Casinos have used bonuses to entice new players into signing up and engaging them to keep playing for years. The gambling industry has seen hundreds of unique and exciting marketing approaches that seek to make the many casinos online stand out from the crowd. Every time there is a new bonus on the market, it is always worth checking out or giving a try.
One of the most common trends in the market today is the no-wager offers. No wagering required casino or wager-free bonuses are a trend to watch because they help gamblers overcome one of the biggest disappointments in gaming: the hassle of wagering requirements.
What is a wagering requirement?
The first step to understanding how no-wagering casinos work is to have a deep understanding of what a wagering requirement is. Wagering requirements are conditions attached to any bonus or additional gifts a casino offers that require you to bet through a specific amount of money to be able to withdraw the winnings from the bonuses or rewards. The amount is stipulated as a multiple of the bonus amount or even the sum of your deposit plus bonus if you were given a match deposit. In the Terms and Conditions, casinos display it as a figure e.g., x25 or x60.
Failing to reach this requirement will make it impossible for you to withdraw the winnings accrued from playing with the bonus. For instance, if you won some $250 from playing with a bonus, the amount will forever remain in your account or even expire if you do not reach the wagering requirement.
A no-wager bonus is, therefore, a bonus that does not come with the heft requirements attached. However, these are still quite rare and can be found on very few reputable casinos.
The difference between no-deposit and no-wagering bonuses
No deposit bonuses are those that do not require you to deposit to enjoy playing a casino game. No deposit bonuses are valuable in determining the suitability and gameplay of a casino’s games so that you can make an informed decision before committing any funds.
The main difference between the two kinds of bonuses is what they save you from: the no deposit bonus keeps you from depositing before playing, which makes it risk-free. A no-wagering requirement saves you from having to roll over a certain amount of money to obtain your winnings.
The better of the two is the no-wagering bonus; it may be risk-free, but often comes with a massive wagering requirement. You will not be able to withdraw the winnings you make with your no deposit bonus until you bet through a hefty amount of money
Are no-wagering casinos better than casinos with wagering requirements?
The popularity of no wagering required casino, especially considering the inconvenience that wagering requirements bring to gameplay. However, there is no significant difference between the two types of casinos. This lack of substantial difference is brought by the degree of risk that the lack of wagering requirements brings to the casino. Promotions without wagering requirements are usually smaller to minimize the risk, while those with the requirements are larger. As a player, you have to choose the lesser inconvenience.
Kinds of bonuses you can make from no wager casinos
The most common form of deposits offered by no-wager casinos is free spins. Most casinos integrate free spins with their welcome bonus or any other kind of extra. The only catch is that they are only given after you make a deposit after registration. You may see it advertised as ‘One free spin for every £1 deposited.’
This bonus is offered on live casinos where the operators offer players a refund over aggregate losses accrued over a particular period. An example is a 10% rebate.
A casino may also offer you a deposit bonus that is free of any wagering requirement. If it is your first bonus, it will most likely be labeled as a no-wagering first deposit bonus. If it is on your second or third deposit, it will be advertised as a no-wagering reload bonus.
Use what’s right for you:
If you are a less frequent player, the no-wager casinos are the better option for you. The offer will not give you triple-figure winnings but will help you play and withdraw those accrued with your bonus as soon as they are credited.