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Wagering requirements, also called rollover or playthrough, are the terms and conditions that are associated with bonus clearing. They tell you how much you need to bet in order to claim a bonus and its winnings. Back in the day, casino bonuses and free spins required no wagering requirement, and this enabled unscrupulous players to misuse the casino gaming platform. They would deposit illegal funds and then withdraw their investment and winnings as clean money. Online casinos introduced wagering requirements in the bid to deter those who perpetrate similar acts, as well as ensure that players who sign up on the casino don’t just walk away with bonus money, without actually playing any games. Wagering requirements are now an integral part of deposit and bonus spins on many online casinos, but recently they tend to leave a bitter taste in the mouth of players.
Here’s a practical illustration: X casino offering a welcome bonus of 100% up to £500 + 75 free spins.You sign up with the casino and opt for the bonus. You then make the first deposit of £500, and your account is credited with an extra £500. That leaves you with £1000 to play games along with the 75 free spins. However, the bonus terms and conditions state that you have to roll over your deposit 10 times. This means you need to stake a total of £500 x 10 = £5000 before you can withdraw your winnings. Free spins also require wagering requirements to receive a payout.
There is a time limit within which you have to fulfil these conditions, and many players tend to lose more than they gain in the process. Furthermore, most casinos apply a max win limit, so you are restricted even further. Wagering requirements may have been created to fight off fraud and other crimes, but excessively high wagering has brought about the opposite effect. It is now affecting players who visit the casino with genuine intentions.
Wagering requirements are not necessarily bad if they favour both parties. These requirements for some casinos can go as high as 50x or 60x your bonus + deposit and sometimes they are as low as 1x the bonus amount. There is an enormous difference between the two scenarios. In the first, most gamers don’t even come close to meeting the requirements while the second scenario allows you to easily play through the bonus or free spins and withdraw your winnings. It is safe to assume that high wagering casinos do not value players’ interests. On the contrary, a fair and generous operator will set reasonable wagering requirements.
Casinos will forever be profit-oriented businesses, and there is no way that they would willingly choose to make losses. Wagering requirements serve to boost the casino’s income and cover-up for the bonuses and free spins that they offer to customers. The lack of such requirements defeats the purpose of profitability. So one could ask, how do no wagering casinos make money from no wagering bonuses? The answer lies in the original setup of the casino model. Despite the absence of wagering requirements, the odds are generally in favour of the house. Statistically, the casino is designed in a way that the more you play, the more profit the casino is likely to make in the long run. Even if you are a seasoned player who knows how to beat the house by implementing a range of gaming strategies, you are still more likely to profit the casino than yourself. The only exception is if a few lucky spins hit the jackpot, but that does not happen every day. If a casino offers a bonus of, say, £30 with no wagering requirements, that amount is coming out of their bankroll. It is a loss at that specific moment, but in the long run, it will be accounted for in the overall profits. You could think of it as giving up the battle to win the war. Another advantage to no wagering casinos is that deposit bonuses and free spins do not necessarily have to be large. The nature of the casino is already enough incentive for players to join the site. Hence, a no wagering bonus of £30 will be more appealing than £500 where you have to play through the deposit 10 times. In the same way, 10 free spins no wagering will look more enticing than 100 free spins with wagering requirements.
There are pros and cons to choosing no wagering casinos, but the way we see it, there is much less to lose compared to opting for a standard casino. A generous deposit or free spins bonus is not determined by the amount that is on display. The purpose of a promo advertisement is to attract new players. Operators make them look as good as possible on the outside, but the bonus terms are understated to the public.
Wagering requirements are not easy to meet because casinos ensure to have enough of an edge in how bonuses pay out. Slots count the most to bonus clearing, and it is not only because they are a popular choice among players. Online Slots usually have a house edge of between 2 – 10% and favour operators. On the other hand, it doesn’t come as a surprise that casinos restrict games with low house edges like Roulette and Baccarat.
