What Are No Wagering Casino Bonuses?
A no-wagering bonus is a casino promotions with zero wagering requirements attached, allowing you to withdraw the winnings directly from the account without spending additional cash. Commonly, the majority of casino bonuses are tied to some sort of turnover conditions; except for wager free bonuses. These babies are an exception to the rule, but that certainly doesn't mean that there will be no conditions whatsoever.
In most cases, no wagering bonuses come with lower bonus amounts or are in the form of Free Spins.
A wager free casino bonus is also particularly suitable as a welcome gift for new players. This bonus type is usually credited automatically upon registration or the player's first deposit. The advantage of no wagering casino offers is that the bonus amount does not have to be wagered before you can request a withdrawal. In other words, it is not subject to limitations and offers more flexibility and freedom for the player than, say a match deposit bonus.
No Wagering Bonus Terms and Conditions
Now let's get down to legal business! You may think you don't need to read the Terms and Conditions if the bonus has zero playthrough requirements. Wrong! It is never a good decision not to read the T&Cs.
Although the terms and conditions are not the most exciting read, they are essential to understand what the bonus entails, like reading the ingredients label when buying food. Beware: casino operators know that players would rather not pore over the terms and conditions, so they try to include as much information as possible on the promotions page.
For instance, Free Spins copped from a no wagering free spins bonus may be valid for only 24 hours, while you believe there is no time limit. Other times the casino may ask you for a small deposit, and you get a not-so-nice surprise at the cashier.
To avoid these situations, learn the most important aspects of bonus terms and conditions before activating a no wager bonus.
It's like buying a carton of milk and not checking the best-before date. The same goes for bonuses: the validity period is not the same for all bonuses at one casino, and it may be even shorter when no wagering bonuses are concerned. You will most often be given 24 hours, a week, or a month to use your bonus. Once the validity period expires, your bonus will be void.
Keep this one in mind, boys and girls: although the casino will not ask you to wager the money you win with a bonus with no wagering recs and let you walk away with the money won, the question is: How much will a casino let you win?
Let's say you hit the jackpot and win half a million dollars. Unfortunately, if you won it using the bonus, you won't be allowed to withdraw it as the amount has exceeded the limit, also known as the max cap. Make sure to read the T&Cs because the withdrawal limit information will be there.
Okay, so you get your hands on a bonus and need to figure out which games you can play. The T&Cs can help. Naturally, if you cop a Free Spins bonus, you will be limited to playing slots. However, if you activate an up to 10% monthly cashback bonus, online slots may not be included in the offer at all.
Casinos create special no wager offers for live casino and sportsbooks, too, so reading the terms and conditions can save you a lot of time, money, and nerves.
Why Online Casinos Give Out Zero Wager Bonuses?
This question takes us back to the biggest downside of casino promotions - wagering requirements. Playthrough requirements are a kind of a necessary evil for online casinos: on the one hand, casinos are aware players don't enjoy them, but they cannot void them because they must earn a profit on the other. Offering a no wagering bonus is a way to give in to players' demands for zero wagering requirements, but only in certain situations.
With no wager bonuses, casino sites are bridging that gap, allowing players to have fun without asking them for money, if only for a limited time and a low limit on winnings.
Low Wagering Bonus as an Alternative to No Wagering Bonus
Speaking of bridging gaps, online casinos have come up with a way to entice players to join their websites with offers known as low wagering bonus.
With these bonuses, casinos let players wager their deposit or bonus funds (or deposit + bonus) but still earn a profit. Imposing low wagering requirements is a win-win situation for all: you get more flexibility and a higher max cap for minimal wagering requirements, while the casino earns from wagering the bonus.
Different Types of No Wagering Casino Bonuses
Some online casinos go out of their way to offer diverse bonus offers, depending on their customers' cash balance or game preference. When it comes to casino bonuses with no wagering requirements, they may appear in different forms, including:
- Registration/Sign-up bonus
- Welcome bonus
- Free Spins
- Reload bonus
- Cashback bonus
In the following paragraphs, we will explore these bonuses in further detail.
