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Chipy’s Guide to No Wagering Bonuses

ABOUT NO WAGERING BONUSES


We'll start off by explaining what wagering means. Simply put, wagering is another word for betting. In depth, the wager represents any amount of money that a gambler stakes on a potential outcome. Some of the expected outcomes that a wager can be placed on are sports matches, entertainment events, roulette spins, a dice roll, and others. 

Most of the time, online casinos offer welcome bonuses and other types of promotions, especially to new players. However, not all bonuses will be completely free of charge. Most of the time, playing through a bonus requires the  gambler to bet a certain amount of money in order to scoop up any gains. This requirement is called wagering or playthrough. For more details about how the wagering process works, take a look at the video below, on our official YouTube channel:



No wagering bonuses are a type of casino bonus currently gaining popularity among online casino gamblers. Why is that? The answer is simple - they don’t have any wagering requirements in their terms and conditions section, unlike other types of bonuses. No wagering bonuses also allow players to collect their winnings in no time. These are two strong reasons why their popularity is on the rise.

No wagering bonuses are a good way to try out casino games because they give you the freedom of choice. If the casino is not your cup of tea, you can simply move to another one. There are no financial risks involved while you’re also getting the chance to win some money out of it. Bottom line, playing through no wagering requirements bonuses makes gamblers feel they are in full control.
 

BENEFITS OF NO WAGERING BONUSES


Down below, Chipy has listed for your convenience the main advantages of playing through a no wagering bonus:

  • Unlimited time. Wagering requirements usually come with a time limit to use up the casino bonus. However, there’s no time pressure when playing through a no wagering bonus. 
     
  • Cash out anytime. Playing through a no wagering bonus gives you the opportunity to cash out winnings whenever you want, while a wagering requirement will demand you to use up your casino bonus before you can make a withdrawal.
     
  • No ups and downs. Winning at your favorite slots or scratch cards, while playing through a casino bonus can be exciting. However, this potential high can be ruined when you have to run through all your free spins – which increases your chances to be deprived of your small fortune and this can be a bummer. Trying a no wagering slot keeps your winnings with no playthrough requirement. No wagering casinos offer cashback or no wagering free spins instead of a slot bonus. Most of them have player reward systems, as well as welcome offers that are based around no wagering free spins.
     
  • No uncertainty. Most casinos have wagering requirements in their terms and conditions section that you will always need to check out, in order to see if you can or cannot withdraw your well earned winnings. This issue is nonexistent when it comes to no wagering casino bonuses. You can play your favorite games and cash out when you are winning. 

TYPES OF CASINO BONUSES WITHOUT WAGERING REQUIREMENTS


In the following section, Chipy has listed the most common types of no wagering casino bonuses that every casino is offering to new and veteran players, in order to help them keep their winnings. 

  • No Deposit Bonus. This type of bonus usually comes in the form of free spins offered to players as a welcome bonus, after registering at a casino. You can claim a no deposit bonus immediately after completing the registration process, without making a deposit first. Some low wagering casinos require you to meet the wagering requirements on the no deposit offer, while others give you a chance to withdraw all your gains. These no wager no deposit bonuses are rare but many casinos actually offer them. However, when it comes to wager-free no deposit bonuses, you can usually only withdraw your no deposit winnings after you have made your first deposit.
     
  • No Wagering Deposit Bonus. A deposit bonus is what most casinos hand out to new players after signing up. Each casino tries to make their offers as appealing as possible to attract new players. In order to claim this offer, you need to choose a payment method and deposit the winnings into your casino account. A good deal of casinos offer a no wagering deposit bonus, that allows you to keep all the profit you make. This bonus has no wagering requirements attached and it usually comes in the form of a bonus fund.
     
  • No Wagering Free Spins. This is the most popular and beloved type of no wagering bonuses. These free spins either come as a no deposit bonus or offered next to a deposit bonus. Sometimes, these no wager free spins can be granted in a regular promotion by a casino. They usually come with a winning limit but not a rollover requirement.
     
  • Reload Bonuses. This type of no wagering bonus is usually for veteran players. You can only get this offer after you have made a second deposit to your account.

AVOIDING WAGERING REQUIREMENTS: TIPS AND TRICKS


One of the best ways to improve your overall online gambling experience while playing through a casino bonus is to keep away from wagering requirements, where applicable. Down below, we have listed 3 must do’s before starting your gambling journey:

  • Choose the right casino

When choosing a casino you should always go for the ones with positive reviews. Doing a little research first saves you time and money, because it will help you find licensed and trusted casinos, the ones you can be sure are operating legally. Heavily regulated casinos will not try to abuse the wage requirements or anything else. Always pick the best casino sites with no wagering requirements, in order to have an enriching experience!
 

  • Make the best out of the bonus offers

Many casinos offer no wagering free spins or other exciting bonuses to attract more players. Claiming these bonuses means you can withdraw all your winnings right away. Avoid casinos that require you to deposit money in order to withdraw winnings. 
 

  • Always read the terms and conditions section

We know it’s tedious and nobody likes to do it, but in this case, it will be for your own good. As previously mentioned, trustworthy casinos are very transparent and will always display on their websites everything a player should know. Customer support is also beneficial in order to find out relevant information. 

No Wagering Bonuses FAQ

What are wagering requirements?
The wagering requirements are the conditions a player must meet in order to withdraw any winnings obtained from the bonus deal. Usually, the player has to bet the bonus amount a specific number of times before being able to cash out. For example, if a bonus of $100 dollars comes with a 35x wagering requirement, this means the player has to bet a total of $3500 – $100 x 35, before being able to collect any cash.
Are wagering requirements a bad thing?
Wagering requirements are not necessarily a bad thing. Casinos need wagering requirements because they need to comply with anti-money laundering regulations. If online casinos didn’t have a wagering requirement, it would be easier for violations to take place. For instance, a criminal could steal money, deposit it in the casino account and withdraw it straight away, making it untraceable. But thanks to the wagering requirements, something like this would be impossible to happen.
What does a 10x, 20x or 30x wagering requirement mean?
The multipliers 10x, 20x, and 30x indicate the number of times players can play through a bonus, wager their bonus amounts or free spins winnings before being able to withdraw them. 10X wagering requirements and 20X wagering requirements are the most common ones. If you have a 10x wagering requirement, it means you must play through the bonus amount you received 10 times, before you can make a withdrawal. Free spins are unlikely to contribute towards a wagering requirement.