Most casino’s nowadays add gifts to your account in the form of bonus money, free rounds on games or other comps. Casino funds and winnings from free spins usually come with wagering requirements attached, so that players can not abuse the system and cash everything out without making deposits. In this article we will attempt to clear up some misconceptions around bonuses and show you how wagering requirements tend to work.
To clarify we shall look at an example: let’s assume you just made a fresh 50 euro deposit to your new Netent casino account and they gave you a 150% welcome bonus on top. Your starting balance will increase to 125 euro, but you can’t cash it out right away ’cause then the casino would go broke in no-time. So you’re going to have to bet a certain amount before the bonusmoney is “unlocked” and added to your account as real money. That amount is called a wagering requirement.
Bonus money can be used on videoslots almost always (with the exception of progressive jackpot slots), sometimes even in the live casino or on sportsbook. If certain games are excluded the casino will tell you what you can play with your bonus. In any case, you’ll have to bet your bonus on games before you are able to cash out.
The casino rules will state how often you have to play your bonus money before it can be withdrawn to your bank account. If we assume the turnover is 25x the bonus amount, you’d be tasked with wagering an amount of 25 x 75 = 1875 euro in the casino games before the money is converted into real cash that belongs to you now. In order to keep track of your progression, most casino softwae or the support staff can tell you precisely how much you have left to bet before the wagering is fullfilled. Once you complete the turnover, you are then free to do with the money as you please.
Using variance to your advantage
When you have only a small bit of wagering left, it’s sometimes wise to play a low variance slot. That’s because the return of that game is more consistent (less volatile), giving you a better chance of completing the entire wagering amount with enough money left to make a good cashout. Examples of low variance slots are Jack Hammer, Aliens and Starburst videoslot. The last one is the best because it has a so called “quick-spin” feature that allows you to play very fast spins (for 10 cents per spin).
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