- Written by Kamen Valev
Bonus wagering at online casinos in Canada! Risk-free gambling: delusion or reality?
Find your favourite paragraph:
- Why casinos prohibit wagering without risk?
- In regard to the slot machines
- Limiting the maximum bet
- Using risk-free betting in tournaments
- Related articles
All the gambling houses have adopted the basic principle: placing a bet without risk on their table games is not allowed if you hold an active bonus. By violating this principle, you sure will lose your money. The ground of this loss will be the simple logic that losing money is slower than the already predetermined for the bonus mandatory wager requirements.
The only way for a gambler to make money in an online casino is to find an “escape door,” where you can complete wagering without breaking any casino principle.
- We want to start playing by using a 100 CAD welcome bonus.
- This bonus has 30x wagering, so we have to complete 3,000 CAD wagering requirements (30x100).
- We decided to check our luck on the European roulette.
- To make a 3,000 CAD bet, we can put 1,500 CAD on red and 1,500 CAD on black.
- In case the ball falls on zero, we will be losing everything.
- To save ourselves from such an outcome, we will place 83 CAD on zero.
(83 * 36 = 2988).
- If this table has a restriction and doesn’t permit such betting on one spin, you can divide the rest of the money between some numbers manually (additionally to big chances bet).
- Even if we lose this CAD 83 (having CAD 100 in bonus money), we are still 17 CAD in plus
(100 CAD –83 CAD).
- Now imagine that the bonus is not 100 CAD, but 200, 500 or even 1,000 CAD.
Usually, for playing with bonus money, online casinos maintain wagering requirements of 35x or 40x.
Some casinos can offer even higher than that - wagering requirements of 50x, for example. The RTP percentage of online slots is commonly in the interval between 90% and 99.5%. You can feel in your comfort zone getting positive winning expectations by playing at slots with RTP higher than 97% and using bonuses with 40x wagering and lower.
- For further information, please go to the next page: How to get a positive expectation of winning.
Gambling houses often have restrictions on the maximum allowed bet on wagering. This will say that a player cannot place a bet of 10 CAD when the max bet is being limited to 8,5 CAD. This is done essentially to prevent playing the bonus money at once so that the statistic system will be able to operate more precisely. This way, the player is forced to make a larger number of spins. The payout statistics will then be presented with more accurate data for analysis, which reduces the player’s chance of significantly winning a large amount. Ultimately the bet limitation put brakes on making bets with minimal risk.
In some cases, a gambling house can fail to note with a rule appendix (in the terms and conditions) the restriction of the use of risk-free bet while assembling table game tournaments. If you happen to detect that – you can have a premium chance of winning this tournament, using the maximum number of bets. You will need a bonus in the best-case scenario, which later you can secure back, once you start winning stakes in the tournament. In order for all this to start working, you must first study the competition regulations thoroughly and, respectively, the bonus policy of that contest organizer.
Are bets with minimal risk prohibited everywhere?
Player has a chance to put bets with minimal risk only at casinos which don’t have strict ban rule against such bets. Nowadays, almost all big casino companies have a well-regulated prohibition of the use of minimal risk bets. You can read more on this topic in the casino’s terms and conditions.
Illustration of such prohibition
One perfect example of formulating this rule can be seen in the regulation terms of Bet365 Casino in the next passage:
“In the process of meeting the bonus wagering requirements, it is prohibited to place bets with minimal risk. If this is used, Bet365 Casino reserves the right to withdrawal all bonus money from the player’s account and close it.”
For the game's sake, it is instrumental in grasping how to use the risk-free wagering with success, so that you can play with a bonus bound by lower wagering requirements than the percentage of loss in that game. Or else your game will be worthless. This tactical approach is applicable to table and live games as well.
Where to play?
- We highly recommend you choose the Fastpay casino as your favourite in Canada. You will be pleased with the excellent customer care, as well as instant withdrawals (1-5 minutes.) Also, they have one of the best VIP bonus programs for loyal players.