The iGaming industry and bonuses are inseparable like water and soil. These bonus offers are similar to candies that seduce more and more players. Nonetheless, before being allowed to withdraw your bonus winnings, you must beat the complicated wagering requirements. Fortunately, when registering at bingo sites with no wagering requirements, there is no need to meet these difficult conditions. Today, the competition among online gaming operators is fierce, so to survive they must adopt No wagering bonuses to entice more and more players. If it is the first time you’ve heard this phrase, here are things to know about No Wagering bonuses.
What exactly is a No wagering bonus?
Let’s start with the simple explanations, a No wagering offer, as its name indicates, is a bonus granted to new and existing players to help them maximise their chance of winning. This reward does not require players to play through any wagering requirements before being allowed to make a bonus cash withdrawal. In fact, a wagering requirement or playthrough requirement, or rollover represents the number of times you have to bet your bonus before you are permitted to cash out your payouts. Since it is expressed as a multiplier, you need to wager many times the total sum of your deposit in order to withdraw your bonus and subsequent winnings. For example, in 35x playthrough requirements, you must bet the amount of your bonus 35 times otherwise you are not allowed to collect your gains.
Different types of No wagering offers
The good news is that you can claim different No wagering bonuses, each offering more opportunities to play your favourite games and collect interesting winnings. It is essential to understand which one best suits your play before you register at an online gaming site. Here are the common forms of bonuses that do not carry any wagering requirement.
– Free Spins
When you sign up in an online casino, you will receive a warm welcome through the free spins with no need to deposit. This type of bonus can be claimed when you choose to play some selected slots. Actually, you will receive extra spins without investing but can win real money. Moreover, some web-based casinos offer free spins during the bonus rounds. In that case, you will benefit from the largest number of free spins, enabling you to make as many winning combinations as possible.
– No deposit bonuses
After completing the registration process, you will usually be rewarded with a No deposit bonus or Sign up bonus. This means that you can claim immediately this offer once the signing up is approved. Previously, the bingo sites and other gaming sites offered free spins only as a Sign-up bonus. Fortunately, with fierce competition among the operators, you can easily find websites that come with real cash wager-free no deposit bonuses.
– No wagering deposit bonus
Imagine you receive a significant sum of money as a bonus after making your first deposit! This can be more interesting because this bonus is attached with no wagering requirements. Reputed under the name of No wagering deposit bonus, this perk only requires you to open an account, and then make a deposit. Some well-known casinos and gambling sites adopt the policy to grant this bonus type to their newcomers. With this generous reward, you are able to keep any gains you make with no need to invest.
– Wager-free cashback bonus
You won’t believe how generous some gambling sites are! Apart from the types of No deposit bonuses mentioned above, you can also win back a small percentage of your loss through a No wagering cashback offer. In effect, a Cashback bonus is a percentage of your deposit that the gambling operators offer back to you when you experience losses over a period of time. This unique opportunity that refunds you a portion of your bankroll losses enables you to lengthen your gameplay without beating the wagering requirements. The amount returned to you depends on how much you’ve lost.
When you claim a bonus linked with the playthrough requirements, you should keep in mind that you have to spend a significant amount of money to convert your free bonus to real money. Wagering means fulfilling a certain amount of money that you bet so you will play through the real cash bonus you receive. Over the last few years, the No wagering bonuses have become popular in the iGaming industry so it is impossible not to see these offers on the top sites. You can claim different types of wager-free bonuses but before accepting them, it is crucial to understand the gaming website’s terms and conditions.