AccaNation.com aims to provide all users with safe, fair and regulated recommendations for which online gambling sites to use as well as fun predictions for accumulator bets. In the interest of transparency we'd like you to know that we are compensated for any traffic we send to online bookmakers.
With the online gambling marketplace becoming so competitive, it is perhaps no surprise that gambling sites use clever marketing ploys in order to entice new players their way.
One of these tactics is through seemingly generous sign up or welcome bonuses, which grant new players a host of free bets or cash bonuses for opening an account with them. These can take the form of matching your first deposit with free cash, free bets when you stake X amount, or even just free money – no questions asked.
Commonly speaking a wager is a bet; a situation when two or more parties trust the result of something, i.e. Flipping a coin, on an uncertain event. For being an actual wager, the result must happend without the direct intervetion of the parties. Is a wagering agreement void or illegal? Futures bets are wagers on a team's or player's predicted performance in a game or season. The most popular futures wagers are betting on a team to win a championship, betting over or under a team's win total, or betting on a player to win MVP or the Heisman Trophy. Futures odds usually do not stretch out more than a calendar year.
That sounds pretty good, what’s the catch?
The only fly in the ointment from a punter’s perspective is wagering requirements.
What are wagering requirements?
These are essentially the hoops that you will have to jump through in order to get your hands on your bonus and any winnings that come from it. This is generally known as the ‘play through’, and will state how much money you need to stake in order to activate your bonus and profits.
Luckily wagering requirements, or play through, is always low for sports bonuses and free bets.
The majority of wagering requirements are also accompanied by a list of terms & conditions as long as the Magna Carta too, so it pays to become acquainted with these as they will outline exactly what you need to do to secure your bonus or free bets. Three monkeys vpn.
How Do They Work?
Some examples:
So let’s say that your chosen a deposit bonus which has granted you a welcome bonus of 100% up to £200. Thanks very much!
But there’s a clever bit of wordplay here when you look closely: up to. So it could well be less. This amount is directly linked to your first deposit amount so if you only fund your account with £10 you only get a £10 bonus.
This will all be outlined in those pesky T’s & C’s, so do take the time to check.
To be able to withdraw your bonus if you deposited £50 these are the requirements you’d need to meet:
- You are given a £50 bonus
- A stipulation of 3x deposit + bonus amount wagering requirement is in the T&C’s
- You will thus need to stake a total of £300 to release your bonus cash.
- Any winnings and your bonus will then be transferred to your account balance and you can withdraw or continue betting.
When you look at it that way, it’s not surprising that some people get a little annoyed with welcome bonuses as they’re not always as they seem on the surface. Are they a scam? No but you do need to do your homework.
The 3x wagering requirement is obviously a hugely favourable one for the player, and in most cases will be a lot higher – casino bonuses for example are usually between 20x and 50x.
Tiered wagering requirements
Sometimes a gambling site will offer what is known as a tiered wagering requirement, which is a staggered collection of payments. An example might be:
Time Limit | Requirements | Bonus |
7 Days | £20 | £20 |
30 Days | £250 | £30 |
60 Days | £500 | £50 |
In this example, even though the tiered wagering requirements make it seem slightly different, the ultimate bottom line is that you need to wager a grand total of £500 within two months of opening your account in order to access your £100 worth of total bonuses.
And whilst this will make it ‘more affordable’ for you, e.g. playing in installments rather than all at once, at the end of the day the financials are still the same.
Wagering Requirements: An Overview
Hopefully this has given you an insight into the sometimes murky world of wagering requirements, which are a bit of a pain after being promised such a great deal by your casino or bookmaker.
But it makes business sense for an online gambling platform to do this; to entice new customers but to protect themselves financially. It is a perfectly legal and above-board way of generating new custom.
As the old saying goes ‘only fools rush in’, so do take the time to read the terms & conditions as specified by your provider. The wagering requirements will be clearly stated here, and ultimately it is your responsibility to understand the implications of accepting a sign up bonus or offer.
Unsurprisingly, many of the complaints that casinos and bookmakers receive are from customers who claim they didn’t know about any wagering requirements, and want their bonus cash pronto. Well, they should have read the T’s & C’s then….
As soon as you sign up for a new account, you have accepted the terms of the sign up offer. There’s no going back now.
You Should Also Read:
A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games.
The allure of these bets has always been a larger payout than choosing a single team to win. But there’s more gamble to these types of wagers because every “leg” of the parlay needs to not lose in order to win. If one leg loses, the whole parlay loses.
