Wager Betting
Posted By admin On 13/04/22- Sports Betting Wager Calculator
- Betting Wager Calculator
- Wager Sports Betting
- Wager Betting
- Horse Betting Wager Types
With the online gambling marketplace becoming so competitive, it is perhaps no surprise that gambling sites use clever marketing ploys in order to entice new players their way.
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- You can use the word wager as either a noun or a verb, to mean 'place a bet' or 'the amount of money being risked in a bet.' So you could offer a wager at the poker table, or ask if anyone wants to wager.
One of these tactics is through seemingly generous sign up or welcome bonuses, which grant new players a host of free bets or cash bonuses for opening an account with them. These can take the form of matching your first deposit with free cash, free bets when you stake X amount, or even just free money – no questions asked.
That sounds pretty good, what’s the catch?
The only fly in the ointment from a punter’s perspective is wagering requirements.
What are wagering requirements?
These are essentially the hoops that you will have to jump through in order to get your hands on your bonus and any winnings that come from it. This is generally known as the ‘play through’, and will state how much money you need to stake in order to activate your bonus and profits.
Luckily wagering requirements, or play through, is always low for sports bonuses and free bets.
The majority of wagering requirements are also accompanied by a list of terms & conditions as long as the Magna Carta too, so it pays to become acquainted with these as they will outline exactly what you need to do to secure your bonus or free bets.
How Do They Work?
Some examples:
So let’s say that your chosen a deposit bonus which has granted you a welcome bonus of 100% up to £200. Thanks very much!
But there’s a clever bit of wordplay here when you look closely: up to. So it could well be less. This amount is directly linked to your first deposit amount so if you only fund your account with £10 you only get a £10 bonus.
This will all be outlined in those pesky T’s & C’s, so do take the time to check.
To be able to withdraw your bonus if you deposited £50 these are the requirements you’d need to meet:
- You are given a £50 bonus
- A stipulation of 3x deposit + bonus amount wagering requirement is in the T&C’s
- You will thus need to stake a total of £300 to release your bonus cash.
- Any winnings and your bonus will then be transferred to your account balance and you can withdraw or continue betting.
When you look at it that way, it’s not surprising that some people get a little annoyed with welcome bonuses as they’re not always as they seem on the surface. Are they a scam? No but you do need to do your homework.
The 3x wagering requirement is obviously a hugely favourable one for the player, and in most cases will be a lot higher – casino bonuses for example are usually between 20x and 50x.
Tiered wagering requirements
Sometimes a gambling site will offer what is known as a tiered wagering requirement, which is a staggered collection of payments. An example might be:
| Time Limit | Requirements | Bonus |
| 7 Days | £20 | £20 |
| 30 Days | £250 | £30 |
| 60 Days | £500 | £50 |
In this example, even though the tiered wagering requirements make it seem slightly different, the ultimate bottom line is that you need to wager a grand total of £500 within two months of opening your account in order to access your £100 worth of total bonuses.
And whilst this will make it ‘more affordable’ for you, e.g. playing in installments rather than all at once, at the end of the day the financials are still the same.
Wagering Requirements: An Overview
Hopefully this has given you an insight into the sometimes murky world of wagering requirements, which are a bit of a pain after being promised such a great deal by your casino or bookmaker.
Sports Betting Wager Calculator
But it makes business sense for an online gambling platform to do this; to entice new customers but to protect themselves financially. It is a perfectly legal and above-board way of generating new custom.
Betting Wager Calculator
As the old saying goes ‘only fools rush in’, so do take the time to read the terms & conditions as specified by your provider. The wagering requirements will be clearly stated here, and ultimately it is your responsibility to understand the implications of accepting a sign up bonus or offer.
Unsurprisingly, many of the complaints that casinos and bookmakers receive are from customers who claim they didn’t know about any wagering requirements, and want their bonus cash pronto. Well, they should have read the T’s & C’s then….
As soon as you sign up for a new account, you have accepted the terms of the sign up offer. There’s no going back now.
You Should Also Read:
When looking to venture out into sports gambling, you are likely to find hundreds of online sports betting sites out there. When looking for the best sports betting sites, therefore, the most important issues to consider are the perks that come with the websites. This will ensure you enjoy the greatest sports betting online experience. These perks include signing bonuses and easy usability among others. In this article, we are going to review three of the best online betting sites, which are Bovada, BetOnline, and MyBookie.
#1 Bovada
Bovada.lv also known as Bodog.com in Canada is among the best sports gambling websites that has been in existence since 1994. The site’s domain is registered in Latvia. The platform provides access to sport, casino, poker, and racebook wagering.
Bovada has continually offered promotions and offers to its customers. For instance, first-time deposits for sports get bonuses of 50 percent for deposits up to $250, 100 percent for deposits up to $1000 for casino bets, and 100 percent for deposits up to $1000 as poker bonus.
Making a deposit or a withdrawal is easy and only attracts a small fee. For first-time deposits, the processing fee of 4.9 percent is waivered. Payouts are done using rapid transfer, otherwise known as money gram.
Wager Sports Betting
Bovada allows sports betting online on their user-friendly mobile interface or in their state of the art poker and casino gaming rooms. The minimum wager online is $1 and $50 for mobile bets. The only limitation to using Bovada is that the odds are posted late and that they have very low wager limits.
Wager Betting
#2 BetOnline
Licensed and regulated in Panama, BetOnline offers sports, live, poker, casino, and live dealer types of betting. It offers a wide range of payment options and several accepted currencies, thus making it one of the most convenient sites for customers across the world.
You get a welcome bonus of 50 percent on deposits up to $2500. However, bonus levels are tiered for different types of wagering. The online game library is categorized into 3D slots, table games, slots, and video poker. Most of the bets are placed online since their mobile platform only allows sports betting.
Horse Betting Wager Types
Maximum and minimum deposits and withdrawals are different for different payment options that are offered on BetOnline. Its major shortcoming is that it has high rollover requirements that customers might find difficult to understand.
#3 MyBookie
MyBookie is one of the newest top online sports betting sites in the market. It was established in 2014 in Costa Rica and is fast growing to compete with other older bet staking sites. The minimum online wager on MyBookie is $10 and the maximum is $1000. For mobile wagers, however, there are no limits.
Wagering options for MyBookie include straights, totals, open wagers, action points, teasers, reverses, if bets, futures, and money lines among others. You can bet on games such as NFL Football, college basketball, NBA basketball, NHL hockey, soccer, golf, and horse racing among others.
With one of the highest bet bonuses in the industry, MyBookie gives you a welcome bonus of up to 50 percent for up to $1000 if you are a first time depositor. For reloads, they offer a 20 percent cash bonus. This makes it one of the best sports betting sites.
Its mobile platform has a user-friendly interface that makes it very easy to use. Their customer service is also highly efficient and offers top-notch customer service. This puts them among the best online betting sites today. MyBookie, however, only caters to recreational gamblers as opposed to other top sites that allow professional gambling. The site has also been said to lean more on the US sports market as compared to international sports.