When you think about it, online slots seem almost too good to be true. Almost all casinos including kingcasino.com offer welcome bonuses to new players, each one more generous than the one that came before. So, what’s the catch? Wagering requirements, wagering requirements and more wagering requirements. It might be frustrating, but all bonuses have them and there is no way around them. If you are new to the online slot industry, this article aims to explain what wagering requirements are as well as how they are calculated
What Are Slot Wagering Requirements?
In a nutshell, wagering requirements mean that the bonus cannot be converted into cash instantly. Instead, you have bet your bonus or free spin wins a specified number of times before you can withdraw it. There are thus several hoops you need to jump through to be able to enjoy the bonus.
Why Do Slot Wagering Requirements Exist?
Online casinos attach wagering requirements to their bonuses to prevent that players only sign up and cash out their bonuses without playing on the website. So technically it is not free, you must invest some money as well. However, the welcome bonus does provide you with more spins and some extra playtime.
If you agree to use a bonus, you also agree to meet their requirements before being able to cash out. Different online casinos treat customers who do not comply differently, however, the most common consequence is that you will forfeit your bonus as well as any winnings that occurred as a result.
Even though wagering requirements come across as tedious and unfair, they can also be useful. It ensures that players make
They allow players to make more informed choices when it comes to picking an online casino. By first calculating the wagering requirements players will be able to see whether the casino fits with their budget. This, in turn, helps them stay in control of their gambling activity.
Calculating Slot Wagering Requirements
To clearly explain how wagering requirements should be calculated, this article will propose a fictional casino bonus. Let’s say an online casino is offering all new players a 100% deposit bonus on first deposits up to $200. You then decide that you want to get the most out of the bonus and you deposit the maximum $200. This will mean that you get a $200 bonus. However, the bonus comes with a 25x wagering requirement. So, if your bonus is $200 then you need to spend 25 times that amount before you would be able to withdraw anything. That means you would need to spend at least $5000. Now if this wagering requirement needs to be met in 30 days but you have a gambling budget of say $1500 a month, then you have a problem. You could end up signing up for a bonus that you will never see and spend a lot of your own money in the process.
It is thus very important that you read the terms and conditions of a bonus before you sign up. It will save you a lot of money and heartache.