Wagering requirements protects the interest of no deposit online casinos as it prevents abusers making multiple accounts to cash out their winnings without having any intentions to join as a regular player.
Just as the brick and mortar casinos offer perks of complimentary drinks and food to attract players, similarly it is quite common to witness various bonuses on offer by online casinos as well. No deposit bonus is one such bonus that provides new players with free money to try out their luck at the casino table while earning real money.
While this may sound interesting and really attractive to many, this bonus failed immensely during the advent of online casinos. Gambling industry saw a widespread increase in the abusers of the no deposit bonus with very few regular casino players.
Players would open multiple fraud accounts in order to reap sign up bonus benefits and cash out their money soon after.
Hence, introduction of wagering requirements is the ultimate solution for no deposit bonuses frauds. Online casinos could finally take a sigh of relief from huge losses due to no deposit bonuses on offer. A little amendment is thereby made in the conditions of the no deposit casino bonuses with wagering requirements, which are the rules that protects the interest of online casinos while still allowing the same benefits to genuine casino enthusiasts. Wagering requirements is also known as playthrough requirements and may vary from one casino website to another.
The most important point associated with wagering requirements is that the player must wager multiple amount of money of the initial deposit made by them, so as to cash their winnings earned through no deposit casino bonus.
However, how much multiple of the original deposit should be played by the player depends upon the casino. Players should therefore read the terms and conditions of the online casino before they avail their no deposit bonus. For instance, if the play through requirement of a casino is 15x, the player must place bets and play casino games of the value that equals 15 times of their amount of initial deposit so as to cash out their winning amount earned through no deposit casino bonus.
This may not sound fair to many but for genuine players it surely is! These help online casinos to avoid players who sign in merely to enjoy themselves and earn without any intentions to become a regular casino player. Whereas, the main aim of no deposit online casino to introduce this kind of bonus is to encourage more players to play online casino games.
Furthermore, these wagering requirements are complicated as some
assign certain percentages to a few games that reduce or increase the target of the player towards meeting these requirements. That is to say, if the poker has a percentage of 40%, then a $100 bet would contribute only $40 to the target given in the wagering requirements.
Every bet that is made takes the player closer to the target. So, make sure you have thoroughly read the wagering requirements of the online casino you are playing with.
Depositing money for an online casino is very simple. Simply deposit money through your credit/debit card. Most online casinos prefer Visa.
You can also use alternatives to credit cards similar to PayPal. The most popular ones are SolidDebitCard.com, InstaDebit.com and UseMyWallet.com.
If you live outside of the United States, you can also use Neteller or a number of other companies.
All of these companies are similar to PayPal except they allow you to use your deposited money for online casino play.
There are number of options for withdrawing your winnings.
1. By check – often times there is a fee if you want your money by check. Anywhere from $15-$30. Often there is a minimum withdrawal amount (usually $50). You’ll have to wait for the check in the mail so it may take a week to a few weeks.
2. Alternative to Credit Cards – as mentioned above, SolidDebitCard, InstaDebit, UseMyWallet and Neteller all allow you to withdraw your casino winnings to that account. Then you simply deposit that money into your bank account.
I prefer SolidDebitCard as you will receive an actual card in the mail that will allow you access to that money from any ATM. It’s nothing more than a prepaid debit card. It’s safe and secure as it is not linked to a bank account.
If you withdraw your money from the casino to your SolidDebitCard there will likely be a small transfer fee (usually around 3%). The ATM you withdraw from may also charge you a fee.
3. Wire Transfer – The online casinos can also wire transfer money directly into your bank account. There may be a small fee but I’ve also seen online casinos give you a 10% bonus if you use wire transfer.