An Article on the Benefits of Wager Free Bingo and Slots
With so many online gambling websites around where you can play bingo, slots and casino games all with many offers to go with them, it can be very easy not to know which is best. They may be promoting the chance of getting ‘free spins’ or ‘free bingo bonuses’ or even the chance to win a major prize like a holiday as long as you spend X amount on a particular game. All of these are attractive offers. However, due to all the legislative changes these past few years, we have seen quite a few brands adopt the view that promotions with no wagering requirements are now part of the norm. This article takes a brief look at the benefits of bingo, slots and casino offers that don’t require you to wager any winnings.
So what does Wager Free mean?
Whenever you see a promotion advertised at a gambling website it will have attached to it certain terms and conditions. These can include such things as how much money you may need to deposit into your account to take part or to be eligible for the offer. This can be particularly true for new players registering a new account. Or maybe, it may state how much you need to spend on a particular game or have details of a funded game you need to take part in.
Besides these significant terms, you will always find information about the wagering requirements attached to that offer. These details show how many times you will need to ‘turnover’ any bonus winnings from the promotion before you can withdraw those funds and maybe any deposit associated with it. As an example, let us take a look at the Sing Bingo Welcome offer.
The offer basically gives you a 300% bingo bonus up to £200 and 30 free spins. When we look at the terms we can see that the minimum deposit is £10 and that the bonus you would receive plus the original deposit added together must be wagered 4 times before being converted into funds you can withdraw. So if in total you had £40 to play after a £10 deposit (£10 funds + £30 bonus) you would need to wager a total of £160 before you can make a withdrawal of any or all of those funds. (These terms are correct at the time of publishing this article)
Now a 4 times wager requirement is not too bad when you look at some of the other promotions you can find by searching other bingo, slots or casino websites. However, it carries the chance that any winnings you have made plus your initial deposit could be lost.
This is where taking part in a promotion that has no wagering requirements means that your winnings and deposit can be withdrawn at any time. No need to continue playing more online bingo or spinning the reels of your favourite slots. There is no risk that you are going to lose what you have just won.