One of the most common drawbacks of most online casino bonuses is the wagering requirements. They can be tough to complete and can lessen the amount of bonus money you turn into real money. But some casino bonuses now offer no wager free spins and casino bonuses with low or no wagering requirements.
What could be better than 100 free spins with no wagering requirements!? Read on to understand how free spins with no wagering works. We will also go through wagering requirements, and how to get the most out of a no-wager bonus.
What is a Casino Bonus?
A casino bonus is an offer of bonus money or free spins by online casinos as a way to reward continued play or as part of a welcome package for new players. Casino bonuses can come in many forms, and casinos will try to outdo each other to compete for new players. This is perfect for new players as they will be spoilt for choice when choosing which casino bonus to aim for. With so many unique casino bonuses available to Canadian players, it's a good idea to keep tabs on all the different bonus types such as a match bonus or free spins.
Free Spins
Since the inception of the online casino, the free spins bonus has been the bread and butter of the online casino bonus arsenal. You can't go a week at an online casino without seeing free spins promoted somewhere on casino sites in Canada. In fact, the best casino sites will offer multiple free spin bonuses on a weekly basis.
Free spins are exactly that - a free spin of the reel at selected slot casino games. You might have seen one of these advertised already, such as 77 free spins on 'Book of Dead' or 50 free spins on 1st deposit. Free spins can be included in a welcome bonus or as a bonus for current players in the best casino sites.
Deposit Bonus
Regularly seen as a welcome bonus, the deposit bonus is a reward of bonus money by a casino for depositing funds at the online casino. A deposit bonus may be a specific amount for making a minimum deposit or it may also be a match bonus, in which the online casino matches your deposit. For example, a match deposit might look like: 100% welcome bonus up to $500.
Some online casinos will even offer free spins with a deposit bonus to make the welcome package all the more exciting - 200% match bonus up to $600 + 100 free spins sounds pretty enticing, right?
Reload Bonus
Reload bonuses are offered to current players who have already exhausted a welcome bonus. Players shouldn't be punished for not being a brand-new customers anymore, so casinos like to offer rewards for continued play. This is most commonly done by providing bonus money when players deposit again.
The reload bonus is usually part of a multi-deposit process whereby players are rewarded for consecutive deposits. A reload match bonus would look much like the following: Reload bonus up to $1000 - 200% first deposit up to $500, a 50% 2nd deposit bonus up to $150, another 50% deposit bonus up to $150, a 25% final deposit bonus up to $200. The total max bonus amount possible being $1000.
Now online casinos are not in the business of simply giving away free money - and that is understandable after all. So, when a casino bonus is offered, it usually has a series of terms and conditions that include what is known as wagering requirements. So, what are wagering requirements?
A wagering requirement is a set of rules that must be met and completed before any bonus money, offered by the online casino, can be considered real money. The wager, in wager requirement, is the number of times bonuses must be wagered. This will typically be written in the terms and conditions as follows: wagering requirement of 15x - meaning the bonus amount must be wagered a total of 15x to be completed.
Wagering Requirements - Explained
So, if we were to take a deposit bonus of $500 from a $200 deposit, and a wagering requirement of 15x, the wagering requirement would be calculated like this Bonus amount $500 x 15 (wager) = $7,500. That means the bonus must be wagered to a total of $7,500 before any bonus money is considered real money.
Often the initial deposit amount will be included in the wagering requirement. So, the math would be as follows Bonus amount $500 + $200 deposit x 15 (wager) = $10,500. Failure to meet the wagering requirements will result in a forfeit of bonus funds, and any bonus winnings would also be lost.
Not all casino games can be wagered equally, though. Another condition of the wagering requirement is the Game Weighting. Game weighting is a percentage amount to denote how much of a wager amount goes towards completing the requirement.
Typically, slot games are weighted at 100%, meaning that a $10 wager would knock $10 off the wagering requirement. However, live table games are usually weighted at around 10%. So a $10 wager in live table blackjack would only count as $1.00. Therefore, some games are better for completing wagering requirements than others.
