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United Kingdom (EN) What Are the Ideal Bonus Terms & Conditions for Players?
A no deposit bonus is not a free gift that you can cash out and take home from an online casino. You have to think about it as a form of store credit – you can only spend the bonus money inside the casino.
The main objective of a no deposit bonus is to give you a free sample of real gambling at an online casino. But gambling, as you very well know, involves winning money. If you win any cash using the bonus, you can withdraw it.
However, there is a catch – you need a bit of luck on your side as well as the “right kind” of bonus terms & conditions. Pick your no deposit bonuses well and you may get paid by these online casinos for free!
On this page, you will learn all about the no deposit bonus terms that make all the difference in the world between an “okay” no deposit bonus and a “great” no deposit bonus.
Casino Bonus Wagering Requirements
The wagering requirement is the most important factor that decides if a casino bonus is good for the player or not. Unfortunately, it is also one of the least understood bonus rules among new players.
What is a wagering requirement?
A wagering requirement ensures that players can only use a bonus for its original purpose –play slots/games for free at the casino. It prevents you from immediately withdrawing bonus money from the casino after claiming.
And if you win any cash while playing with no deposit bonus cash or free spins, the wagering requirement also decreases your chances of withdrawing your winnings.
If many players manage to win and withdraw winnings with bonuses, the casino would suffer losses and maybe even go bankrupt. The wagering requirement makes it so that only a few players get paid from a bonus win.
Deposit Bonus wagering requirement example
Here is a quick example of a deposit bonus to explain how a wagering requirement does all this:
- Deposit amount – $10
- Bonus amount on 100% match bonus – $10
- Bonus Wagering Requirement – 30x on deposit + bonus
- Total wagering target value – 30 x (10 + 10) = $600
In the above example, if you win any money with the bonus, it will be kept locked by the casino cashier system. Before you can make a lawful withdrawal request, you have to use the existing balance in your casino wallet to place bets worth $600.
The wagering requirement is achieved when the cumulative value of all your bets hits the target amount, which is $600 in the example. In many instances, you will simply run out of money before you get close to that target.
On the other hand, if you have luck on your side and hit a couple of good wins during wagering, you may reach the target. At that point, all your funds are unlocked for a withdrawal request. You may withdraw your winnings, subject to any additionalbonus rules like a max cashout limit.
What makes a wagering requirement “good” or “fair”?
If two casino bonuses are identical in every aspect except for the wagering requirement, the better bonus is the one with a lower wagering requirement. For instance, if one bonus has a 20x wagering requirement while its identical twin has a 40x wagering requirement, the 20x one is better.
By “better” we mean it will be easier for you to hit the wagering target if the multiplier is lower.
Comparing Different Wagering Requirements
Here is a quick comparison to explain how this works out:
- Deposit amount = $100
- Bonus cash = $100
- If wagering requirement is 40x deposit+bonus, the wagering target = 40 x (100 + 100) = $8000
- If wagering requirement is 20x deposit+bonus, the wagering target = 20 x (100 + 100) = $4000
If you have the same amount of deposit and bonus cash across the two examples, you will have a much better chance of hitting the 20x wagering limit bonus.
But in real-life situations, you don’t find such identical bonuses. In most instances, there will be differences in other areas as well. However, as a general rule of thumb, a lower wagering requirement below 30x is good, while anything above 60x is bad if you want to win real money.
At the end of the day, there is no harm inclaiming a no deposit bonus with 60x wagering, as you don’t lose anything by claiming the bonus. But if you are claiming a match deposit bonus, you should focus on low wagering bonuses as your cash is also on the line.
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Understanding Game Contributions for Wagering Requirements
When using bonus funds or free spins, you can only play a select number of games and slots specified by the casino. Likewise, you also have to pay attention to the type of games you play to complete your wagering requirement.
Online casinos have a tiered list for different game categories and their contributions to your wagering target. You will not get the same impact on your target when playing different types of games.
Here is a sample list of the way different game categories contribute to wagering requirements at online casinos:
- Slots = 100%
- Table games = 20%
- Video poker = 10%
- Blackjack & Roulette = 5%
- Live Dealer = 0%
The system is quite easy to understand. For every $100 you bet on available slots, an equal amount of $100 will be added to your wagering progress. But if you bet $100 on table games, it will only reflect as $20 on your progress meter. And if you played live dealer games, there will be no impact at all.
The key takeaway about wagering contributions is this – if you want maximum returns on each dollar bet, place all your bets on slots. You will have quick progress towards your wagering requirement.
Why do casinos do this? Well, the lower-ranked games like blackjack and roulette have a much higher chance of players wins. This increases the risk of players hitting the wagering target and getting paid. So, casinos use this rule to further stack the odds against the player.
Bonus Expiry and Wagering Requirements
Many players don’t know that wagering requirements also have deadlines/expiry dates, just like bonuses. If you fail to fulfill the wagering requirements before the deadline, you will lose all your bonus winnings!
The deadline here is identical to the expiry date & time for the bonus used. For example, a no deposit bonus usually expires 24 hours after it is claimed. The wagering requirement associated with the bonus also has the same deadline.
If you think you cannot fulfill a bonus wagering requirement within its validity period, DO NOT claim the bonus. All your effort will come to naught and your time will be wasted.
Don’t forget the time aspect when picking offers worth hundreds of dollars. The wagering target on such offers tends to go into tens of thousands of dollars! It will take you quite some time to reach it.
Deposit Bonus Vs No Deposit Bonus
- You have to make a cash deposit to claim the bonus.
- The bonus amount is usually decided by the deposit size, as a percentage of it.
- The wagering requirement is the multiple of the deposit + bonus amount.
- The bonus can be claimed multiple times at the casino.
- Wagering requirements are on the lower side at most casinos, averaging 30x.
- The maximum bonus cash awarded can go as high as $5000 or more, depending on the deposit size and bonus percentage.
- You only have to register at the casino as a new player to claim the bonus.
- The bonus amount is usually predetermined by the casino.
- The wagering requirement is the multiple of the bonus amount (or winnings if it is a free spin bonus).
- The bonus is only available as a one-time offer when you join the casino.
- Wagering requirements tend to be higher at most casinos, averaging close to 60x.
- The maximum bonus cash rarely exceeds $100.
Redeemable Bonus vs Non-Redeemable Bonus
- You can withdraw the bonus amount along with your winnings after completing the wagering requirements.
- The bonus amount will be transferred to your bank account.
- This is also called a “non-sticky” bonus.
- The bonus will usually be a small amount, with relatively larger wagering requirements.
- Redeemable bonuses are better for players – pick one whenever you have the chance.
- You will not be allowed to withdraw the original bonus amount once you complete the wagering requirement.
- The bonus amount will stay at the casino and get voided.
- This is also called a “sticky” bonus.
- The bonus could be larger, with relatively lower wagering requirements when compared to a redeemable bonus.
- Non-redeemable bonuses are preferred by casinos as the bonus money does not leave the casino.
Conclusion
There is no such thing as a perfect bonus for all players. All casino bonuses have their pros and cons. The suitability of a bonus is largely decided by the player’s requirements, budget, and personal preferences. Bonus terms and conditions like wagering requirements play a huge role here. Always read the terms and conditions and try to pick a bonus that suits your needs best.
