If you have ever been stung by absurd wagering requirements imposed on bonuses by some online casinos, then you already know how disappointing it can be. Many of the bonuses offered in online casinos are tied to these requirements.
The terms require you to wager large amounts before you can withdraw your winnings. In most cases, such bonuses expire before a majority of players can meet them. And since you can’t cash out your winnings, you end up losing it all at; the bonus and your money.
The ludicrous requirements in some of these casinos have resulted in a new generation of online casinos that have friendlier bonus terms. They offer bonuses and promotions that are not linked to any wagering requirements at all.
What are Wagering Requirements?
Most players have an idea of the meaning of wagering requirements. If you are new to iGaming and wondering what they refer to, they are basically the number of times that you need to play through a bonus before cashing out winnings.
If you don’t meet these terms within the set timeframe, then you lose your winnings plus any remaining bonus. To illustrate this, consider a £50 bonus with x30 wagering. To get the amount you should wager this particular bonus, you multiply the bonus with the requirements.
For this case, it will be 50×30, which amounts to £1500. To put this into perspective, unless you spend £1500 in your casino, you can’t withdraw any money. Logically it would be hard to wager this amount within the given time unless you’re a high-roller.
In case you’re looking for the best no wagering online casinos, check them out at bestcasinosites.net. This site curates the best casinos online and ranks them based on bonuses, safety, payout speeds, and other important features.
Why Choose No Wagering Casinos
The main reason why you should take advantage of bonuses with no wagering is that you get to have full advantage of the promotion. With these types of offers, you can play in peace since you are not worried about time running out before you have fully met the terms.
Usually, casinos give you a bonus for up to 7 days, after which it expires. Another advantage of no wagering online casinos is that you can cash out the winnings you make from the bonuses as soon as you have used up all your bonus funds or spins.
With these casinos, you get more and spend less. That’s assuming, you are lucky to win. Choosing these casinos means you don’t have to overstretch your budget to meet the terms. Some of the requirements can force you to spend more than you had budgeted for, which is of course not a good thing.
Popular No Wagering Bonuses
Casinos offer different types of no-wager bonuses that you can claim, provided you meet the bonuses’ terms. Mostly, these offers are available to all casino players. For others, they are only offered to loyal players. Some of the popular promotions include:
These, in most cases, are offered to new players. Once you become a member in a casino with this offer, it is credited to your account after you deposit the minimum amount.
For most casinos, the minimum amount ranges between £10 and £20. This is fair for both regulars and high-rollers. You may also find a casino offering deposit bonuses to existing players. Most casinos refer to these as reload bonuses.
Unlike in the case of new players welcome offer that runs throughout, deposit bonuses for existing players run for a limited period. Casinos offer as a way of luring new players to fund their accounts.
No Deposit Bonuses
For these types of promotions, casinos give you a bonus without requiring you to make the first deposit. Excitingly, you get to place bets with the bonus funds or free spins without funding your account.
While this offer is an exciting one, in most casinos, you can’t withdraw your winning until you deposit. Thus, in case of any winnings from the bonus, it is a must you fund your account to cash out your winnings.
In these offers, the casino gives you bonus spins on select games, majorly slots. The spins can come as stand-alone offers or tied to other promotions, such as the welcome bonuses. Casinos decide the games you can play with the spins, or leave you to decide, provided it’s a slot.
Refer a Friend Promotions
Although rare, these are bonuses that a no-wager casino gives you for referring friends to the casino. The people you refer have to make their first deposit for this offer to apply. So, in case you invite a friend, you have to encourage them to fund their accounts. You both benefit.
Somewhat less popular than other types of casino bonuses, these perks see gamers receive back a percentage of the money they wager and lose. You can withdraw the money immediately or after a given duration, say a week. You can also use this money to fund further bets.
How to Claim No Wager Bonuses
The process is simple and similar in many of the casinos. If you are not a member, you will need to sign up first. After this, head over to the promotions page in your casino to check out the available no-wager bonuses. Click it to open the offer. You will see a tab written claim bonus.
Once you click this, the casino will credit the bonus on your account balance. Casinos may also add the offers automatically without you having to claim them. In some instances, you may be required to use bonus codes to claim some bonuses.
The allure of bonuses is well-known to online casino operators. It’s no surprise that all of them promote their sites by offering different types of casino bonuses to newly registered and existing customers.
Some have even gone the extra mile of offering exclusive bonuses to loyal players through a VIP reward program. Whichever way, bonuses are great, but the wagering terms connected to them make them lose this fun bit.
Many players opt-out of bonuses due to these terms. With the advent of no wager casinos, gamers can look forward to enjoying their promotions without any worries.