At OnlinePokies4U, we want to ensure that you’re getting the best online gaming experience possible. So, it’s important to us that you fully understand the terms and conditions when accepting an online casino bonus so you can fully enjoy playing pokies online.
What Are Wagering Requirements?
All online casinos offer bonuses, but they all come with special rules and requirements to ensure that players can’t just take their bonus money and run. These rules are called “wager requirements” or “wagering requirements”.
When you check the terms and conditions of any bonus, they let you know the wagering requirements of the promotion. They are usually quoted as a number and multiplication sign, such as “20x”. What this means is that you have to wager the bonus amount 20 times before you can withdraw the original bonus.
So, for example, let’s say you have received a $10 bonus, and a 20x wagering requirement applies. You will have to wager that original $10 twenty times, meaning you will have to bet a total of $200 before you can withdraw that original $10 bonus.
Wager requirements vary from casino to casino. Some will require you to wager your bonus 20x before you can withdraw while others have steeper requirements up to 50x.
What About Free Spins Wager Requirements?
More and more online casinos are offering players the chance to earn free spins as part of their welcome bonuses. These allow you to play particular pokies for free without wagering any cash. Normally, they are awarded upon registration and no deposit is required but some online casinos will give you more after you begin playing with real money.
You’ll receive anywhere from 5 to 20 free spins, and they are usually on pokies from NetEnt like Aloha: Cluster Pays and Starburst. The bet limit is pre-determined and can range from 10c to 50c.
When it comes to wagering requirements, it is likely that they will be similar to those attached to any other online casino bonus – only they will apply to how much you have won on your free spins. So, if you have won $10 on your free spins and there is a 20x wagering requirement, you will have to bet $200 of real money before you can withdraw that original payout.
In some cases, the wagering requirement dictates a maximum win. This means that no matter how much you win during your free spins bonus, the amount of money you can withdraw will be capped at a certain amount. This is usually about $100.
So, if you win $200 on your free spins, then you will only be able to withdraw the first $100 of your payout.
Is There Such Thing As A No Wagering Bonus?
Yes, there is. However, it is still quite rare. There are only a few online casinos that allow players to claim casino bonuses without having to complete wager requirements.
They are normally deposit-based bonuses, so you can only claim them if you’re already funded your account. As well, they are usually free spins or free chips for table games. Any winnings that you receive, you’re able to keep. Bear in mind, you don’t come across these types of no wagering bonuses very often while playing pokies online.
When claiming any online casino bonus, be sure to take a good, hard look at the wagering requirements. You don’t want to claim a bonus that you can’t afford to withdraw. So, ensure that you understand exactly what the wager requirements are asking of you.
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