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| Why No Wagering Casinos Are For
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The term “wagering” is a
bit old fashioned and if your first language is not English you probably are
not wiser after looking it up online. You have to wonder why they don't just
say betting or gambling. The reason is to keep away from those terms which
might trigger attention from regulatory bodies and at the same time avoiding
saying you are getting something for nothing. So basically “no wagering casinos” means a
place where they are offering you a bonus or bonuses without asking you to
place any qualifying bets to get it.
The Beginning of Online Casinos
Back in the early
days of online casinos many operators tempted players by “free”
bonuses just for signing up and even extra bonuses for re-loading. Sure they
new that people could take advantage of this but it was a brave new world with
few regulations and it was expanding very quickly. As competition grew and
expansion inevitably slowed there arrived many a website telling players how
and where to sign-up and manipulate the system to get a few extra pounds or
dollars. Even though many thousands of people did this it really did not hurt
the operators, but they got greedy and terminated these genuine offers. That
was the era of “free” money.
The End Of Free Money
At the end of that era a
new one was born, which still continues today, where online casinos have very
serious terms and conditions attached to their bonus offers. These conditions
are often so ridiculous, and in many cases not understandable, that these
offers were and are very costly to the players. In fact you are offered money
just for signing up but then if you follow the rules to get your extra
£10 or $10 it will cost you much more than that to to so. Conditions like
those offered even by operators who occupy mainstream TV channels of a night
time that say you have to gamble your bonus 99 times to get it. It doesn't take
a genius to see these are not bonuses at all, but merely traps to encourage the
unwary into spending more money than they can afford.
Beginning of No Wagering
Casinos
With the online casino market super-saturated and the
ability for any new operator to get a good customer base very slim, it had
become apparent that they had to compete with offers to attract player's
attention and their money, especially if they are looking to sign-up for a new
account. This is where enterprising online casino operators have brought back
some of the free money bonuses that existed many years ago. So it will pay you
real money to seek out those offering “no wagering” on their sign-up
offers and there are even review sites that specialise in this.
Read the small print carefully
Its
not going to surprise you to learn that some operators are willing to bend the
rules and advertise no wagering bonuses or "no risk" money when in actual fact
there are details in the small print that make it impossible to get the free
money. These types of businesses are very likely not to be registered as a
license holder with the
United
Kingdom Gambling Commission so you probably don't want to be playing with
them in the first place. If they do have a UKGC license then you can simply
report those false advertising terms to the UKGC and trouble for them will
follow.
Don't Get
Greedy
With the genuine online casinos offering real no-wagering
bonuses they still have fair play rules. If you engage in tricks just to get
your bonus then it will not get paid to you and you could infact forfeit any
real money you may have deposited with them. Once again read the fine print
because it will state this along with playing no risk bets or low margin
betting like betting both Red and Black on the roulette wheel at the same time. Also people
have tried teaming up and so one plays Red and the other Black, but they, the
operators, are looking for this (and might not see it). Even more devious is to
find another casino using the same software and actually play at two casinos at
once but on the same roulette table. Really? Its not worth it and they can do
what it says in their conditions when you sign-up to them, and take your
deposit away.
Future Growth of No
Wagering Casinos
The good news for players is that the regulatory
authorities are getting tougher on gambling operators, especially any that want
to take money from UK citizens. And the big boys all want to get a
UKGC license because otherwise they can not get their
sponsorship money to reward them with in-your-face adverts associated with
sports sponsorship. The advertising of bonuses that come with extensive betting
requirements will soon fall foul of the Advertising Standards Authority who can
highlight breeches of their rules to the UKGC. The
Competitions and Markets Authority is conducting continuous
investigations on the fairness of so-called “free bets” and has
forced three leading firms to change their policy. Slowly the outrageous traps
of so-called “free money bonuses” will disappear from the UK market,
but not those eslewhere probably for ever. |
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