Wagering Requirements – What Are They And How To Beat Them?
Gamblers love casino bonuses. What's not to like about free money to spend on pokie games, with the chance of winning even more money? But many casino players consider wagering requirements to be the villain to the heroic online casino bonus story. Nearly all New Zealand casino sites provide lucrative promotions and bonuses, but you cannot get your hands on that bonus cash immediately in most cases.
First, you must complete the casino wagering requirements. Understanding wagering requirements can help you find the best casino bonuses and inject a lot more power into your bankroll.
In this guide, our casino experts at PokieSource.co.nz cover everything you need to know about wagering requirements, ways to beat them, as well as our team's top picks of the best casino sites with the most lucrative bonuses.
What are Wagering Requirements at Online Casinos?
Wagering requirements are directly attached to promotions and bonuses you find when you visit an online casino. You'll usually see offers such as Free Spins, Welcome Bonuses, and other deals at the top casino sites. That all sounds amazing, right? Well, while those bonuses are definitely lovely perks, most of them have another aspect you need to consider, which is wagering requirements.
Most casino bonuses have wagering requirements. Which, as their name suggests, are the number of times you are required to wager bonus money and bonus winnings before you can redeem them as cash and withdraw them from the casino.
While you are probably wondering how wagering requirements work, it is important to understand that requirements differ between types of bonuses. For standard bonus money, you will need to wager the bonus amount a given amount of times. While for a Free Spins bonus, the wagering requirement will apply to the potential winnings generated.
Can You Avoid Wagering Requirements?
If you are playing at a casino that offers bonuses, you probably won't be able to avoid wagering requirements altogether. More accurately, you cannot avoid them if the specific bonus offer you want to redeem has a requirement attached to it. But you can be wise and lessen the impact of wagering requirements in several ways:
Consider Both Wagering Requirements and Bonus Sums
- When shopping for bonuses, don't be tempted by the largest bonus amounts. Check the wagering requirements and other bonus terms. Always read the fine print. If it sounds too good to be true, it probably is.
Choose a Casino with No Wagering Requirements
- Some casinos go the extra mile and offer real-cash bonuses that don't have a wagering requirement. In most cases, these bonuses will not be as lucrative as promotions with a wagering requirement attached. But they are still worth looking for.
Look for Special Bonuses with No Wagering Requirements
- Some online casinos reward players with special bonuses that don't have wagering requirements attached. For example, cash-back offers that are usually offered in loyalty programs, free merchandise, tickets for events and more.
Renounce Your Bonus
- Some players, especially high-rollers, prefer to have only hard cash in their casino balance and not be bothered by wagering requirements. Most online casinos allow you to renounce your bonus and not work towards redeeming it. We do not recommend doing this because it's always worth trying to claim casino bonuses. Firstly, it allows you to play and test games without spending any of your own money. And in many cases, you will be able to complete wagering requirements and redeem some extra cash.
Check Game Contribution
- In most casinos, different types of games will weigh differently towards completing wagering requirements. For example, if pokie games contribute 100% and table games 20%, then the entire amount will count for every New Zealand Dollar you bet on pokies. But only 20 cent will be counted towards wagering for every New Zealand Dollar you bet at the roulette table. So before playing your favourite game, check the bonus Terms and Conditions carefully.
Calculating Wagering Requirements
When choosing a casino bonus, it is wise to know what the wagering requirements entail. Luckily, calculating the wagering requirement is easy enough and can be done by following a simple formula:
bonus amount x wagering requirement = total amount to be wagered
You can apply this simple formula to any wagering requirement to see precisely how much you'll need to bet. Let's use an example to highlight how the calculation translates to figures.
In case the wagering requirement for this bonus is 20x. Say you are claiming an online casino welcome bonus that awards a 100% match on your first deposit. This means if you deposit NZ$100, for example, the casino will credit your account with an additional NZ$100 of bonus money. If the wagering requirement for this bonus is 20x, you can make the baseline calculation:
- NZ$100 x 20 = NZ$2,000
That means you have to wager a total of NZ$2,000 to meet the wagering requirement before you can redeem the NZ$100 bonus money as cash. Sure, this seems like a high number that is unattainable, but in reality, meeting the requirements is not impossible.
