Coins, either physical or digital, have become associated with slot games in particular. In traditional casinos there did exist coin machines. They would have a real slot for them to be installed, giving credit for clicking the required button and creating the wagers – play Sharknado today.
However now players use other forms of payment to make their wagers for online slots. No matter what form of payment gamers need to understand wagering.
What is a wager?
In essence, a wager is a stake or cash spent on an online slot. This typically occurs with a wagering condition added to it when it comes to an online casino pay-out. A wagering requirement is the number of hours a player has to play the cashback rewards before being able to make a money transfer. Typically, a casino incentive has a range of scenarios that the participant must fulfil. Before a player can earn their bonus money, they must meet the wagering requirements. Different casino games provide varied amounts towards the wagering requirement.
How do I calculate the wagering amount?
This is the complex part but do not worry you do not need to be a mathematical genius, just grab a calculator. For example, if you sign up to an online casino, you will be given a bonus offer. Say they offer you a £40 bonus when you deposit £10 online. Along with a wagering requirement of 5x. You would calculate the wagering requirement by multiplying the casino bonus by the wagering requirement (£40 x 5= £200). This means that the gamer must wager £200 before being able to withdraw money. Some casinos also require the gamer to comply with the need for wagering by including their deposit. This would by calculate by adding the casino bonus and deposit together and then multiplying it by the wagering requirement (£40 + £10 x5 = £250). The gamer would need to wager a total of £250 before withdrawing money.
Why do wagering requirements exists?
Contrary to common belief, casinos do not instate this law as a way of earning more money. There is a valid explanation behind these laws. Wagering requirements are in effect to meet anti-money laundering requirements. Without wagering requirements criminals can carry out illicit acts. They would be able to deposit and withdraw money without any hassle.
In casinos and online casinos coins are a form of currency either physical or digital. Coins have different values depending on the slot you are playing. Winning 1000 coins sounds phenomenal but if each coin has a value of 1p, that only equals £10. The stake you make relates to the amount you win. You need to be aware that the RTP of each online slot does not alter depending on the wager you make.