Casino Wager what is it

Posted by admin @ 12:00 AM, Tuesday Mar 31st, 2009

A casino wager most commonly means your stake. Your wager (or stake) is the amount you choose to bet on a game in question before gaming commences – rather like choosing a horse in a horse race and betting on it to win before the horses start running. A wager can be placing a £1 chip on a roulette layout, putting a £1 in a slot machine before pulling the handle or placing £5 in your allocated blackjack box before the cards are pulled.

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Quite often, especially when signing up to new casinos you will be offered what is called a sign up bonus. Basically they will say if you deposit £50 of your money into your gaming account they will give you another £50 free to play with. Although this money is basically free bonus money you will always find that there are wagering requirements that will need to be met before you can withdraw any potential winnings that you may make. A wagering requirement in this instance will be the casino in question saying that you have to play through 30 times the amount of the bonus money before you can withdraw – i.e if you receive £50 in bonus’ you will need to actually make £1500 worth of bets before you can withdraw any of your winnings.

The term wagering is also used for most online casinos loyalty points scheme. Depending on the casino in question, they will say that for every £10 that you wager you will receive 1 loyalty point. Points will later then be redeemed for bonus money that you can play with. The good thing about the loyalty scheme points is that you don’t have to actually wager increments of £10 in order to gain loyalty points – you can infact make 10 wagers of £1 and still claim the points.

 

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