Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Latest News

Everything You Need to Know About Wagering Slots

Published

on

Reading Time: 4 minutes

 

So, do you want to know how to get around wagering slots requirements? Whether you like to play online slots or other forms of gambling, you must accept wagering if you intend to play regularly.

What Exactly Are Wagering Requirements, and How Do They Work?

To comprehend what wagering slots requirements are and what function they play in the realm of online gambling, we must first establish the groundwork. Online casinos have always had cheaper operating costs than brick-and-mortar casinos.

As a result, operators may now provide significant benefits to entice players to join their casinos. Gamers have grown to anticipate a variety of free benefits, including welcome bonuses, and cashbacks.

Advertisement

So, what precisely is wagering? Wagering is the number of times you as a player must play the online slots games through the bonus money before requesting a withdrawal. Other terms and conditions, such as a maximum bet rule or game restrictions, may also apply to bonuses.

Many gamers are so eager to begin playing that they never read the terms. Of course, this puts them in danger of violating the bonus terms. If you are looking for a risk-free experience, consider trying out your hands on no wagering slots.

The Importance of Wagering Slots Requirements

To counteract money laundering, online casinos are required to incorporate wagering restrictions when offering online slots. Without wagering requirements, criminal groups may deposit significant quantities of money and remove the funds to their bank accounts, claiming the funds to win.

If you read the terms and conditions, you will see that even with your own money, online casinos normally need a particular level of the play-through.

How to Calculate Wagering Slots

To discover how to bypass wagering requirements, you must first completely comprehend how they function. Assume that a new casino has piqued your attention and that you have opened a new account.

Advertisement

Assume that the casino is also providing new players a 100% match bonus up to £100 with 30x wagering requirements. The wagering requirements will look like this:

Example 1: £100 (casino bonus) multiplied by 30 (wagering requirements) is £3000. In this first scenario, you must risk £3000 before requesting a withdrawal. However, some casinos provide sticky bonuses, which implies that your cash will be mingled with the bonus funds. In such a case, the wagering requirements would be as follows:

Example 2: £100 (deposit) + £100 (casino bonus) multiplied by 30 (wagering requirements) is £6000. While the wagering is double that of the previous example, their sticky bonus has an advantage: you will begin wagering immediately and with a considerably greater balance, allowing you to play online slots more aggressively.

Fulfilling and Exceeding Your Wagering Requirements

To meet and overcome your wagering requirements, you must first grasp the complexities of how they work and then learn to play smartly.

Selecting a Casino

Some online slot casinos have wagering requirements of 50X or more, while others have wagering requirements of less than 30X. Some casinos also limit the amount of money you can earn through casino bonuses, so do your homework and shop around.

Advertisement

Choose an online slot casino with suitable bonus terms and a positive reputation among enthusiasts.

It must be properly licensed and controlled, easy to use, and have conveniently available customer service if you have any queries or face any difficulties with your bonus.

Casinos with No-Wagering

You can also discover an online casino that does not have any wagering restrictions.

These no-wager casinos are growing more popular since their bonuses have fewer restrictions, but you won’t find huge sums of free money.

A small amount of free money or no wagering slots, on the other hand, can be just as beneficial. Both of these incentives often involve a deposit but do not require you to bet your earnings a certain number of times before you can withdraw them.

Advertisement

Conditions of Use

When you have the opportunity to claim a welcome bonus or any promotional offer, carefully read the terms and conditions.

The fine print will tell you about all the stipulations that come with the bonus offer, such as the wagering requirements and what you need to do to meet them.

In most cases, you’ll need to make a minimum deposit to earn the bonus in the first place.

You may be required to utilize a certain deposit method to claim it, and you may only have a limited period to do so. Every online casino is unique, and they all have their own set of rules and regulations for satisfying the criteria when playing online slots.

Selecting Online Slot Games

Different online slot games contribute varying percentages of your stake to the criteria.

Advertisement

Determine which games qualify and how much of your wager they contribute, and then play the games that offer you the most bang for your wagering requirement buck.

The majority of online slots contribute 100% of your stake to the criteria. If you opt to play online slots, you will find that you can satisfy your criteria more swiftly and simply.

Play the Proper Way

You are aware that playing online slots can help you satisfy your wagering requirements more quickly. However, not all slots are made equal. It is critical to consider the variance of your games as well as the RTP (Return to Player Percentage).

Variability is increased in games with a lower RTP. They don’t pay out as frequently, but when they do, they pay out more money. If you’re looking to satisfy wagering requirements, start with these sorts of games.

