What Are Wagering Requirements?
Updated: 2023-06-13Are you a novice to online gambling and have trouble determining the wagering requirement? You were lucky to stumble upon a steeping bonus offer by a Canadian best payout casino but have no idea how to meet the wagering requirement.
Let’s go deeper and shed light on what wagering requirements are.
Of course, the word “requirement” may strike a chord in the mind of a gambler. For those who wager on sports, there are certain minimum required standards for placing a bet at a licensed sportsbook.
Before we go any further, it is noteworthy to note that gaming sites have different wagering requirements. The minimum you need to meet may also vary from one game to another.
The average gaming site expects you to wager 30–50 times your deposit amount before cashing out. This rule of thumb does not apply to all casino activities.
Scroll down slowly to avoid missing details — you’ll grab plenty of them!
What Is A Wagering Requirement?
The moment you sign up for another online casino or want to take advantage of a promotion at the casino you play at, you can find quite a few bonus offers. These offers provide bonuses such as free spins, free bets, and cash rewards.
It would seem great, right?
Nonetheless, these offers come with some conditions, also known as “wagering requirements”.
So, what is a wagering requirement?
A wagering requirement is an amount you must bet on to withdraw bonus funds. Usually, this is a value with a factor of ×40 or ×50.
In other words, a wager is a certain coefficient by which you need to multiply the size of the bonus to understand the wagering amount. The wager determines how profitable the bonuses presented in the casino are.
To withdraw the money, you need to fulfil some conditions. Many beginners, and even some experienced players, have difficulty fully understanding this process.
So, wagering requirements are the amount of money (usually a multiple of the bonus) that you have to "roll" before withdrawing what you got with that bonus.
Completing all the requirements will turn your “gift” money into real money. If you do not meet the conditions, the money will never be converted into real money, will not become available for withdrawal and will be lost.
For example, with a ×10 wager with a $10 bonus, the gambler needs to take a bet of $100. It does not matter how many values were successful/unsuccessful values.
Some more examples will follow soon. Carry on reading!
You can effectively use trading offers and receive money from the budget only by carefully reading the bonus policy at a casino.
How Do Wagering Requirements Work?
Every bonus offer bears its special rules for receiving and cashing out. Some are available after making a deposit, and others appear after registration. Also, there might be cases where you’ll gain it after making a certain number of bets.
Sometimes casino requirements are so high that playing for bonuses is nothing but a good use of time.
Some gamblers find it quite difficult to understand and fail to get the right idea about it, eventually losing money in online gambling.
Yes, there are too many things to consider.
But don’t be afraid of going astray. I’ll take you through this information and showcase examples. Just keep on reading.
Wager and Wager-Related Parameters
In addition, before activating any type of bonus, you need to pay attention to the following parameters:
| Wager | This most vital characteristic of any bonus allows you to find out how many times you need to scroll the amount to cash your funds out. There are also bonuses without wagering, but this is rare. |
|---|---|
| Periods | It’s the time during which the gambler needs to implement bonus conditions so that “free” funds or spins are not cancelled. |
| Rate limits | The maximum cost of spinning the reels of the slot machine. The optimal indicator in modern gambling is $5 per round. |
| Withdrawal limits | The amount of money that the gambling house entitles you to cash out after meeting all the wager requirements. Some gambling sites set limits on withdrawals. |
| Available games limit | Whenever you claim a bonus, you should consider what games are eligible for a particular promotion. If you know some of the games listed, you’ll better understand if the wager is okay for you. |
These are key parameters to analyse the wagering requirement.
The wager is always presented as a coefficient. The lower this indicator, the more profitable it is for the player.
In some gambling clubs, wagering conditions apply to bonus money and the main deposit. If the bonus amounts to 100%, this increases the total bet amount by 2 times.
Some Wagering Restrictions
Casino players need to consider both the wager and its size and some other features and wagering restrictions:
- Bet size limits: some gambling sites prohibit the use of high rates in their Terms and Conditions.
