Getting to Know Online Casino Wagering Requirements
The casinos and sports betting sites that we recommend at Casino Online New Zealand are all world-class, and as such they all offer world-class bonuses and promotions. These are used to get you playing and betting and then to keep you doing the same, but if used properly they can be very beneficial for you, as well as the online casino or bookmaker that you’ve chosen.
However, it is important to remember that these establishments are legitimate businesses. Like any enterprise of that nature, one of their primary goals must be to generate a profit. With that in mind, the free money and free casino games that come from casino bonuses and betting promotions usually do have some strings attached to them, notably in the form of wagering requirements.
What is a Wagering Requirement?
A wagering requirement, also called a play-through requirement, is the number of times you’ll need to play the bonus amount or the bonus and deposit amount through before you can cash the funds out.
It’s usually set by the online casino or sportsbooks’ risk management, and the general rule of thumb is that the more generous the bonus, the steeper the wagering requirement.
Different Wagering Requirements for Different Activities
Different casino games and sports betting options at the establishments recommended here often have different percentage contribution stipulations. In plain English, your total bet might not count fully towards meeting your wagering requirement.
Rather than all of your wager in a blackjack game going towards the amount that you need to play through, for example, only 50% or even 20% might count. What this does, obviously, is create a situation that is very beneficial for your chosen casino or bookmaker.
You’ll need to spend more money in order to be allowed to cash out and claim the money you’ve won already! Ultimately you could, of course, end up winning more but this can make playing casino games and sports betting online a much costlier exercise than you first thought it was going to be.
Considering Your Casino Bonus Options
Online casino bonuses and sports betting promotions can be very lucrative; especially the ones found at the establishments that Casino Online New Zealand recommends to you. However, you do need to read through the terms and conditions carefully and find out exactly what the play-through requirement is going to be, before you agree to any bonus deals. The best thing to do is contact the establishment via live chat after you’ve signed up, but before you deposit anything, to ask about the particulars of the bonus.
Calculate how much you’d need to spend to cash any winnings out, and decide if you are happy with that. Simply hoping that your potential wins will negate this is something of a fool’s game; you should never bank on getting money back or play and bet with anything you’re not prepared to lose.
Choose bonuses that suit your playing style for maximum benefit, and enjoy the rewards that they do offer. Just be aware that the casinos and sportsbooks you visit also need to make money. If something sounds too good to be true, there’s a very strong chance that it is!