Stop Unfair Promotions in online Gambling
Could the Competition and Markets Authority’s (CMA) stance on wagering stop Unfair promotions? For winnings yes, but not for Free spins, bets, or Bonus promotions. Not yet anyway.
The CMA said “gambling firms must now stop unfair online promotions that trap players’ money”. Which, sounds like a step in the right direction.
Overzealous wagering requirements have long been an issue in the online gambling industry. However, the end is in sight as the CMA investigate whether wagering requirements on winnings breach the consumer protection law.
The response from the industry is encouraging as Ladbrokes, William Hill, and PT Entertainment pledge to make changes to bonus promotions for roulette and poker.
Changes to Stop Unfair Promotions
- Players no long have to play multiple times before withdraw their own money
- An end to “vague” T&C’s, and restrictions on gameplay (wagering requirements) are made clear
- A stop to making players take part in publicity to collect winnings
These are positive steps in the right direction, but it DOES NOT signify an overnight end to wagering requirements. Bonuses, Free bets, Free spins and Free anything will still have requirements attached. Reading the Terms and Conditions before depositing is still a must.
Putting an end to unfair practices that potentially “trap players’ money”, is a very welcomed move by players and gambling affiliates alike.
The act of trying to withdraw your winnings after a “bonus boost” has never been an easy thing. The fact that there is a massive requirement to get your cash out has long been an issue. Changing the way we play and the ease of withdrawing funds isn’t going to damage the industry. Just the opposite in fact.
BGO Entertainment have already stopped wagering requirements on their games and bonuses, and happily promote “No Max Win, No wagering requirements. You keep what you win”. A great promotion and one that the rest of the gambling world need to adopt.
Ending the practice of unfair and unreasonable wagering demands is long overdue, but this won’t be the end of changes heading our way. With the assistance of the Gambling Commission and industry leaders such as William Hill taking part to stop unfair promotions in online Gambling, change is coming.
Definition to help Stop Unfair Promotions;
This applies to all players that are “new” to a gambling platform. Existing accounts holders are not considered as a new player. As such, “New player” promotions will not be available to you.
This applies to players that are making their “1st deposit”. If you have already deposited, “1st Deposit” promotions will not be available to you.
Wagering refers to the amount you will need to bet to release your winnings from bonuses played. The £10 Bonus with a 4x wagering requirement requires you to deposit and play £40 before your winnings can be released. No Bonus funds withdrawal unless stated.
This is the age that you need to be to play at the registered sites. Proof of age will need to be provided before cashing out.
*Deposit Bonuses refer to New players only. All free games and promotions are for funded players only. Withdrawing funds requires proof of an ID.
18+ players only. *Welcome Bonuses refer to New players only. Wagering requirements apply.
Bonuses, Games and Wagering requirements may change. Please read full T&C’s before playing.