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What is wagering requirement online casino?

Experienced gamblers like bonuses, but they hate wagering requirements. The players know what they mean, that is why gamblers use them quite rarely. So, let me clarify what exactly the wagering requirement is, what reference it has to the bonuses, and why players recommend avoiding them.

Wagering requirements & bonuses

When you launch a gambling site for the first time, you can see the striking images offering you cash prizes and free spins. This is definitely attractive but remember that it’s not all gold that glitters.

The welcome offers have requirements. The wagering requirements are the number of spins a player makes with the given ‘welcome reward’ before he actually requests for payout. In other words, these wagering terms imply that you have to deposit, make several spins (x30, for example) and only then you can withdraw the money. If you won some, of course.

The number of spinning times (or hands) varies from casino to casino. It depends on their own requirements. So, remember to read the bonus T&Cs before claiming for the offer.

Why do experienced players recommend avoiding bonuses?

As you can understand now, the terms require you to deposit, get the extra money and play these rewarded money through. The last process goes on very slowly especially when the money sum is big. So, you have to make a lot of unnecessary spins. You don’t need them just because you’ll have little profit from the free prize in the end.

Let’s suppose you deposited $50, your offer claims you get 100% deposit and have to wager 30 times. Totally you have $100 to play. But you can’t make ten spins of $0.25 bet and make a withdrawal. You have to meet the requirements, so you spin 30 times. During these rounds you can go low beyond the rewarded $50 and touch already your own budget. As a result, you spend your money and don’t actually win.

The gambling market now offers a lot of online casinos. You don’t even know where to look first. It’s a competitive field. Analyzing one casino with its eye catching bonus system, you may think it’s the one. But then you stumble upon a different casino and now this one seems better. All in all, catchy bonuses and specific design are not the important things.

What you should think of at the beginning is safety. Safety of your data, your banking details and the whole online environment which is very often full of frauds. So, what is the safest online casino and how can you know it’s the one?

Security system

Gambling sites are vulnerable to Internet frauds. This means every casino must have unbreakable safeguard. This is the security system generally driven by a bit/SSL encryption. Casino sites protect themselves and players from all sides including private info safety, encrypted transactions and identity verification.

Generally, gambling sites post information about the security measures on their pages. Very often you can find seals of popular security systems applied. Besides, you should check the T&Cs and privacy policy to understand in what ways the casino uses your data.

Safe games

This refers mainly to the fairness of games. The game results should be random. An RNG is responsible for such results. It makes the reels spin and let out any possible combination. The same is with the cards and balls.

There are also special authorities that test the casino games. The eCOGRA and Independent Auditors can give a proof certificate of fair randomized games. If you see a seal of any testing bodies, then you’ve come to the right casino.

The safest online casinos

Frankly speaking, it’s not easy to name just one safe online casino. There are many of them that have a good reputation and nice service which also includes total safety. Let me make a list of the safe online casinos. Looking through all of them, you can make up your mind on one or two to test them.

  • 888 Casino. MGA, UKGC, Gibraltar and GBGA licenses, full protection including NoSpyware Adware, eCOGRA certificate.
  • JackpotCity casino. MGA license, SSL encryption applied, eCOGRA tested.
  • Leovegas. MGA, UKGC, Swedish and Danish licenses, Digicert SSL encryption, Independent Audits.
  • Spin Casino. MGA license, SSL encrypted, eCOGRA certificate.
  • Casumo casino. MGA license, SSL encrypted, DSS compliant, TST certificate.

Taxes in NZ

Usually, after the successful winnings you will be presented with funny music and flashing lights. However, we need to know whether the gamblers should pay taxes or not. Take into account that the taxation process depends on the particular country. For example, in the US, if the winnings are more than 1200$ you have to make a report. Moreover, you have to prove the identification information of your age and passport. So, in the US you have to pay tax up to 25% depending on the certain game. However, in Canada or New Zealand, there are taxes free. In fact, New Zealander have to pay income tax, but it’s very unusual for winnings to be taxed.

Conclusion

The declarations of your winnings are required in few countries, including the US. However New Zealanders can play for money and win a lot without any taxation from the government.

This article consists of three paragraphs, three main questions which identify the trusted casino. After reading the page you will be able to identify the safe indicators of the casino.

The page consists of:

  1. Main indicators of a safe casino
  2. Is it legal?
  3. Is it fair?
  4. Data protection

When we think about the safety, we usually ask three questions: is this online casino legal? Is it licensed?, and is it fair? By answering that, you will be sure that a casino has only excellent intentions toward players. All the casinos on our site have these characteristics, and that’s why.

It’s legal

In fact, all the casinos are licensed and regulated by reliable gambling commissions. The list includes Malta Gaming Authority, UK Gambling Commission, Kahawake GA, Swedish Commission. As a result, the casino from the rating consists of one or several of these regulators on the board. The reliability of these regulators are without a doubt, you can check all information about them on the official site of gambling authority. In the review of any casino you will find a small description of regulators. All in all, if you’re over the age of 18, you can easily sign up and play.

It’s fair

It’s important to realize that casinos and games are checked by audit company eCOGRA, to make sure that all random generations are fair and show honest statistics. Moreover, it checks the RTP of the particular casino to prove the declared rates.

You’re protected on the site

Deposits and payouts require a high level of security. As soon as you make any money transaction, the information will be transferred through the encryption technology. The example of such technology is SSL (Secure Socket Layer). Millions of sites use it to transfer the data from merchant to customer in the most secure way.

Conclusion

Any gambling activity has risks and it’s very easy to lose more money than you want. Sometimes it can be hard to stop. For that reason, casinos provide a list of rules and methods on how to prevent any type of gambling addiction.

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