From now on, you should consider the Terms and Conditions as your bible for navigating the complex world of online casino gaming. There are hidden stipulations baked into every welcome bonus on every site that enable operators to recoup on their investment. Read on to know everything you need to know about the special conditions online casinos leverage to make money.
A wagering requirement (often referred to as WR) is a conditional rule that many sites require players to follow to redeem money won on the site as part of a bonus offer. The wagering requirement usually ranges between 20x and 70x, which means the number of times you must wager your money relative to the initial bonus amount (X). To clarify, a website that provides a free bonus of £100 and a wagering requirement of 40x would require a player to wager 40 times their bonus amount (£100), which would equal £4000. This may seem like a lot…and that’s because it is. This is the trump card used by virtually every online casino in operation today, making your odds of coming out of the transaction with more money than you started with very unlikely.
Another critical bylaw of most wagering requirements involves the game contribution rate – and how it impacts progress towards fulfilling your WR. Typically, a wager (bet) on a slots game would be worth 100% towards your wagering requirement, blackjack would be 25-50%, and other games spanning a wide variety of contribution rates, depending on the platform. If you truly want to breeze through the wagering requirement and get paid quickly, be sure to place bets on a game that contributes 100% per game.
When reading the fine print, you might find a reference to redeemable and non-redeemable bonuses. This is another sly trick used by casinos to make players unable to withdraw any of the original bonus funds offered by the platform. It is referred to as a play-only bonus. If you see the bonus money referred to as a redeemable bonus, that means you can withdraw it as real money once you have fulfilled the wagering requirements set out in the casino’s terms and conditions.