- Restrictions on slot machines: wagering is possible on certain slots. The club administration lists games that cannot be used for wagering.
- Time limits: when receiving a bonus, a gambler needs to take into account how long it takes to wager the received bonuses. Some gambling sites allow 14 days to wager, and some — only 24 hours.
The rules of the casino detail the requirements that must be met to successfully withdraw the money won. Besides, you may witness even more restrictions, namely,
- Withdrawal of winnings is allowed only after the wagering requirements are met.
- Bonus money is always the last to be debited. If CA$ 500 is in the account and CA$ 250 is an additional fund, your own funds will be debited first.
- Limits on bets and slots are mandatory; they must be remembered when choosing a slot machine.
The money earned would vanish if the player did not have time to win back the received bonuses. For this reason, before receiving a bonus, it is necessary to consider the size of the wager and other wagering conditions.
Refusing to Accrue the Promotion
Once you meet the wagering conditions, the real money will be debited from the main account first and only then from the bonus one. You can refuse to accrue the promotion before the first bets are made from the funds received.
If you have already started using bonus money, then you will need to fulfil the wagering requirements without fail.
In addition, when cancelling the active bonus, all the money won will be debited from your account, and you will only have the initial deposit amount.
Thus, it’s a must to always pay attention to how each casino bonus functions regarding its wagering requirement.
How Wagering Requirements Work For Different Casino Bonuses
Wager sizes depend on the bonus type:
- Welcome/Signup no deposit bonus: such a promotion is issued for registration, and the wager can go up to ×50.
- Welcome/Signup bonus: gambling sites often charge up to 100% of the amount. Such a bonus must be scrolled from ×20 to ×40.
- Bonuses for subsequent deposits: the player increases the deposit amount by 25%, 50% or 100%. Wagering conditions are always more loyal than for the first deposit and can reach up to ×30.
- Reload promotions are provided only to active and regular customers. The player receives them weekly or monthly. Such promotions please with a small wagering coefficient. It rarely exceeds ×20.
- Casino VIP program offers: available only to those gamblers who deposit large amounts (aka high-rollers) and make large bets. The wager in the casino has an average size (within ×40), but the player is often limited to a small percentage of wagering on slots.
- Free spins bonus: free spins that must be used on a specific slot machine specified in the conditions. The funds won must be wagered, and the coefficient rarely exceeds ×30.
- Cashback bonuses: a part of the funds spent is returned to the player. Many clubs require you to wager cashback with minimum odds that don’t exceed ×20.
As a result, you should always be informed on how you calculate your wagering requirements on a particular bonus offer from a Canadian casino.
How To Calculate Wagering Requirements On A Bonus
If a gaming site offers you a bonus, such as a free casino bonus or a no-deposit casino bonus, to attract you to play, the minimum amount you need to wager comes along with the offer.
To calculate wagering requirements on a bonus and see the amount of winning to withdraw, please, stick to the formula:
Bonus Amount × Wagering Requirement = Total Bet
Wagering requirements are an integral part of any bonus offer. An example of calculating bonus amount with the wagering requirement is to use a multiple of the deposit amount.
If a player deposits CA$100 and the wagering requirement is ×10, the bonus amount will be CA$ 1,000. It assumes that the player will need to wager a total of CA$ 1,000 before they can withdraw any winnings.
This type of bonus offer is useful for encouraging players to make larger deposits and can also be used to incentivize more frequent play.
Wagering requirements can be difficult to understand, but understanding how they work can give players a better understanding of how bonuses work and how much they will need to invest to reap the rewards.
The wagering requirement isn’t always ×10 the bonus, though. It can be higher, depending on how much of a risk the casino takes to give you the bonus in the first place.
The higher the initial deposit, the higher the wagering requirement is likely to be.
How To Calculate Wagering Requirements On A Sticky Bonus
Some Canadian casinos provide the so-called sticky bonuses, and you should be aware of how to calculate them.
