Wagers in online casinos
When you decide to begin your online casino adventure, you may not know which online casino to start with. That's why Lucky7Bonus was created, to offer you the best sites available on the online casino market.
As you can see from the site's interface, there are many different online casinos to choose from, each offering different welcome offers. These offers have one thing in common: wagers.
From welcome bonuses with wagers to welcome bonuses without wagers, online casinos offer everything to attract you.
For those of you who don't know what a wager is, how to increase your chances of getting one if you do, and even the things to avoid when making one, the team of experts here at Lucky7Bonus will provide you with the key explanations to understanding this system.
What is a wager?
So, what is wagering? It's a question that many people in the online casino world ask themselves.
A wager is very simple to understand: if you opt for a welcome bonus with a wager, then you'll need to complete the wager before you can withdraw all your winnings. It's as simple as that: the wager is the condition that must be met before you can withdraw your potential winnings. So, if you don't complete your wager, you won't be able to withdraw your money.
The wager is a condition set by the online casino you're playing at. For example, in the vast majority of cases, the wager is present in the following offers:
Promotions
Welcome Bonus
Please note that you can cancel your wager at any time by cancelling your current offer. Be sure to read the terms and conditions of each current bonus/promotion. This is because, depending on the online casino, cancelling your withdrawal does not result in the same loss of money.
There are different types of wagers:
Like welcome bonuses, there are also many different wagers. Lucky7Bonus has decided to list the three most common wagers in the casino world.
Wager only on the bonus:
At some online casinos, as soon as you deposit money by taking the welcome bonus, you will have to make a wager. On some gaming platforms, the wager is made only on your bonus balance. In other words, you can cancel your welcome bonus at any time and withdraw the money you have in your account.
If you deposit $100 and the welcome bonus offers you $200, then you'll have to wager this $200. If the wager is x40, you'll need to wager the following:
40 x 200 = $8,000 before you can withdraw your winnings from your BONUS balance. As explained a few lines ago, winnings on your CASH account can be withdrawn at any time.
You can find this type of wager at the following casinos:
Wager on deposit amount + bonus amount
The second type of wager implemented by some online casinos is the wager on deposit amount + bonus amount. Simply put, you must wager, for example, 30 times the amount you have in your account to be able to withdraw your winnings after making the deposit.
Still a little unclear? Here's an example to help you understand:
You deposit $100 and the welcome offer gives you another $100. You now have $200. To find out how much you need to play before withdrawing your winnings, you need to make the following calculation:
$200 x 30 (as your wager is 30 in our example) = $6,000. You'll need to play a total of $6,000 before withdrawing your money.
Of course, this amount differs according to your deposit and the wager required by the casino.
If you like this type of wager, Lucky7Bonus suggests the following two casinos:
No wager
The final type of wager in the online casino world is... no wager at all. In fact, when you deposit money, you don't have to complete any wager. You can withdraw the money you win at any time. Any winnings above the deposit amount can be withdrawn. This technology is available at the following online casino:
How does wagering work?
For some people who are new to the world of online casinos, it may be difficult to understand how wagering works. However, the wager calculation is actually very simple to understand.
Wager is calculated solely on your bets
In fact, wagers are calculated solely on your bets. This means that the money you win during your gaming session does not enter into the wager calculation at all.
But how is it calculated? It's very simple. Let's say you need to make a wager of $1,000. If you decide to play on a slot machine with $1 spins, each spin will count as 0.10% of the wager. After 1,000 $1 spins (= $1,000), you'll have completed your wager. Depending on the amount you play, your wager will progress more or less quickly.
Just be sure to respect the betting limits.
Your wager evolves differently depending on what you play
Please note, however, that depending on what you play, your wager will not count in the same way.
At some online casinos, playing live counts as 100% of your wager. In other words, if you play $1 live, it will count as 100% of your wager. But some online casinos don't count live games at 100% of the wager. In other words, if you play $1 blackjack at a casino that only counts the BJ at 5%, then the $1 will only count as a $0.05 bet in the wager.
On the vast majority of gaming platforms, slot machine bets count at 100% of the stake. However, it is always advisable to read the terms and conditions of each casino before registering and/or depositing money.
Wagering rules
If you decide to sign up at an online casino and take advantage of the welcome offer, there are a few rules you'll need to pay attention to. Even if the online casino "offers" you money for your arrival, you'll still have to meet certain expectations on their part.
Wagering, excluded slots, online games, hunt bonuses... you'll need to read the terms and conditions of each bonus. Each online casino has its own rules/conditions for wagering. So, we strongly advise you to read each bonus condition carefully.
If you win money with the welcome bonus and wish to withdraw it, the casino may refuse your request if you have not complied with these rules.
Certain slots are excluded
Lucky7Bonus would like to remind you that as soon as you register your player account with an online casino, you should take the time to read the terms and conditions of this offer.
At some online casinos, certain slot machines are excluded, and only certain slots will be eligible for that particular promotional offer. In other words, if during your bonus you bet money on a slot machine that is excluded by the casino ONLY during the welcome bonus, then it is entirely possible that the casino will deny you a potential withdrawal.
Lucky7Bonus can't stress this enough: pay attention to the rules set by online casinos.
Respect wagering limits
Just as certain slot machines and/or live games are excluded when you take advantage of the welcome offer, you must also respect wagering limits. In fact, the vast majority of online casinos don't want players to wager more than $5 per game round.
So, if you're playing live or on slots, a bet over 5$ could cancel a potential withdrawal.
Lucky7Bonus provides you with the wagering requirements of each online casino. In fact, if you choose to register with an online casino that is present on the site, you'll find all the wagering conditions in the little blue tab with an "i" icon.
Which slots offer wagering?
There are several ways to play a wager.
You can look for a balance boost, i.e. go for a highly volatile slot machine that can significantly increase your balance. However, keep in mind that these are slots that can also take your money very quickly.
Lucky7Bonus offers you three slot machine games that can help you, if you're lucky, to increase your balance significantly:
If you'd like to know more about the world's most volatile slot machines and those with the biggest multipliers, Lucky7Bonus has written an article on the subject. To discover what this entails, click here.
In addition to this, there's also a "softer" way to achieve your wager, and that's to play on less volatile slots with a higher-than-average RTP.
However, it's important to remember that no "technique" is more likely to succeed than another. As online casinos are completely random, it's impossible to know in advance which "technique" will help you more than another.
Another very important thing to consider when making a wager is bankroll management. Indeed, managing your balance will be the most important aspect that will increase your chances of getting close to the end of the wager.
If you'd like to find out more about bankroll management, Lucky7Bonus has written an article on the subject which you can find by clicking here.
Ready to play with real money ?
We have selected a bunch of the best casinos you can find online where you can play this game using real money!
Play any slots for free
If you want to see what kind of other slots providers exists, you may check these one for sure!
Join the Lucky7Bonus' VIP
Fill in the form below with your email address to get new bonuses!
This site is protected by reCAPTCHA, under Google's Privacy policy and Terms of service.
Related news
Looking for other similar news? Find all the latest news around the casino and gambling world
