Bonuses, promotions and extra cash for play all come with wagering requirements. But if you like, you can also play on no-wagering casinos. Here’s more about wagering requirements.
When you are selecting an online casino to play on, wagering requirements is one of the must-look-at things. Most reputable UK online casinos have bonuses to give and they come with different wagering requirements.
The best online casinos in the UK usually offer a wide range of games and betting options. From online slots, to live dealer games and sports betting. All these come with different wagering requirements.
Here is a guide on the different wagering requirements you will encounter in online casinos. Remember to always check the terms and conditions page of your casino to know more about bonuses and turn overs.
What are the wagering requirements?
Wagering requirements refer to the requirements you must meet so you can be able to withdraw winnings. Wagering requirements only apply if you accept any kind of bonus.
As a responsible punter, you are advised to check on a casino’s terms and conditions of a bonus before clicking the accept button. This will help you plan your bankroll and gameplay.
How do wagering requirements work?
Sports betting wagering requirements
You will usually find that sports betting comes with favourable wagering requirements, as compared to other casino games.
There are different types of wagering requirements under sports betting.
Free Bets Wagering
This is straightforward and simple. Free bet bonuses mean that you must place a specific bet to trigger the free bet.
If there are no wagering requirements, you will be given upon registering, without having to make any deposit. This also means the wins will be deposited in your account as real money.
If your wins from the Free Spins are converted into bonus money, they are usually tied to wagering requirements. It means you must turn over the amount you received before you can withdraw your wins.
Live casino wagering requirements
Most live casinos have bonuses. When it comes to living dealer games, learning how to calculate the expected bonus value is smart. You should check on the amount you have to wager before multiplying the amount by the house edge. This gives you the total cost of wagering a particular bonus.
For example:
If Casino B has 100% match offer up to £250 on the first deposit and it comes with a 70x turn over (wagering requirement), it means you need to wager £17,500 before you can withdraw your wins from the bonus.
Pros of accepting bonuses
Bonus cash – You will have extra cash to try your luck with. This means you can play with different bet sizes, try out different games and spend more time on your favourite games.
No-deposit bonuses & Free Spins – The best kind of bonus is the one that does not require a bonus. No wagering bonuses are a brilliant choice. They come with reduced risk and you can still enjoy most of your favourite games.
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Free bets mean you are simply placing a bet without any risk involved. It is like the casino’s sportsbook takes care of the stake for you. So all you need to do is place the bet and wait for the outcome.
Some casinos will not require you to pay anything to access your wins. Others will need you to make a deposit first before you can withdraw your wins from the Free Bet.
For example, you are given a free bet worth £50 and the wagering requirement is to turn it over 2 times. This means you must bet £150 before you are paid out the wins on your Free Bet.
Advantages of Free Bets:
- You can double and increase your bankroll.
- You can balance your bets (use it as a hedge). Like betting on one team to win a game and using the Free bet to stake on the other team.
Deposit bonuses
These bonuses mean the amount you get depends on the amount you deposit. Here, you must deposit a certain amount before any winnings can be withdrawn.
For example:
Casino A offers a 100% deposit bonus up to £100 for new punters. This means if you deposit £50, you will get a £50 bonus. If you deposit £100, you get £100.
If the turn over (wagering requirement) is 2 times (2x), you must bet up to £200 to withdraw the bonus + its wins.
Slots wagering requirements
Bonuses on online slots usually come in form of Free Spins worth a certain amount. Free Spins are a casino’s way of encouraging players to spin the reels of slot games.
With free spins, you can spin the reels of your favourite online slots without risking any of your money. Whatever you win from the Free Spins will be added to your total bankroll either as bonus cash or regular cash.
Just like cash bonuses, Free Spins can either come with wagering requirements or not. Sometimes you might have to deposit before you can claim the cash you have won from the slots.
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