30x Wagering Requirements at Canadian Casinos Explained
Wagering requirements represent the number of times you must bet in order to claim online casino bonuses successfully. Each promotion will come with different playthrough requirements that will also include predetermined time frames within which you will have to fulfill the betting conditions.
In a nutshell: if the bonus comes with 30x rollover requirements, you’ll need to bet 30x times to successfully claim their bonus. We also want you to know that not all games will contribute the same percentage toward the bonuses and that online casinos implement wagering requirements in order to prevent bonus abuse and avoid losing money.
30x Wager: Explaining the Basic Terms
Before you decide to claim casino sign-up welcome bonuses, get familiar with the terminology. With that in mind, you’ll already know how online casino bonuses work, what is a wager, and what the terms rollover and game eligibility represent.
A bonus is a reward that online casinos offer to new and existing players to attract more attention and help you build up your starting winning balance. Casino bonuses are divided into different types, including deposit match bonuses, no deposit deals, cashback bonuses, reload bonuses, and referral bonuses.
Deposit match bonuses are often associated with sign-up offers, and they include matching your deposits by a certain percentage. No deposit deals reward you for creating an account without conditioning the bonus to a minimum deposit. Cashback bonuses will return part of lost bets, while you can claim reload bonuses if you’ve made at least one or more deposits in the past. And finally, referral bonuses will be given to users who recommend the casino to other players who sign up.
Furthermore, a wager is money that you place on spins, table games or sports matches. Rollover or playthrough is a term used to determine the number of betting times, while game eligibility refers to games that contribute toward the bonus.
Understanding How to Calculate the 30x Wagering Conditions
What is bonus wager rate? A bonus wager rate refers to the number of bets you must complete in order to cash out your bonus winnings. If the wagering requirements stand at 30x, it means that you’ll need to bet 30 times.
For example, if the casino you play at offers a 100% deposit match bonus that comes with a low minimum deposit bonus requirement of C$10 and a 30x playthrough, the total amount you need to wager will be C$300 for a C$10 deposit. This is the result from the following simple formula: minimum deposit x wagering requirement = total bet, or 10 x 30 = C$300.
On the other hand, if the casino offers free money, let’s say, up to C$50, the amount you need to bet will stand at C$1,500. This time the formula will be slightly different: free money amount x wagering requirements = total bet, or 500 x 30 = C$1,500.
Let’s take a look at another example to see what the potential wagering outcome may look like:
|Wager Req.||Deposit Amount||Bonus Match||Gate RTP||Game Contribution||Wager Amount||Possible Win|
In this case, you’ll need to wager C$6000 to get a potential C$60.
30x Wagering & Other Important Bonus Terms
To better understand wagering terms, you should read the terms & conditions on a casino site where you’re planning to play. In this section, you’ll find all information related to bonuses, such as time limits, bonus caps, and game contributions.
Bonuses will have specific time limits during which you have to claim their bonus i.e. meet the rollover requirements and the remaining terms. The time frames can vary between 1 and 30 days, depending on the bonus.
What’s more, each bonus comes with a certain winning limit that you won’t be able to exceed. In addition, in the T&Cs section, you’ll find information about game contributions. For example, at most online gambling platforms, slots will contribute 100%, while table games will contribute 20%. Games like video poker, roulette, and blackjack will also contribute less than 100%.
Avoiding Common Risks of 30x Wagering Bonuses
One of the biggest mistakes you can make while trying to claim casino bonuses is failing to meet the requirements. Bonus users often fail to comply with the 30x requirement, which is why they are unable to claim a bonus.
Moreover, many players don’t pay attention to game restrictions. For example, slots with progressive jackpots will always be excluded from the list of games that contribute towards the bonus, unless stated otherwise. Another common issue is related to time limits.
Namely, if you don’t claim the bonus within the specified time frame, it will expire. Keep in mind that each type of bonus has its own time limits. For example, no deposit bonuses come with short limits that vary from 1 to 7 days, while welcome bonuses have longer limits – up to 30 days.
Lastly, requesting a withdrawal prior to meeting the rollover requirements is another common mistake players tend to make. Requesting a cashout of accumulated bonus winnings before satisfying the wagering requirements will often lead to bonus forfeiture.
Benefits of Understanding 30x Playthrough Terms
By understanding how to calculate 30x wagering requirements you’ll be more informed about exactly how much money you have to invest to claim your bonus and probably how to wager the bonus. On top of that, you’ll be able to assess whether a certain bonus is worth claiming based on its maximum winning cap.
And finally, understanding rollover requirements, you’ll learn how much each game contributes towards the bonuses, which will increase your chances of claiming an online casino deal before the allotted time expires. Since not all slot games have the same RTPs, we suggest you play high-volatility games with high RTPs to increase your chances of winning.
30x Wagering Requirements: FAQ
What does the 30x rollover requirement mean?
A 30x rollover requirement means that you’ll have to bet 30 times on eligible online casino games in order to claim your bonus. Keep in mind that bonuses also come with predetermined time frames within which you must fulfill the betting conditions.
Can I take out my winnings before completing the 30x wagering requirement?
No, you won’t be able to cash out your winnings before meeting the 30x requirements within the specified time frame. On that note, the casino will keep your winnings in Held Funds. However, you’ll be able to use Held Funds to bet on games. Again, the terms and policies will likely vary from one casino site to another.
How can I keep track of 30x wagering progress?
You’ll be able to keep track of your wagering process by logging into your account and using the bonus tracking tool, which will be placed inside your account. You can also contact customer support via live chat, phone, or email.