Casino bonuses with no wagering requirements are often advertised as 'keep what you win' casino bonuses. This is because a no wagering bonus is essentially free money. Imagine a casino bonus of 125 free spins for 'Book of Dead' with no wagering. Any winnings from the 125 free spins would be instantly considered real money, and you would be free to make a withdrawal.
A no wager bonus is any casino bonus offer with no wagering requirements included in the conditions of the bonus. You can keep what you win with these casino bonuses, and it is undoubtedly one of the most exciting bonuses for new players.
Free Spins No Wagering
The vast majority of no wager bonuses will be in the form of free spins with no wagering. They may be referred to as zero wager free spins, free spins no wagering, or wager free spins. Sometimes a no-wager free spins bonus may even be a no deposit free spins too.
For example, imagine 80 free spins no wagering in 'Book of Dead'. Most no-wager free spins are part of a welcome package but may also be provided as part of an online casino's regular round of promotions. Any free spins winnings from this bonus are considered to be real money and yours to keep!
Now the holy grail of the free spins bonus is a no deposit no wager free spins bonus - the ultimate in free spins bonuses. Usually, offered to current players or to customers who have opted-in for the VIP program - The no deposit no wager free spins is the proper free spins bonus.
Deposit Bonuses with No Wagering
While not the most common no wagering casino bonus, sometimes lucky customers may be able to pick up a deposit with no wagering bonus. This could be part of a welcome package where there is no wagering on the first deposit or sometimes as part of a reload bonus where multiple deposits are required.
For example, a deposit bonus might look like a 100% no wager bonus up to $200. Players claiming this bonus could net a bonus of $200 with a deposit of $200 and would not have to wager any of it.
Most welcome bonuses with no wagering requirement will be a first deposit bonus, and the number of bonus funds you receive will be based upon your deposit amount. You will find most welcome bonuses with no wagering have a low maximum deposit amount when compared to that of regular first deposit welcome bonuses.
What Are Low Wagering Casino Bonuses?
It's understandable that not every online casino will want to offer a no-wager casino bonus. However, some will come close with low wagering free spins and deposit bonuses. Most online casino bonuses have wagering requirements of between 25x to 30x. Anything above 35x is considered to be very high. Thanks to increased pressure for online casino fairness and transparency, many casinos with low wagering requirements offer bonuses that only need to be wagered between 5x to 15x. The other added perk of a low wagering requirement is that only the bonus amount is usually considered in the wager equation. The difference is quite overwhelming. Imagine a first deposit bonus up to $200. An online casino with a wagering requirement of 35x would mean the player would need to wager a total of $7,000. But think of low wagering casinos offering only a 10x wager requirement - that same $200 would only need to be wagered to a total of $2,000. That's a massive difference!
Low wagering casino bonuses are not a casino's favourite deposit bonus or free spins to offer. However, if you keep your eyes peeled and know precisely where to look, you can undoubtedly find a casino bonus without too much wagering needed. Our tip is to look for an online casino that has a tremendous online slots focus, such as Playojo Casino. Low wagering bonuses have a tendency to be offered as free spins, and slot casinos offer more free spins bonuses than any other casino.
Why Choose a Low or No Wagering Casino Bonus?
There are certainly plenty of reasons to choose casinos with low wagering or no wagering requirements at all. Every kind of player can find something of benefit in a casino offering free spins with no wagering requirements and no wager deposits. To make sure new players are comfortable chasing a no wagering or low wagering requirement bonus, we have identified some of the most significant benefits.
Winning Chances
The math on this one is quite obvious. The less your bonus money has to be wagered, the higher your chances of retaining it as real money winnings. It is going to be a lot easier to wager $500 10x than it is to wager 35x. The more times you have to wager a bonus amount, the more opportunities to lose that bonus money.
Perfect for Low Budgets
A casino without wagering requirements or low wagering requirements is perfect for those with lower bankrolls or purely social players. Casual players don't want to put so much effort into retaining a casino bonus, and the best no wagering casinos offer the perfect bonuses for these kinds of players. Casinos with low to no wagering requirements mean smaller deposits - great when you don't have the expansive funds of a high roller.
