It’s hard to deny that seeing a generous welcome bonus is pretty exciting. A casino often doubles our money up to huge amounts… which means even more gaming time and chances to win right? However, we then look at the terms and conditions and see those wagering requirements and some of the shine wears off. The good news is that some bonuses found at online casinos come with no wagering requirements at all – and these are worth their weight in gold.
Let’s talk you through what exactly no-wagering casinos and bonuses are so you can understand how they work.
What is a No Wagering Casino?
A no-wagering casino is one that offers its players bonuses and promotions that come with no wagering requirements. Most online casinos add wagering requirements to their terms and conditions because it means that a player will have to spend large sums of their own money before they can withdraw any bonus money or winnings from their account. Some casinos make them so high and restrictive that it makes claiming the bonus a waste of time.
However, some newer casinos decided to start lowering them to attract new players – and some went to the effort of getting rid of them completely. In essence, all you need to do is open an account, make a deposit, claim your bonus and then withdraw your winnings.
How Does it Work?
Casinos use wagering requirements as a form of protection as they don’t want to give away money for nothing…or else it doesn’t make business sense. However, these can have a massive impact on players that keep spending and spending to fulfil them – and end up losing more money than they could ever have anticipated.
No wagering bonuses are usually a lot smaller than traditional bonuses – but these still offer much better value. It is easier to claim winnings from 10 wager-free free spins than from 100 free spins with a 45x wagering requirement.
The Different Types of No Wagering Bonuses
Here are the different types of casino bonuses you might find at no-wagering requirement casinos:
No Wager Free Spins
No-wager free spins are the most common type of no-wagering bonus you will find. Usually, these bonuses are part of the welcome bonus and are only available to be used on specific slot games.
You will need to see whether the winnings are capped or uncapped. If the winnings are capped then you can only win a limited amount from the spins. If they are uncapped, you can withdraw whatever you win. Usually, no wager free spins will be capped, so read the T&Cs first.
Cashback Bonuses
Cashback bonuses are awarded to players that may have gone through a bit of a losing streak and can be between 5% and 25% up to a certain amount. This is usually credited straight into your account with no wagering requirements attached.
Matched Bonuses
It is unlikely that you will find a no-wager matched deposit bonus… we haven’t come across them often. However, you may find low-wagering match deposit bonuses which usually sit between 10x and 20x.
Conclusion
No wagering bonuses and casinos are excellent and hugely popular because they allow players to keep what they win. These offers are perfect for attracting new players because the idea that you can get free spins – and withdraw whatever you win is very hard to resist. However, because these are such good deals for players, they are pretty few and far between. So, if you do happen to come across one, we would suggest you embrace it with open arms.
However, do make sure you read the terms and conditions before you do so you don’t end up disappointed with that low win cap etc. Nothing in life is perfect, not even these -as they can be pretty low in value and they are usually for slot players… so if you’re more of a roulette fan, it might not fit your requirements. But, all in all, they are fun, easy to understand and excellent value.
