Updated: January 2, 2023
Although in some places is not permitted betting on such games. At the same time in these casinos are not allowed gambling with strategies without any risk at all. The upcoming feature is dedicated to the topic: Is there risk-free gambling at an online casino, and what is Casino Bonus Wagering Requirements?
It is worth taking into consideration that many casinos deliberately choose not to offer risk-free games. With these games, the player effectively can fulfil the wagering conditions on his bonus. In this group, fall: table games, slot machines with high volatility and sections with live dealers.
Let’s imagine that casinos offer a 100% bonus of up to 100CAD with wagering requirements of x40 or x50. You deposit 100CAD, and the casino puts 100CAD in your account (for free), thus in total, you will have 200CAD. If the casino rules require x40 betting requirements, it means that you need to bet x40 ( from the ” free money”). In this case, you will have to wager 4000CAD (100 x 40 = 4000).
Moreover, you will not be able to withdraw your money before all of the conditions are fulfilled. There are also some restrictions that the punter must follow – the max bet per spin or slots that are forbidden when playing with the reward money. Finally, remember that the casino can easily refuse your cashouts; that’s why it’s important to read the bonuses’ T&C.
Many years ago, when online casinos weren’t so popular, the betting requirements were a lot lower. Many bonus hunters play in casinos using bonuses (they do not play if there isn’t a promotion), and they actually make good money. That’s why casinos decided to make some decisions to stop players from winning so often, and what would the best move be? Of course, they decided to make the wagering conditions higher.
Next, we will describe a few types of wagering requirements
Cashing out the bonus money
You cannot cash out in the most trusted Canadian online casinos (like Fastpay) before you fulfill the promo wagering requirements. Now, we will highlight the attitude of different casinos about bonus money:
We strongly recommend you read the terms and conditions of the bonus before taking it. This is extremely important; here’s an example of why: you can see that the casino gives x30 wager requirements, but when you take the reward, you understand that these x30 are for the bonus + deposit money, so in total, you have x60 betting requirements.
Before you start playing at a Canadian online casino with bonuses, you need to be familiar with the bonuses’ terms and conditions. For example, you will know if you will use mostly grey or completely white after reading the rules.
Next, we will write about the grey ways you can complete the wagering conditions in online casinos. You need to know that they don’t break the rules, but some gambling sites may violate the rules because of the low risk that the player has. Remember always to read the T&C before you start using the methods you will learn from this article.
If the casino allows you to complete wager requirements at live games, you can use a few strategies that will help you increase your chance of winning. Read more at the following link:
There are many forbidden ways for betting bonus money, but there are also entirely white ways to win money at Canadian online casinos with the help of reward money.
Getting a positive mathematical expectation of winning
The main rule is to find a promo offer of x40 wager requirements or less and a slot with an RTP of 97% or higher. Then you can legally win money using bonuses.
Many people don’t believe that you can win when playing with bonuses, but we can prove the opposite. If the bonus wager requirements are x40 or less and you select a slot with an RTP (return to player percentage) of 97% or higher, then you can get a positive mathematical expectation of winning at the casino.
All modern Canadian online casinos add a little sum to the usual maximum stake (10-20 CAD in most cases). We all know that casinos win when the player spins for a long time; that’s why restricting the max bet makes you play longer.
Are you wondering why casinos restrict several games when playing with bonus money? Is it because you can win money from these games? Most of the time, casinos limit live table games such as roulette, blackjack, baccarat, etc.; another thing they might do is count 10% of the bets you made while gambling with promo money. Why are most of the slots allowed? Because most of them have negative mathematical expectations for players. Even if 10 punters win, another 100 will lose.
The situation in casinos is similar, but we have completely forgotten the article’s actual subject so let’s get back to it. Before we do that, I want to say that there are still some good slots, but of course, a lot of gambling sites restrict them from the reward money wagering requirements. Some of these slots are The Dark Knight Rises, Scrooge, Secret of the Stones, Devil’s Delight, Robin Hood, Tomb Raider 2, Blood Suckers, Kings of Chicago, Jackpot 6000, Mega Joker and many other slot machines.
