Bonus wagering with minimal risk
You may have noticed that many casino games are excluded from the list, where the player can complete wagering requirements on bonus money. Usually among them are table games, high volatility slots and live dealer section. However, some online casinos allow wagering on these games but prohibit strategies that will enable gambling without any risk. This subject is going to be discussed in this article. What is risk-free gambling at an online casino and how it can be used for bonus wagering?
Why casinos prohibit wagering without risk?
As a rule, all online casinos prohibit placing bets without risk on their table games if you have an active bonus. If you break this rule, you will lose your money. The reason is that the progress of losing money will be slower than the set of necessary wager requirements for the bonus. If a player finds systems that will allow completing wagering, without breaking the rules, he will make money in an online casino.
We decided to claim a €100 welcome bonus. This bonus has 30x wagering, so we have to complete €3,000 wagering requirements (30x100). We decided to play on European roulette. To make a bet of €3,000, we put €1,500 on red and black. However, if the ball lands on zero, we will lose everything. Therefore, to protect ourselves, we will place €83 on zero (83 * 36 = 2988). If the table limits don’t allow such bet in one spin, you can manually split the additional money between numbers (additionally to big chances bet).
Even if we lose this €83 (having $100 in bonus money), we are still $17 in plus ($100 - $83). Now imagine that the bonus is €200, €500 or €1,000.
As for slots
Online casino bonuses often have the wagering requirements of 35x or 40x. Some casinos offer higher wagering requirements (such as 50x). The RTP percentage of online slots is between 90% and 99.5%. You can get a confident expectation of winning by playing at slots with RTP higher than 97% and using bonuses with 40x wagering and lower. For more details, visit the next page:
Limiting the maximum bet
Online casinos limit the max bet on wagering. For example, you cannot place more than $10, while the max bet is limited to €8.5. This is done primarily to ensure that the player finds it harder to play out the bonus money and for the statistics system to perform more accurately. Since a player must make a large number of spins, the payout statistics will be presented more accurately and the chance that the player will win a large amount decreases. This restriction significantly slows down the use of bets with minimal risk.
Using risk-free betting in tournaments
There are situations when a casino forgets to include the rule about limiting the use of risk-free bet in the terms and conditions of table game tournaments. This is an excellent opportunity to win this tournament, gaining the maximum number of bets. Ideally, you need a bonus which you will be able to win back while picking up stakes in the tournament. But first, you must carefully read the rules of the competition and the bonus policy of the casino.
Bets with minimal risk at a casino are prohibited
Placing bets with minimal risk at the casino can only be used if the casino doesn’t expressly prohibit their use. However, almost all big casino operators prohibit their use, and you can read more about this in the casino’s terms and conditions.
An example of prohibition
An excellent example of this can be seen regarding using Bet365 Casino in the following paragraph: “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.”
It is essential to understand that effectively use risk-free wagering, and you must play with a bonus that has lower wagering requirements than the percentage of loss in a selected game. Otherwise, this would be meaningless. This strategy applies to both table games and live games.
Where to play?
- Try out the best gambling place on our website - Fastpay casino. There you will find all versions of table games and live blackjack, also a fair attitude to players and instant payouts (1-5 minutes).