What To Know About Wagering Requirements
Wagering requirements are a common condition typically included with various types of promotions. These requirements can be challenging to understand. In this article, mega888 we will break down how they work, how they are calculated.
What are Bonus Conditions?
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Wagering requirements refer to the amount of times you must bet your bonus funds before you can receive the winnings. For example, if a casino offers a no deposit offer with a wagering requirement of 20 times, you must bet a total of twice as much before you can cash out. In simple terms, it means you need to clear the requirements by betting your bonus.
Types of Bonus Rules
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There are two types of bonus conditions: rollover and playthrough. The rollover requirement is the required bets in total, while the playthrough requirement is the amount you need to bet in a particular game.
How Wagering Requirements Work
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Online casinos usually apply wagering requirements to bonuses offered by sportsbooks. When you claim a bonus, the bonus rule is triggered. You then have a set period to meet the requirement (30-90 days), during which you can make wagers and attempt to clear the requirements.
Some examples of how playthrough rules work:
You deposit $100 at a casino and claim a no deposit offer with a bonus condition. You need to bet twice as much.
You receive a $50 bonus with a 10x playthrough requirement and you must place bets on slots to clear the requirement.
What You Need to Know
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To minimize losses, it's essential to check the bonus rules of any bonus before claiming it. Verify the bonus conditions and the types of wagers that count towards the requirement. Here are some key considerations:
Low wagering requirements are usually preferable, as they require less play to clear the requirements.
Specific types of wagers contribute more to the wagering requirement than others. For example, table games often contribute 100%.
Some gaming platforms offer no playthrough requirements but these are usually restricted to very small bonuses.
Tips for Meeting Wagering Requirements
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To increase your chances of meeting bonus rules, follow these advice:
Choose games that contribute most to the requirement.
Make smaller wagers to keep your finances in check.
Read the terms and conditions carefully before claiming a bonus.
Don't chase losses.
Conclusion
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Wagering requirements can seem daunting at first, but once you understand how they work you can take advantage of them. Remember to read the terms and conditions of any bonus and select wagers that count to the requirement.