Online Casino Wagering Requirements Terms Guide
With the iGaming marketplace becoming so competitive, it doesn't come as a surprise that betting operators in Canada use clever tactics to lure new players their way with good wagering requirements and bonus terms. The marketing ploys include generous signup offers, which come with a host of freebies such as cash bonuses, free spins, free bets, free promo codes/ vouchers, and so on.
The promos go a long way toward helping new and existing players win easily; however, these are always tied to certain terms and conditions that must be observed known as wagering requirements. The guide explains everything you need to know about this very essential rule.
What are Wagering Requirements?
Sometimes referred to as playthrough or rollover requirements, they are essentially the hoops that come with Canadian online casino promotions, which you'll have to jump to get your hands on an offer and any winnings from it - They state how much a player must stake in order to cashout their profits.
Completing the rollover will turn your winnings into cashable funds; however, if you attempt to make a withdrawal before fulfilling the set playthrough prerequisites, your earning will be forfeited.
How Do They Work?
This is the other part that needs your attention as it's essential in picking a new 2021 Canadian bonus coupon that's useful for your gaming needs. It's also where the math comes in; there are a couple of factors, however, that determine how you calculate the bonus playthrough. Firstly, it depends on whether or not your promo is a free spins deal or a deposit match offer. Secondly, it matters if the deposit amount is included or excluded from the terms.
See the following examples for a clearer picture - you've been given a 50 complimentary spins promotion with 20x playthrough and you win $10. You should wager your winnings a total of $200 i.e (20x10 free spins wins).
A second example - if you claim a $50 free cash award with a 30x rollover on bonus only, you'll have to wager a total of $1,500 i.e (30x 50 bonus cash).
Note that these particular terms vary from one game site to another, which is why you must always read and understand them before claiming an offer in the best Canadaian online casinos.
Why Do Wagering Requirements Exist?
Although the requirements are many casino players' nuisance, these rules aren't there so that betting operators can squeeze more money out of you. They are in fact, put in place due to an operator's need to comply with what's known as anti-money laundering regulations.
This creates a safe gambling environment for everyone - casinos and players alike as it discourages criminal activities.
How to Beat Playthrough Prerequisites
Now that you know what rollover terms are, you perhaps want to learn how to beat them easily. These are not tricks, rather they're important tips:
- Choose a Low or Free-Wager Promotion: It's basically a Canadian casino bonus that doesn't have any of the rollover red tape; however, if it does, they're quite low (anything below 20x is considered low wager).
- Play the Right Games: In order to successfully complete these promotions' playthrough terms, you must play the eligible games only.
- Read the Fine Print: Lastly, make sure you read and understand what's in the T&Cs.