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Casino Bonus Calculators - What Are They?
A casino bonus is super simple to use. As the name implies, this tool is used to help you calculate the amount of cash you need to play to reclaim your winnings at a casino site. All you have to do to get started is enter the deposit amount, bonus amount, bonus percentage, and any other relevant information in the necessary fields, and you will get the result of the calculation. The outcome will help you determine whether the bonus offer is worth claiming.
Let's take a quick example. Let's imagine that you have chosen a Netent slot game at a new casino site. The terms state that when you deposit €100, you get 100% on top of that. If this seems too good to be true, it's because it is! When exploring bonus offers, the big percentage is not the only thing that matters.
That is why a casino bonus calculator is a handy tool because it will do the work for you and quickly let you know the real value of the bonus.
Why Do You Need a Casino Bonus Calculator?
In order to extend your playtime, every casino will include some type of promotion to make your time more enjoyable. If you're playing roulette and you have a great experience with the game, you're more likely to turn to other games like blackjack, and bingo, or even try your hands at sports betting at the same casino site. However, nothing comes for free. Bonus money, almost always, comes at a cost and these costs are wagering requirements.
Here are a few reasons why you need a casino bonus calculator:
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Transparency
The bonus terms and conditions for wagering can frequently be confusing and range between various online casinos and promotions. The terms are more straightforward when players use a calculator to clearly comprehend the wagering requirements related to a particular bonus offer.
A Great Tool For Comparing Offers
The wagering requirements for bonuses and promotions at casinos vary frequently. Players can use a calculator to analyse the different types of deals and figure out which one has the best wagering requirements. This way, you can choose the ideal bonus based on your preferences and make more informed decisions as a result.
Saving Time and Effort
The process of manually figuring out wagering requirements can be time-consuming and error-prone. The procedure is streamlined by a special calculator, which helps players save time and effort. They may quickly obtain the exact values by entering the necessary numbers, such as the bonus amount and wagering multiplier.
Maximise Your Winnings
Players can plan their gameplay to increase their odds of fulfilling the requirements while minimising their possible losses by using a calculator to calculate the wagering requirements and ultimately know their bonus funds. This may mean that players are equipped with the right information to choose one game over another. For example, choosing to play keno over craps at a specific online casino will make more sense due to greater payout rates.
Are Casino Bonus Calculators Difficult to Use?
Not at all. All you need to do is enter the deposit and bonus amount, rollover requirements, and contribution percentage, and you're good to go. An important note is that you need to take into consideration to determine whether this calculation will take into account the bonus amount alone or the bonus and the deposit amount included.
Before using bonus funds, it's also crucial that you read the bonus terms and conditions. These rules will inform you of things like the offer's wagering requirements, whether or not receiving it requires a deposit, the amount of the real bonus, how free-spin earnings are awarded, the games you can play with the bonus funds, and any withdrawal restrictions. These requirements can differ greatly depending on the sort of bonus, so it's critical that you understand them in detail to get the most out of the bonus.
How to Use the Wagering Requirements Calculator
Before the creation of these useful tools, gamblers had to manually calculate these percentages before playing slot games, for example. Nowadays, you can make it so much easier by using a different kind of technology...the casino bonus calculator. As we stated earlier, it is important to specify whether the calculation takes into account the bonus amount alone or the bonus amount balance and deposit.
Here's a simple explanation of how to use the calculator in five steps:
- If the wagering requirement applies to both the bonus and the deposit, input the total amount in the relevant field.
- Enter the number of playthroughs needed.
- Choosing bonus or deposit + bonus.
- Enter the game contribution percentage, explained below.
- Select "calculate".
Average Wagering Requirements at Online Casinos
Unfortunately, not all casino games will provide you with the same results when you're trying to complete the necessary wagers. This is because some of them have larger payout percentages, allowing players to satisfy the stated conditions more quickly and easily and withdraw their profits after only a few brief playing sessions.
