Wager Casino Definition
Gambling is the wagering of money or something of value on an event with an uncertain outcome, with the primary intent of winning money or material goods. Gambling thus requires three elements to be present: consideration, risk, and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are. Casino wagering requirements and the wagering system were designed to protect casinos from the smooth withdrawal of bonuses and, consequently, significant financial losses. A wager bet is calculated according to the proven formula: The size of a bonus multiplied by the winning coefficient equals the size of a wager bet. / ˈweɪ.dʒɚ / an amount of money that you risk in the hope of winning more, by trying to guess something uncertain, or the agreement that you make to take this risk: She put a cash wager of £50 on the race.
What is a casino wager and why do casinos have it?
What Does Wager Mean In Casino
Casinos would like you to play and keep playing at their casino. To reward their players for their registration or deposit, the casinos give away bonuses, usually in the form of extra play money or free spins. At the same time, the casino does impose conditions on this gift: you have to wager the bonus amount a minimum of x times before the money is actually yours.
How much is the wager?
So, in order to cash in a casino bonus, you must unlock it through the wager. If the wager for a bonus is 15, this means you have to bet the bonus amount 15 times before you can call the bonus money yours.
An example:
- You sign up at an online casino and you make your first deposit of $ 25
- You receive a 100% welcome bonus at your casino with a wager of 20
- To receive this $ 25 bonus you have to wager your $ 25 at least 20 times
- This is: you must bet a total of € 500 before you can claim the extra $ 25 on your balance
Please note: it is about bets, not about winnings or deposits. So in the meantime, you can just collect your winnings and bet them again to clear your bonus.
How to clear a bonus on casino games
What Does A Wager Mean
Clearing a casino bonus is possible on slot games. However, table games such as roulette, blackjack and poker are often not allowed for clearing a casino bonus. It would be too easy to release a wager by betting on both black and red. This is therefore not permitted. There's also a maximum amount per bet. Read the bonus conditions in your favourite casino carefully for more information.
Want to know more about a casino bonus and wager?
Always make sure you read the bonus conditions when a casino offers you a bonus. Does it sound too good to be true? It probably is. Never hesitatie to contact customer service or the casino helpdesk if you need more information or explanation on the casino bonus.