What does no wagering requirement mean?

To understand wagering, first we have to know what a wager is. A wager in online casino games represents the money or bet a player spends on any casino game. With online casino bonus, a wager usually has a wagering requirement attached. Wagering requirement in online casino therefore refers to a multiplier that shows the number of times a single player in any casino game has to play the bonus amount before he/she can be allowed to withdraw the winning amount. When playing any online casino game, it is important to know the conditions that the bonuses carry along. Casino bonuses always have several conditions which have to be observed before you can claim them. The conditions are usually the minimum withdrawal limit and wagering requirements. This is where it becomes extremely complex for beginners in the game to comprehend especially on the wagering requirement part. Beginners therefore opt for online casino with no wagering requirements.

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So what does wagering requirement work?

It is important for players to know how wagering requirement work especially the newbies as it comes along with terms and conditions that have to be adhered to. When a new player opens a new online casino account, most online casinos offer bonus cash after making a deposit. When you make use of the bonuses and make deposits more than not, online casino will request you fulfil a wagering requirement for you to make cash withdrawal. This condition is mandatory if at all you want to convert the cash into real money to be withdrawn.

Wagering requirement differ with some online casino games giving out smaller percentage towards compared to others. Blackjack and roulette games for example, contribute much less wagering requirements as compared to slot games. Some of the online casino games have no wagering requirement bonus. It is required by law for any online casino operator who offer cash bonus that include free spins to include in the terms and conditions, all the wagering requirements and additional information that might limit a player from withdrawing real money. A player on his part should read carefully and understand all the terms and conditions that accompany the wagering requirement.

So what does no wagering mean?

Wagering requirements can sometimes be a hard nut to crack as it makes everything hard to withdraw real money. This has prompted most players to look for best casino sites with no wagering requirements. So, what does no wagering requirement mean? Free bonuses with wagering requirement prompt you to wager specified winnings for a period of time for you to reclaim withdrawal of real cash from your casino account. On the other hand, no wagering bonus means a player keeps all the winnings and is free to withdrawal real money without conditions. Online casinos offering no wagering are very rare but they do exist. Any online casino game that has no wagering indicates that the clients are being treated fairly. Besides, it should host favorite games and support the best deposit and withdrawal modes.
Casinos that offer no wagering bonuses don’t have wagering requirements in the terms and conditions provided. These types of casino games are becoming popular and are important to players because they go away with their winnings straight way without conditions.

Why do casinos use wagering requirements?

Most casinos with wagering requirements do this so that they can comply with the regulations put in place pertaining the anti-money laundering. This isn’t because they want to get money from players but because of the legal requirement. An online casino game that has no wagering requirement is a clear indication that there are loopholes for scammers to illegally deposit and withdraw cash without being stopped.

It is also the best way of protecting themselves financially when they offer sign up bonuses to their customers. If, for example, an online casino site offer attractive bonuses to several new players who have opened up accounts without wagering requirements, it would be on the losing side as they will have no catch on them. The regulation was put in place once the first online casino site gave its customers with bonuses and account opening offers and they were misused by players. These loopholes which were being exploited were then locked up and hence the birth of wagering requirements.

Why are no wagering casinos important?

When we were defining the meaning on wagering requirements earlier on in this review, we discussed reasons why they are in place. Wagering requirements are usually attached to most casino bonus so that online gambling sites protect themselves financially. This however has an impact to gamers who have to keep on placing wagers to reclaim your winnings and might end up losing everything. This is when no wagering casinos are so important.

A smaller bonus in the online casino is better than a lucrative bonus that is accompanied with wagering requirements and most online casino operators have realised and initiated the idea. Such casinos are very rare to get and it is recommended that even if you are looking for no wagering casinos, use a reputable casino site to place your bet. It should be legally operating and is under regulations with required security as well as fair play.

Beginners should note that casinos that have no wagering requirements provide players with smaller bonuses. They however are better because you can make real money winnings and withdraw without requirements. Most of them offer several free spins to welcome beginners. The free spins are usually specified for slot games or any favorite game of your choice.

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Final verdict

Online casinos with wagering requirements are good as they offer lucrative sign up bonuses but players are discouraged with the conditions that accompany them. On the other hand, no wagering casinos offer lesser bonuses without withdrawal requirements but players might end up abusing the offers. Bonuses are given by online casinos as a way of attracting players to keep on playing on their sites. These bonuses however make players to imagine that everything is for free and this is why there is the wagering requirement to regulate betting finances.

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