If you were searching for the next bonus to claim, noticed one that offered no wagering requirements, and thought it might be a scam, then find out it’s not. The industry is slowly heading towards a more player-centric approach, which means the casinos are starting to be more concerned about the fairness of the bonuses.
If in the past you used to see only offers with wagering requirements that were even reaching 60x, now you have the chance to encounter a no wagering casino bonus with which to have a nice casino experience.
If you want to know more about this type of promotion, what it really brings and what the catches are when it comes to “no wagering”, then keep on reading!
What “no wagering” really means
If you’ve played at a casino before and you’ve claimed at least a bonus, you know that to be able to withdraw real money, you have to complete the KYC process and meet the wagering requirements, besides other conditions mentioned in the T&Cs section.
Basically, you choose your favorite bonus, claim it, create an account, validate it, activate the bonus and read the terms and conditions to find out how you have to play. If we take, for example, a 50 free spins no deposit bonus, for this kind of offer, the industry average wagering is 35x. If you earn $50 out of the spins, then you’ll need to wager 35 x $50 = $1,750 so that you can withdraw in the end.
Note that there are also casinos that ask to wager both the bonus and the deposit. In this case, we talk about a welcome bonus, for example, 100% up to $100, where you receive the same amount that you deposit. If you deposit $100, you receive $100 more. So, you would have a total of $200 (deposit + bonus) x 35 = $7,000 to wager.
But for a no wagering promotion, things would be a lot simpler because you would just withdraw the money that you’ve won. If you have 50 free spins and win $50, then that is the amount to withdraw.
What the catches are with these offers
You might think that it can’t all be so easy, and somehow, you are right, because there are still aspects to take into consideration before claiming a bonus like this and using it. Given that there is no wagering, the casino might impose other conditions to protect itself.
It’s really important to read them carefully and understand what they ask of you. Even if, at first glance, a no wagering promotion is most definitely advantageous, after a second look, things might change. In the following sections, we’ll tell you what to look out for to make sure you’re going to have a favorable gambling session with a no wagering bonus.
Maximum cashout cap
When reviewing the terms and conditions section, one of the main things that should interest you is the maximum cashout cap. This represents the maximum amount you can withdraw after playing and meeting the wagering requirements. But since we’re talking about no wagering offers, the limit is only for the money you get after playing.
Note that $50 is the industry’s average maximum cashout for no deposit bonuses and $1,000 for deposit bonuses. This applies to promotions with wagering, but for those with no rollover, these amounts will be lower because the casino considers that it has already given you a big advantage.
Eligible games
If you’ve redeemed a bonus before, you know that you have to play only a specific set of slots or a slot in particular, these being the eligible ones that will allow the withdrawal of real money. Playing any other slot than the ones mentioned, even if similar in some way, will result in you losing the bonus.
So, when you reach the part of the terms and conditions that mentions the eligible slot/s, pay great attention to it and make sure you don’t access anything else when playing. The catch with games for no wagering bonuses is that most of the time, they have lower RTPs. A lower RTP means a bigger house edge, which is in the casino’s favor.
For example, a slot with a 95% RTP gives the casino a 5% house edge, but an advantageous slot for you with a 97,5% RTP means that the casino will only have 2,5% house edge.
Maximum bet
As with any other offer, the ones with no rollover conditions also have a maximum bet stated in the T&Cs. Usually, this bet serves as a limit for the amount you can use to meet the wagering requirements, but now, since there is no wagering, you’ll use this maximum bet when playing the eligible slot.
Again, because the casino does you such a favor for not asking you to wager the winnings, they’ll lower the bet. If until now you’ve seen promotions with $5 bets, now you can expect to see $3 bets. Of course, these won’t bring you wins as big as you’d have with $5 bets.
Bonus value cap
If you continue your analysis of the gambling market and manage to spot more incentives with no wagering requirements, we suggest taking a good look at them. Most likely, you’ll notice that the amounts they provide are not as big.
For example, a regular no deposit bonus would offer $50, while a no deposit bonus with no playthrough would offer only $25. Operators use tactics like this and others mentioned above to make sure they are not losing more than they are winning.
Conclusion
Now that you have found that no wagering promotions are not scams, but they do have their catches, remember to always look at the set of T&Cs and thoroughly analyze what the casino asks of you. Even though a bonus like this offers a great opportunity, if you don’t consider the rest of the requirements to be favorable, don’t feel forced to redeem it.
Also, however advantageous a no wagering offer might be, remember to play responsibly and to care for your resources. You have all the time to redeem these bonuses, and it would be preferable if you’d just claim them one by one, when you are in the right headspace, and truly enjoy them.
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