The main part of the terms and conditions that players have to pay attention to is the wagering requirements. These wagering requirements also vary with different no deposit bonus live casino bonuses and must be considered before accepting a no deposit casino bonus.
No Deposit Bonus Wagering Requirements
The wagering requirements are actually a multiple of the casino bonus that a player should wager in real money before they can withdraw their winnings. It is critical to understand how it works before accepting the deal.
A no deposit bonus is a reward given without requiring a player to load any money into their account. It is most often given to new players who sign up in an online casino.
The wagering requirements are the multiplier that indicates the total times you can play any casino games before getting approval to withdraw your winnings.
For instance, if you get a $10 bonus with 10X wagering requirements, you must spend $100 of your own money on wagers before you can withdraw any winnings you get from playing using the bonus.
Usually, good wagering requirements are below 20x, while bad wagering requirements can go from 35x up to 99x.
What is the Purpose of the Wagering Requirements at casino bonuses?
It is a legal requirement aimed at curbing fraudulent transactions such as money laundering. Therefore, when loyal players use bonuses and make cash deposits more than expected, live casino sites will require them to achieve a wagering requirement before allowing cash withdrawal.
However, wagering requirements vary with different live casino games. Some have a smaller percentage compared to others. For instance, roulette games contribute less wagering requirement percentage in comparison to slot games.
What Does No Wagering Mean?
A wager means placing a bet on any online casino game such as:
- Slot Machines
- Video Poker
- Progressive Slot Machine
After claiming a bonus from the online casino, you receive bonus cash instead of online casino real money. For instance, if the casino gives you free spins, free chips, or free cash, any winnings you get after using them are paid as bonus money.
It means you cannot withdraw bonus money till you can complete the wagering requirement. Therefore, the bonus cash remains in a different wallet and remains attached to a wagering requirement.
Wagering requirements can be hard to complete making it challenging to withdraw real money. No wagering requirement means that free bonuses or free spins that you receive do not have bonus requirements attached to them. A player keeps all the funds won.
You can withdraw real cash at any time without any conditions. Although online casinos with no wagering requirement are few, they are becoming popular. There are no terms and conditions on casinos that offer no wagering bonuses!
There can also be withdrawals or betting limits with the specific casino, so players must check these before signing up for any no deposit casino bonuses. Also, careful with no deposit free spins, since they often have much higher wagering requirements than for example a signup bonus or cashback bonuses.
Time Limits for No Deposit Bonus
If the players don’t meet the wagering requirement before a specified time limit, the offer expires and all winnings are forfeited. This is how no deposit bonuses work, and it is the game that players have to play in order to win the free money.