Casino bonuses are one of the biggest perks of playing at an online casinos. Even if bonuses usually come with a wagering requirement, there is still several good reasons to accept a casino bonus. If you are given a generous amount of free cash, you might think “what’s the catch?”. Well, the catch is the wagering requirement. This means that you need to play though the given bonus amount a specific number of times, before you can make a withdrawal of your winnings. As soon as you start to read about wagering bonus funds, it makes sense why these requirements exist.
Why do Wagering Requirements exist
It’s not a secret that casinos, like any other company, needs to make money of their business. Giving out free cash to players would not make any sense, as there would not be any profit for the casinos. That’s why wagering requirements was introduced. The bonus rules are there to make sure not all players convert their bonus money into withdrawable funds. With that said, some players still manage to wager their bonus and convert the bonus funds into real cash, which they can withdraw straight to their bank account.
How do wagering requirements work
It’s quite often that we see players who has misunderstood the concept of a wagering requirement. The bonus terms does not mean that your balance have to reach a certain amount. The truth is that you can withdraw any amount, even an amount as low as 20 dollars, as long as the wagering requirement has been met. How the terms actually work is that you need to wager, or play through, the bonus a given amount of times.
Let’s say you receive a 50 dollar bonus with a wagering requirement of 40x. This mans that you need to wager a total of 2000 dollars with the bonus funds. You may think “How am I suppose to wager 2000 dollars with a balance of only 50 dollars?!”. But as we previously stated, this is 100% possible. In order to wager a higher amount than the amount of bonus you received, you need to have some luck and continuously win when playing with your casino bonus.
Rules for wagering a casino bonus
Except for the wagering requirement, an online casino may also have some other bonus terms which is important to know about. Since the casino is giving you a free bonus, there are always terms and conditions that comes with it. One of these terms may be which casino games you’re allowed to play, how much you’re allowed to wager when playing with bonus funds, and how much you’re allowed to withdraw. If you do not follow the bonus terms, you may risk loosing your bonus and all the winnings attached to it.
Time restrictions means that you have to wager your bonus within a specific time frame. This is also one of the most common bonus terms, as almost every Indian casino have it. The span can be anything between 2 days up to 60 days, starting from the day you received your bonus. If you’re unable to fulfill the wagering requirement within the time restriction, your bonus may be lost.
The maximum wager rule refers to the maximum amount you are allowed to bet when playing with bonus funds. Since all games contribute differently to the wagering requirement, it’s easily mistaken that you’re allowed to bet as much as you want, but this is not true in most of the cases. Sometimes the maximum bet allowed is 5 dollars, and sometimes it’s 10% of your total balance.
At last, there are a few casinos that have implemented a rule restricting the amount players are able to withdraw when playing with bonuses or free spins winnings. Let’s say there is a maximum win of 1000 dollars for free spins. This means that you will not be able to withdraw a larger amount than 1000 dollars. However, if you have met your wagering requirement, you will still be able to continue playing for fun with the remaining funds in your account. With that being said, it’s important that you read through the bonus terms at your Indian online casino, before starting to wager your casino bonus or free spins winnings.
The best strategy for wagering casino bonuses
At BestCasinoIndia.com, we do not recommend using a strategy when converting bonus money into cash. According to the terms and conditions, it’s actually not allowed to do so. If you’re caught using certain strategies you may have your complete bonus balance confiscated. Therefore, we recommend that you find an Indian casino with fair terms and conditions, plus a low wagering requirement. We also recommend playing casino games that contribute 100% to your wagering requirement.