Special Report: No Wagering Requirements the New TrendPublished October 17, 2016 by Mike P
Online Casino Reports' latest special report shines a light on the new trend of some casinos removing wagering requirements on bonus offers.
Among seasoned online casino players, it is generally understood that bonus offers are not get rich quick schemes. Fundamentally, they are intended to give players more gaming time and the opportunity to try new things. There are instances when bonus funds can be converted into cashable winnings, but this will depend on the strategic play and good fortune of players.
Wagering requirements represent the biggest hurdle preventing players from profiting from bonus offers. By design, these requirements determine the overall wagering value that players have to hit before their bonus credit will be treated as cash. For example, €10 in credit with 40x requirements would equate to €400 worth of wagering.
For new players, the idea of hitting such targets can be daunting, but the fact of the matter is that a restrained and disciplined wagering strategy can make it possible to clear wagering requirements. However, it can be tough to stick to low-cost wagering when players want to rush ahead to the finish line. For these individuals, they are welcoming the emergence of casinos offering smaller bonuses with no wagering requirements.
No Deposit Offers
When signing up with a new casino, players can encounter no deposit and deposit bonuses with the very same site. At some sites, they will apply wagering requirements to both offers, but the no deposit option will feature much higher requirements – for example: 100x vs. 40x. The rationale for this approach is that the players contributed none of their own funds to attain the deposit funds.
However, there is a sign of change in the marketplace, with some casino sites shifting their approach. Rather than give away a larger value of funds, they are actually giving away less and removing the wagering requirements. To balance things out and still be generous, the casinos that remove requirements in these instances will place a maximum cap on how much winnings players can withdraw from the funds.
Spins for Video slots
Video slots are in the midst of a major growth period, with numerous software developers now creating games alongside veteran outfits like NetEnt, Microgaming, Playtech, and IGT. Given the vast array of slot games now on the market, casinos have responded by creating more offers with a slot-based focused. These often take the form of free spin initiatives.
When awarding complimentary spins to players, some casinos are willing to do so with no deposit required. By nature, they do not have the same freedom as bonus credit, with players given a set number of spins at a pre-assigned value (for instance: €0.25 each). There is complexity with this approach and often the spins are used to promote new video slot releases.
When spin-based offers are devoid of wagering requirements, they can be similar to their no deposit counterparts, with a level of maximum winnings in place. One example of this type of deal in action is over at EUcasino, where there are no wagering requirements on any offer with free spins. In future, look out for “No WR” as one of the most common ways to recognise these deals.
Why Casinos Are Removing Wagering Requirements
The world is now a much more connected online marketplace, with casino sites able to easily target multiple international markets with just a single gaming licence. Basically, this rise in competition has forced smaller and mid-level brands to create better deals in trying to win players’ attention. Generally, offers with no wagering requirements do have their limitations, but their simplicity and clarity has found a target audience among many players.