A beginner’s guide to no wagering casino bonuses. Find out why these are the best bonus offers of them all; also, discover where to find them.
There are many types of casino bonuses, and like everything in life, some are better than others. Among the most outstanding are no wagering casino offers, which is short for no wagering requirements.
In this guide, we’ll explain what no wagering bonuses are, and highlight the different types that you can find. Furthermore, we tell you what to look out for in the terms and conditions, and showcase some example offers to whet your appetite.
Lastly, we’ll compare these offers against other casino bonuses so you can decide which ones you prefer.
What is a no wagering casino bonus?
Most casino bonuses have wagering requirements attached. For example, you may see a sign-up offer for 100% up to €200 with a wagering requirement of 30x the bonus amount.
If you manage to clear the wagering and still have bonus funds remaining, this money is then converted to real cash that you can withdraw. Free spins bonuses commonly have wagering requirements on the amount you win from the spins. The same rules apply to these, too.
Enter the no wagering bonus, also referred to as a ‘wager-free’ bonus. These offers remove the bonuses wagering requirement. Therefore, the money is instantly put in your real money balance. Hence, it’s withdrawable. This makes no wagering bonuses extremely player-friendly, and superb value for all types of players.
Three types of no wagering bonuses
- Betfair Casino: 30 free spins upon mobile verification - no deposit required although you must register a debit card. New customers only. All winnings paid as cash. Free spins are valued at £/€0.01 per line
- Paddy Power: Register an account using the correct Paddy Power promo code and verify your age and mobile phone number to get 100 free spins. Each spin is valued at £/€0.10
- Leovegas Casino: Up to 100 bonus spins as part of match deposit welcome offer. Spread over the first four deposits. Get 10 bonus spins for deposits under £/€50.00, and 25 bonus spins for each deposit of £/€50.00 and above. Winnings paid in cash
Other no wagering bonuses usually come in the form of cash-back offers. For instance, if you deposit, play and lose; you can claim a certain percentage of your losses as cashback casino bonuses. Certain casinos have no wagering requirements on this money, so it goes directly into your cash balance.
No wagering & No deposit bonuses
While a few casinos combine No wagering & No deposit bonuses to make an irresistible value proposition, it’s more common to find them served up separately. Both are top bonuses, but of course, they are different.
Most no deposit free spins offers have wagering requirements. For instance, LeoVegas offers 20 no deposit free spins with 35x wagering on any winnings. This is a good promotion because you don’t have to make a financial commitment while also playing for real money. 99% of players won’t manage to clear the wagering, so the casino doesn’t lose anything.
Staying at LeoVegas, if you proceed to make a real money deposit of £/€10 (the minimum amount), you get 10 bonus spins that are wager-free. Therefore, the winnings are paid in cash. No wagering is clearly more rewarding, but the trade-off is that you’ve made a deposit to get the spins.
For total beginners, no deposit bonuses give you a taste of the real thing. However, when you are ready to commit to a deposit, looking for a good no wagering promotion gives you extra value.
No Wagering Bonuses Conclusion
When you think that most video slots have an RTP of 94+ per cent, and table games such as blackjack, baccarat and craps can be higher than 98%, online casino gambling is about fine margins if you play smart and bet responsibly.
Essentially, no wagering bonuses help, ever-so-slightly, to increase the RTP you get from the casino. Therefore, over the long-term, you stand more chances of making a profit.
As always, with all casino bonuses, you must read the terms and conditions. Some no wagering offers have a maximum win limit while others don’t. You shouldn’t jump in and accept the first offer you see.
Utilise the tools and resources on our website to find the top deals currently available.Last update: 17-06-2020