Before you go ahead and use any of the bonuses offered to you by an online casino, you should always make sure that you've read the fine print and know what the wagering requirements are. Collecting your winnings after receiving a Bonus will sometimes entail meeting the wagering requirements. Below our video and text explain how wagering requirements work at online casinos.
WHAT IS A WAGERING REQUIREMENT?
Typically, the wagering requirement, also known as the turn-over, is a multiple of the bonus given and is indicated by a number and an ‘X’, for example, 10X, 30X etc. The total is the amount of money which must be wagered before you can withdraw your winnings from an online casino.
This means that if you’ve deposited RM100 and the wagering requirement is 30X, you’ll need to make RM 3,000 in wagers before you’re able to cash out. This doesn’t mean that you need to have RM3,000 as every bet you make, whether you win or lose, will count towards your wagering requirements. For example, if you’ve played a slots game and have bet RM1 on each spin for a total of 10 spins and you manage to win RM 8 and lose RM2, you would be still contributing RM10s to the wagering requirement.
In addition, if you continue to play on another game such as roulette or continue to play slots and you bet RM 1 on each spin for a total of 10 spins and manage to win RM 1,000, you’ll be up by RM 990 but you’ll still be contributing RM 10 towards your wagering requirements. This amount will depend on the casino and the country you’re playing from.
WAGERING REQUIRMENTS BASED ON DEPOSITS & CASINO BONUSES
Some casinos do not only apply their wagering requirements to the amount you receive as a bonus, but also to the amount that you choose to deposit. This is known as D (Deposit amount) + B (Bonus amount) wagering. For example, if you deposit RM 300 and a bonus of RM200, the wagering requirements will be set higher at the casino.
Provided that the wagering requirements are D + B, the wagering requirement would be marked as 30 X B, with ‘X’ being the deposit amount and ‘B’ being the bonus amount times 30. Supposing that you’ve deposited the amount of RM 300 and received a bonus of RM 200, you’d then have to plus the two amounts and times the total by 30 which would mean that the wagering requirement will then have to be a total of RM 15,000.
If you’re new to the iGaming scene, you should be aware that most players will not take a bonus of less than a 100% match if the casino states that it has a D + B wagering requirement on it. If a casino offers you an online casino bonus of 20% on a RM100 deposit with a wagering requirement of D + B then the requirement would be RM 3,600 with the majority of that being the player’s own money.
Bear in mind that most casinos have higher wagering requirements on sign up bonuses and no deposit bonuses since in retrospect these are the ones which are mostly taken advantage of.
GAME CONTRIBUTION PERCENTAGES & WAGERING REQUIREMENTS
Keep in mind that some games will contribute different percentages in wagering requirements and not all games count to meeting through these requirements.
Slots may count as 100%, so a bet of RM2 would count as RM2 of your wagering requirement.
Roulette may count as 50% so if you make a bet of RM 2, you’d only be contributing RM 1 towards your wagering requirement.
Video Poker might count as 10% of your wagering requirement, so that would increase your requirement from 30X to 300X which in hindsight would make a massive difference to your wagering requirements. If you receive a RM 50 Bonus and play a video poker game which makes a 10% contribution to your wagering requirement would increase from RM 1,500 to RM 15,000.
Bonus Wagering Calculator
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If you're still confused, you can just talk the online casino's Customer Support to explain to you.
CASINO BONUS TERMS INDICATE WHICH GAMES OFFER THE BEST PERCENTAGES
Always make sure to read the terms carefully, in order to be able to evaluate which games you can play on to meet the wagering requirements in order to be able to cash out. Some casinos have a condition on the games you choose to play and how you’re allowed to meet the wagering requirements. Some casinos have a condition whereby if you play any game with a wagering requirement which is of a less % than another game you’d still be contributing the less % despite the fact that it might have a higher wagering requirement percentage on it. For instance, if you play a slots game which has a 100% wagering requirement and video poker which has a 10% wagering requirement, the wagering requirement on the slots game will be 10% rather than 100%.
As mentioned above, different casinos have different wagering requirements. The largest online casino bonus will, in all probability, have the most stringent wagering requirements attached to it. Therefore, unless you're an extremely frequent or high stakes player, there is a good chance that you’ll find it difficult to fulfill the wagering requirements for these very large bonuses. And that's why the largest bonuses aren't always the best online bonus. Be sure to do your research and try to gauge whether a bonus has beatable wagering requirements. This way you won't be disappointed and avoid the worst case scenario - spending valuable time and money clearing an online casino bonus but then not being able to claim it.