When a new player signs up at a casino site, the registration bonus with no wagering requirements may be activated and credited directly to their account without asking them to deposit their money. Essentially, you can enjoy your favourite games once you've logged on and claimed the offer. This is why no wagering bonuses are a favourite among players.
Unlike a wager bonus, a bonus with no wagering conditions allows you to play immediately without worrying about deposits, focusing only on potential withdrawals.
A similar type of bonus would be a welcome bonus with no wagering requirements. A no wagering welcome bonus may be standalone or part of a larger welcome package. For instance, the casino may offer you 50 no wager Free Spins on your first deposit and a match deposit bonus on your second deposit, with or without playthrough requirements.
Free Spins with no wagering requirements are also increasingly popular in online gambling. These bonuses are usually tied to specific, in-demand online slot titles. Players are partial to this type of bonus because the winnings can be paid out directly. No wager Free Spins are an excellent way to try out a new game without risking your money.
No wagering bonuses come in the shape of a reload bonus, too. No wagering reload bonus refers to a recurring casino promotion, active on a particular day of the week or month, and is a way for casinos to appeal to returning casino players. Although these reload bonuses entail no wagering requirements, the casino usually asks you to put in your money first.
The cashback bonus with no wagering requirements allows players to retrieve a percentage of their losses incurred while playing. With a no wagering cashback bonus, players may withdraw or continue playing until they spe d the recuperated money. Usually, cashback bonuses with no wagering requirements are available weekly or included in the casino's monthly offer.
How to Claim a No Wagering Bonus
Claiming a no wagering bonus involves several steps. Here is how the process works:
- Find a bonus - after having reviewed and compared bonus off rs at an online casino or in our bonus and casino reviews, decide on the no wager bonus that suits you best;
- Make a deposit - often, you must deposit real money to acquire a no wager bonus. Although this is only sometimes the case, most times you will be asked to make a minimum deposit. What is convenient is the fact that, with a no-wagering bonus, the amount you deposit is immediately considered real money. However, a no-deposit casino bonus is relatively rare.
- Acquire the bonus - the bonus will be credited to the player's account immediately. Sometimes a player must also enter a bonus code to use the bonus. What is essential is that the winnings can be paid out directly from the account.
Benefits of No Wagering Required Bonuses
Naturally, just as with everything else, no wagering casino bonuses have particular advantages and disadvantages.
There are plenty of benefits to playing at a no wagering bonus. For example, these promotions are particularly suitable for new players as they are a great way to try out a new casino and/or game. Additionally, classic bonuses are usually subject to a time limit; bonuses without wagering requirements are not.
While no wagering requirements bonus is attractive, players should also consider the downsides of no-wagering bonuses. The most disappointing detail about no wager casinos is that there are few of them. Furthermore, no wagering casinos often offer these bonuses only for certain games. Lastly, they are usually in the lower range than standard bonuses and limited to small winnings (low max cap).
How to Find a Good No Wagering Requirements Casino
Correct and precise information is crucial when looking for a reputable casino without wagering requirements. Before signing up at a casino and claiming your bonus, ensure you've researched, considered numerous aspects of the casino, and scrutinized various factors. Here are some factors you should consider:
- Is the bonus you wish to claim genuinely without wagering requirements?
- Does the bonus offer include Free Spins or bonus money?
- Do you get the bonus immediately after registration, or is a deposit required?
It is essential to consider all these factors when looking for no wagering casinos. Additionally, the following criteria should be taken into account when considering a new w ger free casino:
When choosing your next wager-free casino, remember that it is of the utmost importance that the casino be licensed. Additionally, make sure you know which payment methods are accepted, what the casino's game offer is like, and if the casino's customer support is available during the hours that suit you.
Luckily, the complete information about casinos, their licenses, payment methods, compatibility with mobile devices, customer support work, and plenty more can be found here on AskGamblers. Therefore, before giving any casino with no wagering bonuses a go, read their reviews on our website.