Bonus Amount × Initial Deposit × Wagering Requirement = Total Bet
So, if you are eligible for a CA$50 with a deposit of CA$ 50 and a ×30 wager, you’ll in total have:
CA$ 50CA$ 50×30 = CA$ 3,000
So, it’s not complicated, and you can apply this formula to any sticky bonus.
Real Examples Of Wagering Requirements
Let’s exemplify it with examples from the Canadian fast payout casinos so that you can assess how you calculate the amounts according to the wagers.
| Casino | Bonus Wagering Requirement | Your deposit amount | Your bonus amount (with the wager included) |
|---|---|---|---|
| PlayAmo Casino | ×50 | CA$ 10 | CA$ 10 ×50 = CA$ 500 |
| CA$ 20 | CA$ 20 ×50 = CA$ 100 | ||
| CA$ 30 | CA$ 30 ×50 = CA$ 150 |
So, depending on the amount you deposit, the wagering requirement will impact the total cost of wagering the bonus that you can cash out.
Let’s consider another example.
| Casino | Bonus Wagering Requirement | Your deposit amount | Your bonus amount (with the wager included) |
|---|---|---|---|
| Wild Fortune | ×45 | CA$ 10 | CA$ 15 ×45 = CA$ 675 |
| CA$ 20 | CA$ 25 ×45 = CA$ 1,125 | ||
| CA$ 30 | CA$ 35 ×45 = CA$ 1,575 |
Now, let’s showcase the way it works at another casino — Spin Samurai — and we’ll also depict how you calculate the wager when it comes free spins.
| Casino | Bonus Wagering Requirement | Your deposit amount | Your bonus amount (with the wager included) |
|---|---|---|---|
| Spin Samurai | ×45 | CA$ 18 | CA$ 18 ×45 = CA$ 810 |
| CA$ 23 | CA$ 23 ×45 = CA$ 1,035 | ||
| CA$ 36 | CA$ 36 ×45 = CA$ 1,620 |
If you would like to withdraw the money you won using the free spins part of the bonus, you’ll be supposed to wager your winning sum several times. To calculate this amount, you should multiply your total winnings.
| Casino | Number of FS | Bonus Wagering Requirement | Your winning from FS | Your bonus amount (with the wager included) |
|---|---|---|---|---|
| Spin Samurai | 100 FS | ×45 | CA$ 100 | CA$ 100 ×45 = CA$ 4,500 |
| CA$ 25 | CA$ 25 ×45 = CA$ 1125 | |||
| CA$ 90 | CA$ 35 ×45 = CA$ 4,050 |
So, after you meet the wagering requirement of ×45 towards the winning during your 100 FS — depending on the amount you won — you’ll have a total sum to cash out.
Since free spins do not come with a cash value, the multiplier only applies to the rewards you receive from free spins. Free bets usually also come with wagering requirements. You may be required to deposit a certain amount before claiming the bonuses.
Alternatively, for example, you may always check some no-wagering requirement casinos, like PlayOJO. There, you’ll be eligible to receive 80 FS with no wager requirement applied. Isn’t it a fabulous idea?
How Can Players Beat Wagering Requirements?
Some punters have their tactics of playing on bonus offers that may comprise the following recommendations:
- Change a game type. You can win back bonuses differently, but all experienced gamblers advise not to focus on one slot machine or card game but to change places where bets will be made. This is because cycles of high returns are followed by periods with minimal prizes.
- Switch to low-dispersion games.
- After using most of the bets, the player can try to wager bonuses in poker or slot machines. There, the RTP rate occurs more often but in small amounts. This will make it possible to maintain the accumulated balance and bring the number of bets to the desired limit.
- Ignore progressive slots. It is necessary to avoid slot machines with the maximum prize money, as you can quickly spend the entire deposit and bonus savings.
- Wait for the withdrawal of the bonus. Gamers who withdraw bonus rewards immediately risk being blacklisted as bonus hunters.
- Win back bonuses by exceeding the wager. The casino administration may suspect a player of fraud if they wager bonuses according to the terms of the wager.
You may also consider some extra pieces of advice on how to beat the requirements:
- The optimal bet size in the absence of restrictions is medium. Playing at a minimum is inappropriate.
