Wagering Requirements Explained
When you claim bonus funds from a bingo site like ours, you will find a concept known as wagering requirements. These terms are in place for a variety of reasons and this is your guide to truly understanding online bingo wagering requirements.
What Does "Wagering Requirements" Mean?
Let's start with the simple stuff and define what these actually are. Wagering requirements are the amount of times you have to wager a bonus before you can withdraw it. This applies to pretty much every bonus on the internet, as sites don't want you to be able to withdraw your free funds right away without wagering.
Wagering requirements are usually shown as a number and a times symbol. This very quickly tells you how many times you have to wager. Apply this to your bonus funds to work out the monetary value of what you would need to wager. The more bonus funds you have, the more you'll need to wager.
Remember that if you don't meet wagering requirements before you withdraw your real cash then you may lose your bonus funds entirely. This is known as forfeiting, you should bear this in mind if you intend to withdraw.
What are the Wagering Requirements on Big Tease?
Here at Big Tease Bingo, we're a bingo site with low wagering requirements and just specify that you have to play through your funds 4X. This is just for bingo bonuses however, as your wagering requirements on instant games will be higher. This is because they generally have higher jackpots and return to player percentages, so you're more likely to be able to fulfil them.
When you claim free spins, wagering requirements should be applied to the funds that you win from the game. Wagering requirements on casino games also contribute different amounts too, so bear this in mind. For example, wagers on slots will contribute 100% to wagering requirements but roulette games won't contribute at all.
You can read all about these on individual promotions pages on our site, in our terms or by asking one of our help team. We want you to understand these fully, so don't hesitate to contact us if you have any questions for us. If these do change in the future, then you'll be kept in the loop so that you know what to expect in the future too.
Why Do Bingo Sites Have Wagering Requirements?
You may not enjoy the fact that wagering requirements exist, but they are very important for us to have in place. This is because we would not be able to give you the same great bonuses that you're accustomed to without them. If players were able to withdraw their bonus funds right away then we wouldn't be able to offer them, as we'd lose out.
We're also bound by law to have wagering requirements and withdrawal limits in place. This is part of the UK's effort to combat money laundering, as people could withdraw and deposit money to make it appear legitimate. This is illegal and we have a due diligence to prevent it wherever possible.
All in all, the need for wagering requirements is just common sense and benefits our players too. Most sites have them for good reason and the few that don't usually have
other terms to make up for it.
Good sites will always make you aware of these terms and not try to hide them from you. It's important for players to understand these, as you can be disappointed if you can't withdraw. Play with us and you can rest assured we will give you all of the information you need to make the right decisions.