The online gaming industry is now packed with hundreds of slots, with each operator rival with one an extra for your business. This is large news for you as the player; as it means you have entree to a important number of welcome packages and bonuses
As profitable as this can be, you should know that even the best UK online casino offers Will attach something called a ‘wagering requirement’ to their terms and conditions.
As such, it is chief that you have a full understanding of what a wager requirement is, how it works, and what you need to do to make sure you are bright to withdraw your winnings out.
Here we break down this somewhat confusing aspect of the online slot bonus space.
What is a wager requirement?
In a nutshell, wager requirements are attached to online slot bonuses to ensure that you don’t withdraw the extra without playing any of the platform’s games. Each extra will have its own wagering requirement close to it, which is always vocal as a multiple.
Let’s say for example the bonus has a gamble requirement of x10. This means that you will have to to risk at least 10 times the amount of the extra funds received before you can withdraw the funds out of the casino
To make sure you have a full understanding, check out the example below.
You claim a “£100 in time Deposit Bonus”.
You deposit £100, meaning that the slots will give you £100 in bonus funds.
The bonus funds have an x20 wager requirement close.
This means that you will require risking at least £2,000 before you can withdraw the bonus funds out.
As you’ll see from the above example, the senior the wager requirement is, the harder it is to wager the bonus in its total.
How do I wager an extra to meet the wager requirement?
In its most critical form, every time you place a bet with the online casino games, this will go towards the wagering requirement. For example, if you placed a £10 stake on a slot game, regardless of whether you won or lost the gamble, you would contribute £10 towards your overall wager requirement.
However, it is vital that you are aware of the fact that some games give a lower proportion towards the wagering requirement.
This is to stop players from ‘guaranteeing’ their wager requirement endeavors. If this wasn’t the case, you could merely place balanced bets on red, black and green on roulette, subsequently ensure that you don’t lose money, but still give towards the wagering requirement.
This is why it is very important to read the terms and conditions of the bonus you are claiming.
In the vast greater part of cases, new slot sites will offer most of their slot titles on a 1:1 wager basis. In layman terms, this means that each and every pound or penny that you stake will add 100% towards the bonus.
However, as well-known above, table games such as roulette, blackjack, and baccarat do not add fully to a wager requirement. In fact, table games typically only contribute 10%.
What is the best slots game to meet wagering requirements?
We are of the opinion that the best slots game to meet a wager requirement is slots. The reason for this is that in the vast best part of cases, slots supply 100% towards the bonus. However, slots are also ideal because of their higher-than-typically RTP (return-to-player).
Spoken as a percentage, the RTP determines how much the slot machine will pay back to the player over the course of time. Some online casino games pay an RTP of more than 97%.
This means that by playing the slot machine long-term, you’re likely to familiarity both wins and losses. Along the way, each and every spin will count towards the wager requirement.