So you want to know how to beat wagering requirements? Whether you prefer online slots, betting, or live casino, wagering is something you have to accept if you prefer playing with deposit bonuses. There are some casinos that offers bonuses with no wagering requirements on their bonuses, like Storspelare for Swedish and Norwegian players, but it isn’t the norm. 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?
To begin in the right order, we need to explain the reason behind wagering requirements and what roll it plays in the world of Online Casino.
Fierce competition on the market drives casinos to offer players perks to win them over. One such way is to offer welcome bonuses for new players. A deposit bonus is essentially money give to the player by the casino, but an Online Casino is, of course, a profit-driven company and as such, they naturally prefer not to give away money for free or without some kind of requirement. This is where wagering comes into effect.
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 or certain game restrictions. Many players are in such a hurry to begin playing that they never actually read the terms, something that puts them at risk of breaking the bonus terms.
In the recent year or two a new kind of bonus has become increasingly popular. It’s sometimes referred to as a non-sticky bonus or parachute bonus and allows the player to gamble with own funds first and the bonus funds only after the players own funds have been lost. This way, the player doesn’t have to worry about beating wagering in case a big win drops early on in the session. The player can simply request a withdrawal straight away.
There is another important reason for Online Casinos to implement wagering requirements and that is to combat money laundering. Without wagering requirements, criminal organisations could practically just deposit large sums of money and make withdrawals to their bank accounts, claiming the money to be winnings from gambling.
How to calculate wagering
To learn how to beat wagering requirements, we must know the basics.
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 with 30x wagering requirements. This is what the wagering requirements will look like:
Example 1: €100 (casino bonus) x 30 (wagering requirements) = €3000.
In the 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 thus making the wagering requirements count for the whole sum. In this case, the wagering requirements would instead look like this:
Example 2: €100 (your deposit) + €100 (casino bonus) x 30 (wagering requirements) = €6000.
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. If it didn’t casinos would likely give players a bonus on more or less every deposit. The bonuses allow the player to take more risks, play more aggressive and extend the play time to allow the player to find the “hot” slots.
To be able to beat wagering it’s usually necessary to land a big win of 400-500 times the bet or more, or at least a line of decent wins throughout the session (100-200 times the bet). It can be a good idea to start more aggressive and try more high variance games with high potential to try and chase those really huge wins, especially if the wagering requirements are high. If later on it becomes evident that you’re likely going to make it, it can be a good idea to back off a little and play slots with lower volatility and lower risk to finish the wager without losing too much money.