The first thing that a person is interested in in online gambling is the ability to play for real money and the bonus system of the non GamStop uk sites. Of course, who doesn’t want big winnings in euros, preferably at the expense of the gambling site itself? However, many people forget that online casinos are not charities and you have to pay for everything.
Each bonus at non GamStop casinos has its own wagering requirements, each deposit has its own withdrawal requirement. One of the most important elements of these conditions is the wagering requirements. This requirement must be met correctly to get the most out of the bonus money, free spins and to quickly withdraw your winnings to your card or bank account.
I suggest finding out what the wagering requirements are, why players need them and why gambling sites use them to unlock bonuses and deposits.
What Are the Wagering Requirements?
The wagering requirements are the amount the player must wager to meet the bonus requirements and successfully withdraw. The amount itself is not expressed in euros but in odds and can vary from 1 to 50 or more. For example, if the wagering requirements are 30 and the bonus is €100, the player must wager €3,000. If the wagering requirement is 35, the total amount of bets on the same bonus will be 3,500.
On average, the best non GamStop casinos set the bonus wagering requirements at 20-40, deposit equal to 1. This is considered perfectly acceptable wagering requirements. By comparison, offshore gaming sites may set the wagering requirements for a bonus at 50, 60 or even 90, while the deposit requirement may be 5 or even 10. Let’s understand why players need wagering requirements and why online casinos have such a requirement.
Why the Wagering Requirements for Non GamStop Casino Players?
If a gambling site gives you 100 euros, that doesn’t mean you can withdraw it straight away – that money is not credited to your main balance, but to your bonus account. You can use these 100 euros to gamble, and the winnings will be very real. However, all gambling winnings go to the same account from which you take the bonus euros and remain there until you clear them.
The player must first and foremost meet the wagering requirements to unblock won money, transfer it to a real balance and from there to a card or bank account. Otherwise, playing for bonuses simply loses its meaning, and the online casino rewards are of no use. It is important that the player can get this money in the real world, so non GamStop casinos do not make unattainable demands.
The second point to mention is that meeting the wagering requirements determines whether you can withdraw winnings made with your own money (not bonus money). The fact is that many online casinos impose a requirement to wager the deposit amount 1 time before requesting a withdrawal, otherwise you will have to pay a commission and lose part of your money. In some cases it is not possible to make a withdrawal at all without meeting the wagering requirements, and believe me, the operators have very good reasons for this.
Why Do Online Casinos Impose Wagering Requirements?
Non GamStop casinos have a number of compelling arguments to justify the use of wagering requirements:
- Profitability. If a gambling site simply gives away $100 to every player, it will ruin the gambling industry. It would essentially be a charity event – come, get your money, put it on your card, and go to the next online casino. Of course, there will still be people who spend money on gambling, but there will always be more lovers of easy wins.
- Wrestle with bonus fighters. There are people who try to play only on bonuses and use their money to the minimum. This is not only detrimental to the operator, but also to other gamblers. If one person wins at the casino, hundreds of others lose. And if they win with the operator’s money, they usually lose with their own money, which is a bit outside the ethical bounds of fair play.
- Increasing the playing time. Online casinos have an interest in someone playing for several hours instead of 5 minutes, because playing time directly affects profits. Therefore, there is no point in giving a bonus that will be used in a few spins, it is better to give more money, but with certain wagering requirements, which will increase the number of bets needed to bet and the play session will last longer.
- The fight against money laundering. The deposit wagering requirements – the obligation to wager the amount deposited into a gambling account – serve this purpose. It was through gambling that billions of euros were once laundered – a fraudster simply deposited money into the balance of a gambling site and withdrew it after a while, declaring the earnings under the guise of a perfect profit. By the way, this is not even a whim of online casinos – it is a requirement of regulatory authorities as part of the prevention of such illegal activities.
As you can see, the wagering requirements of online casinos are more than justified. All players need to do is understand the wagering requirements and follow them wisely so that they can win in a very realistic way at the expense of the online casino’s money.
Types of Wagering Requirements
The type of wagering requirements depends on what money is subject to the ratio. In today’s non GamStop casinos, wagering requirements can apply to the deposit amount, the bonus amount, both amounts or just the money won with the bonus. Let’s take a closer look at what each type of wagering requirements entails to understand which one is most beneficial to the player.
Wagering Requirements for a Deposit
These wagering requirements are set out in the non GamStop casino terms & conditions, in the withdrawal section. With most providers the stake is no higher than 1, and it is applied to prevent money laundering and financial terrorism. This withdrawal requirement means that the player must use the entire deposit to play the game. If you make a deposit of €100, make sure you bet the same amount – only then can you request a withdrawal.
Wagering Requirements on the Bonus Amount
These wagering requirements are clearly stated in the bonus conditions and do not need to be looked up in the regulations of the gambling site. In this case, the wagering requirements only apply to the bonus amount received. For example:
- Wagering requirements 30;
- The bonus is 100% of the deposit amount;
- The deposit is 50 euros;
- You have a total of 100 euros in your account;
- The bet amount is €1,500 (€50 x30).
The deposit amount is not included in these calculations, it will be the wagering requirements of 1.
Wagering Requirements on bonus and deposit
Some online casinos offer seemingly minimal wagering requirements. For example, the wagering requirements are 20, which is considerably less than 30. However, the bonus conditions clearly state that the wagering requirements apply to the bonus and the deposit at the same time. In practice it looks like this:
- Wagering requirements 20;
- 100% deposit bonus;
- Deposit of 50 euros;
- You now have 100 euros to play with;
- The bet amount will be €2,000 – (€50 + €50) x 20.
As you can see, with smaller wagering requirements the bet amount is larger, which is not really beneficial for the player.