There are lots of promotions and bonuses that online casinos offers and gamblers can use them to their benefits. Casino players need to comply with certain casino requirements to benefit from the perks. If you are an online gambler who wants to enjoy great bonuses, then it is important to understand the way rollover and wagering requirements work and how to calculate them.
If you have read the terms of the bonuses and casinos then you may have seen the words like “wagering requirement” and “rollover” mentioned. These refer to the steps you need to take before you can withdraw the bonus amount you were given. All the online casinos like newfreespins.com offer and bonuses like welcome bonuses, reload bonuses, no deposit bonus free spins, and other offers have some type of rollover and wagering requirements. Each online casino will have its own terms. In order to prevent any type of abuse, bonus amounts are required to be rolled over an X number of times before a cashout can be requested. This is called a rollover requirement.
You will usually find this expressed as 15x, 30x, 60x, and so on. To calculate the rollover amount, take the deposit amount plus the bonus amount and multiply the total by the rollover and in the result, you will get the amount you need to bet before making with withdrawal. For example, if a casino offers you a welcome bonus of 100% up to $100 with a 30x rollover, and you deposit $100 which means the bonus has 30 times a rollover requirement of plus the deposit amount. So you shall be given $100 in bonus cash but now the question is how much you need to wager to play and cash out your money. Adding the bonus amount, $100 plus, the deposit amount, that is another $100, which equals $200 in total and now multiply it by the rollover (30x). This means those $200 need to be wagered 30 times. That is, you will need to play a total of $6000 before you can withdraw your bonus of $100.
A wagering requirement is an amount that you wager on specific games that counts towards clearing the rollover requirement. In simple words, online casinos shall provide you a particular match based on what casino game you would play. So the fact is that every game has a different percentage. For example, in many casinos, slots are considered to be given 100% so if you bet $1 then it will count $1 towards clearing the bonus. In table games, it may count 20-25% of the total amount wagered towards clearing the rollover. Now if a player bets $10 in a bet then $2 or $2.5 will count towards clearing total amount.
This means that on table games, a player has to bet $5 to have a $1 count. Each promotion may have additional details, so always read the terms and conditions. Make sure you understand all the requirements of each offer before claiming it. Be careful, a casino may offer a specific bonus with little or no rollover, but there are no online casinos without wagering requirements. Instead, look for casinos with low wagering requirements. New players may feel confused or overwhelmed by rollover requirements. Some trusted casinos offer bonuses that are easy to access and are straightforward to clear so always choose online casino wisely and pay attention to the terms and conditions.