Wagering requirements – Every gambler’s worst enemy?
If you mention the words ‘wagering requirements’ to a seasoned casino player, they will probably shudder! Wagering requirements feature heavily at online casinos. But are they really every gambler’s worst enemy?
Today, we’re going to break down exactly what wagering requirements are. And how they can affect you.
Also, we’re going to explain how a new type of casino is ditching wagering requirements. And why these no wagering casinos could be the perfect option for you.
What are wagering requirements?
If you’ve ever played as an online casino before, then you’ve probably come across wagering requirements. These appear in the terms and conditions of casino bonuses. And they are something that you must fulfil, if you want to cash out any real money using a casino bonus.
Wagering requirements refer to the amount of times you have to play through bonus funds, before you can cash out. And you can find your wagering requirement in the T&Cs of any casino bonus.
For example, you might see ‘20x’ in the small print of a bonus. And if you’ve taken a casino bonus that gives you £50 pounds in bonus cash, this means you have to play through that £50 twenty times before you can withdraw any real money. In this case it would be £1,000.
So, as you can see, wagering requirements throw a bit of a spanner in the works when it comes to converting your casino bonus into real money.
Who has to fulfil wagering requirements?
In short, anyone who takes on a normal casino bonus will have to fulfil wagering requirements. And it’s important that you know your wagering figure before you sign up.
Furthermore, don’t think that free spins escape the clutches of wagering! Winnings generated using free spins are also subject to these requirements at most casinos. So, there isn’t any real way to avoid this cheeky little term.
In recent years, players have become fed up with high wagering requirements from their casinos. So, there is a new kid on the block: the no wagering casino.
As you can guess from the name, these sites are casinos with no wagering requirements attached to their bonuses.
But, aside from their stance on wagering, these are normal casinos. You can play all of your favourite casino games, as well as fun no wagering slots. The only difference is, there is no wagering on your bonus deals
Pros of no wagering casino sites
So, now that you know all about these wager-free casinos, it’s time to take a look at some of the pros of opting for these sites.
Everything you win from your bonus is yours
Probably the best reason for choosing a casino with no wager requirements is that everything you win from a bonus is yours to keep.
Wagering requirements are tricky because it often looks like you are winning lots of money. But, if this money is bonus funds, then first you have to satisfy your wagering before you can cash out. Therefore, by taking away wagering requirements, anything you win using your bonus money is 100% yours.
Today there are many no wagering casino options available, and you can find them through Casino.xyz.
Aside from possibly not being able to cash out, wagering requirements are complicated and stressful. Calculating your wagering, total bonus cash and any game weighting rules, equals a lot of unnecessary headache.
After all, you came to play games, not pass a maths exam!
Generally speaking, by removing wagering from the T&Cs, casinos make the small print a lot easier for players to understand.
Ultimately, this leads to players feeling happier with the relationship between them and the casino. As all the T&Cs are clear, simple and transparent. And players feel a lot more comfortable taking on a bonus, if they know exactly what’s expected of them.
Now let’s take a look at some of the possible downsides of opting for a no-wagering casino.
The only real downside we can see to wager-free casinos is that the bonuses on offer are usually a lot smaller.
This is because, without wagering requirements attached, the casino stands to lose a lot more profit. Therefore, they must safeguard themselves somehow. And that means offering players smaller bonuses.
But, you can still get a good amount of bonus cash, along with free spins no wagering offers, as well.