You may have heard of wagering requirements, but you might not know what they are or how they work. Wagering requirements basically dictate how much money in real cash you need to bet on a game before you can withdraw any winnings. These requirements are designed by the casino to keep players from immediately withdrawing their cash after winning big at the slots and other games. It’s easier for casinos to set these wagering requirements than it is for them to monitor each individual player. Each online casino will have different rules concerning their wagering requirement policies, so hopefully this article will help you figure out whats best for your needs as well as give some tips about beating the odds and meeting those nasty wagering requirements!
Most casinos will require you to bet between 20-30 times your initial or bonus deposit amount before you can withdraw any winnings. So, if you make a deposit of $100, the casino might require that you wager $3,000 before they release any cash. If this sounds confusing dont worry!
First of all, it’s important that you understand that every game counts towards meeting your wagering requirement. If a site says they only count 80% towards your wagering requirement, do not let this fool you. You still need to bet 100% of what you have in real cash (or bonus money) before anything is released; just because one game contributes less than another isn’t the same as saying how much it does contribute! In addition, slots, video poker and keno are by far the easiest games for players to beat their wagering requirements with. Blackjack and roulette can be tougher because you need to achieve a decent winning streak before you reach the wagering requirements, but if you have patience you can win big!
Once you score 21 on a hand of blackjack and the dealer busts, that’s technically a winning streak – even if you still have to bet more money! Once you find games like this, you should definitely play them because they can contribute towards your wagering requirements much faster than more difficult games.
Additionally, it’s important to note that many casinos require multiple playthroughs in order for you to be able to withdraw your winnings. So, as an example, lets say theres a casino with a 25x wagering requirement on all slots. If you deposit $100 and make 10 bets of $10 each playing video slots at .20 per spin (totaling $200), thats essentially 100% of what the initial deposit is, but you’re only halfway there.
If the casino requires you to bet at least once more before they release your money, that $200 is essentially now worth $400 because you have to make another 100% (which will be close to a 4x) on top of what you’ve already bet! Because of this and other wagering requirements, it’s important that you find casinos who dont require multiple playthroughs before releasing your winnings.