No Wagering Bonuses Explained
Online casino bonuses come in many different forms. Some are directed at boosting account funds, others credit players with free spins, and some look to soften the influence of the bonus’s terms and conditions. A no wagering bonus fits into this third category by removing the wagering requirements – a common T&C that often prevents casino players from converting bonuses into withdrawable cash.
How Do Wagering Requirements Work?
Most bonuses will come with wagering requirements, a condition that obliges recipients of a bonus to wager their bonus funds a certain number of times before they can request a withdrawal of any bonus-associated money. Also known as playthrough requirements, wagering requirements tend to be set anywhere between 25-40x the value of the bonus.
Here are some examples of wagering requirements in practice. Let’s say you’ve received a welcome bonus offer that includes a matched deposit worth £50, along with a wagering requirement of 30x. Players taking advantage of the full £50 bonus will need to wager a further £1,500 (50 x 30) before any account funds won through the bonus could be withdrawn.
Wagering requirements work slightly differently with a free spins bonus. Here, rather than applying to the number of spins, the requirements will attach themselves to any winnings generated by the spins. Let’s say you’ve activated a bonus of 30 free spins, again with a requirement of 30x, and with these spins you managed to win £100. In this instance, you’d need to wager a total of £3,000 (30 x 100) before you could withdraw the free spins winnings.
With these two examples, it’s clear to see how wagering requirements represent a significant barrier between players and any potential bonus money. It will therefore come as no shock that no wagering bonuses are among the most valuable of all casino bonuses, allowing players to play their bonus and withdraw any associated funds as soon as they’re won.