Wagering requirements protect the interest of online casinos that don’t require deposits. It prevents players from opening multiple accounts to cash their winnings, even if they have no intention to become regular players.
Online casinos offer bonuses and the usual perks like complimentary food and drinks to lure players. One such bonus is the no-deposit bonus. This gives new players free money to play at the casino tables while also earning real money.
No initial success for no deposit casinos
This bonus may seem appealing and attractive to some, but it was a massive failure with the rise of online casinos. The abusers of no deposit bonuses in the gambling industry increased dramatically with very few regular players.
Wagering requirements: A solution to no deposit bonus frauds
The ultimate solution to no deposit bonus fraud is to introduce wagering requirements. Online casinos can finally sigh relief from the enormous losses caused by no-deposit bonuses. The terms of no deposit bonus casino bonuses with wagering conditions are modified to protect the interests of online casinos and still allow real casino players to enjoy the same benefits. The wagering requirements are also known as playthrough requirements. They can vary from one casino website.
What are these requirements?
Wagering requirements are the most critical aspect of wagering. Players must wager more than the initial deposit they made to cash any winnings from a no-deposit bonus casino.
The casino will determine how many times the original deposit should be used. Before claiming a no-deposit bonus, players should read the terms and conditions. To cash out the winning amount from a no-deposit bonus, players must play and place wagers equal to 15x the amount of their initial deposit.
Is this fair?
While this may seem unfair to some, it is fair for real players. Online casinos can avoid signing up for these bonuses to have fun and make money, but not to be regular players. No online deposit casinos offer this bonus to encourage players to play online.
Additional variations in wagering requirements
These wagering requirements can be complicated because no-deposit casinos may assign specific percentages for a few games, which reduces or increases the player’s target to meet these requirements. This means that if the poker rate is 40%, a $100 wager would only contribute $40 towards the wagering requirement.
Each bet brings the player closer to the goal. You should ensure you read all wagering requirements for the online casino where you play.