Wagering requirements are the restrictions (the fine print, the strings attached) placed upon anything won while using free or bonus cash. Many players eventually find out that they should have looked for no wagering casinos — if they had only known!
Firstly, in the most obvious sense, from the player’s point of view, wagering requirements are counter productive. This type of rule found in Ts&Cs takes the fun and benefits away from your wondrous moment of winning.
Here are a few vital points that are key points about wagering requirements:
There are only a few instances of an online and mobile casino with no wager bonus (literally only a handful), which somehow buck the norm by liberating their new members from wagering requirements. For example, mFortune does not enforce wagering requirements, which means the new players at this keep what you win casino can withdraw their winnings fair and square and without delay!
Most value hunting players will at some point decide to target casinos without wagering requirements or with the best casino wagering requirements — so that they can get the most out of their money, while also ensuring they can withdraw quickly without red tape.
Many players who have felt disheartened after having faced wagering requirements do not expect much anymore from welcome bonuses. They may even treat the benefits as a fancy form of demo mode, since the wins might get problematic. Others tend to look for the lowest wagering requirements before they sign up, which is a reasonable approach here are a couple great sites with lower restrictions.
To really understand how wagering requirements work, you either must suffer a major ‘fine print’ disaster like discovering you cannot withdraw a huge win until betting a certain amount first, or, you have to go through a specific example (see below).
We tend to think that going through an example is very diligent and can save you problems in the future. The first step is to select a couple casinos to compare and contrast how they enforce wagering requirements.
We picked two very prominent mobile casinos — 777 and Moobile — which are offered by different gaming platforms and have very different player communities. Scan the following comparison points of their wagering requirements with a £20 deposit:
|Multiple||1 x||30 x||50 x||20 x|
|Ts & Cs||Deposit+Bonus||Bonus only||Bonus only||Deposit+Bonus|
|Time limit||--||90 days||30 days||30 days|
Now that we have exposed these restrictions that normally stay buried in the Ts&Cs as fine print, here are normal descriptions of our two example casinos:
Based upon Dragonfish software, 777 has a historic Vegas theme, and offers up to £200 in matching cash. Wagering requirements are 30x, with a nice twist. Winnings are capped at either the amount of the bonus or £500 unless you win a jackpot!
Moobile is powered by IGT and the UK’s own Probability game portfolio, so it is a premier casino for players on the go. Its 100% welcome bonus goes up to £150 and there are loads of ongoing top up specials.
If you queried casinos about how they took up this practice in the first place, then in their own defence they would point out that wagering requirements are designed to prevent criminals from perpetrating fraud by misusing account balances or trying to ‘game’ the bonus programme itself.
But beyond that, you should see our breakdown of how this type of restriction is enforced, or how it affects an actual new player who makes a deposit. Imagine you just signed up and deposited your first £10. Let’s take it apart:
After seeing how this works, we bet you are resolving to find mobile casinos with no wagering requirements as soon as possible! We can sympathise.
Where is this fine print hidden concerning bonus cash? It is not something casinos are eager to advertise, after all, so you will not find wagering requirements in bold or waved before your eyes.
The answer is simple: you’re on a hunt for the Terms and Conditions, which are sometimes called T&C’s. Sometimes you’ll find this important information (including the wagering factor and any caps on wins) in one of many places:
In closing, we would just advise you to pause one moment before making the first payment into a new casino bankroll and ask yourself whether you have high hopes to win with your bonus cash if so, then read those T&C’s and know what you’re getting into. Or, play at casinos without the restrictions to make things easier, and more winning!