Free Play
Think about a no deposit no wager free spins for a moment - that casino bonus would give you free money to play at live casino games and free spins at selected slot games. Where low wagering requirements bonuses are concerned, any winnings from your free play will be free to withdraw too! That means any winnings from a no wagering bonus of 100 free spins will be yours to keep.
Limitations of No Wager Bonuses and Low Wagering Casino Bonuses
Casinos without wagering requirements still have some limitations on your bonus money. Casinos aren't going to just give you large sums of money and expect to not see any of it. Low wagering casinos will be sure to have a few limitations too.
Maximum Payouts - A no wagering bonus will typically have a lower max win amount than a normal casino bonus. Since the amount doesn't have to be wagered as much, it does make sense for the casino to try and limit your winning potential. You can certainly see some tidy profit, but just don't expect to walk away with a suitcase full of cash!
High Maximum Withdrawals - It's not just a max win limit that no wagering casinos will impose on their bonuses. The minimum withdrawal amounts at sites with no wagering bonuses also tend to have higher withdrawal amounts. This means players will need to continue wagering a bit more to build up enough bankroll to make a withdrawal.
Smaller casino bonuses - It only makes sense that a no wagering bonus will be offered with a smaller bonus amount than a bonus with a wagering requirement. But considering the minimum deposit will also be much lower, it isn't a bad trade-off really.
Advantages and Disadvantages of No Wagering Bonuses
While the old saying goes, you can never have too much of a good thing, there are always both good and bad points about any casino bonus. You may stare at any number of no wagering bonuses and wonder whether it is a good idea. It's actually quite wise to ponder over those 200 free spins on 'Book of Dead'. So, before you leap into those no wagering bonus 100 free spins, have a look at these pros and cons.
Advantages
Keep what you win - With no wagering requirements to meet, any winnings from bonus play, including free spin winnings, are instantly considered real money. That means you can withdraw it as soon as you like - so long as you have enough to withdraw.
Free Play - Bonuses with no wagering requirements are the ultimate form of free play. It means you get to play some casino games for free. The fact that you get to keep any winnings is a fantastic perk!
The best casinos only - The best no wagering casinos are more often than not some of the best casinos in Canada. No wager bonuses aren't overly common, so only the very best online casinos are offering such bonuses.
More Bonuses - No wagering requirement and low wagering bonuses are completed much faster than a regular bonus. That means you can move on to the next bonus in a much shorter time frame. Grab a 50 free spins no wager bonus, play it through, and be ready to grab the next exciting casino bonus!
Disadvantages
Must Deposit - You won't find many no deposit wager free bonuses too often. That's because most wager-free bonuses will require a deposit. Not the worst thing in the world, but it does mean if you want to jump on a surprise no wagering requirement bonus, you'll have to make a deposit.
Capped Winnings - Since casino sites can't have players making too much money from their generosity, no wagering bonuses usually have a low max win amount. So, while you'll definitely be able to keep your winnings, you will be restricted on how much you can actually keep.
Weaker bonus - No wagering requirement bonuses are typically smaller than casino bonuses with wagering requirements. If you were to compare to fee spins bonuses online, you'd find most 10 free spins and 20 free spins bonuses have no wagering requirements, while 80 free spins and 200 free spins most certainly will.
Not very common - Casinos without wagering requirements are not super common. Most casinos are not no wagering online casinos, so you won't be able to take advantage of no wager bonuses too often.
Tips to Get the Most Out of a No Wager Free Spins
You've seen a fabulous 25 free spins with no wagering requirements, and you want to get the most out of every last spin. Whilst there is no guaranteed way to win on any one free spin, there are certainly some ways to increase your chances of maximizing your potential rewards at online casinos.
The right games - Look for a no wagering requirement free spins bonus that offers the most amount of slot casino games. 10 free spins in 5 different slots are going to give you more options than 10 free spins on 'Book of Dead' alone.
Consult the Terms and Conditions - There may be no wagering requirements on a 50 free spins bonus, but there will still be certain limitations. Make sure the wager-free bonus will suit your needs. Look for a high max win and a good time limit so you can play at your own pace.
