Bonus Wagering Requirements Explained

One of the greatest advantages of playing at online casinos is that you can boost your bankroll with different forms of incentives. Many online casinos in Singapore offer bonuses and promotions as a way of attracting new players to sign up. However, it is essential to understand that these bonuses have terms and conditions that players must meet before withdrawing their winnings. 

This comprehensive article covers casino bonus wagering requirements and other terms and conditions gamblers must meet while enjoying the casino experience.

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What is a Bonus Wagering Requirements?

There are a lot of types of casino bonus offers and simply to put, a wagering or playthrough requirement is a multiplier that represents the number of times you must wager a bonus before you are eligible to withdraw your winnings. The winnings you gain while working towards the wagering are stored in a pending balance until you meet the terms of use. Please note that you cannot withdraw money from a pending balance. The wagering requirements apply from the time you activate a casino bonus. There is no way you can avoid the set wagering requirements on a bonus. 

It’s worth mentioning that online casinos set bonus wagering requirements to prevent money laundering practices. Singaporean customers can not deposit and withdraw money instantly from their accounts. Additionally, playthrough requirements prevent online idlers from abusing casino bonuses. 

Wagering Requirements

How Does It Work?

The most common question among many novices is how the wagering requirements work. A wagering requirement is simply a mutual agreement between the casino and the player. It dictates to gamblers what they must do to qualify to cash out the winnings from the bonus. 

For example, let’s say a casino is offering a welcome bonus with 45x wagering requirements. It means that you must bet your bonus 45 times before you can cash out your winnings. Since free spins bonuses are not offered in cash form, the wagering multiplier only applies to the winnings that you receive.

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How to Calculate Wagering Requirements

The method of calculating wagering requirements is pretty simple. Players are only required to enter figures to use the formula. 

Total Bet = (Bonus Amount) x (Wagering Requirement)

For instance, your deposit is $100 and you get a match deposit bonus of $100 with a wagering requirement of 45 times. 

The formula for getting the total bet will be as follows:

($100) x (45) = $4500

However, if you come across a casino with a sticky bonus, the formula for getting the total bet changes. It will be as follows:

(Bonus Amount) + (Initial Deposit) X (Wagering Requirement) = Total bet

In this case, the method will be as follows:

($100) + ($100) X (45) = $9,000

Though these numbers appear high, they are pretty simple to meet.

The good thing is that you can use the winnings from the casino bonus and you can beat the wagering requirements if you apply a smart strategy. Additionally, you can use an online wagering requirement calculator to reduce errors and to determine how much you must wager immediately.

Why Singaporean Players Choose Wager-Free Bonuses

Wager-free bonuses are the most sought-after offers by casino players in Singapore. These offers are usually gambler’s favorite because of the following reasons:

  • You earn 100% profit from your wagers.
  • Winnings can be cashed out at any time.
  • There is no risk of losing your money.
  • A good opportunity to test a new online casino.
  • Wager free bonuses have no withdrawal limit cap.
  • An opportunity to try out a wide range of casino games.
  • Some real money online casinos don’t require you to deposit money to get wager-free bonuses.
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Advantages of Low Wagering Casino Bonuses

There are many reasons why Singaporean players opt for low-wagering casino bonuses and promotions as well. First of all, converting the bonus into real money is pretty simple. Moreover, it’s faster to gain from the bonus winnings and the amount you risk is relatively lower. Another point worth mentioning is that the returns on this type of bonus are higher compared to other casino offers, while the betting stakes are lower.

Is it Possible to Avoid Bonus Wagering Requirements?

The truth of the matter is that there is no way individuals can avoid online casino bonus wagering requirements. The good news is that you can follow our proven tips and tricks to beat the bonus rollover requirements. These tips are:

  • Play a casino game that you understand well.
  • Always read and understand bonus terms and conditions.
  • Play at a casino with minimal wagering requirements.
  • Grab all casino bonuses and promotional offers.
  • Choose a strategy and stick to it always.

Conclusion

At this point, you understand what casino bonus wagering requirements are and how to calculate them. The secret to winning in any online casino in Singapore is to play for fun and not with a fixed mind of winning money. Moreover, you need to play at a casino that is fully licensed and protected with the latest encryption technology. We recommend that you apply the tips and strategies that we have shared in this article to maximize your chances of gaining. However, it is essential to understand that the size, variety, and terms and conditions of bonuses vary depending on the site you are using. The most essential thing is to learn how to calculate the total bet in bonus playthrough requirements.

FAQ

Of course yes. You can withdraw your winnings from the free bet bonus. All winnings that you get are credited to your account.

The secret to beating bonus wagering requirements is by playing online slot games because they have the biggest percentage towards your wager and they have a high return compared to other games.

This is the amount that you set aside for betting on games. Also, it can refer to the amount that you must wager to get winnings.

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