Meeting the
Play-Through on Casino Promotions
by Colby
Lewis, Strategy and Games
WriterIn keeping with the theme of our last tip regarding online casino bonuses,
the following is a more detailed explanation exactly how the
wager requirement
(play-through) applies to cashing out the bonus and how certain games contribute
different percentages of stake amounts used to meet the wager requirement.
Let's
say you have received a 100% Match Bonus of $200 - entailing you have deposited
$200 and have a total of $400 to gamble with. With an average wager requirement
of 30x, the bonus + deposit amount would have to be gambled thirty times over
before the $200 of the bonus money could be cashed out. Therefore, the full
amount needed to be played through in the casino would be $400 x 30 = $12,000.
Granted there are some online casinos that will allow players to cash out
portions of the bonus as the wager requirement is steadily met.
Using our above
example, if you had reached the point of gambling $6,000 of your original
deposit and bonus money, you would be halfway to the point of meeting the entire
wager requirement. Therefore, at a pro-rated value, you should be able to cash
out half your bonus ($100) which some casinos will let you do, but at the cost
of forfeiting the remainder of your bonus.
In regards to game specific
conditions of the bonus, these too will effect the rate at which the bonus wager
requirement is being met. For example, let us say that in the terms and
conditions of the bonus, slots count 100% towards meeting the wager requirement.
That means for every $1 bet on the slot machines, $1 goes toward meeting the
wager requirement. Our above example of playing through $12,000 corresponds to
games which count 100% towards meeting the 30x wager requirement.
For other
games that have a lower House Edge, they will contribute a smaller percentage to
the play through and will therefore require the player to gamble more money. For
instance, let's say the game of roulette counts 50% towards meeting the wager
requirement. Therefore, if $12,000 corresponds to a 100% play-through rate, it
would take $24,000 (twice as much) in roulette bets, which contribute 50% to the
play-through.
Most online casinos offer bonus accounts to players, which automatically
tabulate how much of the wager requirement is being met. The software
automatically calculates the percentage of bet amounts going towards the wager
requirement depending on the game being played. Players can normally view the
status of their bonus redemption at any time and get a good approximation as to
when they will be able to cash out the full amount and truly get their hands on
"free" bonus money.
Additional Tips and
Information About Casino Bonuses:
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