In a recent research, Tudor Turiceanu, CEO of Casino Alpha, states that among new players claiming bonuses, almost 70% choose promotions with low wagering requirements.
Approximately 10% more people select the risk-free, deposit-free spins offer, which has no conditions for wagering to increase earnings. Other low-wagering bonuses, including cashback offers, refer-a-friend bonuses, and loyalty point benefits, are used by the remaining 20% of players.
He has over 15 years of experience in the field of gambling. Moreover, his analytical thinking and projects on different markets such as the UK, Ireland and New Zealand led him to bring vital information about the inside of the gambling industry.
CasinoAlpha’s CEO discourse explained multiple aspects of the reality of the online gambling industry. Still, to further understand the statement, we first have to comprehend the promotional aspect of the casino sector.
What are the low wagering bonuses?
You can benefit from a welcome bonus as a new player on any reliable casino site. Casinos offer you a small reward for only opening an account or depositing a small amount.
Some statistics found that casinos invest between 20%-60% of their annual income in welcome and deposit deals for their customers. They created different casino offers such as free spins, no deposit, low turnover, small deposit or cashback to ensure every type of player can be rewarded.
Types of bonuses in online casinos
Free spins are the easiest to comprehend; you open an account and get a limited number of complimentary spins on a given slot game. You can get free spins without depositing money or depositing $1, $5 or $10.
Small deposit bonuses of a maximum of $10 grant you rotations and a match deposit of the sum you add or a bigger amount of funds, depending on the casino.
Tudor Turiceanu explained that low wagering offers are an attribute of other types of deals. Wagering is the act of rerolling your stake, winnings or bonus funds.
He further added that “Unlike standard bonuses, which may require 40 or even 50 times turnover, low rolling deals only ask you to wager the promotion amount 10-20 times generally. This makes it much easier actually to withdraw any winnings you accumulate.“
Tudor Turiceanu’s analysis
The casino expert gave us a case of how rerolling impacts your casino experience. In his example, the player deposited $5 and got 100 spins on the most popular non-progressive slot, Book of Dead.
The terms of this bonus say that you must meet the 45 times turnover requirements before withdrawing.
In case you win $10, you have to keep on playing and win in-game money with the value of $450 (45×10). All this only to meet the terms.
In this scenario, a low wagering of 10 times would allow you, as a customer, to end the gaming session faster and cash out sooner.
