When choosing a new site to play bingo on, it’s important to consider the wagering requirements that the site requires you to meet before you are able to withdraw. Of course some sites have high wagering requirements which can be bothersome, but there are a few sites out there which offer low wagering requirements representing a good deal for players.
In fact, there are even some no wagering requirements bingo sites out there which mean you don’t have to worry about requirements – just play, win and withdraw!
What are wagering requirements?
Wagering requirements are basically terms which state how many times you have to wager a bonus in order to withdraw it or winnings earned from the bonus. A lot of bingo sites put high wagering requirements in their terms meaning that you’ll have to spend far more than the bonus amount is worth in order to withdraw any winnings.
What this basically means is that you’ll have to wager the bonus amount multiplied by the requirement. So for example if the bingo site comes with a wagering requirement of 10x, you would have to wager your bonus amount (for example say £50) 10 times over before you could withdraw any cash earned from this bonus.
However there are some sites that don’t place these requirements on their bonuses. These are known as bingo sites with no wagering requirements.
Considering your ticket price
The amount that you spend per day will make a big difference to how easy it is to meet your wagering requirement. For example, if you were playing in a penny game, you’d need to play 100x more than a £1 game to meet those requirements. While you want to have fun – you still want to think about getting your cash!
Real cash doesn’t come with a wagering requirement but this will usually be used before your bonus funds. Some sites have bonuses that are sticky – which means they stick to your balance and won’t be able to be withdrawn. Cashable bonuses are ones that you can eventually withdraw.
Are there time limits on wagering requirements?
While there aren’t time limits on the requirements themselves, you will need to use up your bonuses before you lose them. If these wagering requirements aren’t met within the time period then you’ll lose your bonus.
Other factors besides that may impact your winnings
While wagering requirements may feel like the be all and end all, there are other factors to look out for, like:
- Welcome Package – If you’re getting a smaller or fewer deposit bonuses then higher waging requirements may be a good payoff. Consider the entire package and the wagering requirements to work out if these are really worth it.
- Deposit Bonuses – The frequency of bonuses is essential, as a one off isn’t as good as recurring bonuses. If you want to stick around then bear this in mind.
- Cashback – Getting cashback on your losses can really add to your funds, especially if you’re a loyal player. This percentage cashback can give you much more to play with.
- RTP – The overall return to player percentage of a site also factors in, if you’re able to win more often then you’ll find it easier to get through any requirements.
Sites with no wagering requirements
One of the best sites out there offering no wagering requirements bingo is mFortune. This bingo brand offers new players a £5 no deposit bonus for signing up, meaning that players don’t even need to deposit their own cash to start gaming on this site. More than that, this bingo site operates a ‘keep what you win’ policy which means that there are no wagering requirements and players are free to keep whatever they win from this £5 free bonus and subsequent deposit bonuses offered by the site. You really could win money for nothing at this site.
We’re now seeing more networks with no wager bingo at the heart of them. The most recent to launch is the Dragonfish Real Money bingo network, which incorporates brands like Hunky, Zinger and Blighty Bingo. This is something that we can most likely to expect to become a much wider trend, as players simply don’t want to be bothered by wagering requirements.
Comparisons to sites with low wagering requirements
Although no wagering requirements bingo seems like a good deal, there are still limited bingo sites where this option is available. Instead it might be better to look for a bingo site with low wagering requirements to play on, particularly as they can offer bigger bonuses in the long run.
Check this out in advance to make sure it’s worth it to play bingo with no wagering requirements. No wager bingo sites are among our favourites, though just make sure that you’re aware of all that fine print before you play.
Are there terms and conditions to be aware of?
As with any bonus, and any offering from a bingo site which seems a bit too good to be true, there are often terms and conditions which must be met in order to either qualify for the bonus or to take advantage of the no wagering requirements condition.
Before you get your mitts on a no deposit bonus, you might need to provide your card details for identification. Although no money is taken, this can be an unexpected issue, particularly if a player would prefer to make their deposits and withdrawals via another method.
With sites that offer a no deposit bonus, you may not get this unless you use a card, as alternate payment methods don’t always allow you to pass the identity check required.
As well as this, you have to be aware of the likes of bonus forfeiting. If you’ve not played through your funds once and request a withdrawal then this may mean you’re giving up your bonus funds. There can also be stipulations like, you can only withdraw once you have a certain amount in your account, which can be a bit harder to attain.
When you use different payment methods, you may actually have to wager more. This offsets the additional costs behind taking these payment methods, but some players find this to be a bit too sneaky for their liking.
Wagering requirements, terms and conditions are all apt to change – so make sure you’re aware of what these mean for you. What wagering requirements will we see in sites offering new PayPal bingo 2018?