What is a casino wager? How to use wagering in bonuses?

What is a casino bonus wager?

Ready to wager at LevelUp Casino and enjoy all the top bonuses in place? A bit of information on gambling guides will help you get started and enjoy your experience at this legit online casino in Australia. Wagering requirements may sometimes seem complicated, but don’t panic. This guide will provide insights on what a casino wager is, understanding how wagering requirements work, and how to beat them.

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What are casino wagers?

To understand the concept of bonus wagering requirements, it is important to first understand what is a casino wager. 

Simply put, a casino wager is a bet placed on the casino. In casino terms, a wager is the amount of stake you place on a specific game whilst expecting returns in the end. Whether placed on your favorite LevelUp casino slot game, table game, or live dealer title that will be referred to as a wager. Alternatively, a casino wager may represent the overall money a player bets in a specific session in the casino.

When a casino wager is placed on an online bonus, casino wagering requirements will be attached in most cases. But what are wagering requirements and how to use wagering in bonuses?

What are casino wagering requirements?

Wagering requirements, also referred to as playthrough requirements or rollover requirements, state the amount of money you need to make before your casino bonus or winnings are released. This is normally the major problem when withdrawing your casino bonus. 

From the casino bonus Terms and Conditions, players will find out the set number of times the bonus or winnings have to be played through before they are released. Take, for example, our LevelUp welcome bonus on the first deposit of a minimum of 20 AUD—Get a 100% bonus of up to 100 AUD + 100 Free Spins. On the Terms and Conditions, the wagering requirements have been set at x40 (bonus). This simply means that you have to wager your bonus forty times before the bonus and its winnings are released. In our case, a player who claims a 100 AUD bonus needs to place a wager worth (100 AUD x 40 = 4000 AUD) before the bonus is released. 

It is also important to note that some casino bonuses will require you to play through both the bonus and deposit before a withdrawal can be effected. In the above scenario, if a player deposited 100 AUD, the bonus awarded would be 100 AUD and to meet the wagering requirements, the player would be required to play through ({100 AUD + 100 AUD} x 40) = 8000 AUD.

The casino wagering requirements will also apply to the free spins. With this, you will be required to play through the winnings forty times (x40) before they are released. 

Other Terms and Conditions affecting wagering requirements include:

  • Game weightings—The different games available at LevelUp casino will contribute different percentages of your casino wager while meeting the requirements. The welcome deposit bonus awarded on the first bonus on our casino will have the games will contribute as follows:
    • Slots—100%
    • Table & Card Games, Video Poker, Poker—5%

In this scenario, a play at the slots will provide a quicker and easy way to meet the requirements. This implies that a 1 AUD bet placed on the slots will be counted as 1 AUD while meeting the requirements while a 1 AUD made on any table game will be counted as 0.05 AUD on the same.

What does wager mean in casino?

As stated, a wager is roughly another term for betting. This will be a bet or the money you use to play on your favorite title at a casino. At LevelUp casino, a player can make their wager on a game of their choice from the huge selection of slots games, table games, video poker, and live casino games from top providers in the industry including NetEnt, BetSoft, Playtech, Pragmatic Play, Evolution Gaming, and Play’n Go.

Wagering can be broken down into three main elements:

  • amount of money staked
  • the risk taken
  • the expected reward

What does it mean to wager a bet?

This is simply placing your money in a casino on a game(s) to risk an outcome in your favor. There is no difference between wagering and betting. The two words can be interchanged but what is common between them is that money is involved, a risk is taken, and a reward is expected after the event is done.

1429 Uncharted Seas is one of the slot titles offered at LevelUp casino. The game is provided by Thunderkick and offers its minimum bet size at 0.10 AUD and a maximum bet size at 100 AUD. For example, to wager a bet will involve a player depositing 50 AUD and taking the bet size option of 50 AUD. Money is involved (50 AUD), a risk is involved (uncertainty of a loss or win), and there is an expected reward if a win is recorded.

Is wager bet safe?

The simple answer is yes if done on a credible, trusted, legal, and legit online casino in Australia. 

LevelUp casino is one of the most trusted operators in Australia providing tons of payment options, over 4000 casino games to wager on with favorable bet sizes, and fair wagering requirements. The casino is owned and operated by Dama N.V., a company registered under the laws of Curacao. 

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Additionally, all the games provided for you to wager are safe and fair to every player. Fair in that the operator employs the use of Random Number Generator (RNG) that ensures randomness and fairness on every game with no predetermined results. As a consequence, players who wager can expect a fair outcome.

What is a wager on the game?

A wager on the game can also be described as a bet placed on the game. This will involve risking your funds to make returns for a winning wager. To make a good casino wager, you must meet the bet size cap placed on the game of your choice. Winning a wager will provide a payout and in most games, there will be a maximum payout cap placed.

While playing the game, especially the slots, you may trigger a lot of features either by a good combination of specific symbols on the reels or an appearance of specials such as wilds. Some of these features include bonus games, free spins, and multipliers that can increase your wager payout.

What are casino wagering requirements?

After learning the important basics of wagering requirements, it is also important to know why they exist. While to many it may seem that the casino wants to milk the players off their funds, there are legitimate reasons as to why they exist. One of the main reasons is so that the casino operators comply with regulations placed against money laundering. This places a legitimate process to ensure no fraudulent or money laundering activities take place through depositing and withdrawing funds quickly.

However, there also exist no wager bonuses. These are bonuses that will not have wagering requirements. They are not as common and when available, they are not high in value as the wager bonuses. Whether it is a no deposit bonus, deposit bonus, or free spins, the winnings will be cashed out straight away.

Examples of wagers in casinos

Some of the most popular wagers you are likely to expect include:

  • X10 wager—This will require you to wager your bonus, deposit, or both ten times (x10) before the bonus and winnings are withdrawn.
  • X20 wager—This will require you to wager your bonus, deposit, or both twenty times (x20) before the bonus and winnings are withdrawn.
  • X30 wager—This will require you to wager your bonus, deposit, or both thirty times (x30) before the bonus and winnings are withdrawn.
  • No wager—This will not require you to meet any wagering requirements. The bonus awarded and any winnings thereafter will be withdrawn straight away. However, they are low in value.

Facts about bonus wagering

Aside from the game weightings, wagering requirements will have other terms and conditions affecting them, and players are advised to keep watch of them:

  • Deposit or bonus money first?—Casinos may differ on the money to use first if a bonus is awarded. However, LevelUp casino requires that a player uses their real money before the bonus.
  • Max bet cap—A maximum bet will be placed while meeting the requirements. LevelUp places its maximum bet when using the bonus at 6.5 AUD.
  • Bonus validity—The wagering requirements must be met by a set period. For the LevelUp casino welcome bonus, a player needs to meet wagering requirements within 14 days else the bonus and winnings are rendered void.
  • Game exemptions—As games weigh differently, some are exempted with no contributions at all. LevelUp places exemptions on some of these titles:
    • Craps
    • 1429 Uncharted Seas
    • Tower Quest
    • Three Musketeers
    • Jokerizer
    • Vikings go Berzerk
    • Serengeti Kings

And more…

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