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What is a No Wagering Bonus?
A no wagering bonus is very much what is says on the tin. It’s a casino bonus which is given to you by the online casino operator, where there is no wagering required at all. Essentially it’s free money that you can play and can only be withdrawn once you play with the full amount that is given to you.
To better help you understand, it’s probably best we explain what a wagering requirement is in the first place.
Wagering requirement explained.
A wagering requirement is essentially what is attached to a casino bonus to ensure that the customer has to work a bit before their funds can be withdrawn. A common requirement is that the wagering for a 100% bonus is around 20 times. This means you would need to play the amount of funds given to you by the casino 20 times, and then any funds you have after that can then be withdrawn into your account if you wish to do so.
This adds a little bit of protection to the casino, otherwise, if they gave out bonuses all the time with no wagering requirements, then they could lose a lot of money.
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Why do casinos offer a No Wagering Bonus?
It’s a good question, and the main reason for it is purely for marketing reasons. If a casino is offering a no wagering bonus, this looks great and will attract a lot of customers to the site to claim it. The only thing however, is that the no wagering bonus is the majority of the time, a very small amount.
Most of the time this comes in the form of free spins and can only be used on one specific slot. There are times where the casino will give you a no wagering bonus which is funds based, however, once again this will be on a specific slot or table game and will be a small amount. It’s essentially a win-win scenario for both the casino and the customers.
Is A No Wagering Bonus Safe?
Well this, in our opinion, solely depends on which online casino you wish to play with. We believe that if you’re playing with a top, well established online casino, then you have absolutely nothing to worry about.
Having said that, if you decide to play with an online casino that hasn’t got much credibility or many reviews, we recommend you do your checks. This can include checking to see if the operator is licensed and which license they have. It’s important to make sure the online casino you wish to play with is fully licensed and regulated under legal authority.
Pros and Cons of a No Wagering Bonus.
- Your winnings can be claimed immediately
- There is no need to keep making deposit to meet wagering requirements
- There is zero time limit on these bonuses, they do not expire.
- Withdrawal limit is usually very low
- Very rare to find
- Usually they are offered in free spins rather than funds
No Wagering Bonus Summary.
Even though we mentioned that it is rare to find, we also believe that this year, we are seeing more and more no wagering casinos offering amazing no wagering bonuses. Yes, it is a marketing technique from the casino, but all you need to do is sign up with the casino and you will basically get free money to play with. It’s a win-win from both sides and we highly recommend you look into it, as it could be very profitable in your favour.