This will provide you the opportunity to rapidly boost your bankroll while also offering insurance against potential losses.

Advertisement

After you’ve padded your bankroll, relax and play lower-variance games. These will have a high RTP, which means they will pay out smaller sums more frequently. They are a safer wager since they do not quickly deplete your bankroll and allow you to keep more of your gains over time.

Conclusion

Wagering criteria on slots are simple yet tough to meet. That has a lot to do with how quickly you have to do them and how much money you have to spend. Many casinos ask players to meet a wagering requirement within 14 days after accepting the deal.

All of the fun can be found at the top wagering slot sites. Register now and give them a shot. Good luck.

Continue Reading
Advertisement

Latest News

SIS and Premier Greyhound Racing reveal improved greyhound race time schedule

Published

on

sis-and-premier-greyhound-racing-reveal-improved-greyhound-race-time-schedule
Reading Time: 2 minutes

Sports Information Services (SIS), the leading multi-content supplier of 24/7 live betting services, and Premier Greyhound Racing (PGR), the media rights company supplier of greyhound racing to the betting industry and direct to viewers, have collaborated to offer a revised race time schedule starting from 20 May.

Designed to protect the long-term future of UK greyhound racing, the new schedule will see morning fixtures start slightly later – moving from 10.47 to 11.01 and 10.54 to 11.09. Additionally, there will also be a slightly later start time for some evening fixtures aimed at a retail audience, with the first evening fixture now starting at 18.08.

Commenting on the improved schedule, Terry Mahoney, Head of Business Development at ARC, said: “The new race times will help make it easier for customers to navigate busy racing schedules as well as improving operations trackside. We will continue to listen, monitor, and adapt schedules where and when needed as we move forward to deliver the best service possible for betting operators as well as punters.”

Paul Witten, Managing Director at SIS, added: “We are passionate about delivering a greyhound racing service that benefits all of the sport’s stakeholders. Together with Premier Greyhound Raxing, we have introduced a revised racing schedule that benefits operators and their customers.

Advertisement

“Our approach to greyhound racing is grounded in sustainability and flexibility. This collaboration with fellow service providers allows everyone to enjoy all the high-quality action produced on a daily basis from tracks across the UK and Ireland.”

SIS has long-term agreements in place with bet365, William Hill, Paddy Power and Betfred to deliver its greyhound content across UK and Irish retail and digital channels. SIS also promotes this content across dozens of leading international operators, as well as through SISRacing.tv.

PGR offers greyhound action, cards, video replays, results, news and info on greyhounds.attheraces.com, and regular live broadcasts on Sky Sports Racing. Premier Greyhound Racing is a joint venture between Arena Racing (ARC) and Entain, the global sports betting, gaming and interactive entertainment group. Between them, the two companies own nine of the 20 licensed British greyhound tracks and ARC manage the media rights for five independent tracks.

The post SIS and Premier Greyhound Racing reveal improved greyhound race time schedule appeared first on European Gaming Industry News.

Advertisement
Continue Reading

Latest News

The Importance of Data Quality Review Checks in the Gaming Industry

Published

on

the-importance-of-data-quality-review-checks-in-the-gaming-industry
Reading Time: 3 minutes

 

By Lorenzo Nardini, Head of Technical Compliance and Maths Services

In the dynamic world of online gaming, data plays a pivotal role. Databases containing personal and financial information, often referred to as “Safe” databases, serve as the backbone of any gaming platform.

In this short article, I focus on control databases (CDBs) – that is how Safe databases are referred to in the Dutch landscape – and why it is important to ensure their completeness, accuracy, and consistency through continuous data quality review. In any case, the topics here covered apply to most regulated markets.

Advertisement

Control databases contain critical information related to player accounts, financial transactions, game rules, and security protocols. Essentially, they ensure the smooth functioning of the entire gaming ecosystem. It is no wonder that the Dutch regulator (KSA) enforces specific technical regulations on them and often perform audits on these systems that can result also in fines in cases errors are detected.

Data quality review checks

Data quality review checks play a pivotal role in maintaining the integrity of control databases, ensuring continuous compliance. Here are some key reasons why they are essential:

  1. Accuracy and Consistency: Control databases handle vast amounts of data, including player profiles, game logs, and financial records. Ensuring accurate and consistent data is crucial for fair gameplay, financial transparency, and regulatory compliance.
  2. Player Experience: Imagine a player losing progress due to a database glitch or loss of connectivity. Such incidents can lead to frustration and loss of trust. Data quality checks ensure that the control database is correctly functional, and the information therein contained can be used to handle such incomplete games, enhancing the overall player experience.
  3. Regulatory Compliance: Gaming companies must adhere to strict regulations regarding data privacy, security, and fairness. Regular reviews ensure compliance with industry standards and legal requirements.

