Bingo Sites with Low Wagering Requirements
Some websites require larger wager amounts than others. This can make a promotion which seems like a great deal, less appealing. However there are a select few bingo sites with low wagering requirements and fantastic first deposit bonus offers available to choose from. Yours truly at JackpotJaneBingo.co.uk has created a selection of some of the best ones in our list below:
But What Are Wagering Requirements?
Wagering requirements are a strange concept to consider, because in order to claim money you won fair and square, you must first put even more cash in to get money out.
For example if a site gave you bonus cash that totalled up to £30 but they required a 30x wager, what would happen next is that to get your £30 in bonus money you would have to wager that bonus amount of £30 at least 30 times.
So that means your ‘bonus’ £30 would cost you £900 to get back.
Although 30x may seem like a lot it’s actually an average amount for bingo sites and the amount you’re required to put into a bingo website varies from site to site. There are also minimum withdrawal limits on bingo sites to be aware of too, as not only do you have to meet wagering requirements, you have to ensure you’ve won enough to actually withdraw.
Although the above is just a small selection of some the cheaper sites available, in the future before you sign up for a website you may want to take a glance at the wagering requirements to work out the minimum withdrawal limits on bingo sites first.
No Deposit Bonus
No deposit bonuses are subject to wagering requirements on most sites. This means that allow you’ll be given free funds, you’ll have to wager your own cash before you can get your hands on any winnings. Some sites impose huge wagering requirements, whilst impose a low level.
You’ll be able to find out the level of wagering requirements by checking the terms of the welcome promotion. Look for sites which offer less than x4 the bonus amount.
Even free spins can be subject to wagering requirements. Free spins wagering requirements will generally be different from those which apply to bingo games. In terms and conditions, these will be referred to as IG bonus funds. To save you time, check the free spins promo terms to find exact requirements. If you can’t find them here, then they will be included in the full site terms.
A common pitfall of new players is to be reeled in by the promise of huge bonus funds, without checking wagering requirements. Bingo sites with no wagering requirements are extremely rare. mFortune is a notable exception to this. The site’s ‘keep what you win’ policy means that they have no wagering requirements at all.
Regardless of where you hear about a re-deposit bonus, it is likely to carry requirements. Whether it is advertised on the bingo website, on social media or via email, it will carry terms. Very rarely will these terms fail to levy wagering requirements.
What Does Easy Withdrawal Mean?
Put simply, easy withdrawal is when withdrawing from a site follows a straight-forward process. Sites which are known as ‘easy withdrawal’ sites, tend to impose lower wagering requirements and take less time to process requests.
Every site should have dedicated banking terms. On easy withdrawal sites, these terms will break down exactly how you withdraw and how long this with take. Many also breakdown withdrawals by payment method used.
Different Kinds of Wagering Requirements
You probably won’t be surprised to learn that there are lots of different things that can impact the wagering requirements on a site. When it comes to withdrawals, wagering requirements can mean:
- That you cannot withdraw any of your balance (even real cash) until the requirements are fulfilled.
- That you can withdraw but any bonus funds will be forfeited as soon as you request it.
Top Tip – Some sites will impose higher wagering requirements for alternative payment methods, make sure you’re aware of this.
Are there Sites with No Wagering Requirements?
Some players just don’t want to get tangled up with wagering requirements and such, so they opt to play on sites without them. This is becoming more popular, as evidenced by the launch of the Dragonfish Real Money Network. Sites like PocketWin and mFortune have done this for years, but this is the first entire network of no wagering requirements bingo sites.
What to look out for in T’s and C’s?
As we’ve mentioned many times during this article, checking out terms and conditions is extremely important. When scanning the terms of any site or promotion, look for the following information:
- Bingo bonus wagering requirements
- IG bonus wagering requirements
- Games which do not contribute to wagering requirements
- Withdrawal limits
- Withdrawal process
- Withdrawal times
- Processing times per payment method
Other Factors that can Impact your Winnings
Take into account the following aspects, as these can affect your winnings just as much as wagering requirements:
- Welcome Package – Are you getting the most for your money? Think about the amount that you’re getting and the wagering requirements associated.
- Deposit Bonuses – Are you being rewarded in the long term or is there a lack of bonuses because of the lower requirements?
- Cash-back on Losses – If you’re getting cashback on your losses, then you’re not losing as much. Getting this percentage back means you can play more and win more.
- RTP – The return to player of a site or game is important, as this affects how much you could win back on average.
The Best way to Beat Wagering Requirements
There are many ways to get through those pesky wagering requirements, but the most important thing is to suit your play style and budget. Whether you choose to go big and spend £100 on a single spin, or section £1 for 100 spins – the outcome will be the same. Just focus on having fun and the rest will follow.
Now that you’re clued up on low wagering requirements, go forth and net those winnings!