Online gaming is becoming an integral part of the casino market in Bangladesh. Betting sites have some wagering requirements that are to be met by their customers. In this article, we will discuss the same in detail.
Many well-known online casinos accept deposits and withdrawals in Bangladesh’s currency. This currency is frequently used to manage the player’s account. This solution has many advantages, such as not losing money on currency conversions for deposits. Also, it is not affected by the fluctuations of the exchange rate.
Here are the Top BDT Casinos:
- BetVisa Casino is one of the top-rated online casino sites in Bangladesh. The site has the license from the Curacao Gaming Authority. BetVisa offers a wide range of games, including slots, table games, and live casino games. The welcome bonus at BetVisa is 100% on sport games along 8,888 free cash on spin. The site also offers weekly promotions and first deposit bonus up to 600%.
- Betwinner Casino is currently offering new customers a 100% bonus of up to 145600 on their first four deposits. In addition, you will receive 150 free spins as a bonus. This is not the only offer available at Betwinner, which provides a variety of bonus offers to their loyal customers.
- 1xSlots Casino is also a good option for users who want to use the native currency at an online casino. There’s a great gaming selection here, including slots, tournaments, card and table games from reputable providers, as well as a live HD zone.
- Linebet Casino is available worldwide and is popular among people from Bangladesh, as they accept BDT as a currency. However, as we have seen in the previous two examples, it is not enough for an online casino to accept Bangladesh’s currency; a good casino must provide much more.
What are wagering requirements?
Online gaming sites never fail to excite their customers with new offers. But they don’t allow you to use those bonuses for making withdrawals. So, to keep the existing customers they have a few terms and conditions which are known as the wagering requirements. Some of the betting sites ask the players to place bets a minimum number of times before they can withdraw their winnings. This prevents people from simply earning free money by depositing it into an account, instead having to risk losing it first.
Betting companies do not want to give you free money; instead, their promotions are intended to give you promotional funds. So you can check it out and see if you like it. Some people do win with these offers, but the idea behind wagering requirements is to reduce the amount of money the betting site loses while still allowing customers to test them out with promotional cash.
If these sites will not have certain requirements, then the players will be able to withdraw money without investing. This will result in huge losses for the betting sites.
The wagering requirements are designed to basically ‘convert’ bonus money into real money. If you do not meet the minimum wage requirements, you will be unable to withdraw the funds into your own bank account. Instead, it will be kept as bonus money for a set period of time, usually a year. Once you’ve met the wagering requirements, it’s yours to spend the way you want.
Now, we will see why these sites have these requirements.
Why do they have these requirements?
Betting websites accept that the offers they make to attract customers will often result in losses. But not everyone will win their first free bet and they will eventually have to play again. This will have a positive result for the gaming platforms. These sites are fine with short-term losses as long as they are having long-term gains out of it.
Just because they will lose money, it does not mean they cannot turn the odds in their favour. One method is to ask bettors to place bets with their money a certain number of times before they can withdraw any winnings. Sometimes you’ll have to bet both the deposit and the bonus, while other times you’ll only have to wager the free tokens.
Whatever you’re being asked to do increases the possibility of you losing your bets, lowering the chances of the company losing money. From a business point, it makes perfect sense. Even if it is inconvenient for you as a player to meet excessive requirements before you can collect your winnings. Betting companies have to find a way to make their losses more bearable.
Now you have an idea of how these requirements work. So just keep it simple and use your bonus so that you can withdraw your earnings. To fulfil these requirements can be a task but if you need your winnings in your account then you must meet the same. It will help both, you and the gaming site you are using.