Wager requirements can be difficult to understand. The majority of all online bingo sites have a wagering requirement of some sort, and only a very small number have no wagering requirements. A wagering requirement is applied to a deposit bonus, which you receive when first joining a bingo website. They can be difficult to understand so this guide will help explain everything you need to know. We’ll also show you a number of websites that have no wagering requirements or make it easy for you to make a withdrawal. All of our reviews show the actual wagering requirement for that specific website if you want to know more.
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No Wagering Bingo Sites
What is a Wagering Requirement?
Essentially it is a requirement to make a minimum spend at that particular bingo site. The minimum spend amount changes from site to site and can be found in the terms and conditions.
When you make your first deposit at a bingo site you are usually given a deposit bonus of some kind. These bonuses are to tempt you in to signing on the dotted line and spending money. They are always advertised as ‘free’ money but in truth there is no such thing as a free lunch. The bonuses will usually have a wagering requirement attached to them and the higher the bonus you receive the higher the wagering requirement. You will find the requirements in the terms and conditions that will mean reading through reams of difficult text.
How to Work it All Out
Lets use an example to help explain things. You see an offer that says “spend £10 get £30 free”. The wagering requirement in terms of this bonus is stated as being 4X. The formula is quite simple. £10 + £30 + £40 X 4 = £160. This means you would need to spend £160 on bingo tickets before you could make a withdrawal. Some sites may allow you to make a withdrawal before doing this, but by doing so you will lose any bonus funds or loyalty points that you had.
There are essentially two different types of wagering requirements:
- A wagering requirement that must be met and played before any kind of withdrawal can be made
- A wagering requirement where you can make a withdrawal before meeting it, but it will mean losing all bonus funds that you have
The wording will specify which of these types of requirement it is. If the wording does not state the second type shown above then it will always be the first type – meaning you have to meet the requirement before making any kind of withdrawal.
Usual Withdrawal Requirements
Once you’ve achieved the wagering requirement there then a couple of other factors that will need to be taken into account. One thing to look out for is the documentation required before being able to receive your winnings. Usually a photo ID and a bill of some kind are required. These are necessary by law and help reduce fraud and money laundering activities. One of the other things to watch out for is the minimum withdrawal amount. This amount can vary anywhere from £20 – £50. But it really does depend on which bingo site you have joined. Our individual site reviews will tell you what the minimum withdrawal amount it.
Its Not Just Wagering Requirements to Watch Out For
It may seem that all you need to worry about before being able to make a withdrawal is hitting the wagering requirements but this is not the case. All bingo sites also have a requirement for you to have deposited a certain amount before being able to make a withdrawal. This can also be found in the terms and conditions but typically varies from £20 to £50. If you want to know more about this, then all the reviews on this website will show you how much you’ll need to deposit before being able to make a withdrawal.
Casino Games Are The Worst
It is all very well explaining about the wagering requirements of bingo games. But there are not just 90 ball and 75 ball games of bingo to play, but slots and casino games. This is where things can get even more confusing. When you play a game that is not bingo, for example roulette, then only a certain percentage of the wagering requirement is met. Here is an example taken from a Dragonfish site.
|Game Category||Game Contribution|
|Video Slots & Slots, Scratch cards||100%|
As you can see from the above table, if you were to play a Hi-Lo Game then only 50% of what you spend will contribute to the wagering requirement. For example, you spend £50 playing Hi-Lo games; only £25 will go towards your wagering requirement. This in turn will mean it will take far longer for you to get to clear your balance.
Will They Ever Disappear?
It looks unlikely that wagering requirements will disappear, despite pressure from authorities about how miss leading free money is. A number of bingo operators have tried different methods in reducing this. But a certain amount will always be required to be played through as part of the money laundering laws.
One network is however trying to do something different. Jumpman Gaming sites will allow bingo players to make a withdrawal after depositing £30. This is definitely an advantage to the player. But the downside to this will see the player forfeit any bonus funds or loyalty points they had.