This comprehensive guide provides all the information you need to know about wagering requirements. Read it before venturing into real money gambling.
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Wagering Requirements: In-Depth Guide
The stiff competition in the Philippine gambling world has made providers develop ways to lure customers. The most common strategy that providers use is bonuses and promotions. Many gambling sites reward bonuses to new and existing customers. However, what many players don’t understand is that bonuses are subject to wagering requirements and other terms and conditions. It is mandatory for players to meet all the attached terms of use on bonuses before withdrawing the prize. This article explains bonus wagering requirements, how they work, how to calculate them, and much more.
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What is a Wager?
Before deeply understanding wagering requirements, it is essential to start by defining a wager. A wager or bet is the amount you put on a game or sport to either win or lose. This amount can vary from one casino game to another – it can be as little as a penny or thousands of Pesos. The money can be a wager on a single hand or the bet amount in a game session. The bet limits vary from one casino game to another.
Wagering Requirements – What is it?
One thing you should understand is that casino bonuses are not absolutely free. There is always a catch for the casino. The wagering or playthrough requirement determines the number of times you must wager to cash out. Wagering requirements are presented in the form of a percentage.
The wagering requirement of bonus can range between 15x and 45x the bet amount. The thumb rule is that you cannot withdraw your bonus unless you have met the set rollover requirement. One of the main reasons why casino bonuses have these strict rules is to prevent people from abusing the bonuses.
Nevertheless, you must understand that not all bonuses have wagering requirements. Always read the fine print to know what is needed before claiming any offers.
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How do Bonus Wagering Requirements work?
After knowing the meaning of wagering requirements, it is equally important to understand how they work. The good thing is that they work in a simple way for all people to comprehend.
We’ve used the following example to help you to understand how playthrough requirements work in a standard casino bonus.
Let’s say a casino offers a welcome bonus worth 100% up to ₱1000 with 35x rollover requirements. This implies that you must wager the bonus amount 45 times before you are eligible to withdraw. Note that some casinos may require you to wager the bonus and the deposit amount.
Calculating Bonus Playthrough Requirements
The method for calculating wagering requirements is quite simple and straightforward. Players should only enter figures in the existing formula to get the outcome.
Follow this straightforward method to calculate the playthrough requirement:
(Bonus Amount) x (Wagering Requirements) = Total Bet
Let’s apply this method in a real example to help you to understand how it works:
Using our previous example, if the casino welcome bonus is 100% up to ₱1000 with a 35x playthrough requirement. In case you make a deposit of ₱100 to claim this bonus, the formula will be as follows:
(₱1000) x (35) = ₱35000
As mentioned earlier, some casinos may require you to wager the bonus and the deposit amount. In this case, the formula change to:
Total Bet = (Deposit) + (Bonus Amount) x (Wagering Requirements)
Following our previous example, you will calculate as follows:
₱100 + ₱1000 x 35 = ₱38,500
In this case, you must wager ₱38.500 on different casino games before you are allowed to withdraw your bonus and deposit.
Furthermore, you may come across casinos that reward a welcome bonus with free spins. Of course, the formula for calculating the playthrough requirements will change.
So, if the casino is offering 50 free spins with a 45x rollover requirement, and you win ₱500, you will have to spend:
₱500(Free Spins) x45 (Wagering Requirements)
Why Gamblers Prefer Wager-Free Bonuses
Though not common, some Philippine casinos offer wager-free bonuses to customers. The unique thing about these bonuses is that they are not subject to playthrough requirements. The benefits of claiming these bonuses are:
Keep All Wins – Players keep 100% of the money they win from playing using the free spins.
Faster Withdrawals – Withdrawing wager-free bonuses is easy and quicker as there is no time you waste on meeting the playthrough requirements.
Test Websites – Players get an opportunity to test different features of the website before joining.
Risk-Free – Players don’t have to risk money to access and play real money games with wager-free bonuses.
More Free Spin – The free spins you get from wager-free bonuses are more compared to those you get from standard bonuses.
Play Real Money Games – Wager-free bonuses allow you to play at real money casinos different games without depositing funds to the account.
Benefits of Claiming Low Wagering Bonuses
As mentioned earlier, an average bonus in most online casinos has wagering requirements ranging between 15x and 45x. But in some cases, you will find casinos with wagering requirements as low as 1x. These are known as low-wagering bonuses, and they are among the most sort after in the Philippines. These are the reasons why many people are obsessed with low wagering bonus offers:
Excellent Chances of Winning – Low wagering games have a more realistic target than what you get in regular bonuses.
Fair Gameplay – Casino games with low wagering are easier for players to meet than the ones that have high rollover requirements.
Easy Conversion – It is pretty simple for players to convert the low wagering bonus into real money. This is because you don’t waste time meeting wagering requirements.
Huge Payouts – The payouts you get from low wager bonuses are bigger than other casino offers.
Simple Rules – The rules in low-wagering casino bonuses are simple for players of all experiences to meet.
Lower Stakes – The bet amount in low wager bonuses is pretty low than what you play in regular casino games.
Wagering requirements – How to Avoid or Beat Them!
The biggest concern for new and veteran players is whether it is possible to beat or avoid bonus wagering requirements. The biggest downside of wagering requirements is that you waste a lot of time and risk losing all winnings. The fact is that it is almost impossible to claim bonuses without meeting the set wagering requirements.
So, these are some ways players can beat playthrough requirements:
Select a Well-Reputed Casino – With so many gambling platforms, you need to pick one that is well-respected and secure for all players. Additionally, you should consider casinos that use advanced security protocols.
Read Fine Print – Reading the bonus terms and conditions will help you to understand what is required, including the wagering requirements. Also, you will know the deposit and bet limits of the bonus.
Pick Casino Games with Big Contribution – Many casino games offer varying contributions toward the playthrough requirements. Online slots are the best games are they have 100%. Other recommended casino games are baccarat, craps, and poker.
Choose Low Wager Bonuses – Look for bonuses with relatively low wagering requirements as they are easy and faster to meet. Another thing is you should select casinos where the playthrough requirements are set for the bonuses only.
Play High RTP Games – Most online casinos omit games with high RTPs and variances from the wagering requirements. Games with high return-to-player percentages are more profitable than low RTP games.
Claim Small Bonuses – You will find that many casino sites offer small bonuses with low or no wagering requirements at all. These are good rewards, especially for beginners.
Ignore Bonuses – You can avoid bonuses if you don’t want to undergo the pressure of meeting the wagering requirements. Some casino bonus rollover requirements are not favorable, and casing after them can result in bigger losses.
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The Bottom Line
Hopefully, you have found the information you needed to know about wagering requirements in casinos. Many top Philippine online casinos attach terms and conditions to their bonuses to prevent people from abusing them. The advantage is that these bonus measures are quite easy for people of all experiences to meet. The good thing is that you can play your favorite casino games without claiming any bonuses. This will save time and money you will waste on meeting the playthrough requirements.
FAQ
It's pretty hard for players to beat bonus wagering requirements. The best way is to avoid bonuses or opt for low wager offers as it easy to meet the rules.
The main reason many online casinos set wagering requirements is to make a profit in the long run. Also, it is a strategy to prevent online idlers from abusing bonuses.
No. Some online casino bonuses do not have playthrough requirements. It all depends on the casino site.
No, it is not a must for players to claim bonuses at online casinos. You can choose to claim the bonuses or play without them.
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