Some casinos will apply their wagering requirements to both the bonus amount and the deposit you made to receive it. The formula for calculating these requirements is as follows:
(bonus amount + deposit amount) x wagering requirement = total amount to be wagered
Using the bonus terms as above, in this case, the deposit amount will be added to the calculation as follows:
- (NZ$100 + NZ$100) x 20 = NZ$4000
Sometimes you won't want to do the math yourself, so it's worth checking out a wagering requirements calculators that are available online.
Free Spins and Wagering Requirements
Many casino bonuses are awarded in money sums. These include deposit matches, no deposit bonus, or cash-back promotions. Still, one of the most popular online casino bonuses is the Free Spins offer. As the name suggests, this promotion gives you a number of free spins on a specific online pokie. Casino sites usually use this bonus as a way to promote a new or popular pokie game.
Although every free spin has a monetary bet amount (usually the minimum stake available on the pokie), these are minimal sums. Therefore, wagering requirements on Free Spins are different. In this case, the wagering requirements apply to potential winnings generated by the spins, instead of the cost of the spins themselves. Still, calculating the requirements for Free Spins is just as easy. It is done by simply multiplying your winning amount by the wagering requirement:
potential winning amount x wagering requirement = total amount to be wagered.
For example, if you win NZ$15 playing the online pokie with your free spins, you will multiply this by the wagering requirement. If the wagering requirement is 30x, for example, the total bet will look like this:
- NZ$15 x 30 = NZ$450.
|Casino||Free Spins||Pokies Wagering||Bonus||Play Now|
|200||25x||NZ$600 Welcome Bonus + 200 Free Spins||Play Now|
|200||45x||NZ$1600 Welcome Bonus + 200 Free Spins||Play Now||18+ T&Cs Apply|
|200||35x||100% Welcome Bonus up to NZ$1,500 Bonus + 150 Free Spins + 50 Extra Spins||Play Now|
How To Beat Wagering Requirements
If the casino you choose has bonuses with wagering requirements, you will need to fulfil those stipulations to get the bonus funds. However, it doesn't mean you cannot use tactics to make meeting those wagering requirements easier. Here are a few examples where knowledge can help you curb wagering requirements:
Read the Terms and Conditions
One good piece of advice for all casino gamblers is to get into a routine of reading the small print. By checking the terms and conditions, you can get all relevant information about the various rules the casino attaches to a bonus. Often you will see other stipulations beyond the wagering requirements, such as time limits and deposit payment methods
Select the Best Casinos
Shopping around for the best online casino sites is one way to find the best bonuses with the most manageable wagering requirements. Simply put, a bonus with a 20x wagering requirement is better than a bonus with the same amount with a 40x multiplier. Some research and comparison between casinos can help you find those bonus gems.
Or you can simply check out our list of the top online casinos, which gives you quick access to the leading casinos sites with the best bonuses available. Our team always reads the fine print and considers it when reviewing and recommending casino bonuses. In addition to our careful selection of bonuses, all the casinos featured on PokieSource.co.nz are fully licensed and regulated, while our team of experts look for sites with the best selection of games, customer support, and designs.
Pick Games Carefully
As important as finding the right casino is, choosing the right games is also vital. Online casino bonuses will often award different contribution percentages towards the wagering requirements for different games. This is where reading the fine print becomes useful again, giving you information on which games provide the best contribution percentages.
Furthermore, the terms and conditions of a bonus will also tell you which game qualifies. It's worth remembering not all games at an online casino will contribute towards the wagering requirements. Of course, you want to choose games that give you bang for your buck and help you reach the wager stipulations more easily.
While there are exceptions and changes from one casino to another, a good rule of thumb is that online pokies contribute 100% of each bet you make to the requirements. Table and card games are lower, usually around 50% or less.
Know Your Pokies
So, online pokies are the games you should be playing to reach the wagering requirement? Yes, but you'll need to make some considerations when choosing which pokies to play. Some will help you reach the requirements more quickly than others.
That's because not all online pokies are the same. They come with different variances and Return to Player (RTP) percentages. You should pay close attention to these two details. Although the payouts are smaller with low variance pokies, they pay out winnings more frequently. In contrast, high variance pokies will offer larger payouts but less frequently. Consider these factors and choose which pokies you want to play to help reach your wager requirement more rapidly.
