Almost all casinos offer their player bonuses for joing the casino as a member. The most common bonuses are the No Deposit Bonus where the casino simply give the players free money or credits to play with and Match Bonus, where the casino rewards the player by doubling whatever amount the player deposit and in many casinos, it also comes with Free Spins on a particular game.
Casino Articles; Wagering & Playthrough Requirements By: CasinoAdvisor.com, Wednesday June 4th 2008 14 Comments Email Print. Due to the generosity of online casinos who offer players essentially free money in exchange for their signing up and playing and or patronage to an online casino it is necessary for casinos online to apply what's know as wagering or playthough requirements. While online casino sites would love for you to think that you’re just getting money for them with no restrictions, there are rules you have to follow in order to cash out your winnings or the bonus itself (assuming it is cashable). The most significant of these is the playthrough requirement, also known as a wagering requirement.
These encourage the players to gamble and try more games that are offered according to the bonus terms of the casino.
To prevent financial loss, the casinos introduced set of rules called the Wagering or Playthrough Requirements which is necessary to protect the casinos from fraud and abuse of their offers. These rules differ according to casinos. Some casinos have relatively higher wagering conditions also.
The most common Wagering / Playthrough Requirements is that a player must make bets amounting to the deposit amount or bonus or with the depost amount and bonus for multiple times like for example say 35 times before he actually can withdraw funds or winnings.
Failing to do so may result in losing all the deposit and winning amount which will be confiscated by the casino.
The actual multiple times varies from casino to casinos. It is very important to read and understand the fine prints on the Terms and Conditions of the Casino’s Wagering / Playthrough Requirements before opting for those bonuses.
There terms and conditions are clearly mentioned in their website.
Now, you should also know the wagering bet differs with the types of games you play. Different games are assigned percentages that count more or less towards a player meeting the Playthrough requirements.
For Example: Most slots games are worth 100% so every bet the player makes takes them closer to meeting the requirements.
Games like Poker have lower percentages assigned. If a poker game was assigned a percentage of 50%, then every $100 bet will only count for $50 towards the requirement.
These variations will also be stated on the terms and conditions.
Still need more clarification? Let me help you understand wagering with an example.
Let’s suppose, a particular casino have a playthrough requirement of 35x which is commonly found in many casinos. Then, the player must place bets and play games to the value of 35 times the initial deposit amount before he can cash out the funds or winnings.
If the Initial deposit is $100, with the 100% bonus, the player have a bankroll of $200.
Now, the player have to place bets to the value of $3500 or in some casinos, even to the value of $7000 before the player is allowed to cash out the winnings.
It seems high for to makes that much bet considering the deposit amount, but once you play carefully and have winnings it is easily met.
The Wagering Requirements protects the casinos form those rogue players who simply wants to take money from the casinos.
So, read carefully the wagering requirements Terms and Conditions before claiming those Bonuses, and if the wagering requirements seems too high to you, then you can opt for a No Bonus. By this way, every winnings can be directly withdrawn anytime you like.
Yes, it is important to know.
The wagering terms are set for certain periods.
In case, you are not able to meet the requirements, it automatically get cancelled after some time or with your next deposit without any bonus.
Online Casino Playthrough Formula Free
You may have heard of low wagering casinos, and the good news is that CasinosLists.com offers no less than 78 online casinos with the lowest wagering requirement in the industry (between 0-25 times multiplier). The prizes you will find here are all free, such as no deposit bonuses and free spins that you can redeem after signing up! In the list below you can also see the best online casinos and the newest online casinos for real money with the help of our “Top Rated” and “Newest” sorting tools on the left. In order to read more about these, just scroll past the online casinos list below.
Online Casino Playthrough Formula Cheat
WHAT IS A WAGERING REQUIREMENT (AKA PLAYTHROUGH)?
Before defining what a low wagering casino actually is, it’s important for players to understand what the term ‘wagering requirement’ means. Also known as playthrough, a wagering requirement represents the number of times punters have to play a bonus before being able to withdraw their winnings. So, for example, if you have a bonus worth 20 USD and its wagering requirement is 10x, you have to bet a total of 200 USD before collecting your winnings.
WHAT ARE LOW WAGERING CASINOS?
To qualify for the low wagering casino title, an establishment must offer a wagering multiplier that is under the industry standard of 40x times the bonus amount. Some operators can offer multipliers as high as 50x or 60x depending on the bonus, which is a way for them to ensure that players won’t just take the bonus money without actually playing a good deal.
However, on our list above you will find online casinos with wagering requirements that range between 0 and 25x at the highest so that you always get the best offers possible. Our tools such as “Newest” and “Top Rated” are a simplified version of our reviews pages and there you can read other players’ impressions towards the casino and what it offers, as the top rated criteria is based on the ratings.
Based on all of these, just choose the online casino that suits you best, create an account, claim your offers, and start playing. Good luck!