Slot Wagering Requirements Explained and Calculated
Promotions and bonuses are important to online casino customers. A good welcome package is a useful marketing tool in the fight to attract new customers. It is always well worth keeping an eye on what the competition is offering too, so you can eclipse their offer with a better one.
The purpose of these bonuses is to help customers familiarize themselves with these virtual establishments, courtesy of some extra cash or free spins. If punters enjoy their experience then they will be glad they joined and promptly return for more.
This is why it is important to get the welcome bonuses at www.wizardslots.com right. Many casinos offer various types of bonuses that are either deposit match ups, free spins, or both. A trend lately is for wager free complimentary spins but many casinos still have wagering rules applied to their bonuses.
Increased Competition
Bonuses are more important than ever before, as online casino numbers have reached saturation point. Casinos now have to pull out all the stops to attract new customers with offers that stand out. However, these bonuses can be a little confusing as they come loaded with terms and conditions and other rules.
This is to be expected in order to prevent abuse of bonuses by sly customers. Casinos cannot give away free cash to every new customer without restrictions being applied otherwise they will end up in financial difficulty. This is why free money comes with strings attached. Casino bonuses are well thought out and carefully constructed, if they are not, then the casino would lose vast amounts of money.
This happened in the past to a well-known gambling brand that was left reeling by the experience. The promotion in question was named The Happy Hour Bonus and this offered players the chance to claim an unlimited number of 50% up to £100 deposit bonuses with only a 10x wagering requirement attached. The generous offer gave punters a huge edge over the casino and the losses were substantial. This is why bonuses are now constructed in such a way as not to give players an edge.
Bonuses do give you extra free money but the wagering requirements that are on average 20x times or higher, counteract the edge you may think you have when taking up a casino offer.
Different Types Of Bonuses Explained
There are different types of bonuses that punters can claim at a casino. The most common bonus is the welcome packages called deposit bonuses. Most casinos will give a 100% deposit boost up to a certain amount of cash. The industry standard is around £100.
If you deposit £20 you will get another £20 free giving you £40 to play with. If you deposit £100 then a 100% match will give you £200 in total, reaching the maximum deposit bonus limit. Usually, you will have to wager it 20x before any withdrawals can be made. This means that you have to go through bets of £4000 if you take up the maximum bonus amount.
Game weighting is another term you may encounter when taking up a casino bonus. This basically means that different games contribute different percentages to the wagering requirements. Some do not contribute at all, such as table games, whilst specially selected slots contribute the most that are 100%.
To really understand the intricate details of bonuses, it’s always important to read the small print that is available on every site. The Terms and Conditions can be lengthy and difficult to understand, but you are letting yourself get informed as to what to expect should you opt in to any bonus scheme. It is also very important to pay particular attention to those rules that if broken, would lead to the bonus being removed, such as staking limits on spins played whilst using bonus cash.
Most offers have a minimum deposit limit needed to activate the bonus offer. This is usually £10 or £20 pounds. However, many sites do not offer these bonuses to E-wallet depositors. If Skrill, Neteller or PayPal are your chosen deposit methods, then you may miss out on bonuses altogether.
Free Spins
Other common welcome offers include free spins. These can accompany deposit boosts or can be stand-alone offers. Again they come with wagering requirements on any winnings you might accumulate. This means that if you were given a set of free spins upon joining a casino and you play them and win. You will not be able to withdraw your winnings until you have played through your winnings a set number of times. Free spins come as no deposit free spins or deposit free spins. They even come as part of a first deposit bonus as a little extra gift. The casino usually chooses the games to use your spins on and they have to be used in 24 hours. They can come in one set or a number of sets over a few days, depending on how many are up for grabs.
Another important thing to understand when using casino bonuses is that wins are usually capped to £100 especially on free spins and betting stakes usually cannot be higher than £5. This again is to limit the amount the casino has to pay out to punters.
Final Thoughts
Always factor in the slot wagering requirements before you decide to take up a casino welcome offer and ask yourself whether it is even possible to meet some of them. Of course this will all depend on the luck you have whilst using free spins or bonus cash, but wagering requirements that are over 40x can be a stretch too far.
The best packages are the ones that offer free spins and deposit boosts, even better still are the promotions that include free spins that come with no strings attached. This includes the removal of caps placed on the amount you can win.
With all this in mind, many players have taken up offers and met the wagering requirements and still have managed to withdraw a tidy sum, so it is not an impossible summit to reach.
