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What Are Wagering Requirements?
Wagering requirements are often seen as the most important part of bingo bonus terms and conditions. They represent the number of times players must wager their bonus funds before they can request a withdrawal.
For instance, imagine you have decided to register at a casino offering a 100% first deposit match bonus with 5x wagering requirements. When you fund your account with $50, the casino will add another $50 to your balance. However, due to a 5x rollover, you’ll have to wager $250 (5x the bonus amount) before requesting a withdrawal.
In some cases, wagering requirements may apply to the sum of your deposit and bonus amounts. Using the previous example, you would have to wager $500 on designated games to receive the cashout.
While you may come across wager-free online casinos, they are a rare find since wagering requirements have become deeply engraved in the online gambling industry. Yet, all websites are free to set the bonus rollover as they see fit, which is why you should always read the terms and conditions and determine how much you’ll be required to spend based on your deposit size.
How Does Wagering Requirement Work in Bingo?
Unsurprisingly, those players who claim a bingo bonus will have to meet wagering requirements by playing bingo games. Still, note that all games count differently toward meeting the bonus rollover, and bingo titles usually have a lower wagering contribution than other games, such as online slots.
Let’s say that online slots contribute 100% toward the rollover, while bingo games have a 10% contribution. In simple terms, $1 spent on online slots will clear $1 from your bonus rollover, whereas $1 spent on bingo games will only clear $0.10. This means that you’ll have to play bingo games much longer if you want to meet the rollover requirements and get the right to request a payout.
Bingo bonuses are a welcome treat for casino players who like this classic game of chance. Their advantage over other casino promotions lies in low wagering requirements, so if you’re no stranger to playing lucky balls, find the best casinos with whopping bingo bonuses at the top of the page and give them a try.