At online casinos, bonus funds are not just free cash. By design, they are provided as a means of rewarding players for signing up and to increase their gaming time. For the players who do well, the funds can eventually become cash, but they need to play smart in order to make this happen. And this is where wagering requirements come in.
Casinos with Low Wagering Requirements
- Rizk Casino – The low wagering casino bonuses start at Rizk Casino, as the 100% welcome offer only applies the 45x requirements the bonus funds.
- Grand Ivy – New players have a £1,500 welcome package where deposit + bonus funds will be combined and subject to 35x requirements.
- Kaboo Casino – The 100% welcome bonus has 30x requirements on the deposit + bonus value, which is essentially 60x.
How Wagering Requirements Work
Wagering requirements is a term used to explain how many times a bonus value must be played through before it will be converted to cash. Without them casinos would go bankrupt because players could just keep the cash, but the more important reason for them is because they prevent criminals from using casino bonuses to launder their illegal earnings.
Requirements in Action
Understanding how wagering requirements work is much simpler when you have an example to guide you. In this particular example, player A has deposited £10 for a £20 welcome bonus with 40x wagering requirements. To clear the requirements, will have to wager the bonus funds to a value of £20 x 40 = £800.
Before committing to a bonus, you need to check if the wagering requirements also apply to the value of your cash deposit. If this is the case then you will also have to clear requirements on the deposit, which effectively doubles what you though you had to clear.
Are There Ever No Requirements?
Encountering no requirements is the equivalent of seeing a shooting star in an urban area – you might just find one, but it’s highly unlikely. If you do find an offer with no requirements, it’s likely to be for a no deposit offer where there is a ceiling on the winnings and the bonus funds cannot be withdrawn.
One such example is when you sign up at mFortune for the £5 no deposit offer. This mobile casino will let you play on slot games and retain the winnings up to £20. There is an excellent selection of slot titles to pick from, with leading lights including Quest for Fire, Gold Blast, Viking Storm, and Gold MacDonald.
Time Limits Are Enforced
Online casinos will not leave bonus funds active forever. Look to the terms and conditions for any offer and there will be an expiration limit quotes. For the generous sites, you can expect to see four weeks or a month, whereas the tougher sites will remove funds after just seven days or fewer.
Different Levels for Some Games
For new players, one of the most common mistakes with online casino low wagering requirements is that they accidentally increase them by using their bonus funds on the wrong games. It is understandable that players would see blackjack or roulette as being simple games for clearing their requirements, but unfortunately this is not possible.
Basically, those games are too balanced in their outcomes that it means players would be able to exploit casinos and bankrupt them. To guard against this, casinos will typically downgrade requirements to 10% of the standard rate. Meanwhile, most slot games are classed as 100% – it’s always worth checking.
By understanding the wagering requirements of your bonus funds, you stand a greater chance of being able to eventually convert them into cash.