Wagering Requirements Explained

Last Updated on 30 January 2017 by Nicholas Lim

Wagering Requirements ExplainedMost Singapore online casino bonus offers and free spins come with a wagering requirement that has to be fulfilled by betting on online slots or other games. So how does this work?

When you sign up for a new casino, nine times out of ten they will offer you a match bonus on your first deposit. The new player gets a larger balance to try out multiple games or make bigger bets. An example: let’s say you just made a fresh 100 SGD deposit to a new casino and they gave you a 200% bonus on top.

Your starting balance will increase to 300 SGD, but you can’t cash it out right away ’cause then the casino would go broke in no-time. So you’re going to have to bet a certain amount before the bonus money is “unlocked” and added to your account as real money. That amount is called a wagering requirement.

How To Wager Your Bonus

Your free bonus money can be used on all video slots and jackpot games, sometimes even in the live casino or on sportsbook. If certain games are excluded we will tell you what you can play with your bonus. In any case, you’ll have to bet your bonus on games before you are able to cash out.

The online casino rules states how often you have to play (wager) your bonus money before it can be withdrawn to your bank account. If we assume the turnover is 30x the bonus amount, you’d be tasked with wagering an amount of 30 x 200 = 6000 SGD in the casino games before the money is converted into real cash that belongs to you now.

Keep Track Of The Wagering Requirements

Keep track of your wagering progress should be easy. The online casino can tell you precisely how much you have left to bet before the wagering requirement is fulfilled. Once you complete the turnover, you are then free to do with the money as you please. This is a great way to play, because you are making bets “on the house” while minimising your own risk!

Using Low Variance To Your Advantage

Towards the end of the of wagering requirements, it is advised to change your bets and play a low variance bets. The reason for that, is the return of that the game is more consistent (less volatile), enhancing your chance of meeting the entire wagering amount with enough money in your account to make a nice cash-out.

Examples of low variance slots are Jack Hammer, Dead or Alive and Starburst. The last one is the best because it has a so called “quick-spin” feature that allows you to play very fast spins (for 10 cents per spin).