The flexibility of a parlay bet also makes it attractive to gamblers. You can combine multiple sports into your parlay bet; for example, you can include the Cowboys from the NFL, the Celtics from the NBA and the Coyotes from the NHL into a single bet. If they all win, you win.
Test out the parlay calculator above and compare odds at different sportsbooks to see how it works!
Placing a parlay bet
There are two ways to place a parlay bet and both are quite simple. Bettors can either tell the ticket writer directly which teams and totals they’d like to bet on and how much they’d like to risk on the bet. Filling out a parlay card is the other option for placing this kind of bet. Once the card is filled in, the bettor simply needs to visit the sportsbook desk to place the bet.
Some mobile sports wagering apps offer both types of parlay bets.
What Is Wagering On Slots
Get the best parlay deal at online sportsbooks with Parlay Insurance here:
T&Cs Apply, New Players Only
All Legs Hit Except 1?
Click Play Now To Auto Opt-in
Winning a parlay
There are two instances when a parlay can be a winning bet. A parlay only wins if none of the sides, totals or moneylines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned. The bet is a loser if one pick for a parlay is wrong.
Parlay odds
Not all parlay payouts are the same. Sportsbooks may have different odds for the number of teams bet in a parlay. This can be very confusing when looking at online sports that have different odds and payouts for the same parlay. Further, these odds may change at any time so bettors should check with the ticket writer in sportsbook before placing a parlay.
Parlay payouts
Payouts for a parlay are fixed by the time the bet is placed. Even if the lines and odds for an individual game move, the parlay lines and odds won’t change from when the parlay bet was placed. The parlay bet won’t be changed whether the lines change for or against the bettor.
If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line. The original bet cannot be changed and the bet will stand. The good news is that the bettor has two live parlay bets.
![Racing Racing](https://www.masque.com/materials/images/screenshots/large/10441.jpg)
Types of parlays
A parlay is a type of sports bet and there are different variations of this kind of wager. The most common types of parlays are Round Robin parlays and Teasers.
Round Robin
A Round Robin bet is placing multiple parlay wagers at once. It’s just that simple. Round Robin bets are just a way to simplify making multiple parlays. When a bettor “Round Robin’s” teams in sports betting it’s similar to a horse bettor “boxing” horses for an exacta or trifecta bet in a race.
The bettor will select anywhere from 3 to 8 teams or totals to be in the Round Robin. They will then choose how many teams or totals they’d like to tie together for the Round Robin. For example, a bettor may select eight teams and totals for a Round Robin and tie the parlays to as many three-team combinations as possible.
The combination of teams will dictate how many different parlays the bettor has. Continuing the example, if a bettor wants to Round Robin eight teams they will have 28 different parlays if they choose two teams. If the bettor chooses to make three-team parlays they will have 56 different parlay tickets.
The ticket will cost the amount chosen for each parlay. If the bettor only has $300 they might choose to Round Robin the teams by two, so they have 28 different parlays for $10 each. The payout for each winning parlay is the same as it would be if the parlay bets were each made individually.
Teaser
A teaser is similar to a traditional parlay where the bettor can select multiple teams or totals. However, there are no moneylines allowed with a teaser. Unlike a parlay, the bettor may move each point spread or total plus or minus a certain number of points. The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay.
Teaser bets can change the point spreads or totals anywhere from six to 10 points. However, each leg of the teaser must use the same number of points. Those legs of the teaser may go in different directions.
- For example, the New England Patriots -7 can be teased down six points to -1. Meanwhile, the Cleveland Browns can be teased up six points from +4 to +10 points.
Sports Wagering
Much like a traditional parlay, the more teams involved with a teaser the better the payoff. Again, different sportsbooks have different odds and rules so they might have different payouts and teaser options available to bet.
What Is Wagering Agreement
Parlay Cards
The more popular way to bet parlays in casinos today seems to be with a Parlay Card. These are the long narrow cards where bettors fill in the numbered circle of the side or point spread they want to include in their bet. Once the teams and totals are chosen the bettor simply presents the filled in portion on the card to the ticket writer in the sportsbook along with how much they’d like to wager.
Parlay Cards are especially popular during football season. There are many different types of Parlay Cards including a variety of teasers, ties win and reverse teaser cards known as pleasers. These are more popular every year so the mobile sports wagering apps have started to add Parlay Cards for mobile bettors.