Many online casino’s offer players incredible bonuses as a form of encouragement to play their games or even as an incentive for players to deposit money into their gaming accounts. In the early days of online casino’s, this system was heavily abused. Players would deposit or play for bonuses with no real intention of playing for any length of time. They simply did it to cash out at a later time. In order to curb this, wagering amounts were implemented. But how do these affect you as a player?
How it works
The most common way that you are likely to see wagering requirements work is as follows. Online casino’s require that a certain amount (usually a multiple) of the deposit amount must be wagered (or played through) before a player will be allowed to cash out their winnings.
The multiples required with be different for different online casino’s and it’s important for players to know of these wagering amounts to understand, not only which online casino is offering the best deal, but which specific bonuses are better than others. You can usually find the required wagering amounts of an online casino in their website terms and conditions.
Let’s do an example
Let’s pretend that an online casino has a wagering requirement of 10x. This means that a player will have to place bets and play games to the value of 10 times their initial deposit before they will be allowed to cash out.
So let’s suppose our player deposits $100 into their account and receives a 100% match as the bonus offer. This will give them a total bankroll of $200 to play with! Under the wagering requirements, the player will have to keep playing until they have placed bets that amount to the value of $1500 before they will be allowed to cash out. This means that, regardless whether a player strikes it lucky or not, they won’t be able to cash out until they’ve played enough times.
Why do they do this
By having wagering or playthrough requirements, online casino’s offset the risk associated with offering big bonuses to encourage new players and excite established ones. It also protects the online casino from the kind of players who are looking to play the system, rather than have a good time.
Are all wagering requirements the same?
No. Usually table games will have a different set of rules when it comes to playthrough requirements. For most video slots, you’ll find that they are worth 100% and every bet that is played will bring a player closer to meeting the wagering requirments.
If we were to look at blackjack or poker instead, we’d find that their worth could be as low as 40%. This means that if a player bets $100 toward reaching their wagering requirement, it would only count as $40 of the whole. This makes it incredibly important for players to be aware of the wagering requirements when playing at Red Flush Online Casino.