If you manage a few tasty wins and beef up your bankroll, ease off the high variance pokies and switch to some lower variance games. With a higher RTP, low variance pokies won't give you big wins, but you should pick up smaller prizes more often. That bankroll you have grown will last longer and help you keep playing without needing to deposit more funds. For more information on pokie variance and volatility, read our full guild.
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Wagering Requirements Time Limits, Play-Through Rates and Game Weighting
If you're heading to an online casino looking to redeem that attention-grabbing bonus, there are some things you need to consider besides the wagering requirement:
Casino sites almost always put a time limit on a bonus. This is the length of time you have to complete the wagering requirements and redeem the bonus funds. If you think about it, this makes sense on the casino's part. If players had an indefinite amount of time, it would have been easier for them to find ways to complete the wagering requirements.
You can check out the time limit on the small print for the bonus, but typical timeframes are between 10 days, 30 days, or 90 days. Although, you'll see time limits for just about any number of days, depending on what the casino decides.
Play-through Rates and Game Weighting
Play-through rates, or game weighting, is the percentage the online casino takes for each bet you make depending on the game you play. Some games contribute a greater percentage of your bets towards the wagering requirement. It means you should choose games carefully if you are dedicated to redeeming your bonus.
Pokies are by far the best bet if you are focused on completing the wagering requirements. Other casino classics like blackjack, roulette, and poker are less generous.
As always, check the terms and conditions for any bonus you choose to find out the play through rates. Some games will be omitted entirely, meaning they will contribute 0% towards the wagering requirement. The small print will tell which games you should avoid if you want to redeem your bonus.
Wagering Requirements and Bonus Abuse
Bonus abuse may seem like an archaic term drafted from the early days of online casinos when clear rules were less established. Indeed, during the early days of casino websites, some players would abuse bonuses and take advantage of casinos. This resulted in some significant losses to site operators.
This abuse led online casinos to create strict rules such as wagering requirements and play-through rates to stop players from gaining free money by abusing bonuses. It has become much harder in the modern online casino realm to game the system, even if it was never really illegal or fraudulent.
Still, while most gamblers practice ethics by sticking to casino etiquette, some try to break the rules. This is done by creating multiple accounts, cancelling transactions after bonuses were claimed and money was spent, and systematically going through multiple casinos hunting for bonuses.
It is never recommended to try and scam a casino. Beyond the obvious wrongdoing, if caught abusers will not be paid their winnings, they will be banned from the casino, and nowadays when casinos are regulated, fraudsters can even face prosecution.
Best Casinos with No Wagering Requirements
They say that there's no free lunch, but casinos bonuses sure come close. Casino bonuses give you free money to play your favourite games. However, there are some strings attached in the form of wagering requirements. The good news is there are some casinos and bonuses that don't have these requirements. Finding those sites is not always easy, which is why our expert reviewers make it simple by recommending the best no wager casino site. Even if these bonuses are hard to find, they literally give you free money, so it's worth the effort for sure!
What Are Wagering Requirements: FAQ
💰 Can I withdraw winnings from a free bet?
Free bets may not cost you anything but they are still worth real money. When you claim a bonus and fulfil the wagering requirements, any winnings you make from that bonus money will be credited to your casino account. You are now free to withdraw those winnings whenever you want.
➕ How are wagering requirements calculated?
Calculating wagering requirements is straight forward. Just apply the basic formula: bonus amount x wagering requirement multiplier = total amount to be wagered. If you are still unsure, check the casino's term and conditions section that will usually provide detailed examples. Or you can find online wagering requirements calculators that make it easy to know how much you need to bet to redeem a casino bonus.
🎲 Which games count towards wagering requirements?
Many casino games count towards wagering requirements, but there are some caveats. Casinos often state which games contribute towards redeeming a bonus, and there are contribution percentages given to games. For example, most online pokies contribute 100% of your bets towards the wagering requirement, while casino table games tend to contribute a lesser amount.
❓ Where can you find a site's wagering requirements?
You will find wagering requirements and other rules and restrictions next to the bonus offer in most cases. For more details, visit the casino's main terms and conditions section. This can usually be found at the bottom of their pages on site.
💭 Do wagering requirements apply to no deposit bonuses?
Yes, no deposit bonuses do have wagering requirements. In many cases, they will be higher than the requirements on deposit based bonuses. It is helpful to be aware of local regulations in relation to accessing no deposit bonuses and free play.