Getting a bonus from an online casino is super exciting, but it's important to know the terms that come with it. One of the main things you need to check is the wagering requirements. Let’s make it easy to understand - keep reading for simplified breakdown.
What Are Wagering Requirements?
Wagering requirements are the amount of money you need to bet before you can cash out any winnings from a bonus. It's a playthrough rule that the casino sets. For example, if you get a R1 000 bonus with a 10x wagering requirement, you’ll need to bet R10 000 before you can cash out your bonus winnings.
Why Do Casinos Have Wagering Requirements?
Casinos use wagering requirements to ensure players don’t just take the bonus money and leave. These requirements encourage players to stick around and play, ensuring fairness for both the player and the casino. They also enable casinos to offer larger bonuses, knowing players will need to play for a while before cashing out.
Understanding Wagering Requirements at Popular South African Casinos
Betway
At Betway, the welcome bonus for sports betting is straightforward. When you make your first deposit (up to R1 000), Betway matches it. However, you need to wager the deposit amount three times on bets with odds of 3.0 or higher within 30 days. For example, if you deposit R500, you need to place bets totaling R1 500 at those odds to unlock your R500 bonus.
For casino games, it's a bit different. If you get a R2 000 bonus, you'll need to wager it 30 times on certain games before you can withdraw any winnings. While this means you'll need to place bets totaling R60 000, you can achieve this gradually by playing games that count fully towards this requirement, making it more manageable and enjoyable.
Hollywoodbets
Hollywoodbets gives you a no-deposit welcome bonus of R25 and throws in 50 free spins. To use the bonus, just bet the R25 on markets with odds of 0.50 (5/10) or higher. Here’s the best part: you only need to wager the bonus amount once before you can withdraw any winnings. Plus, the 50 free spins are for selected Habanero games, and any winnings from these spins can be used to play more games.
Tips for Navigating Wagering Requirements
Read the Fine Print
Always read the terms and conditions before grabbing any bonus. It helps you know the specific wagering requirements and avoid any surprises.
Focus on Game Contributions
See which games count the most towards meeting the wagering requirements. Slots usually count fully, so they're great for speeding things up.
Watch the Clock
Keep an eye on time limits. Some casinos give you a deadline, like 30 days, to meet the requirements.
Bet Smart
Pick games where you can bet more to meet the requirements faster.
Plan Your Play
Strategise your bets to make progress on those requirements.
Making the Most of Your Casino Bonuses
Wagering requirements are standard with online casino bonuses. By understanding how they work at popular South African casinos like Betway and Hollywoodbets, you can handle them well. Read the terms, focus on games that help most, and plan your bets smartly. Armed with this knowledge, you can make the most of bonuses and maybe even cash out some real winnings!