Wednesday, January 19, 2022

Wagering Requirements in Online Slots: What are they? 

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Since the invention of online slots, these games have gone on to develop terms of their own that may be a little confusing to those who are new to the concept of online gambling. Return to Player Percentage and Random Number Generator are just two that come to mind. However, as soon as punters sign up to an online casino, they are offered some kind of bonus and it is an individual’s choice whether to accept it or not - click and pay by mobile slots today.

If they do choose to activate the bonus, then depending on what is offered, the chances are that they will get a bonus that comes with more terms that need to be deciphered. The most common of these is something known in the industry as wagering requirements. These can be applied to both free spins and 100% deposit matching bonus cash. Even no deposit cash that is as little as £10, can come with these wagering requirements attached. 

Why Are There Terms and Conditions with Bonuses 

Terms and conditions are included with bonuses to protect the business of the casino. If casinos gave out free cash to every new customer with no strings attached, then the business in question would be an odds-on favourite to collapse. The purpose of these terms and conditions is to make it harder for customers to exit the virtual casino platform with casino cash in their pockets. This helps to protect the cash investment the gambling brand offers new customers. This is the reason why there are limits on how much that can be won on free spins and the reason behind the existence of wagering requirements in the first place. 

Wagering Requirements: A Closer Look 

In simple terms, wagering requirements are the rules applied to bonuses that relate to the number of times a cash bonus or winning amount from bonus free spins has to be played through before the funds can be turned into real money that can be withdrawn away from the casino. Wagering requirements vary widely across different online gambling brands. Smaller casinos with fewer customers can slap a 60x wagering clause on bonus money. This would mean that depending on the value of the bonus activated, punters would have to wager through a few thousand pounds before they could even think of making a cash withdrawal. 

The biggest casinos keep wagering requirements around the industry standard of 20x to 40x and this makes it easier to achieve the playing rates needed to convert bonuses into real money. A closer look at the terms and conditions often reveals other caveats and these include game weighting. This simply means that not all games contribute to wagering requirements on a casino platform. Some table games do not contribute at all, but most slot games contribute 100% to this process. 

Final Thoughts 

It is totally up to individual choice if players want to participate in a casino bonus scheme and this includes having to play by the rules of wagering requirements. If punters can also stay in control and keep within the betting limit guidelines, then it is worth having a shot at beating the casino, and bagging some cash on the house.

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