Wagering requirements protects the interest of no deposit online casinos as it prevents abusers making multiple accounts to cash out their winnings without having any intentions to join as a regular player.
Just as the brick and mortar casinos offer perks of complimentary drinks and food to attract players, similarly it is quite common to witness various bonuses on offer by online casinos as well. No deposit bonus is one such bonus that provides new players with free money to try out their luck at the casino table while earning real money.
No initial success for no deposit casinos
While this may sound interesting and really attractive to many, this bonus failed immensely during the advent of online casinos. Gambling industry saw a widespread increase in the abusers of the no deposit bonus with very few regular casino players.
Players would open multiple fraud accounts in order to reap sign up bonus benefits and cash out their money soon after.
Wagering requirements – A solution to no deposit bonus frauds
Hence, introduction of wagering requirements is the ultimate solution for no deposit bonuses frauds. Online casinos could finally take a sigh of relief from huge losses due to no deposit bonuses on offer. A little amendment is thereby made in the conditions of the no deposit casino bonuses with wagering requirements, which are the rules that protects the interest of online casinos while still allowing the same benefits to genuine casino enthusiasts. Wagering requirements is also known as playthrough requirements and may vary from one casino website to another.
How these requirements work?
The most important point associated with wagering requirements is that the player must wager multiple amount of money of the initial deposit made by them, so as to cash their winnings earned through no deposit casino bonus.
However, how much multiple of the original deposit should be played by the player depends upon the casino. Players should therefore read the terms and conditions of the online casino before they avail their no deposit bonus. For instance, if the play through requirement of a casino is 15x, the player must place bets and play casino games of the value that equals 15 times of their amount of initial deposit so as to cash out their winning amount earned through no deposit casino bonus.
Is it fair?
This may not sound fair to many but for genuine players it surely is! These help online casinos to avoid players who sign in merely to enjoy themselves and earn without any intentions to become a regular casino player. Whereas, the main aim of no deposit online casino to introduce this kind of bonus is to encourage more players to play online casino games.
Further variations in wagering requirements
Furthermore, these wagering requirements are complicated as some no deposit casinos assign certain percentages to a few games that reduce or increase the target of the player towards meeting these requirements. That is to say, if the poker has a percentage of 40%, then a $100 bet would contribute only $40 to the target given in the wagering requirements.
Every bet that is made takes the player closer to the target. So, make sure you have thoroughly read the wagering requirements of the online casino you are playing with.