If no wagering requirements were in place, what is to prevent you from cashing out your bonuses and their related winnings immediately after you redeem them? This would render it possible for you to skip from one casino to the next, cashing in on the operators’ generosity.
So, wagering requirements enable gambling operators to financially protect themselves against bonus abuse, which was a prevalent practice after the first online casinos hit the internet. Back then, many smart players understood that these offers presented them with an opportunity to turn a nice profit without risking anything. They would register at a casino with multiple accounts, opt in for the welcome bonuses, and cash them out as soon as they could.
They soon realized they needed to tackle the loopholes that allowed players to exploit promotional offers while still being able to incentivize new customers with appetizing bonuses.
Naturally, these precautions work to the detriment of such players as they make it all the more difficult to release the cash from their accounts
So they came up with the idea to attach wagering to their offers to act as a safety cushion against bankruptcy and bonus hunting. Additionally, players were prohibited from opening multiple accounts at one and the same casino, with each new customer being permitted to opt in for the same welcome offer a single time only.
There are several reasons why bonus wagering is detrimental to players, starting with the time restrictions imposed on the bonuses. Customers usually are given a specific timeframe in which they need to clear their wagering. If they fail, their bonuses casino $10 min deposit will expire and the free funds will be automatically forfeited from their balance. …