What are wagering requirements?
A wagering requirement is a specific term and condition that most casino bonuses, offers and promotions have as a requirement to claim that same offer or bonus.
In online casinos, the generic wagering requirement generally ranges between 35x and 45x. Any other wagering casino that goes below that range is referred to as low wagering casino.
To give you the math of what we mean by a wagering requirement, take the example of a $500 welcome bonus that requires a 40x wagering to be claimed. This means that if you bet $1 for the game, to claim the bonus you need to bet that $1 for 40 times – therefore $40 – to claim the $500 welcome bonus.
Why do New Zealand casinos have wagering requirements?
In New Zealand each casino that is allowed to operate in New Zealand has to have wagering requirements for their games clearly mentioned on their terms and conditions page. The wagering factor is crucial for a casino to obtain a license and properly operate within NZ.
Having wagering requirements also means having a safety net for both players and online casinos likewise.
Games contribution to wagering requirements
Online casinos are all about games, so really, claiming it is all about choosing a game and starting your bonus journey.
The most common type of online casino game where you can 100% weigh your gaming is through pokies. By ‘Game Weighting’ we mean the % amount that a specific game contributes to your playing wager requirement.
Not all games contribute the same amount of weight. Table games such as Craps, Baccarat and Roulette for example, or any Live Casino game, generally only have a 25% Game Weighting value.
Wagering of bonus money only / including deposit
In top online NZ casinos, there are two general ways on how a casino applies the wagering requirement.
The first way is when casinos apply the necessary wagering requirements and therefore bet the wagered amount only on the bonus money. For example, a 30x wagering requirement for a specific bonus is to bet 30 times on any amount desired.
The second way is that an online casino might choose to apply the wagering requirements to both the bonus and your deposit money. So, if the minimum amount of betting is $20 and the wagering amount is x30, then the minimum amount has to be wagered 30 times to claim the bonus.
How to benefit despite wagering requirements
When deciding which online casino to subscribe to, we always advise our players to check the Terms and Conditions. This gives all the knowledge needed not just on wagering requirements but other crucial information such as minimum and maximum deposits, withdrawals etc.
What online casino players in New Zealand generally look out for are medium to low wagering requirements. We also suggest looking for games, such as is general with most pokies, that have a higher Game Weighting.
Some of the best pokies you can play which have a high Game Weighting include:
New Zealand casinos with no wagering requirements
No wagering requirement casinos – otherwise referred to as No Deposit Bonus Casinos – refer to those casinos that require absolutely no wager when claiming a bonus or an offer.
Though much rarer to find, one still can find a decent list of no wagering requirement casinos. Generally, these casinos offer fewer payout amounts than normal casino bonuses.
Casinos with low wagering requirements in New Zealand
Low wagering casino bonuses such as LeoVegas, Mr Green, and This is Vegas, are becoming increasingly popular, not just in New Zealand but also worldwide.
These low wagering requirements offer a balance for both player and casino – as for the Kiwi player, the bonus would be more financially realistic to claim for a broader range of different playing budgets.
On the other hand, the casino would still be safe on getting a decent bonus return, while still guaranteeing a level of competitiveness to its players.
Requirements wagered? Good!
With this guide, we hope that now you have a better grasp of what a wagering requirement entails – and we hope that you can use it to your benefit.
From our end, we always suggest looking out for the best wagering requirements and bonus conditions – and always keep a lookout for the best offers in town that include bonuses with lower wagering requirements.