When playing bingo online, one thing it’s important to consider before committing yourself to one site to play on is the wagering requirements on the site. Bingo sites place wagering requirements on bonuses and promotions as a means to stop players taking advantage of bonuses without spending any time on the site.
What are wagering requirements?
Wagering requirements are basically a condition placed on bonuses and promotions in bingo sites. They state that players must wager a bonus or winnings a set number of times before they will have the opportunity to withdraw the cash. This stops players taking advantage of welcome bonuses and promotions, and leaving a site without spending much or any of their own cash first.
When you join a site and receive a welcome bonus, you will usually get a percentage added onto whatever you deposit, for example you could deposit £10 and get £30 free to play with. Whilst this money is free to spend on the bingo and slot games on a site, you will not be able to withdraw the £30 in cash straight away. Instead the bonus will come with wagering requirements which are often quite high, such as spending the bonus over 50x the bonus amount before you’d be able to withdraw the cash.
Additionally, any winnings earned from your bonus cash are also subject to wagering requirements before you can withdraw this. Again these can often be quite steep, with some sites asking for winnings to be wagered 20 to 30 times before they are eligible for withdrawal. Similarly, the same sort of conditions are placed on regular bonuses and promotions, from a redeposit bonus to cashback and more.
Terms and Conditions to look out for
Aside from looking out for the requirements in the terms, it’s also important to look out for any conditions which might prevent you from withdrawing bonus cash at all. Also pay attention to the small print as you may find that there are time restrictions bonus on the bonus cash and when you should spend it by.
Additionally, be sure to pay attention to the terms and conditions of your bingo site to look for low wager bingo, meaning you could find yourself with the opportunity to withdraw bonus cash winnings without having to spend a fortune first.
Sites with low wagering requirements
Not all bingo sites make you spend huge sums to claim any bonus winnings, in fact there are quite a few low wagering bingo sites out there. If you want to make the most of your bingo bonuses and any winnings you make from them, check out our list of low wagering requirements bingo sites below:
Wagering requirements at Bingo Hollywood vary from bonus to bonus but unless it’s stated otherwise in the individual bonus/promotion T&C’s, players should wager 4x the total amount of bingo bonus funds or 40x the games bonus funds before cashing out. When it comes to the welcome bonus, players must wager 4x the bonus cash amount plus the deposit amount before having the opportunity to withdraw.
This site has pretty low wagering requirements, with players having to wager 4x bonus bingo funds and 10x if playing all other games. The minimum withdrawal amount is £20 and players must have made a deposit of at least £10 to the site first.
Another site with reasonable wagering requirements is Glossy Bingo. Here you’ll have to wager 5x the bonus fund value on bingo games, whereas a lot game play contributes to meeting the wagering requirements at a rate of 10%.