Payment methods - Make sure your preferred payment method is accepted for the no wagering free spins bonus. You'd hate to get your heart set on a particular free spins bonus and then find out you'll need to get a different payment method.
Have fun - Above all else, gamble responsibly and have fun. It's a free bonus after all!
How to Keep Wins from a Low Wager Requirement Bonus
When you can't claim a bonus with no wagering requirements, you'll have to go to the next best thing - casinos with low wagering requirements. A low wagering requirement means players have less chance of losing their bonus money than if they were to play with a higher wagering requirement. It's simple math - the fewer times you have to wager, the fewer chances of losing.
Since players will surely want to capitalize on the perks of a low wager bonus, there are some ways to increase your chances of retaining bonus money.
Stick with the slots - Game weighting is still a part of low wagering requirement bonuses, so even 10x wagering will take forever with a low percentage game like live casino table games. Most low wagering requirement bonuses will still weigh slots at 100%, meaning a $2 wager is worth $2 against the requirement.
Low Volatility is your friend - While you won't need to try and play through your wagering requirement as fast as other bonuses, the wager limit may still be relatively low. This means you'll still want to try and win as often as possible to maintain your bonus money amount. Medium to low volatility slots will reduce your risk by potentially providing smaller but more often wins.
RTP for the win - The best way to get some more wins with your low wagering requirement bonus money is with a high Return to Player (RTP) slot. Most casinos with low wagering requirements won't let you play the highest RTP slots to complete the bonus, so you'll have to get the best you can.
Put it all together - Find a slot with the perfect combination of low volatility and high RTP to best increase your odds of taking home as much as you can from a low wagering requirement casino bonus.
It only takes a little bit of pre-planning to turn low wagering requirement deposit bonuses or low wagering free spins into a tidy profit.
No Wagering Casino Canada - Final Thoughts
There certainly is no better way to walk away with free rewards than with a no wagering requirements bonus from online casinos in Canada. Free spins without wagering allow players to try and win real money from exciting slot games, while a deposit no wager bonus offers the ultimate in free rewards. A welcome deposit free spins bonus with no wagering requirements is a great way to kick start your time at a Canadian online casino.
Understanding the minor terms and conditions of a no wagering requirement casino bonus will give you the best possible chance of making a profit from a casino's generosity. And when a no wager free spins or deposit no wager bonus is too hard to find, there are plenty of casinos with low wagering requirements that are the next best thing.
Casino bonus no wager - FAQ
What does 'No Wager' Actually Mean?
The phrase 'No Wager' refers to the lack of wagering requirement attached to a casino bonus and no need to playthrough. For example, an 80 free spins no wagering bonus would mean any winnings resulting from your free spins bonus is instantly considered to be real money. That means you can withdraw the winnings straight away - so long as you meet the minimum withdrawal amount.
Can I Win Real Money from No Wagering Free Spins?
That's exactly the draw of a no wagering free spins bonus. If you claimed 25 free spins with no wagering requirements, any winnings from those 25 free spins would be considered real money that you can withdraw. Some no-wager-free spins are no deposit-free spins too.
What Conditions Are There on Free Spins No Wagering Bonuses?
While you won't have to wager any of your free spins winnings from no wagering bonuses, there are a couple of notable conditions. There will usually be a low max win limit set, so your free spins winnings will be capped. There is still a time limit on using the free spins no wagering bonus also.
Can I Get Free Spins No Deposit No Wagering Bonuses?
Yes, you certainly can! This kind of free spins bonus is considered the holy grail of free spins and can even be offered as welcome bonuses by some online casinos. Claiming one of these free spins no deposit bonuses is easy. Simply register at the online casino and you'll either instantly receive the free spins or receive them upon the use of a bonus code.
What Are the Best Slot Games for No Wagering Requirement Free Spins?
First of all, most free spins no wagering bonuses won't offer too much choice in what slot games you can play them in. However, the best slots will be any casino game that matches your play style and is going to provide the most enjoyment. It doesn't hurt to see if the offered slot games for your free spins no wagering bonus have a high RTP too.