No wagering deposit bonuses are exactly what they sound like: deposit bonuses that don’t have any wagering requirements. They sound a little too good to be true, but they’re definitely real, and on this page, you can find the very best ones.
Still not sure what these bonuses are, how they work, or how you can maximise your returns when using them? Check out the following guide.
What is a No Wagering Deposit Bonus?
In simple terms, a wagering deposit bonus is either a bundle of free spins, free bets, or bonus credits that don’t have any wagering requirements.
A wagering requirement is a term that requires you to wager bonus funds or free spin/free bet winnings a specific number of times.
For instance, if you collect a £10 bonus with a 50x wagering requirement, you must wager £500. This forces you to keep turning the bonus funds over, which plays into the house edge and ensures the balance is firmly tipped in the gambling site’s favour.
Think of it in the context of a dice roll. You have 2 numbers and the casino has 4. If you take a few rolls and call it a best-of-3, you could easily win. But if that best-of-3 becomes a best-of-100, the odds will likely balance out and go against you.
No wagering deposit bonuses don’t have these requirements. But of course, gambling sites are not in the business of giving money away and they need to provide some balance, so there are some terms to consider.
How Can Gambling Sites Afford to Offer Wagering Deposit Bonuses?
To ensure that no wagering deposit bonuses remain viable, there are a few terms and conditions. These should always be checked before you sign up and opt in:
- Bonus Size: A matched deposit bonus with wagering requirements may go as high as £500 and the average is between £50 and £100. A wagering deposit bonus is usually fixed at a much smaller sum of around £5 to £20. The same is also true for free spin bonuses, in which case the value is usually equivalent to between £5 and £20 for all the spins.
- No Withdrawals: Just because these bonuses don’t have wagering requirements doesn’t mean that you can withdraw the funds straight away. The “no wagering” only applies to the winnings.
- Minimum Withdrawal: Even if you turn those free spins, free bets, and bonus credits into withdrawable funds, you’ll still have to meet the site’s minimal withdrawal amount. If this is fixed at £20 and you get a £5 bonus that you turn into £10, you’ll need to double up.
- Deposit Requirements: This is not a no deposit bonus, so a deposit is needed. That means meeting the minimum deposit requirement and using an accepted payment method.
- Activation Requirements: Some bonuses require you to enter promo codes, others are only activated when you contact customer support via email or live chat. If it’s a loyalty bonus, you’ll likely need to opt in before the bonus becomes valid.
Just remember, “no wagering” doesn’t mean “no terms and conditions”.
What Are the Steps to Collecting a No Wagering Deposit Bonus As a New Player?
Ready to collect a no wagering deposit bonus? You can collect these offers as both a new player and a loyal player. First, let’s focus on new player no wagering deposit bonuses:
Find the Right Casino
The first step is to find a casino that offers a no wagering deposit bonus and provides the sort of features that you’re looking for. Thankfully, we have done most of the work for you.
We have reviewed countless casinos, sportsbooks, bingo sites, and poker sites. These reviews have taken games, offers, welcome bonuses, loyalty promotions, security, fairness, and customer support into consideration.
After all, there’s more to an online casino than a no wagering deposit bonus.
Sign up and Verify Your Details
Once you’ve found the right site, it’s time to sign up and verify your details. This process should only take a couple of minutes, but you will need to be verified and that can prolong things.
Verification is required by the regulator, so there’s no way around this. Fortunately, it happens automatically, with the site running a soft credit check to confirm your details.
Providing you have a credit history and/or you’re on the electoral roll, the operator should be able to confirm your details. If there are any issues, however, you’ll be asked to send verification documents, including a photo ID and proof of address
This might happen if you don’t have much of a credit history or you entered your details incorrectly.
Check the Bonus Terms and Conditions
We discussed the bonus terms and conditions above, but as they can change significantly from one promotion to the next, it’s always worth checking these before you opt in.
Don’t just focus on the few lines of text included in the promotional materials. Look for a link to the full terms and conditions and read them through.
It’s not like an iTunes user agreement with pages and pages of block text. It’s just a page or two of bullet-pointed information, making it easier to find what you’re looking for.
If you’re looking for something specific, such as whether PayPal is accepted or not, just use the “find” function with CTRL + F (Windows) or CMD + F (Mac),
Make Your Deposit
After signing up and checking the terms, it’s time to make a deposit.
Use a method that actually qualifies you for the bonus and be sure to meet the minimum deposit requirement as well.
Collect Your Funds
The final step is to collect your no wagering deposit bonus and start putting those funds to use! These bonuses can typically be used across the entire site, whether that means placing bets on all possible sports and markets or playing all available casino games.
How to Collect a No Wagering Deposit Bonus as an Active Member
No wagering deposit bonuses aren’t just for new players. In fact, these bonuses are more commonly targeted toward active members. They are a reward for loyalty and as the player is already active and making regular deposits and wagers, the casino isn’t worried so much about giving them generous rewards.
Here are a few of the occasions in which you may be given no wagering deposit bonuses:
- Free Bets: If you are a member of a sportsbook, you may find free bets in your account on occasion. These bets must be wagered on specific odds (usually more than 1.50), but all winnings are instantly converted into cash.
- Loyalty Schemes: If you advance deep in a loyalty program or VIP club, you may be offered regular no wagering deposit bonuses. Loyalty bonuses are usually combined with cashback offers, free spins, and more.
- Cashback Bonuses: These promotions are commonly given to active members, including higher spenders. Sometimes they are given as cash that can be withdrawn, other times they are given as free bets and spins and it’s the winnings that can be withdrawn.
- Free Spins: Also known as wager-free spins, these spins are offered to active members just for logging in, making regular deposits, or playing certain games. They can also be used as part of a birthday bonus or a bonus themed around a specific holiday or event.
FAQs about No Wagering Deposit Bonuses
You can find them on all of the sites included in this guide. We have vetted and reviewed all of them, so if you need more information, be sure to check our reviews and take a deeper dive. If you’re ready to collect the bonus and start your journey, just click the link, sign up, and deposit.
They are usually much smaller than other common casino bonuses, with a typical value of between £5 and £20. As a result, they don’t always appeal to high rollers.
They are called no wagering deposit bonuses because there is absolutely no wagering required—simple! The fact that there is no wagering requirement means you don’t need to worry about converting the bonus funds into cash.
Yes…and no. Some sites exclude players who deposit using PayPal and other web wallets. Check the terms and conditions to see if this is the case. If you deposit using PayPal and it’s not accepted, you won’t get the bonus. The same is true for Skrill and Neteller. In fact, these are more commonly restricted than PayPal.
Yes, wager-fee spins are just free spins that don’t have any wagering requirements. These have many of the same terms and conditions mentioned above and are also offered to new players and active members.
