All of Dr Slot’s generous bonuses have a wagering requirements of 40x. This means that the bonus amount you receive must be wagered through 40 times before it is eligible for withdrawal. For example if you receive £100 in bonus credit, you must wager £4000 before that bonus is withdrawable. Join Dr Slot online casino, unlock up to 120 free spins and an up to £1000 casino bonus. Winnings awarded as bonus credit with a 40x wagering requirement. This may increase illegal online gambling in the UK-Players will play more frequently-Slots may have time limits-A good chunk of 3 billion in tax will be lost-Many online casino workers will lose jobs-Reduced deposit matches for players-High wagering requirements will be implemented-Casinos may limit the number of slots you can play at a time.
If you’ve been keeping up, you will know that the UK has already made some changes in regard to online gambling in the past couple of years.
The use of credit cards in online casinos has been banned, the verification requirements have become a lot more strict, and some other regulations have come into place. Now we are seeing some new laws that will affect the gambling online experience for anyone residing in, or traveling to the UK.
The UK is fairly lenient when it comes to online gambling. The legal age for igambling is 18, and there are many casino sites that are available to UK players. However, due to some issues regarding fraud and gambling addiction, some new regulations were proposed, and are now being set into place. Of course, that is upsetting to many online casino lovers, as the new laws are putting a cap on some bonuses, and online casino VIP programs. So what are these regulations, and how will they affect online slot gambling for UK players?
New proposed online gambling regulations
There are numerous laws and regulations that were proposed earlier in 2020. However, not much has moved due to the pandemic, and it looks like the changes will be implemented at the beginning of 2021. So if you’re reading this before the New Years – enjoy your last few weeks of gambling online without losing some perks. Do note that laws typically take a while to come into effect, so you may have some time to bask in freedom. That being said, we can’t tell you the exact dates of when the new regulations will take place, but we will tell you what’s currently cooking, and what laws have already come into place.
Forget about gambling online with credit cards, as this opportunity was completely banned in April 2020 due to continuous fraud, heavy gambling addictions, and the increase of financial struggles due to overspending. This may be a good thing because it’s incredibly easy to spend money that you don’t have and end up in heavy debt.
Forget about high betting on slots. The betting stake limit in FOBTs has been reduced from £100 to £2 in April 2020. And unhappy as some players may be about this, it seems to be a pretty reasonable change as betting £100 per game is sort of insane. For those feeling “lucky” and betting such high numbers 5 times in a row may result in some sad, withering wallets. Now, we don’t know for sure – but there are some talks about putting similar caps on online gambling bets. Nothing is for certain, as we don’t know what the reduction will be, or when this law will kick in.
Here is what we do know:
Most slots only allow you to bet anywhere from .5-2.00 per spin. But certain ones allow you to bet as much as £200 per spin, and that’s extremely high. You spin 3 times at the maximum bet, and you’re already £600 short if you don’t win. Sure, the jackpots and the payouts may be mind-blowing, but what are the chances you will actually win more money than you spend?
This is the very reason why there is a betting cap being proposed because any sane person can agree that such risk is absurd, and for those who aren’t living a lavished life, these sort of stupid bets can result in debt, homelessness, mental issues, as well a bouquet of addictions.
So now there is some talk about capping the betting amount at £2, which is significantly smaller. As we already mentioned, this is not yet imposed on online casino providers, but more than likely it will happen in the early stages of 2021. There also may be a limit for how much you can bet on a slot per day, which we believe will be £100 every 24 hours.
Let’s discuss this online slot betting cap proposal
As you can imagine, this new proposed law is rather upsetting to both players as well as online casino operators. Understandably so, as players won’t be able to take as big of risks that make gambling as exciting as it is. And operators will lose a good chunk of money since the bets are considerably lower. Not to mention, the bonuses that attract casino lovers will slowly wither and become much less thrilling. If you’re a fan of online casinos, this may send you into a whirlwind of mixed emotions as well. Let’s reason, and put all the pros and cons into perspective. That way it will be easier to decide whether this decision is rational and moral in the grand scheme of things.
