Casino Wagering Requirements Explained » How to Convert a Casino Bonus 🎰


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How to complete casino bonus wagering requirements Most players at online casinos love getting a   bonus. After all, you get a chance to win without  risking too much of your own money – what could be   better, right? But, as most of you probably know,  wagering requirements come with most bonuses,   and these have to be completed before , you can actually withdraw what you win. Whether you’ll manage to complete this  requirement or not is for the most part   up to luck, but there are some tricks as to how , to increase the likelihood of success that the   casino experts at GoodLuckMate have shared with  me, and I, of course, will now share with you! Before I get started, I’d like to take a moment . and explain some basics about bonuses and their   terms. The first thing you should be aware  of is that there are a multitude of different   bonuses available at online casinos, and the  same goes for the terms connected to them. The terms are what determines , if a bonus is any good or not,   because these are what decides if and when you can  cash out your winnings. So, when choosing a bonus,   don’t just look at the percentage of extra money . or the amount of cash or free spins you can get,   also take some time to understand what is required , before you can withdraw winnings from the casino. The wagering requirement is often , the only thing most players look at,   if they look at all, but you should also be . checking the terms to see if there are any   max bets, excluded games or anything else , that dictates what and how you can play. If the cashout amount is capped or not is , also important to know. As a general rule,   if a casino caps your winnings from a bonus . in any way, you should consider finding   another casino to play at. As for the wagering . requirement, well, let’s dive into that now. Wagering is what you bet. It has , nothing at all to do with winnings,   as that’s a separate thing entirely. But, to be  able to wager through a bonus requirement, you’ll   need to win. This is because the wagering will, , usually, be higher than the bonus amount you get.   Casinos can make up any kind of system they want , for wagering requirements connected to a bonus,   but there are two main types  that are considered standard: Wager the bonus: If you’re required to wager . only your bonus, that means that whatever amount   of “real” money you have at the casino is not a  part of the wagering requirement. You’ll usually   have to first play with your real money before . you can start playing with the bonus you have. In other words, you’ll need to lose your real . money before you can start benefiting from your   bonus money. This is also why these bonuses . are often called “second-chance bonuses,”   because they give you a new chance to win , if you’re unlucky with your own money.  The industry standard for this version of wagering ,


requirement is 35x your bonus. If you get a €100   bonus you need to wager €3,500 before the , bonus money is converted into real money   that you can then withdraw. But again, this can . only be done after you have lost your real money. Wager bonus and deposit: If you need to  wager both your bonus and the money you   deposit yourself then you’ll usually start . the wagering towards the bonus straight away.   You’ll be playing with both real money and  bonus money at the same time, and the split is   equal to the percentage you got as a bonus. If you . got a 100% bonus and bet €2 on a spin of a slot,   then you’re really betting €1 real money and  €1 bonus money. If you win from this spin,   the payout will again be split between real and , bonus according to the same percentage as the bet. The industry standard for this version of wagering . requirement is 30x your bonus and deposit.   If you get a €100 bonus from a 100%  deposit offer, you need to wager €6000   before the bonus money is converted into  real money that you can then withdraw. But, at most casinos, you can choose to make  a withdrawal at any point during your wagering   with this type of bonus, however, you’ll only  be able to withdraw what you have in real   money. You will forfeit everything in your bonus , balance unless you first complete the wagering. As you can see from the examples with wagering,  it can seem that it’s much better to get a bonus   where only the bonus needs to be wagered, as  the total amount you need to wager is less.   That’s not always the case, though, because of the  fact that you need to lose your own money first. In many cases, the other option where you need . to wager both is just as good, or even better,   depending on the percentage you , get as a bonus. As a rule of thumb,   if you get less than 100% as a bonus , it’s better to only wager the bonus,   but if you get more than 100% as a bonus both the  versions above are equally good, or bad depending   on how you want to see the terms… Now. Let’s get , to the interesting part - how to increase your   chances of completing the wagering you need to , get through to cash out winnings from your bonus. I mentioned that wagering doesn’t , have anything to do with winnings,   but to be able to wager something like €3,500 . from a bonus of €100, you obviously have to   win while playing. Basically, you need to . win enough to be able to keep on playing. The most sure-fire way to do this is  by playing a game with low volatility.   In these games, you’ll win often, although you  might not hit big wins. With lots of frequent,   but small wins, your balance , will not be all that volatile,   and chances are that you can keep on  playing for hours with the money you have. You should also keep the bets per game round , fairly low. Not only because casinos often   have a max bet that you’re allowed ,


to play with while wagering a bonus,   but also because a smaller bet . will keep you in play longer. The worst thing you can do, even if the  casinos allow it, is bet a high percentage   of your balance on each bet. If you hit a , losing streak you’ll deplete your balance,   and thus not complete the wagering. Ideally, don’t . bet more than 0.5% or 1% of your balance per spin. I say “spin,” but it goes for any  type of game, not just slots. However,   not all casinos will allow you to wager a . casino bonus on anything other than slots,   and even if they do, you should stick to slots. If casinos allow you to wager through your , bonus on other games, such as table games   or even within their live casino, the wagering . contribution is usually very low for these games.   That means that only a small percentage of your , bet will actually count towards the wagering. A €5 bet on blackjack might only . contribute with €0.50 towards the wagering,   which means it will take a very long time . to get through all the wagering you need.   Certain types of bets or progressive  strategies might also be disallowed. Some slots also contribute less than others,  but for the most part, slot bets do have a   100% contribution. Just make sure that you check  which slots are excluded from play with a bonus.   Usually, that will be progressive . slots and sometimes also jackpot slots. Long story short, to have the best possible chance  to play through any type of wagering requirement,   play slots with low volatility with a low , bet. Once the wagering needed is completed,   you can go ahead and request a . withdrawal, or simply keep on playing.   At that stage, you can of . course play whatever you want,   with whichever bets and volatility you  prefer, as it’s then your real money. It’s only before the bonus money is . converted into real money that you   need to make sure to not breach any of the , bonus terms. Because, if you breach them,   the casino might take your winnings  and you thus forfeit the whole bonus. Choosing the right bonus, with the right terms, , is very important. Make sure that the bonus and   its terms are in line with how you want to play  and what you want to play. On the GoodLuckMate   website, you’ll find thousands of different  bonuses available for players around the world,   so chances are that you can get a . bonus that’s the perfect fit for you! If you enjoyed this video, stay tuned for , more industry-related news, casino reviews,   as well as tips and tricks. The best way , to stay informed, of course, is to like   this video and subscribe to our channel. We are , adding new content daily at GoodLuckMate.com,   so be sure to click the link in our description. . And remember, always play responsibly!

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