What are Wagering Requirements?
To learn how a no wagering casino and casino bonus works, you first need to know what a wagering requirement is. A wagering requirement is simply a term most online casinos have attached to their bonuses. Casino bonuses come in many different forms and sizes, but they normally have one thing in common, which is the wagering requirement attached.
Some different casino bonuses that can have wagering requirements include:
- Welcome bonus
- Match Bonus
- No Deposit Bonus
- Free Spins
- Free Bet
- Live Casino Bonus
- Sports Bonus
- and more…
How do Wagering Requirements work?
A wagering requirement works by stating an amount you have to play through before you can withdraw your winnings.
When you get a casino bonus, it normally has different terms attached to it. One of which is the wagering requirement. This is normally given in the format of xNumber, for example, x35. This means that you have to wager your deposit amount (and possibly bonus amount) 35 times before the winnings can be withdrawn. This can also be called a play-through requirement.
Some casinos have low wagering requirements (x10) while others have high wagering requirements (x50). Of course, the best casinos are the ones that have no wagering requirements at all.
What is a No Wagering Casino?
A No Wagering Casino is exactly what it sounds like: a casino without wagering requirements for their bonuses.
This means that if you win anything from a bonus at a no wagering casino, those winnings are immediately yours to keep. There are no wagering terms that need to be followed.
Playing at a no wagering casino makes the process from winning to having your winnings super quick. Instead of having to play through the bonus amount you originally got a certain amount of times, and potentially losing your casino winnings, you can choose to withdraw your chosen amount right away.
What is a No Wagering Bonus?
A no wagering requirement bonus simply means a bonus that doesn’t have any wagering requirements attached to it. If you get a casino bonus at a no wagering casino, this will come without the need of wagering the amount a certain amount of times before being allowed to withdraw the winnings.
A no wagering bonus might still have terms attached to it (such as a minimum deposit and time limit), but there is no play-through requirement. If you win anything, it is up to you to choose whether you want to keep playing for it or withdraw it.
What are No Wagering Slots?
Sometimes a casino bonus with no wagering requirements attached to it might be given out as free spins, to be played at a specific or freely chosen slot. In that case, we can call it a no wagering slot offering winnings that are yours to withdraw right away.
There are no specific no wagering slots available at online casinos. This is because the wagering requirements will be set by the casino itself, while the slot will be developed and maintained by an independent game provider.
Put simply: It is not the slot itself that has wagering requirements (or not), but the casino bonus given on the slot(s) by the casino.
Why do some casinos offer No Wagering Requirements?
Wagering requirements are put in place by casinos to ensure that they don’t go bankrupt by giving away free money in bonuses and then as casino winnings. But at the same time, there are thousands of casinos available online and players will pick the best ones available.
To get new players to sign up while still keeping existing players happy, online casinos have to continuously evolve and come up with new benefits for the players. What has moved from the first casino bonuses has now moved into more and more elaborate and attractive perks for the players.
One of the most attractive perks imaginable is allowing players to simply claim what is rightfully theirs: the casino winning they just won. That is why some casinos are now casino bonuses with no wagering requirements – to keep players happy and playing.
A no wagering requirement puts their players’ interest first, by allowing them to claim their winnings whenever they wish.
Benefits of getting a Casino Bonus with No Wagering Requirements
When playing at a no wagering casino, the benefits are pretty obvious:
- No need to wager your bonus winnings – simply withdraw them as you wish
- Easy to keep track of bonus terms and winnings
- No sneaky and confusing terms related to wagering requirements: which games you can wager on and not, which wagers count how much etc.
- No risk of losing your winnings via play-through before being allowed to make a withdrawal
As mentioned before, it is important to note that while a no wagering casino won’t have any wagering requirements, there might be other requirements and terms attached to the bonuses given. Therefore, it is always important to read the T&Cs of any bonus before opting in.
While a casino bonus with no wagering requirements is mostly a casino dream come true, it is also worth mentioning that these bonuses might not be as lucrative as bonuses that have wagering requirements.
How to Withdraw Casino Winnings without Wagering Requirements?
If you have won something at an online casino, it makes perfect sense that you want to withdraw that winning amount right away. And it also sounds sensible enough that you should be able to, right?
Well, the truth is that if those winnings were won using bonus money, there is a very large chance that you will have to meet a wagering requirement first. Only no wagering casinos will allow you to instantly withdraw the money you won from a casino bonus – even though you won them fair and square.
How to get around Wagering Requirements at an Online Casino
If you want to play at online casinos but not deal with wagering requirements, you have a few options:
- Only play at no wagering casinos that offer bonus with no wagering requirements
- Don’t opt in for bonuses with wagering requirements but simply play with your deposited money only
If you end up playing at a casino that has only offer bonus with wagering requirements, you simply you have to stick to the terms and conditions given or forfeit your bonus.
Are Bonuses with No Wagering Requirements as Good as Regular Bonuses?
It is important to note that the difference between a casino bonus with no wagering requirements and a casino bonus with wagering requirements might be more than just the lack of wagering requirements itself.
A no wagering bonus will normally be smaller than a regular bonus that has a wagering requirement attached to it. “Smaller than” in terms of offering a smaller amount of money or free spins. But this doesn’t necessarily mean that it is worse than a no wagering requirement bonus.
When playing at an online casino, you need to think about the bigger picture and how you can win the most money. More often than not, a casino bonus with no wagering requirements (or at least low wagering requirements) can yield a better end result than a massive bonus that comes with very high wagering requirements.
Bonus Example Explained
Let’s look at an example:
Would you rather have a bonus of 200 % up to £1000 or £10 for free?
While the first bonus sounds amazing and lucrative at first glance, the latter might actually be a better pick if the terms are better. Let’s add some terms:
- 200 % bonus up to £1000 (min. £10 deposit, wagering requirement: x50)
- £10 free (no min. deposit, no wagering requirement)
Now you can see that the £10 is free to claim and the same goes for your winnings: You can spin a few rounds at a jackpot slot for £10 and win up with a big price that is instantly yours to keep!
While for the first bonus option, you will first have to deposit minimum £10 (which would only grant you a £20 bonus) and then wager 50 times before getting your winnings. This means that if you win something from your spin after a £10 deposit, you will have to wager £500 before any winnings are yours to claim.
In addition, it is important to remember that while 200 % up to £1000 looks great on paper, it means that you will have to deposit £1000 to get the maximum bonus amount. And that is quite a lot of money!