What is Wagering Requirements
Wagering requirement basically tell you how many times you have got to bet before you can actually withdraw any of your winnings, they usually come in the form of a multiplier, like 15x or 30x.
Why All Online Casinos have Wagering Requirements
Online casinos use wagering requirements in order to protect themselves from bonus abuse. It prevents players from simply grabbing bonuses and withdrawing them out immediately.
How Wagering Requirements Work
Let’s explain how wagering requirements work in a simple ways.
Imagine you have just claimed a welcome bonus, and it comes with a specific wagering requirement of 35x, this means you have to bet the bonus amount thirty-five times over before withdraw any of your winnings.
For instance, if you received a SGD50 bonus, you will need to place deposits worth SGD1,750 (SGD50 x 35) before eligible to withdraw winnings.
|Bonus Value||Wagering Requirement||Total Bets to Withdraw Winnings|
Wagering requirement can vary depending on the casino games that you played, such as live dealer casinos, slots, and sports betting.
Low Wagering Requirements Singapore Online Casinos
Some Singapore online casinos offers low wagering requirements, from 15x.
Casinos Without Wagering Requirements
There are plenty of online casinos that offers bonuses without wagering requirements. These types of bonuses also known as “No-Wager Bonus”.
Finding no wager bonus online casinos may require a bit of deep research, and they are becoming more common and popular among players, as they seek for more transparent terms. However, when selecting this types of casinos, ensure that you read carefully the T&Cs to verify that the bonuses can be claimed without wagering requirements.
Here is the list of our favorite no-wager bonus online casinos:
Types of Bonuses and Their Wagering Requirements
Not all bonuses are created equal, and neither are their wagering requirements. Let’s explore the various types of casino bonuses and how wagering requirements differ for each.
Welcome bonuses are offered to new players as an incentive to join a casino. They often come with higher wagering requirements compared to other bonuses.
Free spin bonuses usually have lower wagering requirements, making them more accessible for players looking to score some extra cash.
No Deposit Bonuses
No deposit bonuses are popular because they don’t require you to invest any money upfront. However, they often come with higher wagering requirements than other bonuses.
Why Players Should Be Aware of T&Cs of Wagering Requirements
Wagering requirement in online casinos often comes with a detailed terms and conditions. Players should pay close attention to the T&Cs protect their own interest:
The T&Cs outline the conditions related to bonuses. By studying them carefully, players are able to obtain a clear understanding of what is expected of bonus to claim and how to use it effectively.
Ignoring the terms and conditions may lead to unintentional violations. In some case, players trying to withdraw winnings before meeting the specific wagering requirements, this may cause the forfeiture of bonus and winnings.
Common Misconceptions About Wagering Requirements
Wagering requirements can be a bit of a puzzle, and of course, there are some common misunderstandings floating around. These misconceptions often come from the complexities of bonuses.
Misconception 1: Wagering Requirements Are Impossible to Meet
Wagering requirements can seem unbeatable, but they are achievable. Fulfill the requirement with right strategy, including selecting the games, and manage your bankroll, you can easily meet these requirements and even benefit from them.
Misconception 2: All Casino Games are Contribute Equally
Not all games contribute the same percentage to wagering requirements. Slots often contribute 100%, while table games may, including blackjack, baccarat, and poker, contribute a lower percentage, range from . It’s crucial to check the casino’s terms to understand how different games contribute.
Misconception 3: You Can’t Withdraw Your Money Until Wagering Requirement Are Met
While it’s true that you can’t withdraw winnings until the requirements are met, you can still withdraw your initial deposit and any winnings from that deposit. The bonus are separate from your deposit.
“Held Funds” typically refer to the portion of your balance that is linked to bonus. These funds are not immediately available for withdrawal. Instead, they are held separately from your withdrawable balance until you meet the specific wagering requirements.
Frequently Asked Questions
After I meet a Wagering Requirement, what will happens to my remaining winnings ?
Once you have successfully met a wagering requirements, the remaining winnings generated by the bonus become eligible for withdrawal. These winnings are typically transferred to your withdrawable balance, allowing you to cash them out or use them for further gameplay as you see fit.
What if I don’t meet a Wagering Requirement and I have spent the total value of my bonus value ?
If you haven’t met the wagering requirement and you’ve used up the entire bonus amount, the bonus funds are typically deducted from your account. However, any winnings generated from the bonus may not be eligible for withdrawal until the requirements are met. It’s essential to read the specific terms and conditions of the bonus to understand how your account will be affected in this scenario.
What will happens to my winnings that are generated by the bonus ?
Winnings generated by bonus funds are usually held separately in a bonus balance until you meet the associated wagering requirements. Once you’ve fulfilled the requirements, these winnings are transferred to your withdrawable balance, making them available for cashing out or further gameplay.
Chatupraq Lisan’s expertise extends beyond providing insightful content about sports betting; he also has a knack for reviewing sports betting sites. His thorough and systematic approach to reviewing these platforms ensures that readers can make informed decisions when choosing where to place their bets.