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In bingo, a wagering requirement is the amount of money you need to deposit to unlock your winnings – usually earned through a welcome offer.
Before you take advantage of an offer or bonus, make sure you check out the wagering requirement first. You’ll often find an expiry date in the terms and conditions, too. If you must deposit a large amount of money to claim your prize pot, it might be worth looking at alternatives like bingo sites with no wagering requirements.
For more in-depth information about wagering requirements, check out our ultimate guide.
Wagering requirements are a frustration for many players who don’t want to spend a large amount of money to claim their winnings. No wagering bingo sites offset this by giving players the chance to cash out if they win – and don’t have to wager lots of money multiple times. However, the winnings may be granted as bonuses, so it can take longer to withdraw cash than at other types of bingo sites.
No wagering sites come in various forms, with some offering different promos to others. Take note of no wagering offers such as:
A playthrough is another name for a wagering requirement, which is how much of a deposit you must deposit to withdraw any winnings Some online bingo sites have a playthrough requirement of 4x or 10x.
This is, in part, to fund the bingo sites – however, playthrough requirements are also an anti-money laundering measure.
A bonus balance is generally given to new bingo players when they register. It provides players with free extra cash to use on future games.
You can’t withdraw your bonus balance – but you can withdraw any money that you’ve won through your bonus balance. Exactly how you do this depends on the terms of your bingo bonus. If the game you’re playing has a:
Check the terms and conditions of your bingo site for the small print. Often you’ll find you’ll lose your remaining bonus if you withdraw your cash, so it’s worth double-checking before you hit ‘withdraw’ to make sure you don’t lose anything by accident.
When it comes to wagering requirements, there are some key differences between the main online bingo software providers.
This is for slots rather than bingo bonuses. This is just another reason why all players should read up on the differences between bingo software providers.