One of the best features of playing on a bingo site is being able to get your hands on tons of great bonuses and exclusive deals on the site.
Wherever you go you will see bingo sites with offers like ‘Get £10 free’ or ‘Earn a 900% bonus’, but did you know that these rewards of free cash actually come with wagering requirements attached to them?
What Are Wagering Requirements?
If you’ve never heard of wagering requirements then don’t worry, they’re a fairly simple concept to understand. What they basically are is a request by a bingo site to wager an amount of cash equal to the bonus funds you attained before you can make a withdrawal.
For example, you could sign up to a site that gives you £20 in bonus cash but asks for a 20x wagering requirement. What that would mean is you would need to wager an amount that is equal to that bonus cash (in this case £20) at least 20 times.
You would then wager £20 a minimum of 20 times before you can make a withdrawal. So you’re spending £400 to withdraw that initial amount you got in bonus funds.
Even though 20x may seem like a lot, the average on bingo sites is actually 30x. Although, this amount can vary from site to site as other brands can offer considerably smaller amounts.
What Terms and Conditions Should You Look Out For?
If you manage to land a bingo site with a relatively small wagering requirement there are a few other terms and conditions you should check out before you sign up. Because, after all, these sites aren’t giving this cash away for free!
To start off with, you may receive bonus funds that can never be withdrawn or can only be spent on a selection of games on the site. Or you may find that the site you’re using will only let you withdraw your cash a certain number of times each week.
Also, you could encounter a site that asks you to deposit a certain amount of cash first before you can take money out.
Finally, the site you’re using might ask for you to have a certain amount of funds in your account first before you meet the minimum withdrawal limit. It’s worth noting that the minimum withdrawal limits on bingo sites can vary, so make sure you find one that has relatively low limits.
Which Sites Have the Lowest Wagering Requirement?
Since the wagering requirements can differ on each site, it can often take a while to find one that gives you the best value for money.
To make things considerably easier, we’ve picked out some of our favourite bingo sites with low wagering requirements that you should invest some of your cash in.
A great reward of a 300% bonus, 1,000 Star Points and seven whole days of free bingo are what you can claim on your first deposit on this site. Plus they have a miniscule wagering requirement of just 4x on your funds.
Joining up and making a first deposit at this magazine-themed bingo site will land you a 250% bonus, also their wagering requirements are just a tiny 5x so it’s relatively low cheap to get your bonus funds back.
Creating an account on this site will land you 15BBz as well as a 300%, 150%, 200% and 250% bonus for your first four deposits. Plus they will throw in 10 spins on Immortal Romance, 15 on Gold Factory and a 30x wagering requirement.
On Lucky Touch Bingo, you can claim a £10 no deposit bonus and a 500%, 350% and 300% deposit bonus for your first three deposits. Plus they have a 10X withdrawal limit on slot bonuses and 4x on bingo bonuses.
As we mentioned above, the wagering requirements that have been put in place can vary from site to site and each one could give you a better offer than the last.
So when you’re planning on joining an online gambling site, take a few minutes to make sure that the bingo site you’re playing on will let you get your cash without spending a ton of money!