If you are looking for fair treatment, then no wagering casinos are where you should place your stake. Here are three reasons to choose no wagering casinos:
The best part of these deposit and bonus spins is that your winnings go straight to your cash balance instead of your bonus balance. No wagering casinos take a more transparent and simplistic approach than online operators with wagering requirements. Traditional bonus and free spins offer tend to have numerous restrictions in small print on matters like acceptable games, bet size, max win, min deposit, and more. While a typical no wagering casino bonus does not possess such.
Players get free spins no wagering bonuses in this casino model. They are sometimes called zero wagering free spins and can be part of a welcome package, VIP scheme or daily promotions. They can be used on Slots, and the free spins winnings are yours for the keeping.
The no wagering first deposit bonus is available to new players as a welcome bonus. Most regular casinos have terrible wagering requirements for deposit bonuses, but wager free casinos offer a better degree of protection. No wagering casinos may offer a relatively smaller bonus, but weighing the risks proves that it is a more favourable option for iGamers.
Loyalty to a particular casino has many benefits, and reload bonuses are some of the most common ones. They have a very flexible min deposit and max win thresholds. Existing player rewards also come in the form of free spins, additional funds and cash-backs.
No deposit bonuses are a unique type of bonus that doesn’t require you to make an initial min deposit. Unlike the wagering deposit and bonus spins, it requires no financial commitment before you can start playing and winning at the casino. No deposit bonuses and free spins are very lucrative, and by default, they have wagering requirements. While the concept of no wagering bonuses is that there are no conditions attached to making withdrawals. You can do so at any time.
You may prefer a no deposit bonus because it is risk-free, or you could opt for a no wagering bonus to get your winnings immediately. However, some special bonuses require no deposit as well as no wagering. Choose a UK casino with absolutely no strings attached offering free spins no deposit no wagering requirements bonuses and free spins. This is practically free money, and in this profit-oriented industry, such incentives are very scarce. You may find them as level-up bonuses on some VIP schemes. Thanks to the popularity of the no wagering requirement phenomenon, there are quite a few free spins no deposit no wager UK casinos.
Essentially, both casino models are the same with the only difference being wagering requirements or the lack thereof. Apart from bonuses which we have already discussed, players should consider the following:
No wagering requirement UK casinos need a seal of approval from the Gambling Commission. Gambling at a regulated casino will ensure that the rights reserved to players are not violated. Sticking to a reputable brand is the only way to ensure that you get the treatment you deserve.
When it comes to casino gambling, you can’t overlook the games. In this case, we are not only concerned about the game collection, but also the games that can be played with a bonus. Regular wagering casinos restrict bonus clearing to Slots for both free spins and deposit bonuses. However, no wagering casinos do not have bonus clearing, so a broader scope of games should be available to play with the bonus. Slots, in particular, are player favourites and free spins no wagering bonuses are a staple at this kind of casino. The free spins no deposit wager should apply to more than a few games.
Luckily, the Gambling commission shares in the sentiment of players in the UK, and efforts are being made to reduce the presence of ridiculous wagering requirements and at the same time propagate wager free casinos. They have put up the argument that online casino sites advertise free spins that are actually not free because they have rollover requirements attached to them. Besides, they sustain that bonuses should not allow arbitrary power in the hands of casinos as this would be unfair to players.
The gambling commission is the regulatory body for offline and online gambling and gaming laws in the UK. Every legal operator has to obtain a UKGC license, and the body is charged with curbing crime and ensuring the safety of both casinos and players.
Wagering requirements started as a preventative measure but have now become the industry standard for casino bonuses. The only way to avoid them is at no wagering casinos. The latter offers the deposit bonus with no wagering as well as free spins no wagering bonuses. It is unlikely that no wagering casinos will take over completely from the standard casino model. However, a positive change in wagering requirements would be a significant improvement in the standard casino.