What is a wager exactly?
Firstly let’s look into a guide to casino wagering. In terms of casinos, a wager is a bet using real money on any type of game, from classic slots to poker, to online bingo, to dealer-based games. The wager means the amount of money that contributes to the meeting of wagering requirements. In short, it is a bet. Let’s
However, casinos also have wagering requirements and this is where it all gets a bit messy. Wagering requirements are a term that you will find in online casinos. It is almost always linked with bonuses that are now available on gambling sites left right and center, especially found in sign-up offers, so reading terms and conditions might be annoying but for this reason, it is vital.
Check out casino.fanduel.com to place your own bets and find out what wagering requirements you might have for games like blackjack!
Are there requirements to wager?
There are requirements in order to place a wager, however, it is not all that simple. Wagering requirements are figures that show how much money you need to bet on real money games before you can withdraw a bonus and collect winnings. This is often shown as a multiplier, such as ‘x5’ or ‘x20’, and it can be anywhere from x1 to x50. Generally with online casinos, the bigger the casino bonus is, the bigger the multiplier will be.
Why do wagering requirements exist?
It is key to remember that this only applies to online casinos. The reason that they have this system is to prevent any money laundering, as people cannot deposit money on their website and then instantly withdraw it, it means that these sites cannot be used as money laundering platforms by criminals.
Not only that, but requirements prevent players from taking advantage of the bonuses negatively. If this was not in place, then bonus hunters could simply hop from casino to casino, exploiting offers without needing to place a single bet.
It is basically an honesty agreement between the player and the casino, you are promising to stick around for a while and try your luck and in return the casino gives you a bonus. It is just a promise between the two parties to be honest and that this is a form of entertainment and not simply a way to score some free cash- as it would be if the wagering requirements were not a thing.
How exactly do wagering requirements work?
With online casinos you will often get welcome bonuses, let’s say a casino offers you a 100% match up bonus on your first deposit. If you deposit $800 then they match that. However, then you get the wagering requirement which might be x5. This would mean you need to spend 5 times the total of your deposit before you can withdraw any winnings.
This will also be applied to free spin offers, as these are random, the multiplier of the wagering requirement then applies to whatever you win from your free spin.
At first wagering requirements may seem a bit daunting, however, they are just an honesty agreement, and they do not prevent you from withdrawing your winnings entirely, just up to a certain point.
Working out the best way.
The biggest issue most people will have with wagering requirements is that it can hold them back from withdrawing their winnings as soon as they might like to. So, meeting the requirements as soon as possible is important for some people.
It is worth remembering that not every online casino is as sugar sweet as you would like, and their requirements might be extremely high. Not every casino is like this, and some will give you a realistic shot at meeting these requirements. This is where you need to practice smart game choices and odds.
What can help you here?
Whether you are choosing online or land-based, your casino of choice is very important. Of course, with online casinos, you have to also take into account the wagering requirements.
Not every casino is the same. Online casinos will vary in their wagering requirements, game selection, and sometimes minimum bets per game. Land-based casinos will also have different minimum bets, and different games to play, so choosing the best casino for you is imperative.
Choose your games wisely.
The games you choose are also important. As a beginner, you would probably want something easy to learn, with decent odds. Roulette is a good game for this, although the best odds don’t have the best payout. Slots are also great, they make for good practice in the casino atmosphere, but their payout is randomly generated, and it can be easy to spend a lot of money in the blink of an eye.
Blackjack is another good beginner game, all you need to do is try to get as close to 21 as you can without going bust, and it can be very fun too.
The best thing to do is get plenty of practice with beginner games and work up your winnings through these games to beat the wager requirements.
One of the most important things when it comes to wagering is caution, whether you are using an online casino and need to read the terms and conditions for wagering requirements, or you are taking your cash to a land-based casino. Always have a bankroll, and never go over it. Set a spending limit online, or if going to a land-based casino, take a set amount of cash with you.
Consider how big your bankroll is to choose your games. If you only have $100 for the day, you do not want to play a game that costs $10 per play, as you won’t be playing very long.
It can be tempting to wager big to earn the big bucks, however this is just a recipe to empty your bankroll completely and quickly. Less is more, and sometimes you can get a big win for just a few bucks. Whether you face the wagering requirements of an online casino, or the bright lights of a land-based casino, smaller wagers can be the best bet to enjoying the experience.