|
Virtually every online casino is offering a free bonus,
which is also one of the strong suits in the hands of the online gambling
companies versus the land based casinos. But it would be quite naive to expect
that the casinos simply hand you a wad of virtual cash and you can go home a
richer man. In order to avoid getting scammed by bad players, the online casinos
have tied up their bonus offer to something called "wagering requirements", also
often referred to as "playthrough requirements".
The wagering requirements could be vary simple or quite
complicated, depending on the online casino and the specific bonus offer and
unfortunately the lack of understanding from the players' part often drives a
big wedge between a certain casino and its customers. We have long been
advocates of simple playthough requirements, terms and condition of bonuses,
etc., which would help not only the individual gambler, but the gambling
industry as a whole, however not every online casino has sided with us on this
matter.
It's beneficial for the casino customer to truly
understand the nature of the online casino bonus and the actual wagering
requirements that come with it. Here we will explain in plain English how the
majority of casino bonus wagering requirements work and what you need to know to
effectively increase your casino bankroll.
The casino bonus wagering requirements are conditions
that must be met by the player before the winnings are cleared for withdrawal.
Let's take an example with Vegas Casino Online, which offers 125% match-up bonus
for new players. This means that if the player deposits $100, the online casino
will add additional $125 to the player's account. If there were not wagering
requirements, any smart person would simply withdraw the total of $225 and be an
instant $125 winner, correct? To avoid this, the online casino uses playthrough
conditions before the customer can withdraw the money.
For example, the wagering requirements for this
particular bonus are "30 times deposit+bonus". What this means is that a player
must wager 30 times the deposit+bonus amount before they are eligible to
withdraw the bonus and any other winnings that come with it. Using the previous
example of $100 deposit and $125 bonus, the player must wager total of $6750
before the bonus could be withdrawn. This may seem as a big number, but keep in
mind that this doesn't mean that the player must lose that amount, rather that
the customer must place wagers in the total amount of $6750. For example,
betting $10 on a slot machine spin counts as $10 towards the wagering
requirement, regardless of the final outcome of the wager, i.e. it doesn't
matter if you would lose the spin or win the $10,000 jackpot. Playing slot
machines is actually the fastest way to meet wagering requirements, especially
if you are lucking and get a big win.
This is the right time to mention one more caveat of
the casino bonuses, that is, some casino games do not count towards meeting the
wagering requirements. Why, one may ask? Well, an experienced gambler would
instantly realize that playing Roulette, for example, and betting on both black
and red is a great way to meet the wagering requirements, while minimizing the
risk greatly. You would lose your bet only if the outcome is double zero which
happens rarely enough to easily meet the wagering requirements without losing
much. Therefore, it's also very important to check the casino bonus terms and
conditions for those games that do not count towards the playthrough of the
bonus. |
