There is a new trend in online gambling called no wagering online casinos which have zero or very low wagering requirements. If you are someone looking for a casino with zero wagering requirements or low wagering requirements, you have come to the right place! Thanks to our team of expert reviewers and analysts – all seasoned industry veterans – we are able to provide you not only with information about these casinos but also list out the best of the lot for players from Australia and New Zealand.
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No wagering casinos are online and mobile casinos that come with no wagering requirements – or minimal wagering requirements – on the bonuses they offer. The advantage for the players is obvious – you don’t have to spend too much money in fulfilling the usually tenuous wagering requirements. For the casino, it is a great way to exponentially increase their player base and make a profit even without putting up high wagering requirements.
Casinos offer the no wagering option on welcome bonuses to new players as incentive to sign up. Some casinos offer this option on bonuses for their existing players. This is offered as appreciation for the player’s loyalty. The option could be offered on reload bonuses, deposit bonuses or free spins.
The bonuses at online casinos are usually generous enough to get a player to sign up and be a member. But for the casino, there is always the fear of incurring loss by handing out these generous bonuses and having players use them to score big or even moderate wins. There is also the fear of players exploiting these bonuses, something that was a reality a few years back. The wagering requirements kick in to counter that threat. A wagering requirement of 30x to 40x the bonus amount – some casinos apply it to the deposit as well – has so far been seen as a reasonable condition by players.
However, players do complain about the wagering requirements. Player complaints can be bad for business, especially given that online watchdogs and regulatory bodies keep strict vigil to ensure players are treated fairly. One of the worst things that can happen for an online casino is for one of these bodies to intervene to resolve player disputes and end up blacklisting it.
One way of ensuring none of these things happen is for a casino to tone down on the wagering requirements, or even remove it completely. The casino, of course, has other mechanisms in place to safeguard its interests and bottomline. Not all bonuses would be wagering requirement-free, for instance. The casino could give this offer on one or a couple of bonuses and use that to advertise itself as a player-friendly casino. It is good strategy, and works for everyone.
Not all bonuses are offered as no wagering bonuses. Quite a few casinos nowadays offer the welcome bonus as a no wagering bonus. That is the surest way of getting a player interested, given that it is the first bonus that he will get to use when he signs up for real money play.
The three types of no wagering bonuses that online casinos are beginning to offer their players nowadays are:
No Wagering Deposit Match Bonuses
A number of online casinos are now offering no wagering deposit match bonuses. These can be welcome bonuses that come with zero wagering requirements or very low wagering requirements. The advantage is for both the player and the casino. The player gets to start off his casino adventure by using a bonus that he doesn’t have to spend much on to redeem winnings from. The casino can look forward to more and more players signing up with it.
No Wagering Free Spins
Some casinos offer the no wagering option on deposit free spins. These are free spins that casinos offer when you make a deposit into your casino account. They can be offered in combination with match bonuses as part of the welcome package, or separately as bonuses for existing players to use. The difference is that these have zero wagering requirements or wagering requirements that are very low.
No Wagering No Deposit Bonuses
The no deposit bonus is a popular bonus, but not all casinos offer it. Now there are casinos that offer no deposit bonuses with a no wagering tag. Not too many casinos offer this bonus option, however. One casino that does offer this is BGO casino. This casino offers its UK players a no deposit bonus of 10 free spins, and this offer doesn’t come with a wagering requirement. You find this bonus being offered to Canadian players as well.
Not too many casinos offer this option to players from Australia and New Zealand. For them the options available, and not too many of them, are the casinos with no wagering match deposit bonuses and free spins.
Some have another kind of no wagering offer for their players. They do not offer no deposit bonuses, match bonuses or free spins. Instead they offer cashback bonuses. Players get a certain percentage of funds as a cashback bonus for making deposits and playing. The cashback bonus may be either on the amount deposited through the day or any such defined and specific time period or on losses incurred over a specific period of time. A good example of such a casino is No Bonus Casino.
Not all online casinos are keen to offer the zero wagering requirement option. The middle path that some casinos adopt is to offer bonuses with low or minimal wagering requirements.
These casinos are gaining popularity because for players it is easy to sign up with a casino that offers a welcome bonus with a 20x or 25x wagering requirement – even 30x – compared to one that has a 40x or 50x wagering requirement.
All no wagering and low wagering casino bonuses have their terms and conditions attached. The standard terms and conditions all apply. The difference is in the wagering requirements: the numbers are lower or zero compared to the bonuses at other casinos.
One way the casino safeguards its interests while offering the no wagering bonuses is by requiring players using this bonus to make a deposit when it comes to redeeming winnings from these bonuses. You will have the maximum withdrawal limit clause in place usually if it is a no deposit bonus.
The answer is apparent in the term itself. The term ‘no wagering’ means the bonus doesn’t come with a wagering requirement.
At most casinos, you will need to fulfil the wagering requirements to be able to withdraw winnings from a bonus; this stipulation is not there in a no wagering casino. This is a big step ahead because bonuses usually come with wagering requirements to ensure players do not misuse the bonus and also have you paying for what you want to redeem.
A wagering requirement is a mechanism that casinos adopt to ensure that players are not able to misuse the bonus provided and also to ensure a profit despite having to pay out winnings. The wagering requirements need you to wager your bonus amount a specified number of times to be able to redeem your winnings. At some casinos the wagering requirement or rollover is not just on the bonus amount; it covers the bonus amount as well.
A 40x wagering requirement on the bonus amount means you will need to wager an equivalent of 40 times the bonus amount you got to be able to cash out winnings from this bonus.
Assume that a casino offered a 100% match bonus up to €/£/$200 with a 40x wagering requirement on the bonus. If you won a €/£/$200 bonus you would need to wager €/£/$8000 (€/£/$200 x 40) to be able to redeem winnings from it. And if the wagering requirement was for the bonus and deposit amount and you deposited €/£/$200, you would need to wager €/£/$16,000 [(200+200) x 40] to be able to redeem your winnings from this bonus.
Casinos attach wagering requirements to their bonuses to ensure players do not misuse them and also to prevent losses because of the bonuses they offer.
However, for a player this can seem unfair since he would need to spend more to redeem less: nobody would like to wager €/£/$8000 to redeem a €/£/150 win, for instance and they have the option to lodge a complaint about a casino if they feel they are being given a raw deal.
Also, regulatory bodies and watchdogs from the industry keep a strict eye on casino practices and provide players the chance to complain about anything they don’t like about the casino. To ensure compliance with requirements laid down by these bodies and provide fair gaming opportunities, nowadays there are a few casinos that offer no wagering bonuses.