What are considered normal waging requirements?

[jogobo]

Hi Guys,

 

I'm currently translating the terms and condition of an online casino, and the terms and conditions on the bonus wagering requirements caught my eye; the bonus has to be wagered around 30 times within a time period, meaning a deposit on only 20 euros would have to be played for an amount worth of 800 euros. And that's not all, as there is a separate bonus account, on which the bonus is tored, but the wagered bets will be taken from the users actual account, where their actual money is, until their actual money runs out, only after which the bonus money can be used. It seems almost impossible to play 40 euros for 800 euros worth without adding more real money. And if the wagering requirement isn't met within a certain period of time the bonus will deleted. And if the player tries to make a withdrawal (as I understand it, also real money withdrawal) before the wagering requirement is met, their bonus will be deleted.

Could someone be able to say if this is (at least vaguely) the industry standard? I don't want to be a part of a semi-scam to get people spend their money on something that has no chance of being of any benefit to them.

 

Thanks!

[Fiekie247]

 

Hi Guys,

 

I'm currently translating the terms and condition of an online casino, and the terms and conditions on the bonus wagering requirements caught my eye; the bonus has to be wagered around 30 times within a time period, meaning a deposit on only 20 euros would have to be played for an amount worth of 800 euros. And that's not all, as there is a separate bonus account, on which the bonus is tored, but the wagered bets will be taken from the users actual account, where their actual money is, until their actual money runs out, only after which the bonus money can be used. It seems almost impossible to play 40 euros for 800 euros worth without adding more real money. And if the wagering requirement isn't met within a certain period of time the bonus will deleted. And if the player tries to make a withdrawal (as I understand it, also real money withdrawal) before the wagering requirement is met, their bonus will be deleted.

Could someone be able to say if this is (at least vaguely) the industry standard? I don't want to be a part of a semi-scam to get people spend their money on something that has no chance of being of any benefit to them.

 

Thanks!

 

The standard that most casinos implement are the following

 

X40 - Bonus amount only or x50 - Bonus amount only.

 

x30 - (deposit +Bonus) x35 - (deposit +bonus)

 

For me what is decent is x20 the deposit +bonus or x30/35 the bonus amount only.

 

Direx N.V group casino (Bitstarz casino, Space Casino, Dasist, Playamo casino etc) has x30 - x40 the bonus amount only.

 

Other have x35 the (D+.

 

How about you play at Casumo or Slotsmillion - Where real money is used and you can withdraw whenever you want to.

 

Hope the above helps.

[pinnit2015]

Can only talk about UK but our bonus offerings have taken a hammering due to the changes to the tax that has to be paid on them - fewer of them and more wagering where they are offered (lovely UK Govt just announced today that gaming taxes are to increase so i'm sure your average punter and smaller casino will feel the brunt of that)

 

Normally x35 here...x40 max. I don't really have a problem with them/the wagering - they are second chance offerings, not tied to real cash here anyway so ho hum....

[Afi4wins]

Hi Jogobo, welcome to Askgamblers. 

 

I'm just wondering...are you translating the terms to understand them before you start playing?...or are you translating them to write an article, perhaps in your own website? 

[jogobo]

Hi Fiekie, Pinnit & Afi

 

Thanks for your answers. 

And Afi:

I've been hired to translate a gambling website into another language so that their service can be sold in the target language country, and I just wanted to be sure I'm not taking part in any scheme to exploit consumers.

 

Also, one more question, it seems like for some of the games in the casino only 50 or 75% of the bets is actually counted towards the 

[Fiekie247]

 

Also, one more question, it seems like for some of the games in the casino only 50 or 75% of the bets is actually counted towards the 

Yes

 

This differ from Casino to Casinos, like Dead or Alive/The wish Master are not allowed to played with bonus funds, as you can easily win a huge amount of money and complete wager which means the casinos suffer a loss.

 

Some games contribute at lower rates, because of the frequent wins and that makes wagering much more easier, example : Sugar Pop slot.

[pinnit2015]

You might want to look at any reference to the maximum conversion. Take a 50 quid bonus, with x2 conversion, means that should you meet wagering with 1000 in the balance , only 100 will be paid. Viks and Progress Play casinos like Mr Superplay have ones like this.

 

Does having such a low conversion make a casino bad/dodgy? Hmm... not really, it just means they’re not a bonus players ideal place. At the end of the day, unless it’s being randomly dropped into your account, no one forces you to take it etc.

 

Poor bonus terms don’t bother me that much if I’m honest. Only issue is if those poor terms spill over to the rest of the casino.