Are Zero Wagering Casino Bonuses Bogus? (Read This Guide to Find Out!)

We’ve often said that whenever anything seems too good to be true, there’s a good chance it isn’t – and this thought couldn’t help but cross our minds when we were first introduced to the zero-wagering casino concept. Now if you’ve ever played at an online casino before you’ll immediately realize that this is actually a big deal – how lucky is that?

The short answer is, no they’re not bogus, not at all. If they were, casinos wouldn’t be promoting them because they’d lose their credibility and customers’ trust. However, they don’t come without certain restrictions. But this is what this guide’s about: we’ll be giving you a practical overview of the pros and cons of such bonuses, then it’s up to you to decide whether you’d like to use them. Oh! And if you do decide to go for them, there are plenty up for grabs courtesy of BonusMonitor.ca.

What’s a Zero-Wagering Casino?

Before we get all caught up in casino jargon, it’s important to really understand what we’re talking about here. In a nutshell, a zero-wagering casino is one that offers new players the chance to claim a welcome bonus that doesn’t include any wagering requirements most of the time.

A no wagering bonus, on the other hand, is one that doesn’t include any restrictive requirements; however, this doesn’t necessarily mean that all the bonuses issued by the zero-wagering casino are wager-free. See where we’re going with this?

Wagering Explained

Once we’ve got that out of the way, it might also be worthwhile going over the basics when it comes to wagering just to make sure we’re all on the same page. Many times, casinos will dish out wads of cash straight to your bankroll in the form of bonus funds, but there’s a certain process you’re going to have to go through to convert those into real funds available for withdrawal, and that’s wagering.

Let’s say you’ve just claimed a $30 bonus that comes with a relatively standard 30x wagering requirement. In this case you’re going to need to play (or wager!) 30 x 30 = $900 before proceeding any further. By eliminating these requirements, you’re technically able to walk away with any winnings right away with no further obligations required.

What Are Zero-Wagering Bonuses?

Once you’ve found a no wagering casino that suits your requirements, learning more about the potential no wagering bonuses available will help you make a more informed choice should you decide to sign up. Here are some of the most popular options out there.

1. No Deposit Bonus

No wagering deposit bonuses are the meteorite diamonds of the bonus world. In this case the casino will transfer a direct cash deposit to your account which you’re able to play or withdraw. This type of bonus also includes no wagering free spins bundles the casino might share with its players from time to time.

2. Deposit Bonus

Just as you’d imagine, zero-wagering deposit bonuses are linked to the next financial transaction with the casino. In this case, the casino will match a predefined percentage of your next deposit with a bonus you’re not required to wager. Once again, this promotion could also include no wagering free spins bundles.

3. Cashback Bonus

The way cashbacks work is that the casino agrees to return a percentage of your weekly losses in the form of a bonus at the end of the week. In the case of zero-wagering cashback bonuses, this amount is returned to your account as real money which you’re able to play or withdraw as long as you meet the casino’s payment requirements.

4. Welcome Bonus

Welcome bonuses are typically larger in value than any other promotion at a casino, and that’s mainly because their main aim is to attract new players to the casino. In general, a no wagering welcome bonus usually includes a deposit or no deposit bonus as well as a free spins bundle.

Are No Wagering Casinos Worth the Hype?

At face value, zero-wagering casinos seem to be the perfect deal, but of course, nothing comes without its disadvantages. Firstly, there are a number of other restrictions imposed by the online casinos weaved into the T&Cs that might not normally feature in a standard wagering bonus for example. There might also be restrictions on the types of games you’re able to use your bonus money on, and there will almost (always) be a capped max win, because at the end of the day there’s only a certain amount of risk an online casino can take for it to still make sense. You’re also going to want to take a look at the value of the spin if free spins are offered, because if you’re offered 100 free spins at 1c each, that’s still a single pound, euro or dollar in total.

Key Learning Points

In summary, zero-wagering casinos are generally received with phenomenal marketing appeal however they aren’t always what they present themselves to be. By learning what to look out for while browsing the T&Cs you’ll be able to make an informed decision before committing to anything. Having said so, no wagering bonuses and casinos are a great way to get something back for free and display a certain level of trust and transparency from the casino’s side which is always something we like to see.