If you are new to the online gambling world, you might have heard various terms thrown around. Be it a match deposit bonus, wagering requirements, no deposit bonuses or free spins. What does it all mean?
Just to be clear, no casino bonus is free, even if the casino may state so. No deposit bonuses can be claimed for free, but even they cannot be withdrawn and are tied down to specific terms and conditions, namely a little pestering factor know as the wagering requirement.
Today, we will explain in detail how wagering requirements affect the value of nodeposit bonuses.
What are no deposit bonuses?
Before we dive into the topic of wagering requirements, you need to better understand what no deposit bonuses are.
No deposit bonuses are bonuses that are mostly given to players who register for an account. This bonus is usually free and allows players to test out a new casino before making a deposit.
No deposit bonuses can also be supplied to players as a thank you for their loyalty. This type of bonus can either be supplied as a number of free spins on a slot game or else, as a lump sum of bonus cash which can be spent on any games.
Whatever you win from these no deposit bonuses, is not yours to withdraw, unless that is the no deposit bonus is wager-free.
Like all bonuses, no deposit bonuses come with terms and conditions attached and one important term is the wagering requirement. There is no need to fly into Las Vegas to take advantage of a good deal.
What are wagering requirements?
Wagering requirements entail the number of times you would have to wager a bonus before it is converted from bonus cash into withdrawable real money.
Wagering requirements vary from one casino to another and between one bonus to another. They can start from as little as 5x going all the way up to 200x. The rule of thumb is that a good no deposit bonus has wagering from 30x to 60x, with 30x being the industry-standard.
It is important that you look for a no deposit bonus that is either wager-free or has the lowest possible wagering requirement, especially if you are looking to walk away with some real money.
However, bear in mind that even though, no deposit bonuses don’t cost you a cent, they still have a value attached to them. If you don’t want to go through a barrage of online casinos signing up for no deposit bonuses, it is best that you learn to see the value of these bonuses, by looking specifically at wagering requirements or game contributions.
If you are looking to claim a no deposit bonus, you are in luck. There are many reputable and established online casinos that offer a no deposit bonus as a welcome. Just remember to look at the fine print before signing up.