No Wagering & Low Wagering Casino Offers for the UK Players
Why Do Wagering Requirements Even Exist?
Wagering requirements are put in place to prevent online casinos from going bankrupt.
Imagine this scenario:
Casino 1 offers a 100% match up bonus on your first deposit up to £200 with no wagering requirements whatsoever.
You could then deposit £200, the casino gives you £200 and there is nothing to stop you from withdrawing the full £400. A 100% return on investment doesn’t come around often. But that would very soon put the casino out of business.
As you can see from the above example, wagering requirements are completely justified from a casino’s perspective. The problem starts when casinos begin to abuse them and attach ludicrous wagering requirements to a bonus.
How to Calculate Wagering Requirements?
Calculating the wagering requirements is a simple math equation once you know all the variables. There are a few variables that must be identified:
- Which amount is subject to the wagering requirement?
- What is the wagering multiplier?
- What are the winnings derived from the bonus money?
- What are the outstanding wagering requirements the bonus winnings are subjected to?
The first two are absolutely mandatory to any casino bonus offer. The last two depend on whether or not winnings are included in the wagering requirements. To calculate all possibilities, let’s use the same example:
|
Offer: “100% match up deposit up to £100 subject to 40x wagering requirements” |
Optional variables: Winnings derived from bonus = £50 Outstanding wagering requirements = 20x |
| Type | Wagering requirement calculation |
| Bonus amount |
£100 x 40 = £4,000 Bonus amount x wagering requirement |
| Bonus plus winnings |
(£100 x 20) + (£150 x 20) = £5,000 (bonus amount x wagering requirement fulfilled with the bonus money) + (bonus amount+winnings) x outstanding wagering requirements |
| Bonus plus winnings plus first deposit |
(£100 x 20) + (£250 x 20) = £7,000 (bonus amount x wagering requirement fulfilled with the bonus money) + (bonus amount+winnings+first deposit) x outstanding wagering requirements |
Wagering Tip! While wagering requirements make perfect sense from a business point of view, they should also be reasonable. When you get a bonus with 50x wagering requirements, it becomes highly unlikely you will ever get to withdraw any winnings. It becomes pretty clear the casino is offering such a bonus for it to be spent on its platform.
High wagering requirements also demand a much longer period of playtime. For a £100 bonus with 50x, that means you have to play through £5,000. If you use low stakes, at 20p per spin, which means you would need 25,000 spins to meet the requirements. That is a big number that requires a lot of time.
The growing frustration in the online gambling community culminated with the launch and rise in popularity of no wagering bonuses. These simply mean that you get to instantly keep the winnings derived from any bonus money.
The no wager bonuses and casinos are in high demand from modern players, who prefer simplicity and speed in their playing experience.
Conclusion
Bonus wagering requirements have been around for a long time. They will not go away anytime soon, even with the rise in demand and popularity of no wagering casinos. A bonus that says “£1,500 in free money” will always catch the attention of more people than “£20 in free bets”.
Wagering requirements are pivotal in the online casino industry. They are needed in order for the operators to put together an offer that entices new customers to join, while also offering a layer of protection for the casino that it won’t lose all the bonus money.
Both wagering and no wagering requirements bonuses have their advantages and disadvantages. Most of these are subjective to each player’s preferences. Some enjoy higher stakes and extended playtime in which case the more generous bonuses with play-through requirements are more appealing. Others prefer the chance to play for free and keep their winnings instantly, for which no wagering bonuses are the way to go.
Regardless of your preference, you still need to understand what these wagering requirements mean and how they work. That way you can have a truly enjoyable experience playing your favourite casino games.
FAQ
No wagering casino bonus means that you can withdraw your potential winnings from the bonus without the need of depositing and playing-through any additional funds.
A wagering requirement of 10x means you need to play through your bonus 10 times before being able to withdraw your winnings.
Currently operators like PaddyPower and Betfair run no wagering promotions. See the full list here.
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