Most online casinos in Canada nowadays offer a selection of bonuses and promotions to attract and retain players. However, these deals usually come with some terms and conditions that you should be paying attention to. For example, one such condition you will regularly encounter is bonus wagering requirements. Simply put, these are conditions you must meet before you can withdraw your cash. In this simple guide, we’ll show you the ropes, give you some tips, and teach you how to calculate your casino’s requirements.
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What Is a Wager?
Of course, starting from the basics, before we talk about wagering requirements let’s recall what is a wager. Basically, a wager is a bet you place when you play a casino game like slots or poker. In other words, this is the amount of cash you risk for the opportunity to win more. Of course, there is no guarantee that you win and you must always be prepared to lose the bet amount.
What are Wagering Requirements?
When you play at real money online casinos, you usually place a wager using your own cash. But you can also place bets using the balance from claiming casino bonuses and promotions. But unlike with regular wagers, when you bet with bonus cash you can’t withdraw your winnings right away. This is because bonuses come with a fine print and to cash out you have to meet the casino’s conditions. One of these conditions is the wagering requirements or the number of times you have to play through your winnings to qualify for withdrawal.
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How Wagering Requirements Work
Wagering requirements simply express the number of times your casino wants you to play through your bonus winnings before you withdraw. Usually, you will see these values expressed something like this – 25x, 30x, 40x, and so forth. So let us consider an example:
Let’s say you claim a no-deposit bonus with 40x wagering requirements and you win $100. In this case, for you to cash out you’d have to play through the $100 you won 40 times. Of course, this is just an example, every casino, and every bonus has different requirements.
Calculating Wagering Requirements
Actually, calculating your wagering requirements is quite simple. All you have to do is apply the formula to your particular case and do the math. Here’s the formula you should follow:
- (Bonus Amount) X (Wagering Requirement) = Total Bet
So for instance, let’s consider the example from earlier. Say you choose a 100% deposit match bonus with 40x wagering requirements and you deposit $10. Plug this into the formula and we arrive at 10x$40=$400 total bet. So, you’d have to wager a total of $400 to withdraw. Depending on the casino, the total bet value might include your original deposit.
Wager-Free Bonuses
Wagering requirements can be overwhelming but thankfully, there are a couple of options. One way to avoid the hassle of terms is conditions is to seek out a wager-free bonus. These bonus offers are a fantastic choice since they have no attached wagering conditions. Hence, players can withdraw their funds at any given time. So naturally, many players have recently switched to online casinos that have wager-free bonuses available. While these are still rather rare, they are most certainly worth it.
Low-Wagering Bonuses
While wager-free bonuses are quite difficult to come across, low-wagering casino bonuses are much more readily available. Casino bonuses with minimal wagering requirements are low-wagering bonuses. In simple terms, for you, that means that to qualify for a withdrawal with such a bonus you need to play through your wager very few times. Usually, the range for low-wagering bonuses is anywhere between 1 and 25x. This makes cashing out much simpler and faster, hence the increasing popularity of this type of promotion. It’s an excellent option both for new and seasoned players.
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How to Beat Wagering Requirements
Many Canadian players would love to beat the wagering requirements and rightfully so. Unfortunately, however, if your bonus of choice comes with wagering requirements there’s nothing you can do to change them. However, there are a few things you can do before you commit to an offer to ensure you get the most favorable conditions:
Choosing the Right Casino
Before you even register at a real money online casino in Canada, you should do your homework. Naturally, not all casinos are created equal and some have more friendly conditions than others. While one casino might offer 20x wagering requirements for a bonus, the same kind of bonus at a different site could have 50x requirements. So make sure you do your research and pick a gaming destination that overall has favorable terms. But don’t forget to check their license and reputation, too!
The Fine Print
Besides the actual wagering requirements, online casinos have plenty of other terms and conditions that make cashing out difficult. For instance, your bonus might have a time limit, maximum or minimum withdrawal limits, or a minimum deposit requirement. Make sure you’ve read all the details and find the conditions achievable before you make a deal.
Play Smart
Some casino games are more favorable than others and if you’re trying to meet wagering requirements you should choose wisely. For instance, if you have a bonus with high requirements, it’s best to opt for playing online slots. Slots rounds go quicker and you can meet the requirements faster. Moreover, the bonus might be applicable only to certain games so you might have to choose according to that. Also, some games offer better chances to win so you can actually walk away with cash by the end.
Wrapping Up
Especially for new players in Canada, the concept of wagering requirements can be overwhelming. Unfortunately, however, sooner or later you’ll have to deal with them if you want to take advantage of casino bonuses. But on the other hand, if you play your cards right you can secure yourself fairly favorable conditions. If you’re curious about which operators in Canada offer the best terms, check out our casino reviews.
FAQ
Unfortunately, there’s nothing you can do to avoid wagering requirements but you can pick the most favorable ones.
No, not all. Wager-free bonuses, for example, don’t have play-through conditions.
The range 25-40x is generally to be expected, so any values above that should be considered more carefully.
Unfortunately, no. If your bonus comes with wagering requirements you must meet them to cash out.
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