Most online gamers will have seen a large number of welcome and sign-up casino bonus promotions being made available by online casinos. These entitle newly registered players at the casinos to a bonus, usually claimed when they make the first deposit into their account. The bonus is usually in the form of free chips or money which gets added into the player’s account at that time. Sometimes the bonus might be held in a separate bonus account.
Players are never allowed to cash this free money in right away. First, they will have to clear a “wagering requirement”. The casino will expect them to wager a certain amount of money before they are allowed full access to cash in or withdraw their winnings. The wagering requirement can be sometimes specified as a multiple of the bonus or a multiple of the bonus plus deposit. For example, it might be a 10x bonus plus deposit.
Players of strategic games such as blackjack can use the bonus, by very skillful and consistent play, and eliminate the small house edge on those games. For that reason, there are often restrictions on the games that can be played to meet the wagering requirements. Some bonuses will not allow strategic games at all, others will only allow a certain percentage, usually 10% or lower, from those games to contribute towards the wagering requirement.
Other non-strategy games like slots have a high edge for the casino. Usually, money wagered on these makes a full (100%) contribution to the wagering requirement. Because of low house edge on Pkv Games are preferred by players as they start with casino games for the first time.
This brief example should help you understand this. Example: bonus offer “100% deposit match up to $100″, WR is 10x bonus plus deposit.
First work out the WR (wagering requirement). For a deposit of $100, the bonus plus deposit is $200, therefore WR is 10x $200 which makes $2000.
Now, if you were to wager $1000 on slots, $1000 on blackjack would your total wagers of $2000 meet the $2000 wagering requirement?
Well, first you need to know what percentage contribution each game makes to the wagering requirement. You need to check the bonus offer terms and conditions for this, but in our example slots contribute 100% and blackjack contributes 10%.
This means that your wagers on slots contribute 100% of $1000 which is $1000, but the wagers on blackjack only contribute 10% of $1000 which is $100. Your total amount contributed to the wagering requirement is $1000 + $100 which is $1100, which is still $900 short of the full requirement.
To withdraw full winnings we need $900 more wagered on slots or $9000 more on blackjack. This should show that you ought to carefully check the terms and conditions of the bonus offers you are interested in. Take your time to study any restrictions for the games you like to play most. If you choose a bonus offer customized for your particular game you might get better value from the wagering requirements.