Let’s imagine that the casino has x45 wager requirements; this is a standard percentage. So, you get 100% up to 100CAD of your bonus with x45; this means that you need to make bets of at least 4500CAD before requesting a withdrawal. We also need to consider the average RTP (return to player percentage) of casino games – 97.5%.
The calculations should be: multiply 4500 by 2.5%, and the real profit of the casino will be 112.5. So, even if they give you 100CAD, which is “free” money, they still win 12.5 CAD for each player who takes the promotion.
Let’s say, for example, a casino has x40 wagering conditions, then the percentage should be zero. But as we said above, all of the bonuses get used to“hook” new players and get them to start using their gambling sites.
If a player sees wagering requirements of x30, the casino works at a loss in total, but all of this gets used to attract new players. Although all of this attracts new players, all of these punters end up losing a large amount of money in the future.
This is the most common free reward given by a large number of casinos. Many huge casinos offer free spins as a bonus that comes with the welcome package. However, you need to know that free spins also have wagering requirements. Every casino has its own conditions, they can vary from x10 up to x60. It is Rare, but some online casinos give free spins without betting requirements.
Many online casinos, especially the big ones, are offering Cashback to players that lost money over the last week. Mostly the money that is given back varies between 10%-20%. Many players prefer this promotion to any other.
This is another trap for players. Some casinos give free cash, but the betting requirements for such bonuses are usually pretty high – x50 to x60. So yes, you will get your free money, but withdrawing will not be an easy task. To make it clear, bonuses are not made to push the punter into making more deposits.
90% of the best casinos in Canada offer a chance to double your 2nd, 3rd, 4th, and even 5th deposit! The common Online Casino Bonus Wager requirements for these bonuses are x40 – x50.
Just imagine seeing an offer that says: “deposit in our casino, and you will get 100% of the bonus money which can be up to 500CAD with x30 wagering requirements”.
It looks lovely, but when you deposit money, you realize that the wagering conditions aren’t actually x30, but they are x60. Why is that? The answer to this question is that many casinos make betting requirements for bonuses + deposits, so x30 + x30 = x60. That’s why it’s essential to read the terms and conditions before getting a promo.
The best Canadian online casinos won’t hide any information according to the reward conditions. However, the requirements will be on the page where you saw the offer, and I recommend you pay attention to such things as they can save you a lot of nerves.
In some cases, a gambling house can fail to note with a rule appendix (in the terms and conditions) the restriction of the use of risk-free bets while assembling table game tournaments. If you happen to detect that – you can have a premium chance of winning this tournament using the maximum bets.
You will need a bonus in the best-case scenario, which later you can secure back once you start winning stakes in the tournament. To start working, you must first study the competition regulations thoroughly and, respectively, the promotion policy of that contest organizer.
Are bets with minimal risk prohibited everywhere?
Player has a chance to put bets with minimal risk only at casinos which don’t have strict ban rule against such bets. Nowadays, almost all big casino companies have a well-regulated prohibition of the use of minimal-risk bets. You can read more on this topic in the casino’s terms and conditions.
Illustration of such prohibition
One perfect example of formulating this rule can be seen in the regulation terms of Bet365 Casino in the next passage:
“In the process of meeting the bonus wagering requirements, it is prohibited to place bets with minimal risk. If this is used, Bet365 Casino reserves the withdrawal right of all promo money from the player’s account and closes it.”
For the game’s sake, it is instrumental in grasping how to use risk-free wagering with success so that you can play with a bonus bound by lower betting requirements than the percentage of loss in that game. Or else your game will be worthless. Of course, this tactical approach is applicable to table and live games as well. Check our list of Canadian online casinos with no verification withdrawal.
Many people live with the money won at Canadian online casinos with the help of bonuses. Moreover, gambling sites make the wagering requirements higher, this is mainly because of professional bonus hunters. Nevertheless, the concept of what we described above is the same.
If you read the entire article, you would have understood that our position isn’t very positive about bonuses. Anyway, there are also pluses in taking bonuses, for example, if you play on small bets for a long time, we highly recommend you take the bonus.
But if you are a high-roller or play on average bets, then all those bonuses put restrictions on the bet and the time you spend in the casino. So remember – Read the Terms and Conditions before taking any kind of Bonuses at Canadian Online Casino!!!