How to Calculate the Amount to Wager?
Some welcome bonus packages also include free spins. You’ll get a number of free spins (10, 20, 50, 100, or even more) to use on a particular slot or several slots. The money you win from these spins will be added either to your cash or your bonus balance.
Free play is similar to free cash but with more restrictions. It’s usually issued in the form of a play chip that can be utilized on certain slots or table games. This bonus is somewhere between free spins and free cash.
If you don’t feel like risking your money without first trying out the site, you’ll be happy to know that some casinos do offer no deposit free spins. Like the name suggests, you can get these without making a deposit. Simply open a new account, confirm your email address, and you’ll get the spins. The money you win from these is usually treated as bonus cash and will have wagering requirements attached to it.
If you’d rather have some money back if you happen to have a bad day, look out for casinos offering cashbacks as part of their welcome packages. With these, you’ll get a percentage of your initial losses back. For example, if you deposit $200 and proceed to lose it all, the casino will give you back $20 (10%) or $40 (20%).
What Are Wagering Requirements?
If you want to make most out of casino welcome bonuses, you need to familiarize yourself with some basic terms and concepts that apply to these offers. Wagering requirements are by far the most important thing you should understand.
When a casino gives you a bonus, there will be some wagering requirements attached to it. These are usually represented as the number of times you need to turn over either the bonus amount or the full amount (bonus + deposit).
While wagering requirements may feel confusing to new players, there is nothing particularly difficult about them. You 400 procent casino bonus get a certain amount of bonus cash from the casino and you need to wager that amount a certain number of times. Once you figure it out, it’s really easy.
What you should also pay attention to is how certain games and groups of games contribute to the wagering. Usually, most slots will contribute in full, so for every $1 you bet, $1 will be deducted from the wagering. With table games or video pokers, however, it’s common for the bets to only contribute a fraction of the total (10% or 20%) or even not at all.
How Do WR Actually Work?
Say the casino gives you a 100% bonus on your $250 deposit and they stipulate the wagering requirements are 30x the bonus amount only. What this means is that you’ll need to place a total of $7,500 worth of bets before you can cash out.
If you got the same bonus but the wagering was, say 20 times on the full amount, you’d have to wager through $10,000 (25x($250+$250)). Most casinos these days have some sort of a tracking system in place to help you know where you are with your wagering at all times. If not, you can always ask the support as well.
Quick Tips for Choosing a Casino Bonus
You should always look for bonuses that can cover the full amount of your deposit. If you’re about to deposit $200, look for a casino that can give you a welcome bonus to match that deposit. You don’t want to cut yourself short on the welcome offer, especially because there are casinos out there that can fit almost everyone’s expectations.