Everyone loves getting their hands on freebies such as no deposit bonuses. Players seize the opportunity to take advantage of free no deposit bonus offers when signing up to a new casino site. You might wonder how casinos can afford to give away free money. After all, casinos are in the online gambling industry to make a profit, not to give money away.
Enter the concept of wagering requirements. Also known as Playthroughs, they are a necessary evil that comes part and parcel with relatively every casino bonus. Wagering requirements are the number of times as stated by the casino that you need to wager your bonus before any winnings are released for withdrawal.
It does not mean that whatever you win, you won’t be able to withdraw it, but wagering requirements need to be given careful consideration as they can make or break a deal.
What are No Deposit Bonuses?
No deposit bonuses are free giveaways to new players who sign up for an account at a casino. Not every casino gives away this sign-up bonus, but some of them do. All you have to do to claim a no deposit bonus is to sign up for an account and your bonus will be credited to your account. There is absolutely no need to make a deposit, but if you do proceed to make one, you can also claim any welcome deposit bonus available at a casino. Click here for examples.
A no deposit bonus can come either in the shape of free spins no deposit or free bonus cash. Both of these offers give you the opportunity to play for free. Any money generated from these offers is subject to wagering requirements.
In the rare occasion that your no deposit bonus would be wager-free, it would be highlighted by the casino. You can learn more about any wagering requirements attached to your no deposit bonus in the terms and conditions.
What are Wagering Requirements?
Every casino bonus out there comes with strings attached. The wagering amount is the total amount of money you must wager in order to be able to withdraw your bonus and related winnings.
Let’s imagine you are receiving a $10 no deposit bonus with a wagering requirement of 5x. You would need to wager a total of $50 before any winnings generated during this time can be withdrawn.
The same applies to no deposit bonus offers. In most cases and subject to terms and conditions, you might also be asked to make a deposit, once you have met the playthroughs and to be able to cash out your winnings.
Knowing the value of your no deposit bonus and wagering requirements is key to knowing whether you stand a chance of being able to generate any cash winnings.
Of course, this is all part of the fun of playing at online casinos. There are plenty of promotions and bonuses up for grabs. Being aware of the playthroughs and going over thoroughly over the terms and conditions, should help make you a wiser and smart gambler.
Always remember to play responsibly and sign up to trustworthy casinos only.