What is Turnover in Gambling You Need to Know

If you are new to the world of online gambling, you might be wondering what is turnover in gambling. Turnover is a key concept that affects your gambling experience and chances of winnings. Therefore, we will give you a detail explanation of this term to help you increase the winning while placing a bet. 

What is Turnover in Gambling Actually?

What is turnover in gambling? It is the total amount of money that you bet on the best online casino Malaysia within a period of time. It is also known as betting volume, rollover, or playthrough. It is usually calculated on a daily, weekly, or monthly basis, depending on the website’s terms and conditions.

Turnover is not the same as your deposit, your balance, or even your winnings. In addition, it is important because it determines your eligibility for bonuses, promotions, and rewards on online casinos. 

Most online casinos offer bonuses to attract and retain players, such as free spins, cashback, or loyalty points. However, these bonuses usually come with several turnover requirements, which means that you have to bet a several amount of money before you can claim them.

The Requirements for Turnover in Online Casino

As we mentioned about what is turnover in gambling, the requirements are the conditions that you have to meet before you can withdraw your bonus money or winnings from an online casino. Turnover requirements are usually expressed as a multiplier of the bonus amount, the deposit amount, or both. 

For instance, a 20x turnover requirement on a MYR 100 bonus means that you have to bet MYR 100 x 20 = MYR 2,000 before you can withdraw the bonus or any winnings from it. 

These requirements are not the only thing that you have to consider when choosing an online casino or a bonus. There are other factors that can affect your turnover, such as:

1. Time Limit

After you know what is turnover in gambling, most bonuses and promotions have an expiration date, which means that you have to meet the turnover requirement within a several period of time, or else you will lose the bonus and any winnings from it. 

The time limit can range from a few hours to a few months, depending on the website and the bonus. Make sure that you check the time limit and that you can meet the turnover requirement within it.

2. Bonuses

According to what is turnover in gambling, not all games have bonuses equal to the turnover requirement. Some games might give 100%, while others might give 50%, 10%, or even 0%. This means that if you bet MYR 100 on a game that gets 100%, your turnover will increase by MYR 100. However, if you bet MYR 100 on a game that gets 50%, your turnover will only increase by MYR 50. 

The game bonus on what is turnover in gambling depends on the casinos and the bonus. It is normally based on the house edge of the game. Games with a lower house edge, such as blackjack or roulette, tend to have a lower bonus. Meanwhile games with a higher house edge, such as slots or scratch cards, tend to have a higher bonus. 

Make sure that you check the game bonus and that you play the games that contribute the most to the turnover requirement.

3. Bet Size

Some online casinos and bonuses have limits on how much you can bet per spin, per hand, or even per round. It means that if you bet more than the limit, your bet will not count towards the turnover requirement, or it might even void your bonus and winnings. 

The bet size limit is usually a percentage of the bonus amount, the deposit amount, or both. For instance, a 10% bet size limit on a $100 bonus means that you can only bet up to $10 per spin, per hand, or per round. Make sure that you check the bet size limit and that you do not exceed it.

The Benefits of Turnover in Gambling

As you know from what is turnover in gambling, it might seem like a hassle, but it also has some benefits for you as a player. Here are some of the benefits of turnover in gambling:

Get More Value for Your Money

Turnover requirements are designed to prevent bonus abuse and to ensure that you play with your own money as well as the bonus money. However, this also means that you can get more value for your money, as you can play longer and have more chances to win with the bonus money. 

Manage Your Bankroll

Turnover requirements can also help you to manage your bankroll, which is the amount of money that you have allocated for gambling. Bankroll management is crucial for responsible gambling, as it helps you to avoid overspending and chasing losses. Turnover requirements can help you to set a budget and a goal for your gambling session, and to stick to them. 

Loyalty

In explanation about what is turnover in gambling, its requirements are not only applicable to welcome bonuses, but also to other bonuses and promotions that online casinos offer to their players. These bonuses and promotions are meant to reward you for your loyalty and to keep you coming back for more. 

Cons of Turnover in Gambling

However, turnover is not all roses, though. There are some disadvantages if an online casino offers it. Here are some of the cons of turnover in gambling:

Confusing and Misleading

What is turnover in gambling can be confusing and misleading, especially for beginners who are not familiar with the terms and conditions. Some online casinos and bonuses might have hidden or unclear turnover requirements, which can make it hard for you to understand how much you have to bet and how much you can withdraw. 

Restrictive and Limiting

Turnover requirements can also be restrictive and limiting, as they can prevent you from playing the games that you want, or from withdrawing your money when you want. Some online casinos and bonuses might have high or unreasonable turnover requirements, which can make it almost impossible for you to meet them within the time limit or the bet size limit. 

Risky and Addictive

Another cons about what is turnover in gambling, it can also be risky and addictive, as they can tempt you to gamble more than you can afford, or to chase losses. Some online casinos and bonuses might have attractive or generous turnover requirements, which can make you think that you have a good chance of winning or making a profit from the bonus. 

Is Turnover Safe and Secured?

After understanding the details about what is turnover in gambling, it is safe and secured, as long as you gamble on reputable and licensed online casinos. Reputable and licensed online casinos are regulated by authorities, such as the UK Gambling Commission, the Malta Gaming Authority, or the Curacao eGaming. 

However, not all online casinos are reputable and licensed. Some online casinos are rogue and unregulated, which means that they do not follow the rules and standards of fair and responsible gambling. 

Therefore, turnover is safe and secured, as long as you gamble on reputable and licensed online casinos. You should always do your research and check the reputation and license of the casino before you sign up, deposit, or accept any bonus or promotion. You should also read the terms and conditions carefully on what is turnover in gambling. Ask for confirmation if you have any doubts. 

Final Words

In conclusion about what is turnover in gambling, it is an important factor impacting your gambling and potential winnings. It is the total amount of money that you bet on an online casino within a period of time.

However, turnover also comes with several requirements that you have to meet before withdrawing the winnings. Most importantly, it also affects your cash withdrawal, as it decides whether you can withdraw your money or not, and how much money you have to withdraw.