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How to calculate the wagering requirements for all online casinos bonus and promotions
Whether you’re an expert online casino player or a beginner, it’s important to understand the wagering requirements that require you to wager a certain number of times your bonus, or bonus + deposit, before you can cash out your bonus winnings. This casino calculator will tell you exactly how much you need to wager. Try it now!
We developed this simple casino calculator that can help you see exactly how much bonus money you can receive from different online casinos, and how much you will need to wager in order to cash it out because, as you will have understood, you can’t just sign up to an online casino, receive a bonus and cash out the winnings immediately. Well, there are no wagering casinos, but you won’t receive the same type of bonus. For example, PlayOJO welcomes you with 50 free spins on your first deposit with no wagering requirements. In other words, the winnings generated by the free spins can be cashed out immediately.
Why would you need a casino calculator?
Playing in an online casino is a lot of fun and good entertainment. To make your playtime as long as possible and to give you an incentive to try out and play at a specific online casino, the casino operators offer you many different promotions where you can get bonus money to play with. Many players appreciate these casino promotions and make use of them regularly.
However, the bonus money is not free money as such, it is usually tied to wagering conditions that must be met before you can cash out any winnings derived from the bonus. It is important that you make yourself familiar with what exactly the wagering requirements for bonuses are and how they work, this is a point that I regularly insist on through the different pages of FeedBACK Casino and the whole point of this casino calculator.
The wagering usually means that you have to play the bonus amount a certain number of times before the remaining money is converted into real cash. It is important to compare the wagering requirements of different casinos before you play with bonus money, as they can be very high in some places and much lower in others.
It is therefore important to use the casino calculator to calculate the value of each online casino bonus to ensure that the wagering requirements are not excessive and that it can be withdrawn.
With our online casino bonus money calculator above, there’s no need to think about a bonus offer. Use it and you’ll know how much the wagering requirements for a particular bonus are.
Bonus wagering conditions in online casinos
We have already stated this in the introduction, but it is worth repeating: it is very important that you read the bonus terms and conditions before playing with bonus money! The terms give you information about the wagering requirements of the bonus if receiving the bonus is tied to a deposit or not, how much the actual bonus is, how winnings from free spins are credited, which games you can play with the bonus money or if there are any withdrawal limits, for example. Depending on the type of bonus, these conditions can vary significantly, and it is important that you know exactly how to use the bonus to make the most of it.
How online casino bonuses work
Before you can play with bonus money it is important to find out how you can get the bonus, as some casinos follow different systems. Some casinos credit the bonuses directly after you have made a deposit, and if you do not wish to play with bonus money you have to tell the customer support to remove the bonus. Some other casinos require you to tick a box when making the deposit, and it is also not uncommon that you have to enter a bonus code to receive the bonus.
The wagering requirements
Each bonus can have different terms and conditions attached to it that you need to make yourself familiar with when playing with the bonus money, as it is important to know when you are able to cash it out. The bonus wagering conditions are by far the most important aspect that you need to keep in mind when playing with bonus money. The wagering means that you need to play the money a certain number of times, usually between 30 and 40 times, before you are able to withdraw any remaining winnings.
It is also important to know if it is just the bonus amount that you need to wager or the bonus and the deposit, as it can make a significant difference in how much you have to wager. Some casinos even go that far and offer you wagering requirements of just once, which means that you have to play the bonus through and you can keep the winnings. However, this type of bonus is very rare.
Most online casinos also impose rules were certain games contribute different amounts to the wagering requirements. Games with a lower house edge, such as table games, blackjack, video poker or some other instant games often contribute much less to the wagering requirements than slot machines. It is usually just the video slots that contribute 100% to the wagering requirements, which means that every 1€ you spend will count as 1€ towards the wagering. If a game is valued only 10%, every 1€ that you play will be counted as 0.10€ towards the wagering requirements and this makes it more difficult to fulfil the wagering requirements, as slot machines are a lot more random with the outcome than a table game, such as roulette where you would be able to play the even chances bets.
