Naturally, whether you are an old hand or an enthusiastic novice, any gambler is in it to win it. And wing big, if possible!
And what can be better than winning cold, hard cash? Not much, right? Real money gambling can be an exhilarating experience which is why it has become a popular pursuit across the world. What’s more, the growth of easy to use online portals has meant that skilled gamers can play for real money anywhere in the world.
The prospect of winning actual money without the need to deposit any funds seems almost way too good to be true. It’s always good to be cautious with any offers, but the entire concept behind playing at casinos promoting no deposit bonuses is pretty easy to grasp. And we’re here to break it down in simple terms.
First things first. It is important to note that not all online casinos were made equal. So before jumping into the world of gambling, it is essential that players understand the concept of wagering requirements.
The wager is simply a synonym for the ‘bet’ you’d place when playing poker, bingo or the slots online. Most online casinos have some sort of wagering requirements attached, which is why it is important to read the small print to know where you stand.
For instance, some casinos operate with bonus money, whereby your winnings are paid out in bonus money rather than real money, which is kept in a separate wallet.
Due to the fact that bonus money can’t simply be withdrawn, players are required to meet certain wagering requirements before they can make any sort of withdrawal. In most cases, a wagering requirement will state the amount of money the player needs to bet in order to be allowed to make a cash withdrawal from the casino.
In such instances, your winnings are held in the form of bonus money until you meet the requirements. What’s more, if you are unable to meet these standings, your bonus money can never be converted into real money, and in essence, you are forfeiting your winnings.
As much as a gamer may try to avoid wagering requirements, it is easier said than done. While it is possible to forgo your bonuses entirely, this isn’t really recommended.
Sure, wagering requirements are restrictive, but casino bonuses can help double or triple your winnings. What’s more, once you start playing, you’ll find you often meet the requirements faster than you ever thought possible.
The alternative when it comes to avoiding these terms would be to claim a bonus with no wagering requirements whatsoever. These could include cashback features or finding an online casino that offers a wager-free welcome deal for new clients.
If you’ve found yourself a good ‘wager-free’ offer or a real money casino, it should do exactly as it says. Allow you to place your bets and claim cash winnings without having to meet wagering requirements.
The great thing about these types of offers is that they allow you to withdraw your winning right away.
There is a downside. However, as you might find, the prizes tend to be on the smaller side, or some casinos may ask that you make a deposit prior to taking advantage of the perks. The major advantage here is that your winnings will be paid out in real cash, and in many cases, the winnings can be withdrawn right away.
In short, online gambling has grown in popularity over recent years, and the pandemic also had a positive impact on the industry with more people looking to online casinos as a form of entertainment. The downside of this trend, however, is that the industry is now somewhat saturated, and online casinos have to find innovative ways to stay ahead of the competition.
Many of these online casinos have tried to attract clients by allowing them to ‘win real money. In contrast, the winnings may not be as lucrative as those on offer at casinos that implement wagering requirements. However, they do allow you to win real cash (as promised) and claim prizes without delay.
With that being said, this doesn’t mean you should rule our casinos with wagering requirements. You’ll often find that once you get into a game, it actually doesn’t take too long to meet the requirements in any case.
So whichever option you do choose, be sure to read the terms and conditions before signing up so that you know what to expect and can, therefore, simply enjoy the game and its rewards.