Offers and bonuses you receive in online casinos are provided on bonus terms and conditions. In the top online casinos, you will usually have offers like welcome offers, free spins, etc., such as free spin bonuses. Ring a bell, does it? Well, while these offers are awesome, most of them will have another aspect you must consider— the wagering requirements.
Here are some of the most common bonus types you will find:
All casino bonuses come with wagering requirements. The name is self-explanatory, as this is the number of times you need to wager the bonus money and winnings before they can be combined with real money and withdrawn.
You will probably be wondering how these terms of a bonus work. It is a good idea to bear in mind that the terms vary depending on the type of the bonus. On standard bonus cash, you must bet the bonus amount a set number of times. In a free spins bonus, the casino wins you gain through spins constitute the wagering requirement.
Whenever you gamble in an internet casino with bonuses, you have a very high probability of not being able to avoid the terms of the bonus entirely. That is, you will not be able to avoid them for the particular bonus deal that you want if it involves wagering terms. Still, there are means by which you can use the casino bonus appropriately and reduce the impact of these terms.
When looking for bonuses, don't get blinded by the value of the bonuses. Take a look at the wagering and other bonus terms. Always read the fine print. If it's too good to be true, then it probably is.
Some online casinos go one step further and offer real money bonuses without bonus terms. These types of promotions are usually less valuable than those with wagering terms most of the time. Nevertheless, it's worth noting.
Certain online casinos offer players special bonuses that are free from terms and conditions. Examples include cashback promotions, often as part of a loyalty scheme, gift promotions, event tickets, and so on.
Some players, especially high rollers, may want to have only real money in their online casino account and not have to satisfy the bonus conditions. Most online casinos also allow you to decline a bonus and not work for its conversion into real money.
We do not recommend doing this, as always it is better to try to make use of casino bonuses. Firstly, they allow you to play and experiment with casino games before spending your money. And in some cases, you can complete the bonus requirements and win additional real money.
At all casinos, different types of games contribute differently to the bonus wagering requirement. Assume, for example, that slots contribute 100% and table games contribute 20%. Then all the euros bet on the slots are so counted, but at the table games only 20 cents of each euro are so counted towards fulfilling the bonus requirement. Ensure you read the terms and conditions before playing your favorite game.
Choosing a casino bonus is a good idea, and one should know what wagering conditions there are. The good news is that it's very simple to calculate the bonus terms, and you can do it by using the following formula:
Bonus amount x Wagering requirement = Total amount to be wagered
You can apply this easy-to-use formula to any bonus terms to know exactly how much you have to wager. Let's take an example to show you how to calculate.
Assuming the wagering requirement is 20x. You are offered a welcome bonus by an online casino and it is a 100% bonus of your first deposit. This would mean if you deposited $100, the casino would give you a bonus of $100 in your account. If the wagering requirement for this bonus is 20x, the process would be as follows:
$100 x 20 = $2,000
This means you need to wager a total of $2,000 to be eligible for the bonus terms and convert the $100 bonus into real money. This could seem like an incredible amount, but in fact, it is not entirely out of reach to meet the bonus terms.
In some other casinos, the bonus condition is to be met by the bonus itself and the deposit you used to receive it. The equation for this is:
(Bonus value + Deposit value) x Wagering requirement = Total wager value
Using the same bonus terms as stated above, in this instance, the deposit amount is added:
($100 + $100) x 20 = $4,000
If you don't want to go through the trouble of doing this math yourself, you can utilize an online wagering requirement calculator.
If you have settled on an online casino that gives bonuses with conditions, you will have to meet these conditions so that you can make the bonus amount into real cash. However, this doesn't mean there are no tips that can help you comply with the wagering conditions. Below are some examples where information can help you to bypass the game conditions:
One tip that players ought to keep in mind is to read the fine print. Reading the T&Cs will enable you to learn all there is regarding the numerous conditions the casino attaches to a bonus. You will discover primarily time limits and deposit avenues here.
The best way to find the most rewarding bonuses with the largest bonus terms is to look for online casinos. In simple words, a 20x wagering bonus would be better than another bonus of the same amount but having 40x wagering conditions.
Research and comparison of the online casinos will help in coming out with the bonus gems.
Or you simply browse our best picks list of the best Internet casinos, which gives you direct access to the best casinos with the greatest bonuses. We do read the fine print and do consider it in reviewing and recommending casino bonuses.
Apart from our highly selected bonuses, all of the casinos that are featured on gambling.com are regulated and licensed. Our team of specialists ensures these sites offer the most comprehensive selection of casino games, outstanding customer support, and outstanding design.
