What are wagering requirements?
The wagering requirement is the number of times you will need to play through a bonus amount before it converts into cash you can withdraw. For instance, let us presume a casino offers you a $20 bonus with an x20 wagering requirement; you need to play for $400 before you can withdraw your winnings and bonus cash.
Online casinos welcome players with bonuses, encourage them to use the bonus money for wagering purposes and win as many prizes as they can. However, they do not allow players to withdraw their winnings before they have satisfied the wagering requirements. In their eagerness to earn profits, online casinos associate unfair terms and unreasonable wagering requirements with their bonus offers.
Often, gullible players grab the bonus without reading the bonus terms. When the time comes to withdraw their winnings, these players learn about wagering requirements. Often they lose their bonus and bonus winnings in their struggles to satisfy the wagering requirements.
Best No Wagering Online Casinos
Why You Must Read Bonus Terms and Conditions
Bonus terms vary from one casino to the other. While some bonus terms are easy to satisfy, others are quite unrealistic, forcing players to opt not to receive the bonus.
Here is a list of unreasonable bonus terms:
- Impossible Deadlines – Players have to satisfy the wagering requirements in just a few days.
- Max Cashout – The online casino imposes limits on the exact amount players can withdraw as winnings.
- Restrictions – Players cannot use the bonus on all the games. Also, players from some countries are not eligible to receive the bonus. At some casinos, players are ineligible for bonus offers if they use certain currencies or payment methods.
Fortunately, no casino forces players to accept bonuses. Since several players are refusing to accept bonus offers with terms such as the above, online casinos have come up with no wagering cash bonuses and free spins without wagering requirements. These offers are absolutely free of unfair terms and conditions.
Types of Bonuses with No Wagering Requirements
There are various bonuses available to Aussie players in online casinos. These bonuses apply to both new and existing players. However, before you decide to settle for a bonus, you need to go through the terms and conditions. This is because, in some instances, casinos include clauses that might make it more difficult to cash out your winnings.
For instance, some bonuses come with time limits. That is, they are only available for a specific period before they expire. If you want to get the best from this type of bonus, you will need to know when it expires, so you use it up before the date. Also, some bonuses can only be fulfilled by playing only specific games. You need to know all these first to ensure you end up with the bonus that is ideal for you.
Now that you know there are different types of no wagering bonuses available for players to choose from let us look at some of the most common ones:
Sign-up Bonus No Wagering
This is a bonus that you get as soon as you sign up with a no wagering requirements casino. The moment you sign up, the bonus immediately reflects in your account. But these kinds of bonuses are only for new players. If you have been playing in the casino before as a registered member, you will be unable to access this bonus.
Many websites offer this bonus to players, and it is the most common one you will come across as a new player. A sign-up bonus can come in the form of free spins, cashback, and so on.
No wagering Free spins
Online casinos offer free spins to both new and existing players alike. In some cases, it is used to promote new slot games to encourage players to try them out. Here, the casino offers you a specific number of free spins, which you can use on any game of your choosing.
Sometimes, these 100 free spins, 200 free spins are limited to a specific game, but it is dependent on the casino in question.
Usually, the terms and conditions determine how you will withdraw your winnings. But a no-wagering free spin bonus lets you withdraw your earnings immediately.
Deposit Bonus No Wagering
The deposit bonus works differently from the no-deposit bonus. A no deposit casino bonus no wagering is, however, very common in online casinos. Here, you need to make a deposit to get the bonus after registration. The money is added to your deposit, which increases your bankroll and offers you more opportunities to win. For instance, let’s presume you deposit $50, and the casino has a deposit bonus offer of $100, your overall balance becomes $150.
No deposit no wagering
These are casino bonuses that you get without having to deposit any money. Unlike most casino bonuses that require you to deposit some money before you access the bonus, simply sign-up on a no deposit no wagering casino, and you instantly get the bonus.
Like the sign-up bonus, this bonus can come in various forms, including free spins, chips to play specific games, and many more.
