So you want to know how to beat wagering requirements? Whether you prefer to play video slots, or dedicate your time to other gambling activities, such as betting or live casino, wagering is something you have to accept if you regularly play using deposit bonuses. Experienced gamers will have noticed that casinos are not quite as generous with welcome bonuses as they used to be, and that reload bonuses are almost non-existent at this point.
Those bonuses that are on offer today, come with more challenging wagering requirements than ever before. The reason for this is that online casinos have had to adjust to a markets that has been hit with significant increases in taxes, licensing costs, and massive fines. To operate an online casino is nowhere near as lucrative as it once was. Ultimately, all theses added expenses trickle down to the end customer. In this article, we’re going to walk you through what wagering is, how it works, and most importantly, how to beat it.
What is wagering requirements and how does it work?
To get a proper understanding of what wagering requirements is and what role it plays in the world of online gaming, we need to lay down the basics. Historically, online casinos have always had far lower expenses than brick and mortar casinos. This, in turn, has allowed operators to offer generous perks as means to get players to sign up to their casinos. As a result, players have come to expect all kind of free extras like welcome bonuses, free chips, and cashback.
A deposit bonus is essentially free money offered to the player, but as you know, online casinos are profit-driven companies which means you can expect them to add some sort of condition. This is where wagering requirements come into effect. Moreover, it’s important to know that casinos do not like bonus abusers. In fact, they can do great damage to a casinos and are even one of the reasons why bonus offers have declined and become more harder to beat. If you overdo it, you might end up being banned.
So what exactly is wagering then? Well, wagering is the number of times the player must play through the bonus amount before a withdrawal can be requested. Bonuses can also have other terms and conditions, such as max bet rule or certain game restrictions. Many players are in such a hurry to start playing that they never actually read the terms. This, of course, puts them at risk of breaking the bonus terms.
In recent years, a new kind of bonus has become increasingly popular and has even become a UK requirement. Often referred to as a non-sticky bonus, it’s considered a big improvement compared to the traditional sticky bonus as it’s kept separate from your own funds until your deposited balance has been lost. Essentially, it provides a second chance to make a comeback should you lose your money. With this type of bonus, you don’t have to worry about wagering requirements should you land a big win whilst playing with your own funds. The player can simply request a withdrawal straight away.
There is another important reason why online casinos are compelled to implement wagering requirements – to combat money laundering. Without wagering requirements, criminal organizations could practically deposit large sums of money and make withdrawals to their bank accounts, claiming the money to be winnings. If you read the terms and conditions, online casinos usually require a certain amount of play-through even with your own deposit.
How to calculate wagering
To learn how to beat wagering requirements we must fully understand how it works. So, imagine that a new casino has caught your interest and that you have registered a new account. Let’s also imagine that the casino is offering new players a 100% match bonus up to £100 that comes with 30x wagering requirements. This is what the wagering requirements will look like:
- Example 1: £100 (casino bonus) x 30 (wagering requirements) = £3000. In this first example, you need to wager £3000 before you can request a withdrawal. But some casinos have so-called sticky bonuses which means your own funds will be mixed with the bonus funds. In that scenario, the wagering requirements would instead look like this:
- Example 2: £100 (your deposit) + £100 (casino bonus) x 30 (wagering requirements) = £6000. While the wagering is double that of the first example, there sticky bonus actually has a benefit – you will start wagering right away and with a much larger balance that allows you to play more aggressively.
The best approach on how to beat wagering requirements
To wager a casino bonus is not easy, but the fact is that bonuses give players a slight edge over the casino (known as EV+). If that wasn’t the case, casinos would offer players bonuses on every deposit. The truth is that bonuses allow players to take bigger risks and play more aggressively while also extending the play time which, in turn, increases the chance of landing a big win.
To be able to beat wagering requirements, it’s usually necessary to land wins of at least 300-400 times your stake or, alternatively, stick to low variance slots. It can be a good idea to start more aggressively, play some high variance games and chase those massive wins, especially if the wagering requirements are high. If, later on, it becomes evident that you’re likely to make it, it can be a good idea to back off a little and play slots of lower volatility to finish the wagering without losing too much money.