What Are The Consequences Of High Wagering Requirements?

New No Wagering Casino Bonuses

The online gambling world is growing and evolving all of the time and new casinos are launched on an almost daily basis. As casinos compete, they try to attract members with bigger and bigger bonuses. However, on occasion these bonuses, which can appear to be extremely generous, have high wagering requirements that are designed to make it very hard for players to withdraw their winnings. In a hurry? Find the best instant withdrawal casinos .

Luckily, there is growing awareness of this amongst players and casinos are being forced to change their tactics. This has led to an increase in the number of casinos offering a wager free bonus, and as the competition to attract players has not diminished, many of these are great offers.

Here at Casinopedia we make sure to stay up to date with all of the latest bonuses available and will bring you full details of the best of them, including those with a no wagering bonus. Be sure to check back regularly to make sure casino offers that you are not missing out.

What Are Low Wagering Requirements?

Every operator will vary in terms of what they provide to a new player, and you may find that an offer lies in the middle of no wagering casino bonuses and promotions which are subject to wagering requirements. It’s often the case that you will find a casino which either offers a bonus – with high wagering requirements – or no bonus, with zero wagering requirements. You can get the best of both worlds with low wagering requirements, as a standard bonus such as free spins or a deposit match can still be gained – but you can cash out much sooner.

One of the reasons it’s advisable to look for a no wagering casino is that high wagering requirements can lead to dangerous playing circumstances. If a bonus looks incredibly generous, this is usually because poor terms and conditions are attached to it. So if you are offered a 200% bonus up to $/€500, it may appear to be great to deposit $/€250 and then have $/€750 in your account to play with. However, the terms and conditions may specify that you must play through the deal within days before it expires, and if there is at least a 10x wagering requirement, this means you’d have to make bets totalling $/€7500 within this small time frame. If a new player starts off their experience in the world of gambling by scrambling to pay thousands in bets within just a few days, it’s more likely they will become prone to irresponsible gambling behaviour.

What Kinds Of Bonuses Are There At No Wagering Casinos?

Free spins – A player is most likely to find this kind of welcome bonus at an online casino. This promotion will either be capped or uncapped. If you have a capped free spins bonus, this means there will be a limit on how much you can win. While it’s rare to find uncapped spins, they can be found on particular slot sites if you look hard enough. Fewer spins may be offered, but the upside is that more money can be won as the total winnings aren’t subject to a limit.

Free spins bonuses have been around for a long time, but traditionally they have come with fairly high wagering requirements. Typically, you will have to wager your winnings from the free spins many times over before you can withdraw them. If you are lucky on the slot machines and land a top payout of 10,000x or even more, this could mean that you have to wager thousands of pounds before being able to access your winnings, because it isn’t a no wagering slots machine.