The wager for bonuses in an Australian online casino
Why is the wager so big?
Previously it was better: the grass was greener, and wagers were less. There was no such serious competition in the sphere of Australian online casino, and there were not many bonus hunters - professional players whose single purpose is to take the bonus, and soon they withdraw money with profit. Precisely because of the casino bonus hunters, the wager requirements were toughened. Any presently issued bonus is guaranteed to bring profit to the gambling site (in the short or long term), or it brings small losses. The value of the wager protects the casino from any exploitation of their bonus offers.
- What are bonus hunting and bonus hunters
- What is the risk-free rate?
How is the wager calculated?
So, let's look at the real conditions of the wagering bonuses in a modern casino:
The maximum bet of the wagering bonus is AUD 5 - AUD 15 (or equivalent)
One of the most important conditions is the bet restrictions. The casino is profitable when the player spins longer. So, in such a way it is given a lot of opportunities to break any of the requirements, and still to test the patience with which most gamblers have significant problems. Moreover, a small maximum bet protects the casino from any simple scheme: for example, there are large bets on equal chances in roulette from several accounts.
The percentage of wagering in different games
Also, one of the features of receiving and wagering the bonus is the minimum amount of the deposit, the funds in the game process with a bonus are primarily deducted from real money, and also the period of the wagering is limited. Shortly speaking, there are enough conditions, but they have the secondary meaning to the wager in our case.
Are bonuses profitable for the casino?
Theoretically, you can calculate whether the casino receives a profit in the long term from a specific bonus offer. Let's discuss an example of the same bonus: 100% up to AUD 100 on the first deposit. We will take the medium wager - x45. It is considered as standard and even less common x50. We need to make a bet AUD 4,500 for wagering. Now we need to get to know the total percentage of payments in a particular casino (in all games on average). This indicator is equal to 97.5% in good casinos. Now let's multiply AUD 4,500 by 2.5%, and we will get the pure profit of the casino with this amount = AUD 112.5. Once again, this is a theoretical value, not the exact amount! You should understand it.
As you can see, AUD 112.5 is more than AUD 100. It means that even if you successfully wager the bonus, the casino will remain in plus, it is profitable. Some casinos offer to wager of x40.
In this case, they will earn as much as to lose - AUD 100. Most often, this situation for the casino house is not profitable, and the wager requirements are tried to toughen (if it is possible). But the young sites which have just opened, go to considerable indulgences in an attempt to attract new players. They can make a wager of x30, but they will lose money. You can count yourself. If each player is charged money, for instance, AUD 50 on average, so what will the amount be in total? AUD 50,000? AUD 100,000? The amounts can be huge. And no one wants to risk them.
Wagers for free spins, cashback and other bonuses
Other bonuses usually have the wager requirements. It is very rare when a casino is so generous (or rich) that it gives bonuses without wagering. So, do not blindly believe in advertisement "Register and get AUD 10 to the account free!" No, of course, you will get the money, but you will not be able to withdraw the prize immediately. At first, you will need to win back it. So, what kind of wager requirements are for other bonuses:
Possibly the most popular type of bonus is the free spins. Modern casinos like to give free spins, and a lot - 100+ for specific pokies. Of course, you should also wager them. Here wagers can vary greatly – from x10 to x60. There is no universal meaning; all casino houses have their conditions. But there are Australian online casinos, in which the free spins are at all without a wager.
Every person wants "no-deposit bonus" in the casino; this is a win-win variant. But also, you need to wager them; there are without surprises. And besides, the wager can easily be x50 and x60. This is a fairly simple, but very effective trap. The player gets free money, wins something, but he cannot withdraw the money. All in all, everything is limited to new and new deposits, which is the final goal of any casino house.
It is a prevalent type of bonus, which most often repeats the conditions of the bonus on the first deposit – a wager from x40 to x50. You can regularly meet the reload bonuses with slightly more loyal conditions compared to a wager on the first deposit, for example, x40 and x50 respectively.
The most common wager trap
Yes, but only at first sight. Often in such cases, you need to wager not only the amount of the bonus but also the deposit itself, that is, the wager requirements are imposed on the bonus amount and the deposit. And in sum, it is not x30, but x60.
And this is very standard practice. Also, many illegal casinos hide the bonus rules and conditions that you cannot find them right away. So, as you see, the bonus is good, but there is no information about the wager. You should always consult with support in such cases and control this situation. In good casinos (as Fastpay), the info and wager are written immediately under the bonus. Not on a separate page, but you can find it IMMEDIATELY at the bonus. This is the most suitable variant for the player, and moreover, it is the most honest from the side of the casino.
So, is it worth taking bonuses?
So, let's make the conclusions. Our discussion is not so optimistic, as we wish, but in reality, everything is not so wrong. And in recent years, wagers have become more substantial, but this is a necessary measure, without which the existence of an Australian online casino would not be. If you play regularly (especially at the pokies) and at low bets, then it will be profitable to take bonuses – it will be even necessary. Because in both variant you have to play at the pokie. But we have some positive aspects. Still, sometimes with bonus money, you can win a decent amount.
If you are a high roller – you will not be needed a bonus. Spare AUD 100-200 will not change the situation if the deposits exceed AUD 500-1000. If you take some encouragement, you will strongly limit the maximum bet, and then you will be unhappy. Still, for a high roller, it is essential to get a high level of adrenaline, and it happens only when playing at maximum bets. Once again, you need to read the conditions! It is the most important. The bonus can be profitable or not profitable, but you should know about it in advance.
Where to play?
- We recommend choosing the best Australian casino on our website - Fastpay casino. You will find all versions of table and live blackjack, fair attitude to players and instant payouts (1-5 minutes).