Everything you need to know about no wager casino bonuses
With so many online casinos offering huge cash bonuses to attract players, operators have resorted to new, innovative ways to stand out from the crowd. An increasingly popular bonus offer amongst players is the no wagering bonus offer. Let’s take a closer look and find out why online casino players are on the hunt for wager-free bonus deals.
What is a no wagering bonus?
As its name suggests, a no wagering bonus is simply a bonus without wagering requirements. These bonuses often come in the form of free spins, cash bonuses and cash back. As you’d expect, these offers don’t hit the heights of the triple figure bonus offers that come coupled with wagering requirements, but they provide a great opportunity to win using bonus funds, especially for less frequent players.
Usually, you’ll be rewarded with a no wager casino bonus after making a deposit. An example of a typical no wagering bonus offer is “one free spin for every £1 deposited”. Of course, this bonus is always offered with a limit in place, set by the online casino.
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A second type of no wagering bonus rolled out by a few online casinos sees players receive rebates. These are more commonly found in the live casino. A standard offer would be 10% rebate on aggregated losses over a set time period. The amount rebated would be wager free, in this example. Compare this to a cashback bonus that has a 6x wagering requirement and it becomes clear that this is a very decent offer.
To attract new players and keep existing ones coming back, most online casinos offer a range of bonuses and promotions, from matched deposits to reload bonuses. Most of these bonuses come with wagering requirements. These are in place to ensure you can’t withdraw any bonus winnings immediately. Instead, you must wager your winnings a certain number of times – this figure is always determined by the casino. The biggest bonuses often come with heavy wagering requirements, which are designed to keep you playing until either you wager a large sum of money, or eventually lose your bonus funds.
Here’s an example to explain how wagering requirements work:
- Let’s say you’ve claimed a 100 percent matched deposit bonus with a 30x wagering requirement
- You’ve made your first deposit of £100, so you’ll receive a £100 bonus from the casino
- In this instance, you’ll be required to wager that £100 bonus 30 times. This means placing £3,000 worth of wagers
Wagering requirements aren’t necessarily a bad thing. Online casinos exist to make money, after all. Casino operators offer generous welcome bonuses to give new players a bankroll boost to get a familiar with casino games and have some fun without breaking the bank, but handing out free bonuses without wagering requirements would lose them a whole lot of money. Of course, it’s entirely possible for you to get lucky and ‘beat the house’, with or without wagering requirements in place, but many players prefer to get their hands on bonus winnings without being made to jump through hoops.
So, when a no wager bonus appears, casino players’ eyes light up with joy. These wonderful offers provide you with a chance to instantly boost your bankroll and withdraw any winnings immediately! The casino carries all the risk on this one – which makes for a refreshing reversal of roles.
How can I claim a no wagering casino bonus?
Follow these simple steps to claim your no wagering bonus today:
- Compare online casinos.
Check out our list of the best online casinos, compare and pick out your favourite. Compare.bet only features licensed casinos with the best games collections, promotions and of course, generous bonuses for new and existing players.
- Sign up.
Once you’ve weighed up your options and made your pick, follow our link to register your account and become eligible for your exclusive no wagering bonus. You’ll be done within a couple of minutes – all you’ll need to do is provide a few personal details.
- Banking options.
Most online casinos will require you to make a deposit before you can claim your bonus. Head to your casino’s cashier and use your preferred payment method. Almost every operator offers support for credit and debit cards, while only the best casinos accept e-wallet options such as Skrill, PayPal and Neteller.
Select your desired amount and make your payment! Ensure that the amount of your deposit falls in line with any requirements stated in the terms and conditions – you wouldn’t want to miss out on your no wagering bonus offer!
- Claim your bonus.
Whether you’ve opted for some free spins or you’ve managed to grab a cash bonus, your account will be credited almost immediately following your deposit. You’ll be playing your favourite online casino games in no time!
Ready to play?
So, that’s a rundown on one of the best online casino bonuses available. It’s equivalent to the casino stuffing money in your pockets. Are you ready to claim one yourself? Check out our list of top UK no wager casinos to find one you like. All you need to do then is sign up, collect your bonus and win some instant cash!