Blog Posted on 29/12/2015 | Author: Karen Macarthur
Wagering Requirements – What does it mean?
If you are a frequent player at Casinos, then this term would be very familiar to you. Wagering requirements is the amount of money that a player has to bet in order to take away the bonus winnings. Wagering requirements are used by casinos to keep a check on the amount of money that a player can win. We must all accept the fact that, at the end of the day even casinos have to make a profit. What is the point of giving away hundreds of dollars as bonus, if they don’t actually earn anything?
Take an example where a casino if offering a 200% sign up bonus. If they were to give a bonus of 800$ for a 4$ deposit, it would be a terrible loss for them. That is where these requirements come into play. They surely do give a bonus of 200%, but that happens only when the player wages to a specific amount of money, say 2000$. This might sound a bit harsh at first, but the player is actually winning free cash and the casino is also making a profit. There are basically two types of requirements. One is the welcome wager requirement and the other is the bonus wager requirement. Welcome wagering requirements are those which are set on the welcome bonuses that a player receives whereas bonus wagering requirements are implied on the bonus winnings that a player wins during a game.
As the name suggests, cashable bonus is the one that the players can cash out. But players should keep in mind to take a look at the wagering requirements and see whether they have satisfied all the conditions. If a player initiates cash out without meeting the requirements, their bonus would be void and sometimes the actual winnings can also be void. So please take time to read through the terms and conditions before making a request for cash out.
Sticky Type Bonus I
This type of bonus is useful only for playing at the Casino. For example, consider a situation where the player wins a sticky type bonus of 50£ and the player already has 200£. The player could cash out 200£ then and there, but if he/she decides to play, he/she could wager up to 250£. This means that they can wager for higher amounts that what they can cash out. If a player decides to withdraw the amount, the Sticky I bonus will be removed from their account.
Sticky Type Bonus II
This is similar to Type I bonus, but it differs from it in the fact that, if a player decides to withdraw the money, their Sticky Type Bonus will not be removed from their account. This can be used at later stage.
As you can clearly see from the article, even though wagering requirements can be a little annoying, it makes sure that both the parties, the player and the casino, remains happy. You wouldn’t want a casino to run out of money, do you?