play with your real money casino deposit first, then your bonus money. If you win using your real money, why wouldn’t you want to withdraw?
They view the bonus as it should be; bonus money for when you run out of money. If you don’t need it, you don’t have to use it.
Leo Vegas and Vera & John both have this fair play policy on board.