Explanation of Wagering Requirements
To understand the benefits of no-wager bonuses, you first need to understand what a wagering requirement is. Wagering requirements are the most common bonus term found at online casino sites. The requirements are typically listed among the terms below a casino offer and could be 20x, 30x, 40x, 50x, and so on.
A wagering requirement means you have to play through the bonus amount a certain number of times before withdrawing any winnings. As an example, let’s say that you open an account at a no wagering casino and make your first deposit. You deposit £10 and get a welcome bonus of 100%, which means that your account will be credited with £10 in bonus funds. If the wagering requirement would be 35x the bonus funds, you have to wager £350 to convert the bonus into cash and thus be able to withdraw. In some cases, the wagering requirement applies to both the deposit and bonus funds. In this case, a £10 bonus with a wagering requirement of 35x would mean you need to wager £700 before any winnings are converted into cash and become withdrawable.
What Is a No Wagering Casino Bonus?
A no wagering online casino bonus is a bonus without the much-dreaded wagering requirement. That means that you won’t have to play through the bonus you get a bunch of times before you can withdraw your winnings. These bonuses are not very common, but it is still possible to get your hands on them once in a while.
A bonus without a wagering requirement is more or less like free money. What you get, or what you win, is instantly real money you can withdraw.
Your no wagering casino bonus can be both a deposit bonus and a no deposit bonus. If it’s a deposit bonus, you’ll have to play with your own money first. Then, if you lose, you can play through your bonus once, and what you win is paid out as real cash to your account. If it’s a no-deposit bonus, you will get less than the minimum withdrawal amount at the casino. That way, you’ll have to play for the money and hope to win more to request a withdrawal.
A bonus without wagering is not necessarily cash money, as it can also be given as free spins. In that case, the bonus is likely called cash spins since what you win is real money. If you win enough to withdraw the winnings, you can do so whenever you like.
Different Types of No-Wager Casino Bonuses
No wagering bonuses can come in different forms. The following types of no-wager casino bonuses are common:
- No deposit bonuses without a wagering requirement
- No wagering deposit bonuses
- No wager free spins bonuses
- Cashback bonuses with zero wagering
No Wager Free Spins Bonuses (Cash Spins)
Getting free spins with no wagering requirement attached is perhaps the most common no wagering casino bonus you can get. This means everything you win from the free spins is real money you can withdraw anytime. These bonus spins are called Cash Spins, and you can get them at various online casinos. There are no better bonuses than Cash Spins in terms of their less-restrictive bonus rules and the ease of claiming your winnings from a no wagering bonus.
Bonus Terms & Conditions
Just because there is no wagering requirement for your bonus doesn’t mean there are no bonus terms. All other normal bonus terms are most likely there. Sometimes, these terms are stricter than what you find for bonuses with a turnover requirement.
Some common terms you might find include the max win term. This one sets a cap on how much you can withdraw from the bonus, and it’s more common for a no deposit bonus than a bonus requiring a deposit. Unlike most casino bonuses with a max win, a wager-free bonus can have a max win set not as a fixed amount but as a multiplier based on your lifetime deposits at the casino. That means the more you have deposited and accumulated since you signed up at the casino, the more you can win from a no-wager bonus. Then again, the best casinos usually don’t have any terms related to max wins.
Other terms, such as which games you can and cannot play, which strategies you are allowed to use, and how much you’re allowed to bet, will still apply. So to find all the bonus details, ensure that you’ve read the full terms of the bonus before you accept it.
Here are the most common bonus terms attached to zero-wagering or low-wagering bonuses:
- Maximum win: a cap on how much you can win while playing with a casino bonus.
- Eligible games: some games may be restricted from playing.
- Minimum deposit: if you’re claiming a no-wagering deposit bonus, there might be a minimum deposit limit.
- Period of validity: casino bonuses expire at one point. Make sure that you play the bonus within its validity period.
Claiming a Bonus at a No Wagering Casino
Claiming a bonus not requiring a turnover is like claiming any other bonus. Some casinos will ask you to opt-in or activate the bonus from their bonus pages, from the notification centre when logged into your casino account, or by confirming that you want the bonus when you deposit. Once that’s done, the bonus will be added to your account.
If you just found the offer here at GoodLuckMate, all you have to do is click the ‘claim bonus’ button, and you’ll be taken to the casino. If you need a bonus code to claim the offer, it will be displayed alongside the bonus. Simply copy and paste it in when activating the bonus at the casino. If you haven’t played at the casino before, you can sign up by completing the registration form. If you already have an account with them, you can log in.
Withdrawing Your Bonus Winnings
There are no extra hoops you need to jump through when withdrawing winnings from a bonus without a wagering requirement. At least not compared to winnings from any other bonus type. However, the casino might look closer to any withdrawals stemming from a converted bonus than for winnings from a normal deposit. Still, as long as you’ve followed all the bonus terms, this won’t be a problem. The only difference would be that it might take a bit longer for the withdrawal to be processed, but usually, that’s not an issue. Most casinos process withdrawals within 24 or 48 hours, even if it has to be processed manually.
The Best Bonuses With No Wagering Requirements
Finding a bonus that doesn’t require a turnover is not so much about finding a particular bonus as it is about finding casinos that choose to have these kinds of bonus terms. Some online casinos have this term for their free spins, while others have them for all bonuses. To find the best offers, look at the bonus offers we’ve found for you here at GoodLuckMate, and pick the one you like the best. If no wagering requirement is mentioned in the small print of the bonus, it means it’s a no-wager bonus.
When you’ve found a bonus, make sure you also like the other aspects of the casino by reading the full in-depth casino review we’ve done for you. If the casino has one bonus offer not requiring wagering, they’ll likely give you more offers like that as you play with them.