As you can see, it is important to compare the bonuses and the wagering conditions, as the amount you have to wager gives you an indication of whether or not it is realistic to fulfil the wagering requirements and withdraw any winnings. The higher the amount to wager, the more difficult it is to fulfil the wagering requirements.
Should I play with bonus money?
By reading the above, you might ask yourself the question Why should I play with bonus money, if the wagering conditions are very difficult to meet? Well, bonus money is free money from the casino that allows you to play longer and get another chance to pocket a larger amount of money, as you can play longer and get more chances. However, if there were no bonus wagering requirements, or if they were very easy to fulfil, the casinos would need to shut down very soon.
Some online casinos also offer you free bonus money, often after you have registered a new account, and this can come in the form of free spins or smaller amount of money that you can play with. The wagering conditions for these types of bonuses are usually much harsher than for the other promotions, and it is often impossible to cash at any winnings at all. However, this money gives you the opportunity to take a look at the casino and what it has to offer, and play the games with real money without any obligation of making a deposit.
How to use the casino calculator?
To see how much you need to wager in order to fulfil the bonus wagering requirements you can use the casino calculator above.
Simply enter the amount you wish to deposit, how much the bonus percentage is, and what the wagering requirements are, and you can see how much you have to play for before you are able to withdraw any remaining winnings. You can use this wager calculator as a valuable tool to make the most of your games at the casinos.
I have made this wagering requirements calculator fairly easy to use. But if you don’t understand what the different fields mean, here is a detailed explanation:
- Currency: this is just to help you understand the calculation in your currency, it does not affect the calculation;
- Deposit Amount: the amount of real money you deposit at an online casino site;
- Bonus Percentage: the percentage by which a casino will match your deposit with bonus money;
- Bonus Limit: the maximum amount offered by the online casino. It is always clearly stated in the offer with the words “up to”. For example: 100% up to £200;
- Wagering multiple: this is the number of times you must wager the bonus amount, or bonus + deposit, before you can cash out your winnings;
- Wagering type: the wagering requirements are for the bonus only or the bonus + deposit. If your bonus and deposit funds are separate, it usually means that you are free to withdraw your original deposit at any time. Otherwise you must play your entire balance (not all at once of course);
- Game Contribution Percentage: this is the percentage that certain casino games contribute towards wagering requirements. Slots usually count at 100%, roulette at 50%, and only 10% for other table games such as blackjack and video poker as these are high return games.
Once the casino calculator fields have been filled in correctly, you will get the result which breaks down as follows:
- Free money offered: this is the amount of money the casino will give you in addition to your deposit based on the bonus percentage and the bonus limit;
- Total money to play: this is the total amount of your deposit and bonus that you can play with;
- Wagering amount: that’s what this casino calculator is all about! This is the amount you must wager against your bonus or bonus + deposit, before you can withdraw any money.
Summary – What you need to keep in mind
- Read the bonus terms before playing: what are the bonus wagering conditions?
- Find out how many times you have to play the bonus money through
- Find out how much money you have to play through (bonus or bonus plus deposit)
- Find out which games are best to play with bonus money and how much they contribute
- Find out if there are any bonus limits and other restrictions (such as payment methods for deposit/withdrawal)
- Use the FeedBACK Casino Calculator to find out how much you have to play
In any case, if you are uncertain about the terms of the specific bonus at an online casino you can contact customer support and ask them for more information.
How does a casino bonus calculator work?
A casino bonus calculator allows players to input the bonus amount and wagering requirements to determine the total amount that needs to be wagered to clear the bonus.
Does a casino bonus calculator consider different game weightings?
Yes, a good casino bonus calculator will factor in the varying contribution percentages of different game types towards meeting wagering requirements.
Can a casino bonus calculator help players understand the true value of a bonus offer?
Absolutely, a casino bonus calculator can help players assess the true cost and potential value of a bonus by showing the total amount that needs to be wagered to clear it.
Is using a casino bonus calculator recommended before claiming a bonus?
Yes, using a casino bonus calculator is highly recommended to ensure players fully understand the terms and conditions of a bonus before claiming it.
