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Online Casino Wagering Guide | LeoVegas

Online Casino Wagering Guide

Wagering forms the backbone of online casino play, and it's something each player needs to fully understand before they bet. On this page we explore exactly what wagering means in online casinos, how it works, and in which ways bonuses and promotions can affect the wagering process.

Table of Content:

Wagering Requirements

Wagering requirements are some of the most important components of wagering in online casinos. These are conditions that need to be met to withdraw some types of winnings, so they need to be considered carefully before you place a wager.

Definition and Importance

A wagering requirement refers to the amount of non-bonus money that you’re required to stake before you can withdraw winnings made from bonus cash. Failing to meet this requirement means you cannot claim what you’ve won.

Without wager requirements, players could continually sign up to websites, place wagers with bonus cash, and then withdraw money with zero risk. This would quickly put every online casino out of business, so wagering requirements act as a way to protect the casino, while also giving players special features to enjoy.

How to Calculate Wagering Requirements

Wagering requirements are offered as multipliers placed on winning wagers, usually in the 20x – 40x range. To find out your wagering requirements, multiply your winning wager by the wagering requirements stated in the terms and conditions.

For example, if you won a wager with a bet of $10 bonus cash, and the wagering requirement was 20x, you would need to wager $200 real money to withdraw your winnings from the bonus cash bet. This is because 20x applied to a $10 bet is $200.

Strategies to Meet Wagering Requirements

Game Selection

Not every game contributes to meeting wagering requirements equally. Slot games, for example, will typically have 100% of your real money wagers contribute, while table games might have 80%, and sports bets may have 30%. Choose your games carefully, and you can meet your wagering requirements faster.

Betting Strategies

Meeting wagering requirements doesn't require you to win, so you can choose games with higher RTP and place smaller bets to try to mitigate losses. If you play slot games with a 96% RTP, for example, many smaller bets could help reduce the odds of losing money over a longer play period, as odds average out.

Time Management

It can take some time to meet wagering requirements if you win a large bet. This can be helped in games that offer autoplay functions if you're really in a rush. Autoplay can help you slowly wager an exact amount, and you can set ending rules like loss or win limits in many titles to further reduce risk.

Bonuses and Promotions

Bonuses and promotions help us show our players how much they mean to us, and we’ve cultivated a broad selection of different options.

Welcome Bonuses

Types of Welcome Bonuses

Welcome bonuses are designed to help draw players in with special promotions that provide opportunities to play after they first join. Deposit matches are some of the most common here, where the money deposited by players is matched by bonus cash from the casino.

How to Claim and Use Welcome Bonuses

At the point of signing up, you’ll be greeted with welcome bonuses to claim. Typically, you'll have the option to choose which of our current welcome bonuses you wish to use. Follow the prompts to place a deposit, and the terms and conditions will explain exactly how to use each bonus.

No Deposit Bonuses

Benefits and Drawbacks

A No Deposit Bonus allows you to claim special promotions without first depositing your own real cash. This means you can wager with zero risk or worry about bad luck. The drawback here is that, if you do win, you’re still going to have to meet wagering requirements to claim your prize.

Wagering Requirements

Wagering requirements for no-deposit bonuses act just as they do with deposit matches. You'll see the wagering requirements in the terms and conditions page, and you'll need to place a deposit after playing. The term ‘no deposit’ refers to the first bonus here, not to the possible winnings made from that deposit.

Free Spins and Bonus Spins

How They Work

Free spins are often part of a welcome bonus or they can be offered alone as a promotion for a specific new slot release or game. These work by giving players a set number of free spins to play on single games or a range of titles. Wagers in these games cost nothing, but any wins accumulated from these free spins need to meet wagering requirements.

Best Strategies for Using Spins

The best strategy for using free spins depends on your personal wagering style and preferences as a player. Practice in demo modes (free to play slot mode) and remember to play your free spins only when you have free time afterward. Big wins mean meeting wagering requirements, after all, so you'll need to be prepared in case you get lucky!

Strategies for Successful Wagering

Bankroll Management

No matter what online casino games you like to play, bankroll management is always important. Take this seriously, as can reduce losses and mistakes, and get the most from your wagering experience.

Setting a Budget

To get started, set a bankroll budget before you start to play. Choose an amount you’re comfortable wagering and decide how you’re going to get the most from this bankroll. Larger wagers might be more exciting, but they’ll reduce your playtime.

Sticking to Your Limits

As humans, we're great at justifying changing our minds in excitement. This can be true in wagering as it is anywhere else, but we need to remember that this isn't our logical mind at work. Instead of getting swept away with emotions, remember to stick to your limits and read our responsible gaming section for tips if you’re interested in learning more.

Game Strategies

Slot Strategies

Strategies in slot games will change depending on your bankroll and tastes. For example, you may want to place many small bets to extend your experience. As long as you understand that luck is the ultimate decider, you’ve got many tactics to work with.

Table Game Strategies

Table game strategies will change significantly depending on the game and how much risk you wish to employ. In roulette, for example, betting on odds or evens offers strong odds, while betting on a single number is a huge risk albeit, it comes with a potentially huge reward. Understand the odds and your bankroll, and you'll be able to choose a strategy with confidence.

Understanding Odds and Payouts

How to Read Odds

Odds in casino games are commonly represented in a format such as 1:1 or 10:1. These odds reflect the likeliness of each outcome occurring, which will in turn affect the size of the payout. At 1:1 odds, your chances of a win are 50%. At 10:1 odds, your chances are 10%.

Calculating Payouts

Payouts are calculated by multiplying your wager by the payout ratio for a winning bet, then adding your original bet. For example, betting on red in roulette offer a 1:1 payout on a win, meaning a winning wager of $1 will award $2. On the other hand, winning a $1 bet on a 35:1 payout would return $36.

Wagering at LeoVegas Casino

To ensure our players understand how our systems work, we’ve created a robust bonus terms page that breaks down all the specifics contributing to wagering and withdrawals. This page covers the full range of promotions and their terms, including:

  • New Player Casino Welcome Offer Terms
  • New Player Roulette & Game Show Welcome Offer Terms
  • General Casino, Live Casino & Bingo Offer Terms
  • Cash Funds
  • Bonus Funds
  • New Player Sports Welcome Offer Terms
  • General Sports Promotional Offer Terms & Conditions
  • Free Bet Terms & Conditions
  • Profit Boost Terms & Conditions
  • Matched Free Bets Terms & Conditions
  • Sport Cash Bonus Terms

Be sure to read these carefully before wagering on our website and you’ll be in a perfect position to get the most from your experience at LeoVegas!

Online Casino Wagering FAQS

How do wagering requirements affect my winnings?

Wagering requirements affect your winnings indirectly by setting conditions behind claiming wins made from bonuses and promotions. These conditions vary depending on the website and the promotion, and are clearly labeled on the bonuses and promotions page.

What is the wagering requirement for an online casino?

Wagering requirements in online casinos are an amount you need to wager to withdraw winnings made on bonus cash or promotions like free spins. These come in the form of a multiplier, which is reached through wagering non-bonus cash.

How to complete wagering requirements?

You complete wagering requirements by placing bets with real money instead of bonus cash in specific types of games. Each placed bet will count towards the wagering requirements, and once the requirements are matched, you can withdraw your winnings.