Online Casino Bonus Wagering Calculator
Casino bonuses come for free. Certain terms and conditions are attached to all casino bonuses that may undermine their value. So, if you are aiming at maximizing your casino bonus returns, you should start looking out for these terms and conditions applied.
For starters, terms like wagering requirements have a great deal to play on how players enjoy the bonuses. Wagering requirements tend to have a huge impact on the bonus value. They tell you the number of times you need to wager to clear your bonuses or winnings for withdrawals.
Players often find it difficult to calculate the actual value after meeting the terms to assess the worth of the casino bonuses. To make things easier, the bonus wagering calculator can be used to determine the total amount needed to wager and convert bonus funds into withdrawal cash.
How to Use the Bonus Wagering Calculator
Once you know what a bonus wagering calculator is, it is time to make good use of it. Below is a quick rundown on how you can use the calculator effectively –
Input Fields Explanation:
- Bonus Amount: The bonus amount tells you the total quantity of bonus funds you will receive after meeting the requirements.
- Deposit Amount: Most casino bonuses require players to make a minimum deposit amount, as mentioned on the official website. Enter the deposit amount that the users need to make in order to meet the terms and conditions. Note that the bonus funds may be subject to changes from one website to another.
- Wagering Multiplier: The wagering multiplier is the number of times the bonus, along with the deposit, needs to be wagered to withdraw the winnings.
Step-by-Step Guide:
Once the above terms are understood, you can follow the step-by-step guide mentioned below to start using the bonus wagering calculator –
- In the field provided by the calculator, enter the amount of bonus indicated in the offer.
- Input the deposit amount as mentioned in the terms and conditions.
- Enter the wagering requirement multiplier (written in the form of 10x, 20x, 30x, and so on)
- Select “Calculate” to evaluate the total wagering requirements that you need to cover to withdraw the bonus funds and winnings.
Understanding Wagering Requirements
The wagering requirement is a common condition of bonuses in gambling that indicates the number of times players need to bet or wager their bonus funds before they can be withdrawn. They are applied to bonuses only or can be a combination of the bonus total and the deposit amount.
To better understand the concept of wagering requirements, let’s take an example. Let’s assume that a player gets a deposit bonus of $100 with a wagering requirement of 20x. To evaluate the amount needed to spend on casino gambling to get through the wagering requirement, the following equation needs to be followed –
Deposit Amount * Wagering Requirement = Wagering Outcome.
In our example, $100*20x = $2000.
Tips to Meet Wagering Requirements Efficiently
- Game Selection: To beat a wagering requirement, it is important to choose games correctly. Most casinos have a restricted list of games that can be used for wagering. In that case, go for games with high RTP. Games like blackjack generally have high returns to players, but a player can also go for high RTP slot games, preferably the ones with low volatility.
- Time Management: Another way you can meet your wagering requirement efficiently is by monitoring bonus expression dates. Many promos, like free spins, have shorter validity that expire only after a week or two. To avoid forfeiting bonuses, choose bonuses that have longer validity, which gives you adequate time to meet the wagering requirement. If any requirement seems too difficult to meet within a stipulated time period, it is smart to avoid such bonuses.
- Bet Sizing: To beat your wagering requirement, you can also reduce the bet size since it controls the variance in the game. Remember, slow and steady wins the race, and it also helps in meeting the wagering requirement, especially if the wagering amount is low. For a higher wagering amount, or if the player hits a massive win while betting, then it can be beneficial to increase the bet size, but it is always smart to err on the side of caution if one wants to beat wagering requirements.
Common Pitfalls and How to Avoid Them
- Ignoring Game Contribution Percentages: Some casino games contribute less towards wagering. It is important that players pay attention to the contribution of every game to the overall wagering goal to avoid being thrown off course. Be aware of the game contribution percentages before joining an online casino to play games and claim bonuses. There are essential bonus terms and conditions that you need to look for.
- Overlooking Bonus Terms and Conditions: Most players tend to register for online gambling but avoid going through the fine print. Read all the terms and conditions carefully to understand all stipulations since they are not just for the website’s decoration but a comprehensive guide to making the most of casino bonuses.
Types of Wagering Requirements
- Bonus Only: This is when the wagering requirement is applied only to the bonus amount.
- Deposit and Bonus: When a casino is required to wager on both the deposit and the bonus amounts.
- Free Spins Winnings: This involves wagering on the winnings earned from free spins.
Practical Examples
Let’s take a look at the examples of each of the types mentioned above to have a better understanding of how the requirements work –
Example 1: Calculating wagering for a bonus-only offer
- Bonus amount – $100
- Wagering requirement – 30x
- Total wagering required – $100*30 = $3,000
Result – Place $3,000 in bets to withdraw any winnings.
Example 2: Calculating wagering for a deposit plus bonus offer
- Deposit – $100
- Bonus – $100
- Total funds – $200
- Wagering requirement – 25x (deposit + bonus)
- Total wagering required – $200*25 = $5,000
Result – Wager $5,000 to withdraw any winnings.
Example 3: Understanding wagering on free spins winnings
- Free spins winnings – $50
- Wagering requirement – 40x
- Total wagering required – $50*40 = $2,000
Result – Wager $2,000 to withdraw any winnings from free spins.
Conclusion
The main objective of any calculator is to make complicated mathematical calculations. The bonus calculator functions like any other calculator, where it does all the confusing and complicated calculations so that players can evaluate the amount of deposit, wagering, and the bonus funds that they are going to finally get from a particular bonus.
If you know how to utilize the bonus wagering calculator effectively, you can make informed gambling decisions and participate in responsible gambling. You can essentially understand the bonus structures, manage your risks better, and, most importantly, compare different bonuses by entering relevant information into the system.
Regardless of the calculator that you choose to use, remember to practice responsible gambling and use the essential tools and controls on online gambling platforms.
FAQs
What happens if I don't meet the wagering requirements in time?
If you do not meet the wagering requirement in time, you essentially lose out on the winnings associated with that particular bonus.
Can I withdraw my deposit before meeting the wagering requirements?
No, if a particular bonus requires you to meet certain terms and conditions, like the wagering requirements, you cannot withdraw the deposits without meeting them.
Do all games count equally towards wagering requirements?
No, not all games count equally towards wagering requirements. Slot games contribute 100% of the bet to the requirements, while cards and table games may contribute only 50% and sometimes even less.