Low Wagering Casino Bonuses: Pros and Cons
The online casino sector is one of the most competitive corners of the internet, and every day there are millions of online casino players logging on to play their favorite games.
This obviously means that there is a huge competition between online casino sites to attract new players, and one of the main methods that online casinos use in this competition is the casino bonus. This can take the form of a deposit bonus, awarded when a customer signs up to a new site or a loyalty bonus that is given to regular players.
One thing that most bonuses have in common is that they all come with a long list of terms and conditions, and of these, the most significant is the wagering requirement. But what is the wagering requirement, and what are casino bonuses?
Casino Bonuses
Technically, a low wagering casino bonus like https://bstcasinos.com/low-wagering-casino-bonuses/ is any promotion or deal that a casino provides to users, either when they first sign up to a site or during their normal use of the site. These are the main forms of casino bonuses that you are most likely to come across:
· Welcome Bonus: a bonus that is only open to new customers who register with a site
· Deposit Bonus: awarded when you make a deposit, usually your first deposit
· No Deposit Bonus: typically a smaller bonus paid to new signups before they make a deposit
· Loyalty Bonus: a bonus that is given to customers in return for continued use of a site
All of these bonuses will typically include a wagering requirement, along with other terms and conditions such as time limits and age restrictions.
Introducing the Wagering Requirement
The wagering requirement is an unpopular but universal casino bonus condition that limits the amount of money you can cash out from a casino bonus.
It works on the basis that you have to wager the bonus amount a set number of times before you can make a withdrawal, either of the original bonus or any winnings from it. Partially, this is to prevent people from signing up to a new site, claiming a bonus, withdrawing it and never playing any of the site’s games, which the casino operator wants to deter.
A typical wagering requirement might be referred to as x40. This indicates that the entire amount of the bonus has to be wagered forty times before a withdrawal of that amount can be made. Wagering requirements vary significantly between casinos, however, and this is how some bonuses can be known as high wagering and others as low wagering.
What is a Low Wagering Casino Bonus
Realistically, you are unlikely to come across casino bonuses that have no wagering requirements, but it is possible to find bonuses that have wagering requirements that are significantly lower than the average, perhaps x10 or lower. This type of casino bonus has its pros and cons.
Low Wagering Casino Bonus Pros
The main advantage of the low wagering casino bonus is that you will have to wager less money to have a chance of making a withdrawal. This also means you are less likely to use up your bankroll in trying to fulfill the wagering requirement, although the odds are still stacked against you.
Low Wagering Casino Bonus Cons
Typically, low wagering casino bonuses are for smaller amounts and will have stricter conditions, such as lower maximum payouts and shorter time limits, which can significantly reduce the appeal of these bonuses to casino players.
When you’re claiming a casino bonus, a lower wagering requirement is obviously an advantage, but it is important to remember that the advantage is small, that any wagering requirement significantly reduces your chance of cashing out a bonus, and that you should never sign up to a particular casino site simply because of the size of its bonuses or its wagering requirements.