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Understanding No Wagering Requirement Bonuses and What They Offer
By Shane Addinall Nov 14, 2018 TechnologyYour guide to not just understanding the difference between No Wagering and Wagering Requirement Bonuses but finding the best ones for you.Online casino gambling has become quite popular over the past few years thanks to the many benefits it offers. One of the biggest benefits is the range of bonuses and Free Spins you can grab on a daily basis playing your favourite games. No matter what casino you play at, bonuses and free spins will always be on the table.
There are many different bonuses and rewards on offer but all of them are divided into two major categories namely No Wagering Requirement Bonuses and wagering requirement bonuses.
Whether you are just starting out or you’ve been playing online games for quite some time it’s important to understand the difference between these bonus categories and how they affect you.What are No Wagering Requirement Bonuses?
No Wagering Requirement Bonuses are casino bonuses that come with no strings attached. These bonuses are given often as a reward for signing up at a casino or as an incentive to get you to try out a new casino or game. Any winnings made from these bonuses are yours to keep and can be withdrawn immediately.
Back in the day, online casinos offered players plenty of No Wagering Requirements Bonuses. Unfortunately, there were many players who took advantage of these rewards and created multiple accounts at various casinos to benefit more from these ‘free rewards’. After this online casinos focused more on bonuses with wagering requirements to ensure players will remain loyal and no abuse No Wagering Requirement Bonuses.
How Wagering Requirements Work?
So many online casino players jump at the chance of collecting the biggest bonus rewards offered by online casinos. And in that jump, they often overlook or even forget to read the fine print also known as the term and conditions.
Most online casinos come with wagering requirements that can often be quite high. And many players don’t fully understand what this means, wagering requirements or playthrough requirements are the conditions linked to the bonuses or free spins offers you claim. Any winnings you obtain from these bonuses or free spins can only be cashed out once you’ve met the wagering requirements. In most cases, you will have to wager the total amount a number of times, mostly 25x or higher if you wish to withdraw your winnings. Not only that but you have to do so within a certain time frame or the winnings and bonus money will expire or be forfeited.
Let’s say your bonus is linked to 30x wagering requirements, you will have to use your original deposit as well as your bonus amount 30 times on the casino games in order to meet the wagering requirements. So if you deposited $100 to receive $100 of bonus money you will have $200 in your account but you’d need to bet a total of $6,000 before you can try to withdraw any of the cash.
It’s these strict requirements that often leave most casino players searching for casinos with No wagering Requirements Bonuses.
No Wagering Requirement Bonuses aren’t available everywhere but they can still be found at a number of online casinos. Whenever a casino offers you a No Wagering Requirement Bonus you can rest assured that you can claim your bonus or bonus wins without any stress or unnecessary requirements.
These bonuses are often awarded to new players or loyal players taking part in specific promotions at their chosen casino. Very often online casinos will host promotions where you must make a deposit to claim a no wagering requirement bonus or free spins reward. The bonus can then be used and winnings can be withdrawn without any delay.
Bottom Line – Any winnings or profits obtained from a No Wagering Requirement Bonus is yours to keep or cash out instantly.The Pros and Cons
Let’s start with the bad, unfortunately, thanks to greedy players back in the day you won’t find an overload of No Wagering Requirement Bonuses online. These are often only offered as welcome offers to lure new players or as the occasional reward for loyal players. The other con is that these bonuses are often very small especially when compared to bonuses that come with wagering requirement. The main difference is that even the biggest bonus can have zero value with too high wagering requirements.
The pros of No Wagering Requirement Bonuses are plenty but the most important is that it enables you to take back control. You get to keep your wins and decide independently whether you want to cash out or keep playing. You can also use your funds to play the games that make you happy instead of looking for the games that contribute the most towards wagering requirements. And above all, you get to enjoy your gameplay at your own pace instead of rushing to meet the wagering requirement deadline.
Where to play? While there aren’t a lot of No Wagering Requirement Bonuses there are online casinos that offer them. PlayOJO Casino, for instance, is one of the biggest online casinos that have a No Wagering Requirement Policy. The Casino has implemented a policy where any and all promotions have no wagering requirements which means any wins obtained from their bonuses are yours to keep.
Different Types of No Wagering Bonuses
✓ Free Spins - Online Casinos such as PlayOJO will offer your free spins rewards that can be claimed by making a qualifying deposit. Any wins from the free spins will be yours to keep but it’s important to read the fine print to see if the free spins are subjected to an expiry date or a minimum or maximum cash withdrawal.
✓ Deposit Bonuses - These along with Free Spins are among the top preferred rewards offered at most online casinos. Making a qualifying deposit at your chosen casino will award you a bonus from which all winnings are yours to keep.
✓ Cashback - Most online casinos have a Cashback bonus which they generally award with no wagering requirements. These bonuses are awarded to players who’ve deposited over a certain period and got unlucky in their gameplay.
Are No Wagering Bonuses Recommended?
No Wagering Requirement Bonuses are generally preferred by most players as it comes with the most freedom. That being said, there are still terms and conditions linked to your bonuses or rewards which sometimes overrule the amount you receive from your offer.
For instance, if you deposit $20 and receive a $5 bonus from which you can claim a maximum of $25 in winnings it’s not necessarily worth it. It’s important to read the fine print and find a bonus reward with or without wagering requirements that you’ll be able to manage.
To start you can try PlayOJO Casino where they pride themselves in offering players a fair gambling experience with no wagering requirements.
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