How to Calculate How Much Needs to be Wagered?
To say that wagering requirements are a bonus aspirants’ worst enemy is certainly not an overstatement. All bonuses, including no deposit real money offers, are subjected to a variety of terms and conditions that stipulate how the bonus works and ensures that players use the bonuses as intended and do not abuse or exploit the offer and cause financial loss to the casino.
Of all the terms and conditions, the one you need to really understand is the wagering requirement since it is the most substantial in determining how much value you can actually gain from any given bonus.
Not sure what wagering requirements are or how they work? Well, worry not because it is not a difficult concept to comprehend. Below, we explain what wagering requirements are with an example to give you an accurate and practical understanding.
There two main facets to wagering requirements:
- This the requirement which needs to be fulfilled before you can withdraw bonus winnings or bonus funds.
- The requirement specifies how much money you must deposit and wager at the casino before the bonus funds are unlocked and eligible for withdrawal.
Your casino balance is usually split into two parts within your casino cashier – real money balance and bonus balance. Any amount or funds that you have in your real money balance and be cashed out. However, any funds listed under bonus balance can only be used to play games at the casino and cannot be actually withdrawn unless and until you complete the wagering requirements. Upon satisfying the wagering requirements, the bonus balance is converted into real money balance which can then be withdrawn.
Example: Let’s take a look at a hypothetical example of how to go about dealing with wagering requirements in the case of a no deposit bonus.
Casino XYZ is offering a no deposit bonus of 10 free spins which can be used on the slot game Starburst to new players who open an account at the casino. The wagering requirements for this bonus has been published in the bonus terms and conditions as 35x the bonus amount.
Now, consider that you sign up at this casino and successfully open an account. You will receive 10 free spins. Since the free spins are usable only the slot game Starburst, you load up this game and the free spins appear.
You proceed to start playing with your free spins and you use up all of the ten free spins. In the course of playing, you have managed to win $20. Since the $20 winning was a result of bonus free spins, the $20 is added to your bonus balance and cannot be withdrawn. In order to withdraw the $20, you must complete the wagering requirement of 35x.
Now, you need to calculate 35 times $20 = $700. Therefore, $700 is how much you need to deposit and playthrough in order to unlock your $20 bonus funds and withdraw it. You don’t have to deposit and playthrough all $700 at once, but you can do so in several deposits as you wish. However, the wagering requirement generally must be completed within the time frame specified in the bonus terms and conditions.
Example
Yabby Casino gives all players a $100 no deposit bonus subject to a 45x wagering requirement. This means you must stake an amount equivalent to 45x times your bonus to cash out your bonus winnings
Here’s how the wagering requirement is calculated:
$100 bonus x a 45x wagering requirement = You must wager $4500.
When you’ve wagered $4500 and completed the wagering requirement, the remaining funds your bonus balance are transferred to your cash balance. You can finally cash out your winnings!
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