Why You Need Our Wagering Requirement Calculator
No matter what bonus you are about to claim, whether it’s a welcome bonus or no deposit bonus, you need to know what it costs. It’s true, bonuses are not free as they claim on casino main webpage. Even no deposit bonuses are no saint. You actually have to deposit after you claimed the no deposit bonus. Because if you don’t, you will never see your winnings on your bank account.
But the no deposit bonuses at least let you play whereas match deposit bonuses don’t even let you play until you make a deposit. But at this point, you need to stop and think thoroughly whether you need the bonus. The best thing you can do is to read the bonus terms and conditions. Although we know T&Cs are too boring to read, it’s crucial to find out minimum deposit amounts, maximum stake amount, and wagering requirements.
The latter is the most off-putting thing ever created at online casinos. But without wagering requirements, there probably wouldn’t be a gambling market. If you still don’t know what wagering requirement is, then here you are: it’s the amount of money you need to bet to withdraw your winnings made with the bonus. To learn more about wagering requirements, click here.
Often, players are afraid of wagering requirements. And it’s no wonder because they happen to take not only their money away but also their desire to gamble. That’s why we always recommend reading the bonus T&Cs before claiming one.
Calculate Wagering Requirement For Free
Just in case if you don’t want to read the terms, or you are unsure about your calculations, we’ve created a wagering requirement calculator. You can use it every time you feel like claiming a bonus to prevent unpleasant situations.
If you see an attractive bonus, you can already imagine how big you can win and how long you can play casino games with this generous bonus. But sometimes, it’s better to make a deposit without claiming any bonus. In fact, it’s more profitable, at least because you can request for withdrawal and have it.
Hopefully, it sounds convincing enough just to try our calculator once. However, we assure you, once you use our wagering requirement calculator, you will calculate every casino welcome bonus just to find the best one.
How to Use Wagering Requirement Calculator
There are no difficulties using our wagering requirement calculator because we made it clear and convenient for everyone. Still, if you need clarifying notes and explanation, here’s how to use the calculator:
- First, visit your casino site and look for the promotion (welcome bonus).
- Choose your casino bonus type. It can be a deposit bonus (match deposit bonus) or no deposit bonus (free money).
- Open its terms to see the figures regarding:
- Deposit Bonus
- wagering requirement multiplier (eg: 40x);
- bonus percentage (usually it’s 100%, in welcome packages it ranges from 50% to 150%);
- bonus limit amount (eg: up to $200);
- wagering type (some casinos set requirements for only bonus money whereas others for deposit + bonus);
- game contribution you’re about to play (It varies. Usually, slots contribute 100%, table games — 50%, live games — 0%);
- No Deposit Bonus
- free money amount (eg: $10);
- wagering requirement multiplier and type;
- estimated winnings (usually, online casinos mention the amount of winnings you can withdraw using bonus);
- game contribution.
- Deposit Bonus
- Fill in the calculator with the aforementioned figures.
- It’s the wagering amount you need for withdrawal.
Fields You Need to Complete
The fields on the calculator are pretty clear, but if you are a newbie at online casinos, here’s what they mean.
Welcome Bonus is a bonus for new players. Only new-registered customers can claim it.
Match Deposit bonus is a bonus that is given to you only after you make a real money deposit. Your deposit is matched by a percentage of the match deposit bonus. Usually it’s 100%.
No Deposit bonus (free money) is a bonus which doesn’t require you to make your first real-money deposit. The bonus money is credited on your account upon registration and you can use it to play games.
Wagering requirement multiplier is the number of times the bonus (bonus + deposit) is multiplied.
Bonus limit amount is a maximum possible amount of money that you can get as a bonus. For example, if the bonus terms say it’s a 100% match bonus, but you can get up to $200, then by depositing $500, you’ll only get $200 instead of another $500.
Wagering type is crucial to find out in each particular casino. Some online casinos count wagering requirements based on bonus amount only, the others — based on deposit + bonus amount. The second is obviously higher.
Game contribution is a percentage of your wagers contributed towards completion of wagering requirements. Depending on the game, the percentage varies. You should see the bonus T&Cs to find out what percentage your game type contributes. Usually, slots contribute 100%, table and live games contribute less percentage (0% — 50%).
Estimated winnings are the amount of money you are about to win using the free money bonus. It is difficult to calculate. But very often online casinos mention the max limit of winnings you can credit to your withdrawable balance. This isn’t fair at all, but this is how casinos take their edge.
We hope that our wagering requirement calculator will be useful for you. We highly recommend using it before claiming online casino bonuses. Take it seriously, otherwise instead of having fun at online casinos, you can face difficulties and lose any excitement to gamble.
One of the main priorities in the sphere of gambling is security. It’s hard to trust the casino in the beginning. In order to believe a casino, you should study all aspects of particular casino site.
How to understand should you trust the casino or nor? First, learn about the software providers. If it is a popular one, with good reviews about the safety, you can partly trust the casino. One of the best representatives is Microgaming software provider. The biggest and the most popular among casinos.
Why people trust Microgaming? Since 1994, when Microgaming started operating, the company immediately took the lead out from the competitors by developing a platform for placing online casinos on the Internet. In 2014, the provider made a new technological breakthrough by introducing the first software for mobile casinos on the market. For over 25 years of work in the gambling industry, more than 600 games of gambling entertainment have been launched. The developer’s product range is represented by slot machines, video poker, roulette, blackjack, bingo and baccarat.
Another sign of a trusted casino is the seal of approval by eCOGRA. The organization eCOGRA verifies random number generators used for computer gambling and protects the rights of players. All video slots and other developer’s products undergo tests of eCOGRA and have certificates.
Of course. Placing a bet on a single sports event, you have a 50% chance of winning each bet. If you guess the outcome right and win, you take back your original bet amount plus the payout. In addition, you can learn about the most profitable strategies for single-event sports betting.
It is not recommended to earn money on casino games and consider it as the only source of income. That is because gambling is addictive. Thus, if you cannot stop at the right time, you will lose not only your money, but probably your car, apartment, and even relationships. But if you don’t easily fall into addiction, then you can gamble professionally. And this is also a long path with a lot of mistakes and effort. Besides, being a professional gambler in Canada, you will have to pay tax on your ‘work’ as you make a living only through casino games. Read a full article about gambling taxes in Canada on our site.