Wagering requirements are the minimum number of times a bonus must be played before any winnings from that bonus can be withdrawn from a casino. Take the standard New Zealand $100 welcome bonus with a 30x wagering requirement as an example. This means you can only withdraw money once you’ve wagered a total of NZ$3,000 (30 x NZ$100).
Let’s dissect it a bit further. Reaching this threshold would take 3,000 spins on a slot machine with a New Zealand dollar bet. For table games, you must play 300 hands at a stake of NZ$10 for each hand.
However, the rarest of all casino bonuses is the one that doesn’t need any wagering. If no wagering requirements exist, you may withdraw any money you earn while utilizing the bonus immediately.
Casinos shy away from them because of the increased risk they pose, but players love them for obvious reasons. To stand out in today’s crowded gaming market, casinos increasingly offer no deposit bonuses that don’t need gamers to make a deposit.
The minimum deposit is the lowest sum of money required to claim a certain bonus. The minimum deposit requirement is the minimum amount a player must deposit into their casino account before receiving a bonus.
A casino may advertise a 100% bonus on deposits up to NZ$200 but stipulate that players must first deposit at least NZ$20. A deposit of less than NZ$20 will not qualify for the bonus.
Some casino games may not count toward the required wager. This is because players have a better chance of coming out on top when playing games like blackjack and roulette, which have a smaller house edge.
Slot machines always count for the whole requirement, but other games like poker and blackjack could only count for a fraction. When fulfilling bonus conditions, it’s crucial to verify which games count.
The percentage each game contributes varies according to the house advantage. A common breakdown looks like this:
|Game Type||Contribution %|
If you spend $100 on slots, for instance, $100 will fulfill the wagering requirement. However, a NZ$100 wager would only contribute NZ$10 when playing blackjack. Recognizing these distinctions is essential for processing bonuses effectively.
Bet Size Limits
To prevent players from abusing the system and fast satisfying wagering requirements, most casino bonuses impose maximum bet sizes. These restrictions limit the total amount that may be wagered in any one round or spin. Some casinos impose limits when playing with free money, such as a maximum bet of NZ$5 per spin.
The main goal here is to keep players engaged for longer periods, which benefits the casino financially. Players who exceed these limitations will have their bonuses and any profits from them nullified.
Maximum Win Limit
There is a limit on how much you can win with your bonus money. If you win more than that, you’ll have to give it back. If a bonus has a win maximum of NZ$500 and you win NZ$700, you may only withdraw NZ$500.
The casino may avoid catastrophic losses by instituting such limits, particularly for large bonuses. If you want to play within reasonable bounds, check these out first.
Casino bonuses are not permanent. They have time limits on them. There is usually a time limit on how long you have to utilize a bonus and meet any wagering requirements, and this is true for free spins, deposit bonuses, and no deposit bonuses.
Some free spins offers expire within 24 hours, while bigger deposit bonuses might last up to 30 days. The bonus and any associated wins will be forfeited if the terms are not met within the specified time frame.