Some things in new online slots games can be controlled, such as the amount of money spent on these games and what games we choose to play. The most important part of slots is out of our hands, and this is the result of each spin.
Thankfully, slot spinners can also choose whether to opt into bonuses or play without them. Most of the generous bonuses are reserved for new players and VIP customers. These bonuses mostly consist of deposit matching cash boosts and free spins. Most bonuses require some sort of minimum deposit to be made for them to be activated and wagering requirements can also apply.
Wagering Requirements and Why They Exist
Wagering requirements are used by gambling brands when players have been given a cash bonus sum of money to play with. This is usually as part of a new player first deposit boost of 100%. If a new customer deposits £20 then the casino gives the player another £20 on top, in the form of a bonus. However, most of these bonuses have a deposit of £100, as the maximum cut-off point. To make the most of such bonus’s customers would have to deposit £100 to receive £100 bonus casino cash, giving the individual £200 to play with.
If this sounds too good to be true, then it is because wagering requirements spoil the party. Wagering requirements are applied to bonuses to make it as difficult as possible for punters to benefit from a free casino handout. However, customers cannot expect casinos to hand out free cash to every new customer, because this is poor business sense and casinos could go out of business.
Wagering requirements are set at different levels across different gambling brands. The bigger gambling outfits can afford to keep wagering requirements low or at industry-standard levels of between 20x to 40x the bonus amount. Smaller slot sites can raise the wagering to as much as 60x the bonus amount. This makes it incredibly difficult for players to meet these levels, and harder still to turn the bonus cash into withdrawable real funds.
No Wagering Bonuses
No wagering bonuses do exist, this means that whatever form the bonus takes, customers, can accept it and use it without being weighed down by wagering requirements. It is extremely rare to be given a deposit bonus boost without any wagering requirements being attached. Such bonuses are usually reserved for VIP customers.
For everyone else, the most likely time these customers are going to encounter a no wagering bonus is if free spins are part of the deal. This is becoming standard industry practice, and this means that whatever is won on the set number of free spins, is converted into real cash, and not bonus funds.
Customers can do as they please with the winnings, such as playing other games. However, if the win from the free spins is substantial, then this can be banked straight away because of the no wagering bonus policy.