Newcomers to gambling can be confused by numerous terms. “Wager” (from the English word wager – wager) is one of such words. To understand how the average player should behave, it is important to understand its essence. The term “wagerer” has grown significantly over the past few years.
This system is practically used by every online bookmaker and casino to attract new and retain existing players. The wager is a mandatory part of any company’s bonus policy. In this article, we will explain in detail what a wager is, as well as consider its advantages and disadvantages. We will also give useful tips on how to comply with the bookmaker’s terms and conditions.
Basic concepts of a wager: a wager is the basic wagering requirement for bonus funds provided by a bookmaker or online casino. In other words, how much you need to wager in order to get a net win. It is important to note that the wager differs significantly from other bonus terms and conditions. Although some bonuses can be withdrawn immediately after receiving them, the wager always requires wagering. On the one hand, this increases the bettor’s interest, but on the other hand, it increases the player’s risk of losing.
The calculation of the wager uses a multiplier. For example, if a bookmaker offers a $1,000 bonus with a wager of x5, the player must wager a total of $5,000 ($1,000 x 5) before he or she can withdraw winnings from this bonus.
How does the wager work? Let’s look at a few examples to better understand how it works:
A player can get a $500 bonus with a wager of x5. In this case, you need to bet 2500 dollars (500 x 5).
The bookmaker offers a first deposit bonus of 100% up to $10,000 with a wager x20. The player gets an additional bonus of $5,000 if they deposit $5,000. A wager of $100,000 ($5,000 x 20) is required for wagering.
The casino offers 50 freespins with a 40x wager on winnings. A player must wager $40,000 if they win $1,000.
The process of wagering the wager in practice is as follows:
The player receives the bonus and familiarizes himself with the terms of the wager.
Starts betting using both his own and bonus funds.
The bookmaker or casino keeps track of the total amount of bets made.
When the amount of bets reaches the required value of the wager, the bonus is considered wagered.
The player gets the opportunity to withdraw the winnings received with the bonus.
