What Does Wagered Mean in Betting?

When we talk about online sports betting, the term “wagered” means how much money a player bets on certain matches. Basically, it is what you spend playing at online bookmakers.

Nevertheless, you must understand this term perfectly if you wish to enjoy betting-related bonuses. This article will explore just that and give you all the ins and outs to let you explore betting sites like a pro.

What is a Wager in Betting?

We can expect to see the term “wagered” in two different contexts in the world of online gambling. First of all, it refers to the amount of stake you bet on a given event. If you placed a bet, you wagered.

However, if you wonder what’s a wager in betting bonuses, this refers to how much you need to play from your bankroll before you can cash out your bonus. This sum is one of the most important bonus restrictions: wagering requirements.

A Guide on How Wagering Works in Different Types of Betting

So, what does wagered mean in betting on sports and in casino games? What’s its impact? As we’ll see, the mechanism is pretty much the same, and what changes are just some little nuances. Let’s see this better with a few practical examples.

Sports Betting

When it comes to bookmaker bonuses, only sports betting events count towards the wagering requirements. You must pick events that abide by every single one of the rules that are set in the terms and conditions. The main requirement is that you must bet on events that have odds of at least those set in the minimum odds requirements.

However, eligible bet types and betting markets are also determined in the bonus terms. For instance, wagering on certain bet types, like multiples, won’t count towards satisfying the bonus T&Cs. Wagering requirements for betting bonuses are usually around 5–10x.

Casino Games

Visiting a good platform like the gambling company Gamblizard, you’ll find plenty of attractive bonuses. Once you set your eyes on a particular offer, you must check the T&Cs. Then, you’ll quickly find that different casino games contribute to the wagering requirements in different ratios.

So, if you play games that contribute only 10% to the requirements, you just make the wagering requirements 10 times bigger. Also, certain games (normally blackjack and poker) might be completely excluded. In general, fair wagering requirements for casino bonuses are in the 35–40x range.

How to Calculate Wagering Requirements

The wagering requirement is a simple number. For our example’s sake, let’s say that our theoretical rollover requirement is 10x (which is very much possible for betting bonuses). If the bonus is a 100% deposit bonus up to $100 and we claim that entire amount, then we have to multiply the bonus amount with the wagering requirement.

The result will show us how much money we need to play through before we can cash out our bonus prize. In this theoretical case, we must play at least $1,000 [100 (bonus amount) × 10 (wagering requirement)].

Sometimes, sportsbooks set the wagering requirements for the sum of the deposit and the bonus. In the case of 100% match bonuses, it just means double the wagering requirement. Players can count the sum by adding the deposit and the bonus amount (100 + 100 = 200) and multiplying it with the wagering requirement: 200×10 = $2,000. So, in this case, you must wager at least $2,000 before withdrawing your funds.

Top Tips for Meeting Wagering Requirements

Even if you now understand what is wager in betting bonuses, it’ll pay off to keep these suggestions in mind:

• Read the bonus terms. Always start with this step. Understand the rules as much as you can: eligible games, max bets, minimum odds, validity… You must be aware of these restrictions.

• Play high-contribution games. If you read the terms and conditions, you’re aware of which games contribute 100% to the wagering requirements. Play those for maximum efficiency.

• Play games with low volatility. Low-volatility games are known for more frequent payouts. The more you win, the higher your chances are for passing the wagering requirements.

Common Mistakes with Wagering Requirements

Gamblers rarely enjoy wagering requirements because they just make bonuses less fun. While we agree that wagering requirements are, in fact, the party poopers in this story, it’s also true that sometimes we just need to pay more attention to them. These are some of the most common mistakes players make when dealing with wagering requirements:

• Not reading the T&Cs. We said it before and we’ll never tire to repeat it: you must read the T&Cs in their entirety. Most disappointments related to bonuses come with not being able to withdraw winnings because we didn’t comply with the rules.

• Not taking time into account. Most people claim a bonus immediately, even if they don’t have time to play at that precise moment. However, each bonus comes with a validity period. If you fail to complete the wagering requirement during this period, you lose the entire bonus amount, as well as everything you won using your bonus up to that point.

• Overlooking details. Pretty much related to reading the T&Cs, playing down or ignoring some details might cost you greatly. For instance, when working towards clearing the wagering requirements of your bonus, you must keep in mind minimum and maximum bets/odds, available games and their contribution as well as maximum winning and withdrawal limits.