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Low Wagering Bonuses: Everything You Need to Know!
By Shane Addinall Sep 28, 2019 IndustryFor casino players looking to capitalise on bonus offerings at online casinos yet refuse to indulge in the high wagering requirements set on some bonuses; you can claim low wagering promotions from selected casinos.In the regulated online gambling industry, there are a select few online casinos that offer really low wagering requirements to their players for the sake of ultimate fairness and fun. Top casinos in this field include premium operators such as PlayOJO, Betfair Casino, All Right Casino, and Videoslots Casino, to name a few.
One thing that makes all of these casinos great is that they offer no wagering terms on their free spin promotions!
PlayOJO does not offer a single wagering requirement on any of their offers and they advertise the fact that that you can cash out wins easily, without limitations. All Right Casino offers a fair number of match bonus offers with minuscule wagering requirements of only 1x, meaning that you only need to bet through the bonus amount once.
While these offers are great, it must be noted that the offers are often quite small. The larger the match bonus or free spin promo, the higher the wagering requirement usually is at an online casino. So, with low wagering offers, expect low bonus perks.
✓Understanding Bonuses & Promotions at Online Casinos
The online casino industry is a very competitive market. There are literally thousands of casinos around the world, all aiming to draw gamblers their way. There are billions of dollars’ worth of funds being plowed into this entertainment industry on a yearly basis, and each operator wants their slice of the pie.
Much like in the retail and service industries, the gambling market makes use of various marketing strategies to encourage players to sign up at their sites. These attractions are generally offered in the form of promotions and bonuses.
bonuses and promotions are mostly used to advertise free money and credits for customers to use when playing at an online casino. These offers are often times hard to resist because they look so good! Unfortunately, players are sometimes duped into accepting offers that are more of a burden on them than they are a blessing because they do not read the fine print first. While there are fair offers out there, there are some costly ones too.
So, how do you distinguish the good from the bad, you ask? By understanding the wagering requirements behind each offer.
Who Ensures Fair Bonus Practice?
For fairness sake, all bonuses and promotions need to have their terms and conditions clearly laid out in the offer. Regulatory bodies such as the UK Gambling Commission, Malta Gaming Authority, and many others ensure that these requirements are clearly marked out for players to read and understand.✓How Do Wagering Requirements Affect Your Bonus?
If you’re new to the online gambling scene, you may not realise that bonuses and promotional offers often come with strings attached and that “free offers” are very rarely that cut and dry.
The truth is, if you accept bonuses at most casinos, you will be required to fulfill terms and conditions called ‘Wagering Requirements’ before you can claim any wins for yourself.
A wager is simply another name for a bet. The requirement is that you use the bonus to bet on games on the site. It cannot be instantly withdrawn and taken advantage of but is to be used.
Casinos impose these requirements because they want gamblers to spend time on their sites, getting used to their games. The more familiar a player becomes with a casino site, the more likely they are to feel comfortable there and return in the future. Simple, right?
Do All Games Contribute Equally to the Wagering Requirements?
Some games are weighted differently to others, based on the house edge. High stakes games usually contribute to a higher percentage of the requirement than low stakes games. Some card games may even be exempt from certain bonus offers because of how low risk they are.As with all clever promotions, a company will welcome you with an inviting offer and eventually up-sell you to other products. The same can be said in this environment. The casino operator invites you to the site with their welcome bonuses and then try and keep you there by offering top games or more attractive promotions.
What Is the Average Wagering Requirement?
While a casino may offer no or low wagering (10x or less) it’s more likely that you will be offered wagering requirements of between 30x and 60x.If you look closely at the terms and conditions of bonuses, you will often see a wagering number that must be fulfilled.
For example, on a 100% Match Bonus, the promotion terms may require ‘Wagering: 30x Bonus’. This means that you will need to wager the bonus amount you receive a total of 30 times before you are able to withdraw your wins. Should the bonus amount equal €100, you will need to place total wagers of €3,000 (30 x 100) on qualifying games before claiming wins.
Sometimes these offers are made available through Free Spins instead of match bonuses. Even these offers require you to wager a certain number of bets before the free spins promo will allow you to draw your funds from your account.
How Long Do Players Have to Satisfy Wagering Requirements?
Depending on the casino you are signed up with and the value of the offer, the promotions may expire anywhere from 48 hours after being claimed, to 7 or even 30 days after being claimed. The higher the value of the offer, the less time is generally offered on the bonus.✓Low Wagers – High Expectations
While the terms and conditions at online casinos may vary from operator to operator, there are a few things to be aware of, as there is always a small catch or two involved in any low wagering offer.
Keep an eye out for the following:
- Some casinos impose withdrawal limits on the amount of money you can withdraw from a bonus. In some extreme cases, you may not even be able to draw on wins, at all.
- Certain free spin bonuses come with a maximum win amount, meaning that the machine will not allow wins over a certain threshold to count towards your bankroll.
- All free spin offers will be capped to a certain wager size per spin. While some casinos may allow you a wager of €0.10 per spin, others restrict you to a value of €0.01 per spin. It is incredibly difficult to win BIG prizes with wager values of this amount. A jackpot of 1000x on a wager of €0.01 would only yield you a €10 win, at most.
- Some casinos will not allow you to withdraw any wins from them before you’ve made a deposit on their site.
- Free spin bonuses may require you to place a minimum deposit before you can claim free spins without wagering. This deposit will be subject to fair play usage.
- Some free spin offers may include play through requirements rather than wagering requirements. In this event, you will be required to spin the reels a certain number of times before claiming wins, rather than making a deposit.
Do Wagering Requirements Include or Exclude My Deposit?
Certain bonuses require wagering to be calculated, not only on the bonus amount alone, but on the bonus amount plus the deposit amount initially paid. Be aware of the wording in the terms and conditions! You will generally need to play through a much higher amount of money before being able to claim wins if it includes the deposit plus the bonus amounts.✓You Can’t Beat Wagering Requirements
There is no way to beat wagering requirements other than staying away from bonuses that require them to be fulfilled. Many people try to cheat the system but crossing the line when it comes to fair play ethics, is a big “no-no” at casinos, and is a sure way for you to be banned from the site.
Playing without claiming a bonus is the simplest way to tackle an online operator. That way, you are not limited to play a certain way. At least all wins made when playing a straight deposit without a bonus are all yours to keep regardless of how much you’ve wagered.
Do Low Wagering Bonuses Come with Terms & Conditions?
While Low/No Wagering Casinos offer little to no wagering requirements, they will always have a Fair Usage Policy, which you will need to read up on and abide by. These rules govern your betting practices and the types of games you can play with the bonuses.✓Cash in on Peace of Mind
At the end of the day, the decision on whether you opt to play low wagering bonuses or not is up to you. These offers are generally a lot safer than regular bonuses, though are never truly “cash without limits”.
Make sure that you read through the terms and conditions of bonus play on the casino page thoroughly, and if you still decide that you would like a ‘leg up’ on the casino, then feel free to take advantage of their offers.
What Happens If I Don't Follow the Wagering Rules?
Depending on the severity of the breach of terms, you may only receive a warning or a confiscation of wins. In more severe cases, where deliberate abuse can be determined, you may be banned from the casino site and all of its affiliated sites.Here at GamblersPick, we are in the business of ensuring that all of our players are able to enjoy their gambling experience to the fullest. A part of being able to do that is to make sure that you are fairly educated in the industry.
Take a look at our handy guides and be sure to read our casino reviews to find out more about the gambling industry and how it works.
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