What is Wagering?
Online casinos offer a lot of bonuses in order to get new players on board. The huge amount of competition when it comes to the Internet coupled with very little overheads mean that online casinos have to offer such huge bonuses in order to stay competitive. These bonuses provide a great option to try out the casino games with more than just the hard earned money. Wagering is the use of the deposit amount to place bets on the online casino games.
Wagering Factors Casino
Some of these bonuses are huge in number, but online casinos are not giving money away for free. In order to attract new players, they provide a lot of bonuses but several terms and conditions are infused within the bonuses so as to prevent those new players from cashing in as soon as they receive the amount on their account. Wagering requirements are placed upon the player and it requires the player to either reach a minimum number of bets or total winnings before they can be eligible for a cash out.
Mr Green Casino would be a great example for the wagering requirement imposed by online casinos on welcome bonuses. The casino offers a bonus amount of 35x deposit, which means that the £100 bonus amount has to be used in 35 different bets before being eligible to withdraw. Gaming restrictions mean that only bets placed on the slot games are given full credits while the likes of roulette or blackjack may not contribute much to the requirements.
Bonus Wagering Size
Casinos often come up with a bonus size in conjunction with aspects like payout percentage and wagering requirements. Online casinos that offer a huge bonus initially may either have a lower payout percentage or request with excessive wage requirements like 75x deposit.
Players should analyse each element of the bonus wagering size before deciding on a particular online casino. It should also be remembered that even the gaming restrictions play a role.