Bingo Bonus Wagering Requirements
Throughout our review and news sections you will come across the term "wagering requirement" - this is actually a very important part of online bingo and is something players who actively seek bonus money or free money need to be very aware of. The wagering requirement is simply the amount of money you need to spend before a bingo or gaming site will allow you to withdraw any winnings.
Withdrawing winnings is often one of the biggest headaches for bingo players. Quite often they're required to jump through hoops including sending in proof of identity. This is standard practice. However the wagering requirement hurdle is one element that a lot of players get confused about. The reason for this is that it varies from site to site.
Bingo Bonus & Games Bonus
When a bingo site offers you a bonus - whether from no deposit, free spins, newbie room wins, first deposit or reloads - it will usually have some terms attached to it. The bingo site will require you to spend a fixed amount before you can withdraw. On average a bingo bonus comes with a x4 wagering requirement. What this means is that if you receive £10 in bonus money then you'll be expected to play £40 before being able to take money out your account.
Wagering terms are especially important when it comes to side games. Most sites on the Virtue Fusion Network will offer a bingo and a games bonus. The bingo bonus typically comes with a x2/x4 requirement. However, the games element is usually higher at x10 upwards.
This means a £20 bonus for slots/instants will require you spending £200 before being able to go on and withdraw. Some casinos will have higher requirements as well as limitations on which games contribute to paying back the wagering requirement. It's perhaps no wonder things get confusing.
It's Not All Bad News
Some sites realise that wagering terms are confusing and have sensible conditions. Tombola as far as we're aware have no wagering terms on bonus money. However they do have restrictions on withdrawing money in so much that your cash account must be at the same level as your bonus account. If you withdraw more then you'll lose the bonus.
In 2017 bonuses became taxable and this led to many no deposit bonuses being dropped and more no wagering bingo sites launched. This means that any wins achieved via free spins or free bingo tickets will be paid as cash. This cash can be withdrawn provided withdrawal terms have been met.
Many sites have also made their bonus strategy a lot clearer so players can see how much is in their cash wallet, bonus wallet and any necessary wagering required. Furthermore there are now better terms with respect to withdrawals.
Bonuses Hints & Tips
As with all things though there are further terms and restrictions. For example some sites may limit you to the amounts you can withdraw, when you can withdraw and how frequent you can withdraw winnings. Bonus money doesn't have to be used though and our advice is always make sure you're aware.
If you're not a slots player then pass over the £20 games offer from Virtue Fusion sites. Likewise be wary of big welcome offers as these can bog you down. Some sites now offer a 500% bonus, but that equates to £200 of requirements on a £10 deposit (£10 deposit, £50 bonus, £200 at x4 requirement).
The main thing to remember is that bingo and gaming sites don't give away bonuses for the good of their health. They do so in order to make you feel rewarded and keep you interested in playing. The wagering terms are not unusual, but players should consider them when making decisions where to play. A site that makes it easy for you to access winnings will perhaps be a better option than one that is loading you up with freebies which ultimately makes taking out winnings incredibly hard.