Best No Wagering Bonus Codes For October 2023
What is a Wagering Requirement?
With the vast majority of online casinos out there, whenever you sign up and claim a bonus, you'll have to adhere to the terms and conditions that accompany them. Essentially, a wagering requirement is an amount that players need to wager or playthrough before the casino will allow you to withdraw any funds that have come as a result of using the bonus.
The concept is fairly simple. The casino will set an amount, for example, let’s say 20x your deposit amount. This means that should you deposit $100, you will need to wager at least $2000 before you can withdraw winnings.
You'll usually see this type of offer when looking at the homepage, it should look like this:
Why Do Casinos Have Wagering Bonuses
The reason for this is quite simple. To minimize their losses, which will inevitably come from affording players such lucrative bonuses, the casino needs to make sure that they can recoup at least some of these losses. This is exactly why they have these requirements in place.
For instance, if a player received these bonus funds, they could easily just withdraw their bonus funds without the need to make any wagers. Therefore, instead of accumulating money from the wagers being placed to fulfill these rules, players will just cash out instantly.
You don't need to be a mathematician to realise that should every player do this, the casino will surely run into the red in no time at all. This is the reason why there’s the need for them to implement these rules to not lose too much money.
If you're still not convinced as to why casinos operate in this fashion, let’s put it into layman's terms. Should a player win a jackpot without any wagering requirements, players would be reaping the benefits of having free spins or free credit without the need to satisfy any requirements. If you are even slightly aware of the number of players who register massive jackpot wins daily, you will understand why casinos have these rules in place.
What Does No Wagering Mean
So, as you may have already gathered, wagering requirements can be a little bit of a pain in the rear end, so to speak. This is the exact reason why no wagering casinos have become such a big hit with players.
Instead of having to abide by the wagering requirements, which as we've already discovered, are sometimes out of this world, and let’s be honest, unreachable in many cases. Now, you’re able to withdraw your funds whenever you feel like it.
With No Wagering Casinos, it’s more than obvious that their main focus is to please the player. They operate in a more player-focused manner, unlike a large number of online casinos these days, which are just there to take your money with no actual reward. No Wagering Casinos have allowed players to get a little extra for their membership. This is a clear sign of a great casino in our opinion and also the reason why wagering casinos are so sought after.
Free Spins At No Wagering Casinos
If you come across free spins at a No Wagering Casino, you've literally struck gold. You should seriously just jump on that offer as it is something you will hardly ever see.
Free spins will often come as an add-on when making your first deposit. The number of free spins you'll be given is dependent on the casino, this will vary from just a few to hundreds in some cases.
As you're already aware, should you get the free spins at a No Wagering Casino, you will not have to satisfy any playthrough requirements to claim your winnings. This is not always the case and it can be quite tough trying to find a casino that offers no wagering.
The reason players always try and look for a casino that offers free spins is because free spins equal free money.
15 Free Spins on Book of Mystake
The Difference between No Deposit Bonus & No Wagering Requirements
They may seem similar at first, however, they are quite different. The no deposit bonus is when the casino does not require players to deposit to qualify for the bonus. You're likely to see this offer when you're first joining a casino, however, many do offer weekly or monthly promotions which allow players to claim a no deposit bonus. This may seem great, but you will still need to fulfill the wagering requirements. This is one reason why no wagering bonuses are superior to no deposit bonuses.
The no wagering requirement means that although you will need to make an initial deposit to qualify for this type of bonus, you won't need to meet any pesky requirements before you'll be permitted to withdraw any winnings. They truly are exceptionally lucrative, hence their popularity with players.
What Are Low Wagering Bonus Casinos
Low wagering bonus casino bonuses are not as sought after or as good as a no wagering bonus, but they still give players the chance to get their hands on some awesome winnings. Unlike the no wagering bonus, low wagering bonuses will have a wagering requirement that you'll need to fulfill. Don't let that dishearten you though as the requirements are usually fairly low. This may not seem like such a big deal, but believe us it is. When compared to a high wagering requirement, it is likely that you will not meet the terms and conditions and therefore, the bonus will usually turn out to be a waste of your time as well as your money.
Do some research before joining a casino and read the terms and conditions. It may seem like a painstaking process, but it will be to your benefit in the long run. Finding a low wagering requirement casino ensures you'll be able to meet the requirements which means you'll actually be able to withdraw your winnings without having to wager massive amounts of real money first.
Terms & Conditions
The terms and conditions of a bonus are extremely important and should never be overlooked. These will often determine whether or not the casino is user friendly in terms of how fair their requirements are.
Although wagering requirements are extremely important with regards to how achievable they are, time frames with which to reach these goals is also a crucial factor. The longer you have to satisfy the requirements, the more likely it is that you will reach the goals and be able to withdraw your winnings.
Another crucial element is without a doubt the max cashout rule. This may seem a tad trivial, however, it plays a major role when making use of a no wagering requirement bonus. Casinos apply these maximum cashout limits on their bonuses to ensure players are not able to win jackpots or massive amounts. This is to ensure they are not losing out on too much money. The amount you'll be able to withdraw after using the bonus funds will vary depending on where you're playing. This is more important than you think, so make sure you're aware of this before accepting any bonuses.
Low & No Wagering Casinos Around The World
Players from all corners of the world will be able to enjoy the benefits of playing at a Low Wagering Casino as they are now available internationally. By offering low wagering terms, more players will be attracted to the casino. Yes, the casino will have to pay out a significantly larger portion than most, but the mere fact that so many more players will be attracted to your casino somewhat outweighs the negative aspect of things.
It may be a bit of a task to find a no wagering casino, but finding a low wagering one is far easier. Although it’s certainly not as lucrative, you'll still be far more likely to win and actually be able to withdraw your winnings.