All online casinos impose wagering requirements on casino bonuses offered by the casino. Though these appear burdensome to the player wagering requirements follow naturally from the objective of giving the bonuses. Online casino bonuses are not meant to be immediately withdrawn and taken home. Online bonuses are meant to be utilized by the player for wagering at the casino. In order to remove any ambiguity as to how much wagering is required online casinos specify wagering requirements. This also minimizes unnecessary legislation.
Wagering requirements for online casinos are best explained through examples. Most bonuses offered by casinos are bonuses given after the player makes a deposit. For such bonuses wagering requirements are specified in one of two ways. The first is that the deposit and bonus amount both must be wagered a specified number of times. If the player has made a deposit of $100 and has been given a bonus of $100 and the wagering requirement is 20 times then the player has to wager an amount of $2,000 [(100 + 100) x 20] before he can make a withdrawal. The second way of specifying the wagering requirement is that only the bonus amount must be wagered a specified number of times. If the player has been given a bonus of $100 and the wagering requirement is 40 times then the player has to wager an amount of $4,000 (100 x 40] before he can make a withdrawal. If only the bonus amount is specified in the wagering requirement for the online casino , then usually the betting requirement is higher. In casino bonuses where there is no corresponding deposit only the wagering requirements are of the second type as described earlier.
Casino Games and Wagering Requirements
Online casinos have restrictions on which games the wagering requirements are to be met. In this context it is essential to understand the concept of average payout ratios. Average payout ratio indicates how much a player can expect to win in the long run. Some games like blackjack have payout ratios around 99%, which implies that if a player wagers $100 he can expect to get back $99 and lose only $1. Other games like slots have payout ratios around 96%, which implies that if a player wagers $100 he can expect to get back $96 and lose $4. When online casinos offer bonuses they want them to be wagered on the games with the lower payout ratios. Since the players are wagering with the casino’s money they expect the players to take greater risks. Hence the wagering requirements are given for games such as slots. Most online casinos do not allow wagering requirements to be met on table games and video poker. Some casinos double the wagering requirements if players want to meet them on table games and video poker.
Online casino bonuses can be abused by players. Sometimes players sign up under different names in order to avail of the sign up bonus multiple times. Online casinos have found that there are certain countries that have high incidence of bonus abuse. Therefore they have higher wagering requirements for players from those countries.
Hopefully this information gave you a good idea of how the wagering requirements for online casinos work. Below we have listed all of the different pages we have here on www.bonusprison.net about online casino bonuses. We have also listed the best casino bonuses available at the best online casinos in our online casino guide for you to look at.
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