Understanding The Wagering Requirements Of Deposit Bonuses

    Bitcoin Guide

    A wagering requirement refers to the conditions that apply to a particular casino that a gamer must meet in order to receive an allocated bonus. These terms and conditions are the norm with both online and mobile based casinos. The lure of free bonuses that welcome a new player upon signing up or playing the first game may seem like deals to die for. What you need to know however is that there is a catch to getting this money. The Standard procedure for most casinos dictates that the player has to bet a number of times before the casino allows cashouts of the bonus funds or winnings derived from those funds.

    The wagering requirement is usually represented by a multiplier(X), meaning the number of times, and a number besides it say 10. In essence, the number is multiplied with the symbol (X) to arrive at 10x or 10times. It follows therefore that the higher the bonus awarded by a casino establishment, the higher the wagering requirement imposed. Typically, most wagers range between 5x and 55x. Let’s take for instance that the bonus amount has been set at $200, and the wagering requirement is 45x, it means the gamer has to bet the $200 forty five times in order to lay his hands on the $200 bonus. So that is ($200*45) $9000. Clearly, the $200 is no cheap giveaway, and you really have to toil in order to get it. It really doesn’t matter whether you win any bet or not, what is of importance is that you get to place a number of bets mounting up to the required amount. You should therefore be cautious before making a play at the bonus, since you need to establish whether the amount on offer is worthwhile.

    In their quest to make the sport more challenging, gaming developers ensure that wagering requirements have constraints and conditions alongside them. The duration of time within which the bonus is valid and also the type of games that the bonus can be played with are just some of the caps that are in place. A wager with a ten day time restriction, for instance, means that you have just ten days to place your bets, with failure to do so making all your bets invalid.

    Contribution towards the wager amount by the gamer may also be a wager requirement in some casino games. This involves placing different percentages on different games, which is actually seen as a form of contribution. Games such as slots attract huge numbers owing to the fact that they have a 100 percent contribution towards the wagering requirement,  whereas games such as roulettes and blackjack, which are not that popular to bonus lovers, usually have a much lower contribution to the wagering, such as 15 percent. The lower percentages are meant to protect the casino from unforeseen losses considering the games do not rake in much profit. It is however important to note that the percentages do not apply to all casinos. The establishments have a right to set their requirements at any figures they so wish in order to attract more players.

    Gamers also need to be conversant with the bonuses owing to their close linkage with wagering requirements. Cashable bonuses for instance are retrievable once the gamer has met all the wagering requirements. A request to withdraw, however, has a negative effect in the event that the wager requirements were not fully met. The casino may hold on to your bonus including your previous winnings. Other bonuses like the sticky type only allow the gamer to retrieve it when making a withdrawal. Only the amount won and not the bonus can be withdrawn. However, the merits of this bonus lie in its ability to be used to wager, hence increasing your chances of winning. The sticky type 2, on the other hand, does not grant you anything including the wins. The only benefit with this type of bonus is that it helps you grow your bet amounts overtime enabling you to take on higher stake games.

    In conclusion,
    Considering the fast paced nature of online, mobile and Bitcoin casinos, it is prudent for you to go over the terms and conditions regarding wagering requirements carefully. Committing your money before a proper evaluation of the worthiness of a bonus may prove to be an uninspired move.

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