Are you struggling to understand what bingo wagering requirements are and how to get the better of them? Is it spoiling your enjoyment of your games?
If you love playing bingo, or the great slots games found at many bingo sites, do you get excited when a new bingo site launches with a fantastic welcome bonus? Do you then find yourself frustrated when you join the new bingo site and find that you are unable to get your hands on any winnings from the bonus because of ‘wagering requirements’?
Wagering requirements are often an annoyance and if you are not sure how these rules might affect you as you play online bingo or slots, check out our quick guide ‘What are Wagering Requirements?’ below.
We do stress how important it is to check all terms and conditions when joining a new bingo site. Now all sites must have them clearly defined as close to their welcome offer as possible, so there should not be any nasty shocks. However, wagering requirements on bingo sites do seem a little outdated.
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Thankfully, many bingo operators are now seeing things the modern way and we are excited to see more and more bingo sites launching with no wagering requirements attached, or very low wagering, to make things simpler and fairer for players. The even better news is that established online bingo sites are also getting the message and reducing wagering requirements to bring them into line with the new kids on the block. We’ve had a look around for you and found out which operators have the best wagering requirements.
Check out our list of approved bingo sites with no wagering new player offers, or low wagering requirements, so you can have all the fun and less of the worry!
Now you may have noticed that many of those sites tie you in to particular bingo games with their no wagering welcome bonuses. If you prefer to choose your own games to play, then you might prefer an online bingo site with a low wagering requirement, but that lets you spend your bonus where you wish. Some big names have really taken players wishes to heart and have lowered their wagering requirements while still allowing freedom of choice.
Check out some of these great online bingo sites that have good bonus deals with wagering under just 3x or less.
Wagering requirements are terms and conditions, usually imposed by bingo sites on players who accept a sign-up offer that awards an amount of bonus funds. Wagering is usually shown as a multiple figure, such as X4, which means you must spend four times your bonus received before you can withdraw any winnings.
One of the most common wagering requirements for bingo is 4x (deposit + bingo bonus), found at the majority of Dragonfish bingo sites.
Here’s a breakdown of what this means:
REMEMBER – the total to meet any wagering requirement is not what you have to deposit, but what you have to play from your original deposit and any winnings before you are eligible to withdraw.
Some sites might even have restrictions on what bingo rooms or games contribute towards the wagering amount, e.g. money spent in bingo may contribute 100% to wagering, but only 50% on slot games or not at all on casino games. It really does differ from site to site.
Wagering requirements were originally a result of money laundering laws, enforced so that a money launderer couldn’t simply deposit money into a bingo site and then immediately withdraw it again. However, when you see some of the larger wagering requirements it can be looked upon as more of a way of discouraging players from withdrawing any winnings at all.
This is all part of the reasons why sites such as those listed here are now offering a completely no wagering experience.
Further, on some sites you can simply refuse the sign-up bonus to avoid any wagering requirements, but you would still have to play through your deposit once before withdrawals are possible to comply with money laundering regulations.
Attitudes to wagering are changing at many of the bingo platforms as they become more aware that players themselves are much more savvy about these rules than they used to be. Some are even using their easier wagering requirement as a selling point and focus the whole network around the concept of no wagering requirements.
Wagering requirements for sites operated by Virtue Fusion/Playtech can differ, as they are set by the individual operators (Aztec Bingo wagering requirements will be significantly different to those at Paddy Power Bingo, for example).
The requirements can be as high as 6x the deposit and bonus amount, and the player is usually required to spend all of the cash deposit before the bonus can be released. The more usual amount is 4x the bonus received, which is much more manageable.
Conversely, other sites on the platform only ask you to play through your deposit and bonus once and even use the bonus first.
It is also worth noting that some Virtue Fusion sites have cash only rooms, where the bonus amount cannot be used.
Standard Dragonfish wagering requirement –
At most sites winnings from both bingo bonus spend and instant games bonus spend will go to bonus balances and cannot be released until full wagering met.
Dragonfish Real Bingo Network
The exception to this rule occurs at the Real Bingo Network sites operated by Dragonfish. These have NO WAGERING requirements as they provide you with tickets to specific games, usually to a high value of £70. While you don’t get to choose where you play the bonus, any winnings you achieve are paid to your cash balance.
Standard Cozy Games site wagering requirements
Bede Gaming standard wagering requirement – 4x on deposit bonuses and 99x on no deposit bonuses only on bingo
Many of the bingo sites with no wagering requirements do limit you to bingo tickets in specific games, rather than allowing you to choose your own games. These will usually be 90 ball bingo games or 75 ball bingo games as these are the most common and the most popular.
On a bingo site with low wagering requirements, you will usually be able to play any type of bingo game, but you may be excluded from games with a bigger progressive jackpot or a guaranteed jackpot.
In addition, there are more and more sites that are now also including some slot spins with no wagering requirements either. If you do join a site with slot spins as part of the offer it will often be on designated games, but they would tend to be the more popular games like Starburst or Fluffy Favourites.
The beauty of no wagering bingo is that it means exactly what it says. Should you be lucky enough to win, you will be paid in cash, not bonus funds, to your cash balance and be able to withdraw subject to the minimum withdrawal levels at the site you are playing at.
Some of the no wagering slot offers may be subject to a maximum win level that is a little on the low side, but you still have the fun of the spins and can then move on to play at the site as normal.
This is relative. Some people hate the fact that winnings go to bonus balance when playing with bonus instead of to cash and building up a balance to possibly withdraw. And we do agree that once you see bingo wagering terms in excess of 4x then you should be sure you are aware and are happy to keep playing at the site.
The golden rule is ALWAYS READ THE TERMS AND CONDITIONS BEFORE DEPOSITING AND STARTING TO PLAY.
Bingo sites are businesses and all businesses want to make a profit. Some players will win and be able to meet set wagering requirements and withdraw and others will not be so lucky – it is all the luck of the draw.