What a Casino with Low Wagering Means to You
Get through your bonus requirements faster!
How many online gamblers have registered an account with an online casino, received the bonus cash from them, and probably even some money using it, only to find out later that they should have chosen a site with low or no wagering requirements – if only they had known! So, what are wagering requirements? These are the restrictions (a set of rules) that an online casino places upon anything won while using bonus or free cash. If you play at an online casino for real money in Canada with high wagering requirements, even the largest bonus can be rendered worthless.
This is because if you win a large amount of money, you wouldn’t be able to withdraw and enjoy your winnings before you have completed the play-through. For instance, if you win $10 from free spins, you won’t be able to withdraw and have to keep playing until you meet the wagering requirements.
You may, however, ask yourself: why do online casinos give away free money? Well, the answer is rather simple. Since the overheads aren’t as high as at brick-and-mortar casinos and with there being a lot of competition online, online casinos offer bonuses to attract players to deposit in their casino. These bonuses, though, are accompanied with stringent wagering requirements. Now, let’s look at this inconvenient practice, and how it can be avoided, shall we?
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Casinos With No Wager Free Spins
While no casino offers zero wagering on bonus cash, there are a select few that do offer no wager free spins when you sign up and deposit with their casino. These keep-what-you-win free spins are a great way to try out a new casino. Not only do you get some free game play but you can also cash out your winnings immediately. You can even find a no deposit casino that will give you no wager spins for free. The fact they offer these types of deals goes a long ways to building player trust and for great online casinos, this is an important step. Getting some cash back right away from the casino lets you know that they will pay out your winnings and it will ensure you go through the appropriate withdrawal procedures by giving the correct documentation up front. This means when you win big later on you will be ensured that future payouts will go smoothly. Here are some great casinos that offer no wager free spins as part of their Welcome Bonus package:
Play OJO Casino: 80 Free Spins No Wager
This fast payout casino is offering 80 no wager free spins for new members, with a low deposits of only $10! They have an amazing collection of games and plenty of payment options for Canadian players!
Let’s face it – all online casinos want to make steady profits and they will go to any lengths to make it happen. Facing excessive losses over time due to casino bonus abuse, wagering requirements were introduced by online casinos for players to get the bonus. It is usually specified as a number with the letter ‘x’. For instance, a wagering requirement of 40x means that the player must wager 40 times the bonus amount to withdraw their winnings.
Wagering requirements – also commonly known as play-through requirements – act as a deterrent against abusive players and is way for online casinos to prevent players from getting the bonus and walking away with their money. More importantly, it keeps criminals from using casino bonuses in order to launder their illegal proceeds. Hence, players need to satisfy the wagering requirements to be able to cash out their winnings.
This multi-pronged strategy is adopted by all online casinos and is clearly mentioned in the Terms & Conditions of each bonus offer. Therefore, before you decide to use the casino bonuses for Canada, it’s imperative that you take a closer look at the wagering requirements being offered. By doing so, not only will you be able to understand how the system actually works in practice, but also not be surprised later on with the play-through demands.
For players who have just started out with online gambling, one of the most common mistakes you are likely to make is: increasing your wagering requirements by using your bonus funds on the wrong casino games. While players would understandably see roulette or blackjack as simple games for clearing their wagering requirements, it’s actually the opposite!
As you probably may know already, the wagering percentage of a certain casino game contributes to the overall wagering requirements. This, however, is going to differ from game to game. For instance, if you are playing a game that contributes 50% towards the play-through, a wager of twice as much needs to be placed to fulfill the requirement.
Game contributions towards the wagering requirement are often more complex on games such as Roulette, Blackjack, and Baccarat because they only contribute 50% or less to the overall wagering requirement. For instance, when you play at Microgaming powered casinos, you will notice that Blackjack only contributes 8% to the wagering requirement.
Do you know what that means? If you accept a bonus and play any one of the aforementioned table games, the wagering requirement will be significantly higher than what is originally stated. If you love to play slots online for real money, however, you will be glad to know that they contribute 100% towards the overall wagering requirement – isn’t that straightforward?
Low Wagering Bonuses
Although we can understand the need for online casinos to have wagering requirements (even though we might dislike them), as players we are always going to wish that they didn’t exist because it would just make things so much easier. Some online casinos, however, make this dream come true and offer bonus money or free spins without having those pesky requirements to fulfill.
This presents players with a number of advantages. First, by playing at online casinos with low or no wagering requirements, players have a realistic chances of winning back their money. Withdrawals can be made easily once the low wagering requirement is fulfilled, and will feed satisfied after depositing your winnings into your bankroll.
Second, with there being wagering requirements to meet, your money is tied up indefinitely and since you need to play that bonus cash a certain amount of times first, a chance of losing your money before the play-through requirements are met also persists. Lastly, you don’t have to play a certain game for hours to clear the requirements and can withdraw your winnings almost instantly!
As we conclude, we would advise players to research properly before depositing into an online casino and accepting their bonus cash – you should ask yourself whether you have a realistic chance of winning with your bonus! You can know what you are getting into by evaluating the wagering requirements of that casino. All you have to do is visit their Terms and Conditions page, and see if the play-through requirements are reasonable.
Alternatively, you could just play at an casinos online that offer low or no wagering requirements. Not only will you be able to withdraw your winnings almost immediately, but also have a good chance of winning back your money. Furthermore, you can also make sure that your money isn’t lost before the wagering requirements are met – wouldn’t all that be great?