Most importantly, regular reviews can help gaming companies reducing the risk of an unsuccessful audit that could typically lead to a fine and negative PR.

Ideally, data quality reviews should be ongoing. Real-time monitoring is crucial for identifying issues promptly. Additionally, scheduled audits—monthly or quarterly—help catch any long-term discrepancies or trends.

Key areas of data quality reviews

Advertisement

When performing checks on the quality of CDBs, the following are the main areas to consider:

  1. Data Completeness: Ensure that all necessary fields are populated correctly. Missing or incomplete data can lead to errors downstream.
  2. Data Accuracy: Cross-check data against reliable sources. For example, player balances should match financial records.
  3. Data Consistency: Verify consistency across different databases and systems. Inconsistencies can cause confusion and operational inefficiencies.

Starting from the specific Dutch case and then expanding to other markets, here at ComplianceOne Group we have developed a data quality review service using our experience in dealing with this form of analysis. Leveraging feedback obtained directly from regulators, we created a testing procedure that performs the following:

  1. Tests on triggering reports from staging environment. We access the client’s staging environment with test accounts and perform actions that are aimed at triggering specific reports in the control database. We then check that these have been correctly generated and that they contain all necessary information, checking their accuracy against the back-office.
  2. Data quality tests on production environment. We download a large number of reports directly from production and run a battery of tests that we have designed and that is tailored specifically at checking completeness and consistency of the information contained in the control database.

All findings are promptly reported to the client and, if needed, we can assist with solving any issues found.

Conclusion

When I started being exposed to control databases, I understood that for many this is a very technical area and that maintaining this environment functioning correctly can be quite cumbersome. Nevertheless, a commitment to data quality is a necessary for ensuring continuous compliance of gaming platforms. If you are interested in running regular data quality reviews, or even just a one-time overall check, contact me and I will be happy to assist!

 

The post The Importance of Data Quality Review Checks in the Gaming Industry appeared first on European Gaming Industry News.

Advertisement
Continue Reading

Latest News

7777 gaming signs a strategic iLottery content deal with Scientific Games

Published

on

7777-gaming-signs-a-strategic-ilottery-content-deal-with-scientific-games
Reading Time: 2 minutes

 

7777 gaming, a leading provider of digital gaming solutions, has announced a significant strategic partnership with Scientific Games a global leader in retail and digital lottery games, technology, analytics and services, to deliver digital lottery games through the SG Content Hub Partner Program.

The SG Content Hub Partner Program is a unique platform and game content partnership program featuring an expanding, highly curated selection of iLottery games from best-in-class, game studios worldwide in a variety of play styles appealing to all player types in multiple languages, as well as access to select licensed properties from the largest licensed brands portfolio in the lottery industry. Scientific Games currently serves 150 lotteries in 50 countries.

 

Advertisement

Elena Shaterova, Chief Commercial Officer at 7777 gaming, expressed enthusiasm about the partnership: “Partnering with Scientific Games represents a significant milestone for 7777 gaming, solidifying our position as a global leader in digital lottery solutions. Through this collaboration, we are poised to deliver unparalleled gaming experiences to players worldwide, driving innovation and growth in the lottery industry.”

 

Steve Hickson, VP of Digital Games at Scientific Games commented: “We are delighted to welcome yet another top-class lottery game studio to the SG Content Hub Partner Program. The addition of 7777 gaming and their fantastic games aligns perfectly with our goal to make a variety of digital lottery content available to existing and new Scientific Games customers. Our SG Content Hub Partner Program is developing at pace as we continue to provide our customers with frictionless access to the very best content in the industry.”

The SG Content Hub Partner Program offers a one-stop solution for accessing multiple iLottery game studios, seamlessly integrating with a lottery’s existing gaming systems and iLottery technology. It streamlines operations, simplifies tech integrations, and enhances data analytics to drive game development and iLottery portfolio management.

7777 gaming is renowned for its ability to deliver high-quality iLottery games tailored to the unique requirements of different lotteries. The company ensures that its game content meets stringent government regulations and operators’ expectations for customization. With custom-made lottery concepts, 7777 gaming guarantees enhanced player satisfaction and fosters a deeper sense of connection and loyalty to the brand.

Advertisement

 

The post 7777 gaming signs a strategic iLottery content deal with Scientific Games appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Offering comprehensive coverage on all aspects of the gaming sector, our daily posts include online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Gaming News Room is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania