In 2017, the American Gaming Association reported a record year for the online casino industry, and as the casino fan base continues to grow, new online casinos keep popping up every day. As casinos are forced to compete with bigger and better bonuses, to attract more clients, often even though the bonuses seem very lucrative and generous, there are also steep wagering requirements to contend with. With the online gambling marketplace becoming so competitive, online casinos these days have seen the need to change their Welcome Bonus structure to widen the appeal and attract more clients. We stay up to date with all no wagering online gambling and you can feel perfectly secure registering with one of our recommended casinos because they are reviewed and tested by our team.
What Is Wagering?
One of the ways casinos try to captivate the interest of casino players is to offer a very generous Welcome Bonus with free spins, but often times the wagering is too high. Wagering requirements form part of the Terms and Conditions, also known as playthrough requirements, the terms state how much money you need to stake before being allowed to withdraw your winnings as cash. Let’s say, for example, an online casino offers you a Welcome Bonus of a 100% match bonus up to €/$ 200. This means that if you deposit €/$ 200 you’ll get back €/$ 400. The very next step would be to read the Terms and Conditions, take time to check what the conditions of accepting the bonus are, in this case, the wagering is 30 x your deposit and bonus, which is an acceptable amount.
For you to fulfil your wagering requirements, you’re restricted to certain games. Usually, to fulfil wagering, you can play 100% of all slot games and table and card games will contribute less towards your wagering.
Wagering requirements are the conditions tied to the use of your awarded free spins and bonuses in the event that you accumulate winnings because of the bonus. In simple terms, your wagering equals how many time you need to re-wager your winnings made from your deposit and bonus before being allowed to withdraw the cash. Wagering is always expressed as a number, it can be as low as 20x or as high as 40x or more. This number is then multiplied by your deposit and bonus amount, the result of which is the number of times you need to wager the total amount before withdrawing any amount won.
Once you’ve completed your wagering requirements, whatever is left in your account can be withdrawn and used as you wish. Always read the Terms and Conditions because of the very important information you’ll need to know so as to fulfil your bonus conditions.
No Wagering Casino
No Wagering Casinos are gambling platforms that allow you to keep all your winnings. At most online casinos, Wagering Requirements have to be fulfilled before a bonus can become real money wins. To fulfil Wagering Requirements, players have to re-wager their bonus several times. However, these days there are more and more No Wagering Casinos. For the player, this means whatever wins are accumulated, can be withdrawn immediately.
There is also a growing number of minimum deposit casinos where players can deposit $/€1, $/€5, $/€10 or $/€20, and still receive a lucrative bonus and free spins. Finding an online casino that’s completely safe to play at, is regulated and licensed, and offers deals like a $/€1 minimum deposit or a $/€5 minimum deposit, with a no wagering bonus, this same day withdrawal online casinos is where it gets complicated as these deals are not easy to find online.