Everyone’s looking for a bonus or three, but the online casino pros will know that not all bonuses were created equal. Anyone who’s reading this has probably played for at least a little while and has figured out that it’s not just about the highest amount of free money that a casino promises. You can have 2 offers that offer a 100% bonus, and if you look at their terms and conditions you might find one is significantly better than the other. And one of the most important terms behind a bonus that affects its actual value is the wagering requirement.
What’s a wagering requirement you ask? That’s the amount of real money you need to bet before you can withdraw your winnings that were won on bonus money. Thus, the lower the wagering requirement, the better the deal, because it means an easier and faster cash out.
Real value comes in the details. We’ve sourced some of the most played and trusted online casinos by New Zealanders, and that have low wagering bonuses. And we will also explain in detail how bonuses actually work. But first, here’s a quick intro to casino bonuses, the technical details and the mathematics involved.
A wagering requirement, sometimes also called a playthrough (or playthru) requirement, is how much real money you need to bet before you can cash out your wins from bonus cash. Usually the requirement is a multiple of the bonus. So for example:
There’s a 100% up to $200 offer, with a requirement that’s 35x bonus.
You decide to deposit $100 and receive a $100 bonus. While playing with the bonus cash, you win $5,000.
To withdraw the $5,000 you have to meet the 35x bonus requirement. That’s 35 x $100, which makes it $3,500. So this means you need to bet $3,500 before you can cash out that $5,000.
If the requirement was only 30x, then you would only need to wager $3,000 before cash out. That’s why lower wagering requirements tend to be better deals.
But wait, that’s not all. There is also this thing called gaming contribution that affects the quality of the bonus, although this is mostly relevant for table game players.
In straightforward English, it means that every single real money bet you make on pokies will go towards meeting the bonus’ wagering requirement.
On the other hand, if you are a blackjack aficionado, if you play $100 on blackjack, only $20 of that $100 will go towards the wagering requirement. Obviously, it is much harder for the blackjack player to meet the requirement.
Typically, most table games that involve strategy like Classic Blackjack and Hold’em, plus video pokers that are known for frequent and high payouts will have much lower contributions than pokies and jackpots. If you’re into these games or table pokers, then it is advised to play with real money and to think of bonus money as practice cash, because it’s generally not worth running after the wagering requirement. Table game players should keep an eye out for Live Casino bonuses because the terms behind these are much more suitable for table game play, compared to the standard bonuses that are catered to pokies.
Now that we’ve covered how bonuses really work. Let’s take a look at some of the best bonuses from Kiwi players’ favourite casinos on the internet.
This one is only for new players at Sky Vegas and it’s a gem. When you open an account, you will receive a $10 no deposit bonus, otherwise known as the “$10 Completely Free” deal on Sky Vegas. This bonus only has a 20x playthrough, which is lower than the average and significantly lower than the requirement for no-deposit bonuses. Make sure you get this one, because the requirement will go back up with the next bonuses.
No Wagering Requirement.
Mr Green’s Live Casino – Second Chance Bonus was especially made for table game players and is a superb offer. It’s for new players at Mr Green’s Live Casino. You will need to deposit a minimum of $20. Play it all away and when account balance hits $0, you will receive 50% of your deposit, up to $50. This money is received as a cash refund, with zero wagering requirements. In essence, it’s a 50% cash bonus that you can withdraw immediately. This is a very hot deal for live dealer games, so don’t miss out.
A 30x requirement isn’t super low, but it’s still a notch better than average. And for a casino that has a very solid reputation for a huge gaming portfolio and excellent customer service among players both in New Zealand and across the world, 30x is still pretty cool. It applies to most of the bonuses at 888, including the standard welcome bonus of 100% up to $140, and the premium players’ $1500 in 1st week package.