High Roller Bonuses
Since online casinos give away high roller bonuses as rewards for loyalty, it isn’t fair on their part to attach unfair wagering conditions to them. Fortunately, there are many online casinos that offer no wagering high roller bonuses. Players just have to claim these bonuses, use them on the online casino games, and withdraw their bonus winnings. There are absolutely no strings attached.
Other No Wagering Bonuses
In addition to the above, there are other bonuses players can enjoy in a casino with no wagering requirements. Some of these include a deposit match bonus where the casino matches every deposit you make up to a specific amount. There is also a cashback bonus where the online casino refunds a percentage of your losses in the casino. Lastly, there is a payment method bonus that players enjoy using a specific method of payment.
The Difference Between No Wagering Bonus & No Deposit Bonus
You may come across both the No wagering bonus and No deposit bonus frequently in online casinos. Both are bonuses but have different purposes and perks. To choose the ideal one, you need to understand the difference between both.
No wagering bonuses are those that don’t require you to go through any requirements before you withdraw any winnings you get using this bonus. Ideally, bonuses need specific wagers before you can access them. Wagers are the amount you must spend.
A no wagering casino bonus doesn’t come with cash requirements. Instead, they may have time limits, cap limits, and only work for specific games. In contrast, no deposit bonuses are those you get immediately you register in a new casino. This is different from the typical deposit bonus, where you must deposit some money after you register to get the bonus. These bonuses are ideal for people who don’t like to take risks and usually come at a low value of less than $50. It may consist of free spins, free bets, and so on.
Why Online Casinos Offer No Wagering Bonuses
The online gambling industry is flooded with online casinos and they have to compete fiercely with one another to prove that they are the best.
Staying ahead of the trend
Online casino operators know that traditional bonus offers with wagering requirements are fast getting outdated. So they offer no wagering bonus offers not only to remain in business and compete effectively with rivals, but also to attract new players.
In the past, players would grab bonuses without reading the fine print and many were not even aware of bonus terms and wagering requirements. Today, players are demanding something better, and online casinos have to change their tactics to retain player interest.
This type of bonus has proved to be successful. They serve the purpose of attracting new players to the online casino. Of course, online casinos have to bear the risk of players using their no wagering bonuses, withdrawing their winnings, and leaving. When players do this, it is called “bonus abuse.” But it is also true that no wagering bonus offers to serve to expand the online casino’s customer base.
Criteria for the Best No Wagering Online Casinos
Although no wagering bonuses are fantastic, it makes no sense to sign up at an online casino just because they offer no wagering bonuses. This is because there are a number of rogue online casinos out there that are well aware of players’ love for no wagering bonuses.
These shady online casinos offer fabulous no wagering bonuses just to encourage new players to sign up and make a deposit. They then shut down without a warning and vanish without a trace with players’ deposits.
While selecting a no wagering online casino, players should keep in mind the following facts:
Licensing and Ownership
Players should make sure that the online casino is licensed in a reputed jurisdiction such as the UK, Gibraltar, Alderney, and the Isle of Man, to mention just a few. They should also research the casino site’s ownership and make sure that the owner is a reputed and financially fit company.
Players should make sure that the online casino operates on a software platform with mobile compatibility.
The best no wagering online casinos offer a wide range of payment methods, including local methods that are convenient to players from Australia.
Ensure that the online casino supports the currency of your country.
FREQUENTLY ASKED QUESTIONS
Casinos will occasionally provide extra incentives that can only be claimed if you play on the casino app. This is a tactic for the casino to allow you to use the game and use it once so that it becomes a regular way for consumers to play in the future.
Online poker machine payouts, like their live casino counterparts, differ greatly. Not only can you find different rates depending on the game, but the same game can give better or worse payouts on a competing site. Most websites will provide you with the overall odds for each game.
Check the license of the online casino to see how and where it is monitored. The pokies at regulated online casinos are audited on a daily basis for justice. Furthermore, their program and random number generator was checked for unpredictability. To some point, this means that pokie reviews are decent. However, before delving into the pokie ratings, check to see if the pokies themselves are approved. If they aren’t, it’s a bit of a gamble.