Unreasonable wagering requirements can destroy the pleasure of receiving an online casino bonus. Players are becoming more aware of bonus terms and conditions, especially wagering requirements, and are looking for online casinos bonuses with no, or at least low wagering requirements. Whilst "no wagering bonuses" are few and far between, there are some casinos with reasonable and even low requirements to enjoy.
Our task is to find the best bonuses out there that offer fair terms and the best chance if you winning and withdrawing cash. Our experts test each offer to make sure that they are legitimate.
Wagering Requirements - Bonus Money is Not Really Free
To understand the terms no wagering, low wagering, and zero wagering, you must first understand wagering requirements. The following section simplifies the concept for you.
You will find that online casinos freely use the word “free” in association with their bonus offers. They make liberal use of this word to attract new customers and retain existing ones. If you make a careful study of the bonus terms and conditions, you will realize that bonus offers are not really “free.” Players have to wager a lot of money to “earn” these bonuses. In this process, the online casinos make their profits.
Online casinos welcome players with bonuses, encourage them to use the bonus money for wagering purposes, and win as many prizes as they can. However, they do not allow players to withdraw their winnings before they have satisfied the wagering requirements. In their eagerness to earn profits, online casinos associate unfair terms and unreasonable wagering requirements on their bonus offers.
Often, gullible players grab the bonus without reading the bonus terms. When the time comes to withdraw their winnings, these players learn about wagering requirements. Often they lose their bonus and bonus winnings in their struggles to satisfy the wagering requirements.
So what is wagering requirement?
A wagering requirement refers to the number of times players should wager their bonus amounts or bonus plus deposit amounts before the online casino allows them to withdraw their winnings.
For example, a cash bonus of $10 with a wagering requirement of 10x, means that players have to wager their bonus ten times before they can withdraw their bonus winnings.
Online casinos impose wagering requirements on their bonuses for a good reason. They want to ensure they stay in business while giving players an incentive to play. However, due to complaints about unreasonable bonus conditions, many online casinos are now offering no wagering bonuses or bonuses without wagering requirements.
Why You Must Read Bonus Terms and Conditions
Bonus terms vary from one casino to the other. While some bonus terms are easy to satisfy, others are quite unrealistic, forcing players to opt not to receive the bonus.
Here is a list of unreasonable bonus terms:
Impossible Deadlines - Players have to satisfy the wagering requirements in just a few days.
Max Cashout - The online casino imposes limits on the exact amount players can withdraw as winnings.
Restrictions - Players cannot use the bonus on all the games. Also, players from some countries are not eligible to receive the bonus. At some casinos, players are ineligible for bonus offers if they use certain currencies or payment methods.
Fortunately, no casino forces players to accept bonuses. Since several players are refusing to accept bonus offers with terms such as the above, online casinos have come up with no wagering cash bonuses and free spins without wagering requirements. These offers are absolutely free of unfair terms and conditions.
Types of Bonuses with No Wagering Requirements
There are several types of no wagering casino bonuses in the industry:
Free Spins - No wagering free spins are the most common type of no wagering bonuses that online casinos offer. Players have to sign up, make a qualifying deposit, and receive their free spins. They can withdraw any prize they win while using the free spins.
High Roller Bonuses - Since online casinos give away high roller bonuses as rewards for loyalty, it isn’t fair on their part to attach unfair wagering conditions to them. Fortunately, there are many online casinos that offer no wagering high roller bonuses. Players just have to claim these bonuses, use them on the online casino games, and withdraw their bonus winnings. There are absolutely no strings attached.
New Casino Bonuses - A number of new casinos are trying to beat the competition by offering no wagering free spins and no wagering deposit bonuses. Since there is no need to satisfy any wagering conditions on these bonuses, an increasing number of players get attracted to these bonus offers.
No Deposit Bonuses - No deposit no wagering bonuses are extremely rare. But we can still find online casinos offering these deals. Players just have to create a new account at the online casino that offers them, claim their no deposit cash bonus or free spins, and withdraw their winnings without having to bother with wagering requirements.
Reload Bonuses - These bonuses give existing players an incentive to play, and when they are no wagering reload bonuses, the incentive to play is greater.
Best No Wagering Online Casinos
Although no wagering bonuses are fantastic, it makes no sense to sign up at an online casino just because they offer no wagering bonuses. This is because there are a number of rogue online casinos out there that are well aware of players’ love for no wagering bonuses.
These shady online casinos offer fabulous no wagering bonuses just to encourage new players to sign up and make a deposit. They then shut down without a warning and vanish without a trace with players’ deposits.
While selecting a no wagering online casino, players should keep in mind the following facts:
Licensing and Ownership - Players should make sure that the online casino is licensed in a reputed jurisdiction such as the UK, Gibraltar, Alderney, and Isle of Man, to mention just a few. They should also research the casino site’s ownership and make sure that the owner is a reputed and financially fit company.
Software - Players should make sure that the online casino operates on a software platform with mobile compatibility.
Payment Methods - The best no wagering online casinos offer a wide range of payment methods, including local methods that are convenient to players from Australia, UK, Canada, and New Zealand.
Currencies - Ensure that the online casino supports the currency of your country.
Why Online Casinos Offer No Wagering Bonuses
Competition - The online gambling industry is flooded with online casinos and they have to compete fiercely with one another to prove that they are the best.
Staying ahead of the trend - Online casino operators know that traditional bonus offers with wagering requirements are fast getting outdated. So they offer no wagering bonus offers not only to remain in business and compete effectively with rivals, but also to attract new players.
Player awareness - In the past, players would grab bonuses without reading the fine print and many were not even aware of bonus terms and wagering requirements. Today, players are demanding something better and online casinos have to change their tactics to retain player interest.
Success - This type of bonus has proved to be successful. They serve the purpose of attracting new players to the online casino. Of course, online casinos have to bear the risk of players using their no wagering bonuses, withdrawing their winnings, and leaving. When players do this, it is called “bonus abuse.” But it is also true that no wagering bonus offers serve to expand the online casino’s customer base.
Low Wagering Bonuses
Some online casinos have devised an ingenious way of preventing bonus abuse while simultaneously giving players a bonus offer with reasonable and fair terms and conditions. These are a special category of bonuses called low wagering bonus offers.
As their name suggests, low wagering bonus offers are bonus offers with very low wagering requirements. Though not as attractive as no wagering bonuses, they prevent players from leaving the online casino with their bonus winnings. They also help the online casino run a profitable business by encouraging players to stick around for a longer period of time and clear the bonus offer.
No Wagering Casinos Frequently Asked Questions (FAQ)
What does wagering requirement mean?
Wagering requirement refers to the multiplier value representing the number of times players have to wager their bonus amount or bonus plus deposit amount or bonus winnings before they can withdraw either their bonus amount or winnings or both.
What does playthrough mean?
Playthrough is just another term for wagering. It refers to the number of times players should play through their bonus amount or bonus winnings or bonus plus deposit amount before withdrawing either their bonus amount or winnings or both.
What does no wagering mean?
No wagering refers to a bonus offer that does not have any wagering requirements. It means that players can withdraw their bonus winnings without having to meet any wagering or playthrough requirements.
Can I win real money by using free spins?
You certainly can! If you have claimed a no wagering free spins offer, you can win real money by using those free spins. Also, you can withdraw your winnings without having to satisfy any wagering requirements.
What is the meaning of 10x, 20x, or 30x wagering requirements?
The multipliers 10x, 20x, and 30x indicate the number of times players should play through or wager their bonus amounts or free spins winnings before they can withdraw them.