What Is Wagering Online Casino
While being in the process of an online casino creation, it is important to keep the casino target market in mind. According to gaming market experts, in order to create a successful and profitable casino, it is crucial to find out who will be your customers. Understanding an online casino target audience is important as it influences the selection of game content, providers, payment systems, language options, marketing strategies, etc.
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The 3x wagering requirement is obviously a hugely favourable one for the player, and in most cases will be a lot higher – casino bonuses for example are usually between 20x and 50x. Tiered wagering requirements. Sometimes a gambling site will offer what is known as a tiered wagering requirement, which is a staggered collection of payments. It's an online real money gaming site where players can find low wagering casino bonus offers. At low wagering casinos, you can claim no-wager bonuses, as well as offers that have 5x, 10x, 20x.
How to understand who are the online casino players? To answer this question and identify the main groups of potential customers, consider these characteristics: motivation, game types and demographic profile.
What motivates people to play?
All casino target customers may be divided into two main groups with their own goals.
Regular customers.
They are players who visit casinos regularly and systematically. The first group of players may have different motivations. For example, some gamblers are real professionals with their own strategies. They win money masterfully, are able to stop at any time and consider casinos to be their primary source of income. These players know exactly what they want. Attracting these customers is profitable as your casino gets reliable and loyal players. A way to get them interested is to offer attractive conditions for regular customers, provide special bonuses for the most active players and offer interesting loyalty programs.
Another motivation for regular customers to stay in a casino is ludomania or addiction to gambling. The operator should define this problem and apply all necessary measures, for instance, add such players to a block list and limit access to the site. Some gambling venues have a function of a ten-minute break, which is repeated every 50 minutes in order to allow players to make pauses in the game. Of course, gambling addicts may bring regular income but it should be noted that this group of customers is at risk and will not create a positive image of the gambling house.
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Occasional players.
These players visit gaming portals from time to time because of their curiosity. The second group of players visits gambling websites to have fun, try something new or just kill time. Usually, these gamblers choose casinos randomly without going into game details. Guided by passion, such players may leave large sums of money in the casino, so, attracting them is profitable as well. This can be done with the help of bright advertising, various bonuses for beginners, prizes for registration, and unusual design.
Target audience by the game type
In successful casinos, games are selected in such a way that each potential customer could find suitable ones. Preferred types of games, their themes and functionality divide the audience into groups. It is possible to distinguish the following main types of games:
- Traditional fruit slots. These slots have clear rules, simple interface, and no special difficulties. These machines will be loved by players who have spent time in land-based gambling halls.
- Card and table games. These ones include poker, blackjack, baccarat, roulette. These games are for conservative players and fans of classical casinos. These games should be included in the casino's portfolio because they have been keeping players interested for many decades.
- 5-reel slots, 3D slots, slots with quest elements. These games are loved by players favoring trends and innovations of the modern gambling market. A variety of themes, features and bonus games of modern online slots is unlimited. The main thing is to give players a wide choice of options, provide the most popular games from well-known brands and follow the latest innovations of the market.
- Slots for women. Currently, there is a tendency that slot machines become more popular among women. That is why game developers started to produce slots more appealing to women by storylines from popular movies and well-known characters.
Demographic profile of the target audience
Researchers distinguish three main groups of online casino audience:
- Middle-aged men and women with high income visit casinos because of curiosity, the possibility to try their luck and skills, as well as use different strategies in practice.
- Middle-aged men and women with low income visit gambling portals in order to win and improve their financial shape.
- Young men and women with different income levels consider casinos as a source of entertainment and an opportunity to get fun.
The psychological motivation of gamblers
Attraction to gambling is known since ancient times, and there is a belief that players gamble to gain. This opinion is under questions as players winning a large amount of money do not necessarily stop the game. It is important to understand that psychological reasons are very different, including the desire to experience risk, gain money, show skills, etc.
Casino operators should remember that everyone wants to experience gambling charm and passion at least once, and their online casino should be the right place to provide players with such an opportunity.
Table Of Contents
Ready to hit the online casino and start raking in the bonuses?
First, you need to learn a thing or two about wagering requirements.
Get started with this comprehensive guide to bonus wagering requirements to discover:
- What is wagering and how it has an impact on your casino bonuses and gameplay.
- How to calculate, meet, and beat wagering requirements explained in full.
- How to make the most of your freebies and the best way to wager casino bonus.
What is a Wager?
In order to understand what are the wagering requirements, you have to first understand what is a wager.
That part is simple:
A wager, simply put, is simply a bet.
But what does wager mean at your online Casino? A wager refers to the amount of money you stake with each hand of cards, spin of reels, or sports match.
It can also refer to the amount of money that you bet overall, in a session or specific time period.
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Play NowWhat Are Wagering Requirements?
When you sign up at a new online Casino or take advantage of a promotion at one you already play with, you'll encounter any number of bonus offers.
These include things like free spins, free bets, and cash bonuses.
Seems awesome, right? Well, these offers come with strings attached — and those strings are known as wagering requirements.
These requirements are stipulations which state that you must wager a certain amount of money before you can withdraw the bonus or collect any winnings you derive from it.
How Wagering Requirements Work
So, how do wagering requirements work? It's different for each bonus type.
With a cash bonus, you'll have to bet through a specified multiplier before you can withdraw any bonus funds and related winnings.
For example, let's say you take a cash Casino bonus with a wagering requirement of 30X.
This means that you'd have to bet your bonus amount thirty times over before you can withdraw it and the winnings you get from it.