Pros
-This cap may reduce debt potential for players
-Those addicted to gambling on slots will not be able to go as crazy when making bets
-Reduction in crime due to gambling issues and losses
-May deter some from gambling whatsoever
-This may make short term betting more beneficial
-Will prevent new players from overspending before they get a feel for the slot
-Easy to recover the previous losses
Con
-Those who can freely afford to make big bets will be restricted
-Bonuses and promotions for slots will be reduced
-VIP Programs won’t offer as many perks for slots
-Playing slots will be a lot less exciting
-May result in some online casinos shutting down
-Slots will have smaller Jackpots
-Players may resort to offshore casino sites, leaving UK gambling sites high and dry
-This may increase illegal online gambling in the UK
-Players will play more frequently
-Slots may have time limits
-A good chunk of 3 billion in tax will be lost
-Many online casino workers will lose jobs
-Reduced deposit matches for players
-High wagering requirements will be implemented
-Casinos may limit the number of slots you can play at a time
Conclusion
It looks like there are a whole lot more cons than pros in regards to the issue, however, the weight of each advantage easily outweighs all of the disadvantages put together. Sure, it may be unpleasant to have such restrictions, but it will benefit those who cannot handle responsible gambling.
And if you’re not one to carelessly wager insane amounts of money, know that this may very well improve, and even save the lives of your fellow players. Online gambling addiction is a serious thing, and financial struggle may lead to very unpleasant aftermaths.
However, if you intend on playing online casino slots regardless of the proposed laws, make sure you do it on the right sites. Casinority.com will direct you to the top UK online casinos that are 100% secure. And once this law passes, Casinority experts will guide you to the online casino sites that have the best bonuses for UK players that comply with the new regulations.
Wagering requirements are a confusing thing to many new online gamblers, especially since they can also be called ‘playthrough requirements’ or ‘rollover requirements’, further complicating the matter. Put simply, wagering meaning can be defined as the number of times you have to get a bonus before you can withdraw it. For example, if you took a £100 bonus at x20 wagering requirements, you would have to make £2,000 worth of bets before you can withdraw the £100.
That might seem impossible, but it’s not. Check out our guide on how to beat them for some insight.
What are wagering requirements and what’s the easiest way to understand what they mean for you as the player? This short, simple article will explain them.
We’ll look at the most important things about wagering requirements, including:
- What is wagering requirements/what does wagering mean in gambling?
- What is wager x20?
- How bonus wagering requirements work and how casinos always win by using them?
- How can you beat online casino wagering?
- What’s a low wagering requirements casino?
Wagering Meaning Defined
Don’t confuse wagering requirements with wager. They’re different terms. For those who don’t have the time to read the entire piece, wagering requirements make it difficult for you to withdraw the bonus cash you are given. We don’t like them, and we know you won’t either. We prefer casino bonuses with no wagering requirements. They’re not as ‘exciting’ as the free money offers, but it’s 100% honest. You get to keep 100% of what you win.
Now, back to what wagering requirements actually are…
Imagine the following casino welcome bonus offer:
“Get a 100% deposit match up to £2,000 on your first deposit. Minimum deposit £20. x20 wagering requirements apply”.
What this means is that if you deposit anything up to £2,000, the casino will double your money. However, the wagering requirements clause means you’ll have to bet that money x20 over before you can withdraw it, or any winnings you get on top of it. Let’s say you deposited £100 and the house gives you another £100 on top – you would have to bet £2,000 before you can withdraw the bonus money. Hopefully, this helps you to understand wagering meaning in gambling.
Let’s say you take the offer and play slots, and you hit a nice £5k jackpot. If you’ve burned through the initial deposit and are now using the free casino bonus, you’ll have to bet it x20 over before you can withdraw that jackpot.
This is how the casinos make their money. To be fair, you can’t expect them to be dishing out thousands of pounds willy-nilly. After all, they’re a business and they’re out to make money. Wagering x20 isn’t as hard as it initially seems, but it is highly unlikely you’re going to be able to withdraw that money, and that’s exactly what the casino wants. Even at low wagering casinos, you will have to bet bonus cash between 5x and 10x.