The following is a list of the typical contribution rates for each game category:
- Slots: 0% to 100%
- Baccarat: 0% to 25%
- Blackjack: 0% to 25%
- European Roulette: 0% to 25%
- French Roulette: 0% to 25%
- Caribbean Stud: 10% to 50%
- Craps: 0% to 25%
- Hold'em poker: 10% to 50%
- Let Em Ride: 10% to 50%
- Red Dog: 10% to 50%
- Keno: 100%
- Scratchcards: 100%
- Video poker: 0% to 25%
It's important to note that slots with a high RTP (97% or greater) are occasionally completely barred from contributing. Remember that our list is merely intended to serve as an example; not all online venues necessarily follow these percentages. The best way to make sure of these game contributions is to check the casino site's terms and conditions before playing.
What Are Wagering Requirements?
In simple terms, a wagering requirement is the minimum amount of money a player must bet on selected casino games to make a cash withdrawal. Unless players opt for a no-wager casino, no one can escape these bonus wagering requirements when playing any casino game, from video poker to slots. This casino bonus calculator will tell you exactly how much you need to wager with minimum effort from your end.
Apart from choosing your favourite online casino games from Irish online casinos based on their level of entertainment, it is a common fact that casino bonuses play a huge part in most players' game selection. Most online casinos, including Irish casino sites, offer the best casino bonus, free spins, or other promotions to make their games more entertaining. However, no matter how attractive this bonus looks, whether the offer includes bonus money, a deposit bonus or bonus spins, there's always a catch in mind, these wagering requirements. Let's get into how it works and what to keep in mind!
What to Keep in Mind About Wagering Requirements
With a casino bonus calculator by your side, that does not mean that all logic should be kept aside. While it is true that most games are up to chance, table games and slot games are more prone to a specific strategy than, let's say when you're trying your luck at the lottery. Although your evaluation process will become simpler with this calculator, you still need to have critical thinking on your side. Here are some points to keep in mind about wagering requirements.
What should you wager first? Bonus funds or deposited money?
Sometimes, you might need to wager with bonus money initially, and other times you will utilise your funds first. Consider using your own money first. If you succeed, you can forego the bonus and payout without having to satisfy the wagering requirements.
Can casinos set bet limits while wagering?
Yes, most of the time, players cannot make large wagers to quickly fulfil the playthrough criteria. The maximum amount is often €5 (or its equivalent in another currency).
How long does a bonus stay active?
This signifies a window of time during which a player must look to meet the requirements in order to be eligible for a withdrawal. If not, chances are that they are risking losing their bonus money.
Do all games contribute and how much?
If a game gives 50%, then €2.5 of the €5 bet would be considered a contribution. Most casino games will have a wagering requirement attached to them, including when placing a sports betting greyhound bet at a horse race event.
Can the funds be withdrawn?
When the wagering requirements are fulfilled, everything is cashable in certain circumstances, while in others, bonus money may only be utilised to play more. However, each venue has its own policy, so players should always become familiar with the regulations that go along with it.
Casino Bonus Calculator FAQs
To finish off this article, here are a few frequently asked questions that might support you in times of need.
What happens if a player doesn’t meet the wagering requirements?
If the requirements are not met, the bonus money cannot be changed into actual withdrawable cash. That occurs for a variety of reasons, including reduced contribution percentages in the games or a lack of adequate time to meet the requirements.
Are there casinos that don’t have wagering requirements?
Yes, these are called wager-free casinos. However, it is crucial to pick casino sites that have a good reputation among their customers. Choosing places with no wagering requirements but are also known for failing to cash out winnings is a major red flag. Pick a place that is ranked well by following casino reviews and news.
What do wagering requirements mean?
A wagering requirement is a constraint attached to promotions given to a player. It has an impact on how and whether the player can use the prize money from that promotion.
How do wagering requirements work?
To fulfil your wagering requirement, you must either place a specific wager or make a cash deposit.
How to beat wagering requirements?
While there is a way to increase your odds of beating the requirements after a few spins in some cases, there is no magic formula either. Some gamblers utilise the strategy of using bonus money for hazardous bets with high odds. If they are successful, they utilise the money to finish the wagering requirements by switching to less dangerous games. That, though, is viewed as unusual gaming behaviour, and not all casinos allow that.
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An online casino expert of 12 years, Cameron Murphy knows the ins and outs of Irish online casinos. Cameron specialises in online casino reviews, gambling regulations, and providing quality content on online casino games.
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