You may also deal with requirements when you wager free spins.
Since free spins don't come with a cash amount, the multiplier applies to only to the winnings you receive from the free spins.
Free bets usually come with requirements as well. Depending on the Casino, you might have to deposit a certain amount before you collect the bonus or only bet on sports with certain odds.
Calculating Your Wagering Requirements
Calculating your wagering requirements is a relatively simple formula. Simply plug in your numbers and you have a baseline:
(Bonus Amount) X (Wagering Requirement) = Total Bet
Let's say you deposit €50.
You receive a match-deposit bonus of €50, and your wagering requirement is 30X.
The formula would look like this: (€50) X (30) = €1,500.
Depending on the casino, you could encounter a sticky bonus. Your initial deposit is also included in the wagering requirements and the formula is changed:
(Bonus Amount) + (Initial Deposit) X (Wagering Requirement) = Total bet
Following the first example, the formula would look like this: (€50) + (€50) X (30) = €3,000.
These numbers seem high, but they aren't incredibly difficult to meet.
You'll be able to use the winnings from the bonus money to make wagers, and if you make them smartly you can usually beat the requirements and have a bit left over at the end.
Don't want to do the math? You can use a wagering requirements calculator online.
This eliminates the chance of human error in your calculations and ensures you know exactly how much you need to bet immediately.
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Play NowMeeting & Beating Your Wagering Requirements
In order to meet and beat your wagering requirements, you have to understand the subtler nuances of how they function and learn to play the smart way.
Terms and Conditions
When you have the chance to claim some welcome bonus money or another promotional offer, read the terms and conditions very carefully.
What Is Wagering Online Casino Real Money
The fine print will inform you about all the strings which come attached to the bonus offer, including what the wagering requirements are and what you need to do to beat them.
You'll generally have to make a minimum deposit to receive the bonus in the first place.
You could have to use a certain deposit method to claim it, and have a limited amount of time to use it. Every online Casino is different, and they all have different rules and regulations when it comes to meeting the requirements.
Choosing Your Casino
Some casinos have wagering requirements of 50X or more, while some require less than 30X. Some also limit the amount of money you can win from Casino bonuses, so it's imperative you do your research and shop around.
Choose a casino which has favorable bonus terms, and make sure it has a good reputation among enthusiasts.
It must be fully licensed and regulated, simple to use, and have easily accessible customer support in case you have questions or encounter any problems with your bonus.
Choosing Your Games
Different games will contribute different percentages of your wager to the requirements.
Find out which games qualify and what percentage of your wager they contribute, then play the games which give you the most bang for your wagering requirement buck.
Online Slots commonly contribute 100% of your bet to the requirements.
Table games and card games, on the other hand, may contribute just 50% or even less. You'll find you meet your requirements more quickly and easily if you choose to play the Slots.
Play the Right Way
You know that Slots are likely to help you meet your wagering requirements more rapidly, but not all Slots are created equal. It's important to pay attention to the variance of your games and the RTP (Return to Player Percentage).
Games with a lower RTP have a higher variance. They don't pay out as often, but when they do, they pay out larger amounts.
If you're trying to meet wagering requirements, play these types of games at the beginning.
This will allow you the chance to significantly increase your bankroll, and insure yourself against possible losses in the future.
Once you've padded out your bankroll, take it easy and play lower-variance games. These will have a high RTP, meaning they pay out smaller amounts but more consistently.
They are a safer bet because they don't diminish your bankroll as easily and allow you to keep more of your winnings over time.
Opting Out
Don't want to worry about wagering requirements? You can choose to opt out of the bonus entirely.
Sometimes casinos will have the option readily available, but you may have to contact customer support to convey your wishes.
No-Wager Casinos
You can also find an online casino without wagering requirements.
These no-wager casinos are becoming more popular because their bonuses come with less stipulations, but you normally won't see crazy amounts of free cash.
However, a small amount of bonus money or wager free spins can be just as profitable.
Both of these bonuses generally require a deposit, but will not require you to wager your winnings a specific number of times before you can collect them.
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Play NowWagering Requirement FAQ
Can I withdraw winnings from a free bet?
Absolutely! Once you qualify for the bonus and make your bet, any winnings derived will be credited to your casino account and you can withdraw them anytime.
However, you will not receive the stake amount, since the casino paid it for you.
How do you beat wagering requirements?
The best way to beat the wagering requirements is to play Slots games, because they contribute the largest percentage of your wager to the requirements and have a high relative return.
What does 10x wagering requirement mean?
A 10X wagering requirement means that you must wager the amount of your bonus 10X over in order to collect your bonus and subsequent winnings.
If your bonus was €10, you'd have to wager €100 to meet the requirement.
What is a 20x wagering requirement?
A 20X wagering requirement means you must wager the amount of your bonus 20X over in order for you to collect the bonus and subsequent winnings. If your bonus was €10, you'd have to wager €200 to meet the requirement.
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What is a 50x wagering requirement?
A 50X wagering requirement means you must wager the amount of your bonus 50X over in order for you to collect the bonus and subsequent winnings. If your bonus was €10, you'd have to wager €500 to meet the requirement.
What is wager amount?
Wagering Requirements
The wager amount is the amount of money you use to make a bet. In the case of Casino bonuses, it can also refer to the amount of money you have to bet overall before you can withdraw winnings.
What does no wagering mean?
What Is Wagering Online Casino No Deposit
No wagering refers to a type of casino bonus in which you do not have to meet any wagering requirements. You can collect winnings from this bonus as soon as you get them.