They say there’s no such thing as a free lunch, and well it applies to the casino world too. You see a huge free bonus offer or a juicy no deposit bonus offer and get ecstatic. But have you read the fine print of the offer?
Casino wagering requirements aren’t a casino player’s best friend but are very important nonetheless. Especially since they differentiate a good bonus offer from an average one, and differ from casino to casino, from one offer to another.
What Is a Wagering Requirement?
Wagering requirement or Playthrough requirement is the amount of real money you must wager before a casino allows you to withdraw the money you won using the free bonus money.
You may have seen casino offers like 100% Bonus up to $200, and then the terms and conditions stating the wagering requirement, such as 30x.
So, suppose you deposit $100 and receive the advertised $100 bonus, and with this bonus money, you win $10,000. To withdraw this $10,000 you will need to meet the 30x bonus requirement first, which in this case will be $3,000 (30 x $100). In other words you need to wager $3,000 before you can withdraw your $10,000. It doesn’t mean that you need to win or deposit $3,000, but simply wager that much amount in the casino.
Another important thing to check is if a casino is multiplying the wagering requirement by the ‘bonus amount’ only or by the ‘bonus PLUS the deposit amount’. So if you’re searching for low wagering casino bonuses then first check that a casino is multiplying by only the bonus amount .
Needless to say, lower the wagering requirement the better it is for the players.
Game contribution to the wagering requirements
Different casino games contribute differently towards meeting the wagering requirements of a bonus, expressed as a percentage. Some games contribute more while others don’t contribute at all, and this varies from casino to casino. Usually slots contribute highly while table games like Blackjack or Hold’em or live casino games contribute quite low.
For example if a casino states that ‘slots contribute 100%’, then every real money bet you make on slot games will contribute in meeting the wagering requirement of the bonus. That’s good.
Why do Casinos put Wagering Requirements?
Sure, casinos are entertainment and recreational establishments. However, foremost a casino has to make profit for the owner(s) or else it’s a no show. Placement of wagers serve as an income source for the casino and also helps prevent bonus abuse, such as opening multiple player accounts to claim bonuses.
Top Casinos with Low Wagering Requirements
There are some reputable casinos with pretty reasonable bonus requirements. Let’s take a look.
Thrills Casino – this casino is at the heart of this list because, in addition to their immensely rich slot range, they also have a NO wagering requirement on their Welcome Free Spins. Winnings gained when playing with extra spins have no strings attached, you can withdraw them whenever you want.
BGO Casino – BGO offers new players 1 free spin for every pound deposited, up to 50 wager free spins, on their first deposit. Called as Fair Spins, they have no max win or wagering requirements.
PlayOJO Casino – When you make your first deposit, PlayOJO will give you 1 Free Spin for every £1 you deposit (up to 50 Free Spins). The free spins winnings are paid in cash and do not have any wagering requirements or hidden terms.
If you do not take any bonus or free spins offer from a casino, then you won’t have any wagering requirements to meet too, and you can withdraw your winnings immediately. While we all wish there were more casinos offering bigger bonuses and free spins with no limitations, we have to be realistic and make do with what we’ve got. And casino bonuses do give players that extra bit of zing to make the game play more exciting.