With the ongoing boom of the online gambling industry, players across the world are heading to the web to get in on the fun.
As more sites go into operation, bingo bonuses are becoming an increasingly important way for bingo sites to attract new players. As a result, authorities such as the United Kingdom Gambling Commission have turned up the heat on the industry, bringing bonuses under increasing scrutiny.
This has created an interesting situation around bingo bonuses across the industry. Whilst they are an exciting part of bingo site sites that can attract new players, the reality is that bonuses are now subject to stringent restrictions from the UKGC.
In this article, we will take a look at how to understand bingo bonuses with Bingosites.com, a site that can help players gain a deeper understanding of the industry.
In recent times the UKGC has upped the ante in its crackdown on sites flouting the rules. This year, the UKGC informed online bingo sites that bonuses must undergo a dramatic transformation in terms of transparency. This is something that arrived after many players across the world expressed issues around wagering requirements that many bonus offers include.
As a result of this, the UKGC has told bingo sites under its rule that they must now offer much clearer information to prospective players. If this does not happen, these bingo sites might be subject to big fines and regulations.
In terms of how to understand bingo bonuses, players must grasp exactly what is included in the terms and conditions section of the fine print before they sign up to a casino site.
Frequently, this section can provide information regarding wagering requirements, max deposits and more. For players, it is essential to understand this section because it contains all information pertinent to taking full advantage of your bonus. Frequently, bingo sites can be somewhat obscure about providing details on bonus offers, meaning players should thoroughly read all terms and conditions before sign up!
The most simple method to ensuring that your chosen bingo site is safe is to use a quality comparison portal to get thorough info around any site you want to play at. This means that players will be able to enjoy a safe game. Even more so, understanding a bingo site license before signing up means that you will be well-equipped to spot those sites without a license in the future.
A simpler way to ensure you get a safe bingo site bonus is to simply go with a well-established site. By choosing a globally-recognised name, you will be much more likely to get a fair deal on a bingo bonus because these bingo sites are often much safer all-round.
Basically, wagering requirements are a feature that stipulates players must play through a pre-agreed amount of games before they can get to their winnings.
Still don’t quite get it? No problem, let’s look at an example. A bonus of £200 with a 10x wagering requirement means you must bet £2,000 prior to being allowed access to your winnings. Until that time, your winnings will be kept in a pending section until you meet the conditions of the requirement.