What Is Wager Free Bingo?
Since 2017, a number of bingo sites now offer no wagering terms on bonuses or wager free bingo. But what exactly does this mean and why is it good news? Historically when you registered as a new player to a bingo site offering a 200% bonus (£10 deposit) you’d receive a £20 bonus. This bonus would be accompanied by a x2, x4 or even more wagering term. Basically this meant that in order to withdraw your money you’d have had to wager x2, x4 or more the bonus (and sometimes the bonus + deposit). This meant that your money was tied up in the system until you met the requirements.
With a no wagering brand things are different. Any bonuses awarded are free from restrictive terms. So if you deposit £10 and receive 30 spins on a slot game then any wins generated from the slot are paid as cash. Because they’re paid as cash they go into your real money account and can be withdrawn. Below are just some brands that offer no wagering bingo. Most are on the Dragonfish Real Money Network, but there are some others like Tombola that will be more familiar.
Is No Wagering Bingo Better?
Wager free doesn’t automatically mean better. Free bingo tickets that are awarded are usually for specific games. Those games are then flooded with other players playing free tickets. Additionally free slot play can have win caps. In other words you may have 30 spins, but the maximum you can win is £1. One other pitfall to look out for are deposit and withdrawal costs. Bgo.com are the culprits in that respect.
Many big brands are moving towards no wagering bingo. Tombola has been ahead of the curve for years, but they’ve been joined by the likes of MrQ. You’ll also find that promotions on the likes of Gala, William Hill and Mecca result in cash prizes rather than lots of bonuses. So the mood is swinging towards wager free. Ironically Bgo.com – who went fully wager free – have switched some of their slot promotions back to having wagering terms as have Buzz!