If you want to use casino bonuses, you should always read the bonus conditions first. After all, there are a few things to keep in mind. The bonus amount alone should never be the deciding factor for or against a bonus. This is especially true if you want to cash out the winnings you make with your bonus. Pay attention to whether it is real money or bonus money that you receive as part of the offer.
Real money is money that you can use without restrictions. you can use it for all games and cash it out whenever you want. Bonus money, on the other hand, is tied to bonus conditions. While playing with bonus money you can often only play on certain games. In addition, the money has wagering requirements, which must be met in order to cash out. You will now find out what the wagering requirements are.
What is a wagering requirement?
Wagering requirements, also known as wagering requirements or playthrough, specify how often you must use the bonus amount as a wager on qualifying games in order to gradually convert it into real money.
For instance; if you receive a bonus of AUD10 and the wagering requirement is 35x, you will need to wager the AUD10 35 times to meet this requirement. In this example, the wagering requirement totals AUD350. This is because AUD10 x 35 = AUD350.
Without these conditions, online casinos could not survive for long. For example, if an operator were to give away AUD10 to every new customer without any conditions, they would probably go out of business.
The players would not only get AUD10 in cash, but also any winnings they could make from this offer. In addition, there have been cases in the past where players took advantage of bonus offers. The operators had to become extremely careful, which is why it is usually difficult to meet the conditions.
If you still want to cash out as much of your winnings as possible through bonus money, here are a few tips:
- Make sure that the wagering requirement only applies to the bonus money and not the bonus nor the amount deposited to receive it.
- The smaller the wagering requirement, the easier it is to meet.
- The lower the bonus amount, the easier it will be to meet the wagering requirement.
- Maximum betting limits should either not exist at all or be as high as possible.
- If many games are excluded from the bonus, you can safely assume that the allowed games will not make it easy to meet the wagering requirements.
How do RTP and Volatility come into play?
That said, there are definitely games that can speed up the fulfillment of the wagering requirements. These are mainly slots with a high Return to Player (RTP). That is the percentage of the bet that is paid back to the player on average after 100 or more spins. Games with payout percentages of more than 96% are particularly recommended in this case.
At the same time, low volatility can increase the chances of your bonus being converted into real money. This is the term used to describe the behavior of the slot machine with regard to the distribution of winnings. With low volatility you will usually win more often, but then these are smaller amounts. That in turn is VISA to meet the wagering requirements.
If you intend to cash out as much of the winnings you make with your casino bonus as possible, slots with a high RTP and low volatility are therefore particularly suitable. However, there are also players who claim that winning big amounts, even if they happen less often, will lead you to victory. The idea behind this approach is that you will have more money to play with and therefore a larger amount to convert the bonus money with.
Of course, this approach also makes sense, but a little more risky than the one mentioned earlier. If you play with high stakes and don't get the big wins you hoped for, you will soon lose all your bonus money. In addition, games with high volatility and RTP are usually excluded from the bonus terms or have maximum bet limits, making this approach impossible.
Frequently Asked Questions
What is the purpose of wagering requirements?
If online casinos handed out bonuses without any conditions, that would be equivalent to giving away money. Of course, sooner or later this would have to be put to an end, so that the casino does not go bankrupt.
What should I pay attention to with a bonus offer?
The amount of the bonus should never be the main reason for choosing a casino offer. Always pay attention to the bonus conditions and how easy it is to meet them. If you pursue the goal of cashing out the winnings you made with the bonus, you should pay particular attention to the wagering requirements.
When do the wagering requirements apply?
If it is not a real money bonus, there are by definition wagering requirements for the bonus. It doesn't matter if it's free spins , a cashback bonus , a no deposit bonus , or a deposit bonus. Once the bonus money has been credited to your account, the wagering requirements must be met.