#2. Wager As Little As Possible – Cash Out As Much As You Can!
Wagering requirements and cash out limits are two bonus terms that make or break a no deposit bonus.
Basically, you should look for the lowest possible wagering requirements and the highest cash out limits.
If you’re not familiar with these terms, don’t fret – we’ll explain them both and quickly get you up to speed.
Wagering Requirements Explained
Wagering requirements specify how many times you must play through your bonus to convert it to real money you can withdraw.
The higher a wagering requirement is, the harder it becomes to covert the bonus to cold cash.
Let’s compare two casinos to illustrate this point:
We’ve explained how wagering requirements apply to no deposit bonus credits, but what about free spins?
Well, when you claim free spins, the wagering requirement is applied to your first free spin win.
So, if you claim 25 free spins on Lucky Clover at Woo Casino and win $10, your win is converted to real cash when you’ve staked $400.
This is because Woo Casino’s applies a 40x wagering requirement to its no deposit offer.
Top Tip
Read our article about wagering requirements for an even more detailed explanation of how bonus wagering works.
Cash-Out Limits Explained
Once you’ve wagered your bonus, you may think that you’ll be laughing all the way to the bank.
Well, unfortunately, it’s not quite that simple. No deposit bonuses have win limits restricting how much of your bonus winnings you can cash out.
These limits can range from $10 to $200 – and if you’re not aware of them beforehand, you might be gravely disappointed when it’s time to cash out that bonus win you’ve wagered so diligently!