One of the major perks of playing at online casinos in the Philippines is the big bonuses and promotions that they offer. However, what many new players don’t understand is the fine print. Generally, you must meet the bonus wagering requirements before you can cash out any winnings.
So, the wagering or playthrough requirements are a natural extension of online sportsbooks and casino bonuses. But what exactly is a wagering requirement? Keep on reading our complete guide and find out all about it. In addition, we’ll walk you through how they work, how to calculate them, and much more.
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What is a Wager?
The wagering requirements are the most complicated part of any casino bonus for both new and seasoned punters. To help you understand what playthrough requirements are, it is vital to know what a wager is first. So a wager, also commonly referred to as a bet has a long history, it is the amount of money you stake to win or lose. In some casinos, a wager may refer to the amount of money you play on each hand or the total of all the money you spend in a single session.
Wagering Requirements Defined
The online gambling industry in the Philippines is super competitive. So naturally, casinos use different types of incentives to attract as many customers as possible. Even though these bonus prizes are very tempting, they come with playthrough requirements. In other words, the wagering requirements are the terms and conditions you must meet before you cash out your winnings.
Of course, all bonus offers have conditions that dictate how you can claim the winnings if at all. A wagering requirement is expressed as a number with a multiplication sign – for example, 45x (times). But most importantly, remember that roll-over requirements are not standard across all casinos. Depending on the operator they might be high or low.
How Do Wagering Requirements Work?
Virtually every casino bonus nowadays comes with a unique rollover requirement. Although the requirement itself may vary, it generally works the same. Depending on the multiplier value, you’ll have to re-wager a set amount of times before you can withdraw. Let’s look at an example.
For instance, let’s say Casino X offers a welcome bonus of 100% up to $1000 plus 40 free spins on your first deposit. The minimum deposit is $10 and the bonus amount is subject to 25x wagering requirements before you can cash out. Simply put, this means that you must wager the total sum of your deposit 25 times before you withdraw. Additionally, the 40 free spins are subject to the roll-over requirement as well.
How to Calculate Wagering Requirements
It is essential to know how to calculate the wagering requirement before you claim any bonuses. Basically, all you need to do is follow this simple formula:
- Bonus Amount x Wagering Requirement = Total Bet.
Going back to our example of Casino X with a 100% welcome bonus of up to $1000 plus 40 free spins. Let’s say you deposit $50 into your account; you simply calculate the playthrough requirement as follows:
- 1000 x 25 = 25000
This is the amount of money you must wager to complete the playthrough requirements. The formula for calculating the free spins will be:
- Free Spins Winnings x Wagering Requirement
For our case, it comes out to:
- 40 x 25 = $1,000
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The Case for Wager-Free Bonuses
Many Filipino players go after wager-free casino bonuses because of the many benefits they offer. Operators commonly use this offer as a strategy to attract new customers. Here are some of the main perks of wager-free bonuses for you as a player:
- You keep 100% of whatever you win;
- You can withdraw your winnings at any time;
- Some casinos don’t even require you to deposit money;
- Access to a wide range of casino games;
- An opportunity to test the casino to see if it is good or not;
- There is no need of risking your hard-earned money;
- Wager-free bonuses tend to have more free spins than otherwise;
- There is no maximum winning limit cap.
Benefits of Low Wagering Casino Bonuses
There are many reasons why punters in the Philippines are always looking for low-wagering casino bonuses. Most of them have wagering requirements, usually ranging between 1 and 25x the bonus. The benefits are undeniable:
- They help new players to familiarize themselves with games;
- You don’t risk a lot of money;
- It’s easy to turn bonus funds into real money;
- Withdrawing your bonus winnings is fast since there are low wagering requirements;
- Stakes are generally low;
- Relatively higher returns.
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Is it Possible to Avoid or Beat Wagering Requirements?
When it comes to playing casino games online, eventually you’ll have to deal with playthrough requirements. But you don’t have to worry about them anymore – our tips and tricks will help you get the most:
- Pick the right type of casino game;
- Take advantage of available bonus offers;
- Read and understand the bonus fineprint;
- Find casinos with minimal wagering requirements.
It is not easy to beat the wagering requirements in a bonus. But with our tips, you can get the most out of your casino bonus and make an informed decision. We recommend that you take advantage of low wagering and wager-free bonuses to build your bankroll. However, eventually, you’ll want to explore other offers since bonuses play a vital role in your gaming experience. Check out our library of casino reviews and find out what the top online casinos in the Philippines have in store for you. All platforms we recommend have a proper license and offer games from the best providers.
Although it is hard to beat wagering requirements, you can take advantage of free bonuses, choose the right games and play at low wagering casinos.
Many casinos use wagering requirements to prevent people from abusing bonuses and promotions.
Besides the wagering requirements, you may also consider the deposit limits, bonus time frame, and cash-out limit.
Yes, the ‘no wager’ bonus. This is a bonus that is not subject to any wagering requirements at all.
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