- It is better to choose bonuses with a wager that is set only for the issued funds, but not for the entire amount with a deposit.
- Preference should be given to special offers with a long validity period. If up to three days are allotted for wagering bonus funds, it is worth considering — if you do not have time to unscrew, all winnings will be cancelled.
These requirements seem high, but they are not so difficult to fulfil. You will have the opportunity to use the winnings from the bonus money for further bets, and if you do them wisely, you can usually meet the wagering requirements and end up winning.
If the calculations seem complicated to you, use the online requirements calculator. This eliminates the possibility of human error in the calculation and ensures that you know exactly the amount you need to wager.
FAQ About Wagering
What are wagering requirements?
These requirements are instructions that you must wager a certain amount of money before you can receive the reward and any winnings associated with the bonus.
Can these conditions be avoided?
In the long run, no. If you don't want to deal with them, you can always opt out, but we don't recommend doing so.
Although you are limited in withdrawals, participating in any promotion is your way to double and sometimes triple your bankroll. This gives you more chances to win your favourite jackpot slot game or try out the most delinquent slot machine, for example.
In most cases, you literally do not have time to look back on how to accomplish all the crucial conditions and be able to withdraw your prize money.
What game type is the best to meet the requirements?
Slot machines are a perfect choice! In most cases, slots unlock a 100% deposit match, meaning that all the money you wager on slots will be fully credited.
You’ll never find the same in roulette games, for instance. It is best to choose slots with low or medium volatility. With high volatility, you can lose your funds very quickly.
You can play longer on a slot with low volatility and have time to fulfil most of the wager. In addition, it is better to choose a slot with a medium RTP since casinos usually do not include slots with a high RTP in the list of allowed slots.
Where can I find out more about all the prerequisites?
I hope you’re a reasonable gambler and employ the licensed and reputable gambling sites’ services. If this is the case, you can always find the full rules and regulations on the site's relevant page — these are the norms of the licensing authorities.
Contact casino support if you find it difficult to find the information you need. Usually, this can be done in several ways:
- Using online chat
- By writing an e-mail
- Using messengers
- By calling the hotline number.
As a rule, the fastest response will be via chat or phone. So feel free to contact the support team anytime — they are usually available around the clock.
How to calculate the wager for free spins?
If you are claiming a free spins offer, you’ll usually need to calculate the wager based on how much you have won.
You get 20 free spins with a 10x requirement and win CA$ 500. So, calculate it in the following way: CA$ 500 (free spins winnings) x 10 (wager) = CA$ 5,000.
As you can see from the example above, to withdraw the CA$ 500 you won, you will need to “roll” another CA$ 5,000.
Can I cancel the bonus or promotion?
If the player wants to cancel the activated promotion, you need to make sure that the money accrued as a promotion was not deducted during the launch of the slot machines. Otherwise, the refusal of the bonus will lead to the withdrawal of all funds won. Only the initial deposit will remain on the account.
Conclusion
So, it’s high time to put the bottom line to everything posted on this page (and I hope it’s been useful for you).
All gambling sites delight players with bonuses that are free spins or a deposit increase.
They are issued for various actions:
- Account replenishment
- Registration
- Status upgrade in the loyalty program, and
- Other actions.
But any bonus accrued by the club needs to be wagered. To understand how realistic it is to wager a bonus, you need to consider the wager in an online casino. This indicator is always available in terms of bonus accrual.
The wager is a coefficient indicating the number of bets a player needs to make in a slot (or another specified in the conditions) to wager a promotional offer. For example, the ×30 rate indicates that the gambler needs to wager the amount of the received bonus 30 times.
I articulated all the information on this page and enriched it with a bunch of examples so it’ll be easy for you to catch the idea.
That's all! Now you are ready for everything related to bonuses and fulfilling their wagering requirements. Using the knowledge gained in this guide, you will be able to get the most out of your gambling session and not worry about your winnings “hanging” in the air.
Good luck!