The best way to look at welcome bonuses and deposits is free money to play with. In realistic terms, you aren’t going to make the wagering requirements and win without extreme luck on your side. That doesn’t mean, however, that you can’t enjoy playing your favourite slots, tables games or card games using that money.
Don’t bank on betting the house’s money x20 and winning. The games are based on probability and you’d have to have a horseshoe up your arse to be able to bet that many times over and win. However, the house’s money can be used to just have fun and play your favourite games at whatever casino you desire.
It’s still always best to find casino welcome bonus deals with the lowest possible wagering requirements, giving you the best chance of being able to actually win and withdraw that money plus any associated jackpots. Anything between x20-x35 is normal but stay away from the casinos that take things over and above this as x40 or x50 would be nearly mathematically impossible to meet. Rather than try to meet them, just play at the lowest wagering requirements casino in the UK – PlayOJO, which has no wagering requirements at all. It’s also important to play the best slots for wagering. There’s no point in understanding the wagering meaning without knowing how to take advantage and beat them!
What does wagered 30 times mean?
Wagered 30x means that you have to bet the bonus 30 times before you can withdraw it. For example, if you get a £100 bonus, you have to wager £3,000 before you can withdraw the bonus. This isn’t as impossible as it first seems, but it will require some luck.
Wagering Requirements & Time Limits
Most bonuses also usually also come with time limits. For example, they might say you have to meet them within 30 days, 90 days, or whatever the casino in question determines. Always read the small print to find out about time limits as well.
Let’s say the wagering requirements at a wager casino are x20 and have to be met within 30 days. You deposit £100 and get £100 to play with from the casino. That means you’ll have to bet £2000 within 30 days or the deposit money will be cancelled and any winnings will be declared void.
Casinos do this for cash flow reasons. They can’t give you their money and let you sit on it forever as this would make it hard for them to meet their substantial operating expenses. Some give more generous time limits than 30 days, but they all have time limits in some form.
Play Through Rates and Game Weighting
The final thing to consider is game weighting. Once you understand wagering meaning, you have to go deeper and understand this too.
Game weighting means, in a nutshell, the percentage of bets that will count towards meeting wagering in a given game.
For example, slots almost always count 100% towards wagering requirements. That means that for every penny you bet, you’re working towards meeting the wagering requirements. However, card games like blackjack rarely count 100%, and might be assigned a game weight of something like 70%, meaning that for every 10 you play with, 7 will count towards wagering requirements.
Always check the terms and conditions of a given deposit bonus of welcome offer to check what games count. Since most online casino players play slots more than any other game, this shouldn’t be of too much concern. If you’re out to play another game, however, you need to consider if you’ll need to bet more to meet the wagering requirements. Again, the best casino sites with no wagering requirements eliminate this issue altogether. Game weighting brings a whole new element to wagering meaning.
Dr Slot Wagering Requirements Racing
Wagering Meaning Summary
As you can see, wagering requirements virtually guarantee the house will be getting their deposit money back again. Only a few lucky fish slip through the net of playthroughs and actually put the casino cash in their pocket. You will stand more chance if you play high RTP slots.
Knowing this, just take the money with the aim to play games for free. You might as well approach it that you aren’t likely to win using the welcome bonuses, because that’s basically the truth when you look at it objectively. Still, these offers are there for the taking and you can try out all of the various games and play whatever you want at the casino without using your own cash.
Dr Slot Wagering Requirements Online
If you do manage to score a huge jackpot using the welcome bonus money, such as x100 the value of the bonus then you can bet away to meet the wagering requirements, knowing that when you do, you’ll be able to make the withdrawal and still be up a large amount of money. For example, let’s say you spin slots with a £100 bonus and win £10,000 – you’ll only have to bet £2000 before you can withdraw the jackpot, provided the wagering requirements are x20 as in our previous example.
Remember, it’s all free money at the end of the day and you just never know – you could be spinning away on the likes of Mega Moolah and could hit the progressive jackpot. At that point, meeting the wagering requirements before you can withdraw will be a walk in the park.
Did you enjoy this article on wagering meaning? Did it explain them properly or do you still have unanswered questions? Drop us a comment and let us know. We suggest you claim some free spins no wager and say adios to wagering requirements for good.