When looking for a new bingo site to play on, most people look at factors such as promotions, bonuses and welcome offers, as well as the kind of games available onsite. Whilst obviously these are all important factors, another thing which budding bingoers ought to watch out for is wagering requirements. A low wagering requirements bingo site can decide how much of a profit you are likely to make on the site, and how quickly, so it is something you want to keep an eye on.
What are wagering requirements?
A wagering requirement is a technique which bingo sites use to ensure that players don’t take advantage of bonuses on the site simply by relying on earning big wins using bonus cash. Usually, when you receive a bonus from a site, the site will then require you to wager a certain amount of cash on the site before allowing you to withdraw any winnings from it. For example, if you sign up to a site, deposit £10 and receive a 300% bonus of £30, then you have to wager a certain amount of real cash on the site before you are able to withdraw any of the winnings which you may have incurred from this initial deposit or bonus. A low wagering bingo site is usually a site which does not require you to wager very much in order to be able to withdraw from the site. This means that it is much easier for you to access your winnings.
Are there typical terms and conditions to be aware of?
Whenever you see any kind of bonus or promotion on a bingo site, it is usually a good idea to check the terms and conditions to make sure that you are always aware of what the deal is. With reference to wagering requirements, the first thing and most obvious thing you want to check is how much of a wager is required in order to make a withdrawal. This will usually be either a multiple of the bonus funds you have received, or a multiple of the bonus funds along with the deposit you have already made.
An example of this is if you sign up to bingo website and deposit £10 on the site. If this site has a 300% first deposit bonus. That will give you £40 to play across the site. If the site has a wagering requirement of 4X your deposit and bonus, then you will have to spend £160 in real cash before you can withdraw any of your winnings.
What sites have the lowest wagering requirements?
Luckily, there are lots of low wagering bingo sites which allow you to access your winnings with a relatively low wagering requirement.
this star studded site offers separate welcome bonuses depending on whether you’re playing IG games or bingo games. If you’re playing bingo, then you are required to wager 4x the number of bingo bonus funds you have in order to withdraw. Bingo Hollywood has a 400% bonus on your first deposit, so you manage to get a good amount of bonus without being punished too harshly by a hefty wagering requirement. If you’re playing IG games, you are required to wager 40x the amount of IG bonus funds.
This fun site also offers different wagering requirements depending on whether you’re playing bingo or IG games. The bingo funds are particularly impressive, sitting at just 2x the amount of bingo bonus funds. Meanwhile, the level of IG bonus is X50 your level of IG bonus funds.
As you can see, there are plenty of options for low wager bingo. Feel free to check out any of the sites above to take advantage of their excellent value wagering requirements.