Wagering Requirements in Online Slots: What are they?
If you play slots at wizardslots regularly, then the chances are that you have more than one online slot casino account. Some players have multiple accounts and the main reason for this is because of the bonuses that are offered to new players at each casino brand. Bonus hunting is usually a term reserved for streamers who play slots and hunt down the games with the best bonuses. The same can apply to individuals who join multiple casinos to get their hands on new player bonuses that usually consist of free spins or deposit cash boosts.
Common Bonus Offers
The most common bonus offers for new players is a deposit match of 100%. This means that whatever you deposit, the casino meets it with its own cash. Some casinos also add boosts of a certain percentage to customer’s second, third and fourth deposits, as long as they are completed within a certain timeframe. However, casinos do not just give away free cash to every new customer, as this would be disastrous for business, instead, they put up a barrier to prevent customers from turning in a profit. You cannot receive bonus cash from a casino and simply walk away with it. Terms and conditions are placed on these bonus funds and these are better known throughout the industry as wagering requirements.
Wagering Requirements: A Closer Look
Wagering requirements are in effect a way of casinos protecting their cash gift to players, by making it difficult to bank free cash. If you are given a cash gift by a casino, then you have to play it through, a set number of times, before it can be converted into real money, that can be withdrawn away from your casino account and into your bank account.
Wagering requirements vary from casino to casino, but the general rule is that the larger casino brands stick to the industry standard which is 20x to 40x wagering requirements. However, the smaller online slot casinos can make it even harder to profit from bonus cash and this is done by slapping a 60x to 70x wagering requirement on bonuses. If you were given £100 bonus money and you only had to wager the bonus amount 20x, then you would have to make £2000 in bets from the bonus cash before it could be released as real money. This can seem a tall order and 40x and 70x wagering requirements make it tougher still. This is where luck comes into play and all it takes is one big win on a slot game to set you on your way to meeting the wagering requirements.
Game weighting refers to what games contribute to meeting the wagering requirements of the bonus cash. Some games such as table games can only contribute 25% or nothing at all. Most slot games contribute 100% and playing slots is the quickest way of meeting the bonus wagering requirements needed to release the bonus as real withdrawable funds.