As a fan of sports and betting, chances are you have scoured the internet for the most rewarding offers to give you the best chance of winning some money.
In most situations, no-wagering offers tend to be the most rewarding bonuses you will find. Although they are more commonly found in the online casino world, sports betting advocates can enjoy them in the form of free bets.
Throughout this post, we will take a closer look at what wagering requirements are and the type of no-wagering offers that are available to you.
Understanding Wagering Requirements
Wagering requirements are one bonus condition that everyone would happily see disappear. However, the chances of this happening are, unfortunately, incredibly low. So, the best way to deal with wagering requirements is to make sure you fully understand what they entail.
This bonus condition is simple to understand, as it is a multiplier that a bookmaker or casino operator will apply to a bonus that stipulates how many times that specific bonus must be wagered before any winnings can be withdrawn.
Wagering requirements are more typically found applied by casino operators than that by sports betting sites, and more often, they tend to be a lot higher.
For example, a standard casino bonus may offer a 100% deposit bonus worth up to $100, but in the small print, you could find wagering requirements from 30x to 100x – sometimes even higher. This means the $100 bonus would need to be played through up to 100 times before you can withdraw any money.
A sports-tailored bonus will often require the bettor to place their wager on a betting option that meets a minimum odds requirement when on a sports betting platform. In other cases, you may be offered the chance to claim free spins as part of your sports bet to use on their slots, and in this case, there will be wagering requirements attached – albeit they tend to be far lower.
Are Free Bets & No Wagering Offers The Same?
When discussing free bets, more often than not, we are talking about sports betting offers. The type of bonus that is awarded to customers for either their loyalty and/or as part of a welcome offer. No wagering offers is a term more commonly used in the online casino industry, as wagering requirements can be found attached to the majority of available bonuses.
However, you can now find a growing selection of no-wagering slot sites that are beginning to emerge that have no wagering requirements attached to their available bonuses.
Free bets can be considered a type of no-wagering offer, as in most scenarios, any winnings you create with a free bet can often be withdrawn immediately. However, it is always worth checking the bonus terms and conditions to find out for sure.
No wagering offers are not limited to just free bets and, in fact, extend across a variety of available bonuses, which we take a look at below.
Different Types Of No Wagering Offers
As previously mentioned, no wagering offers can come in a variety of styles and forms, with free bets being one of them for sports bettors. However, if you want to take advantage of a greater range of no-wagering bonuses, you will need to know what types are available.
No-Wagering Free Spins
Free spin offers are a common bonus available at both casinos and sports betting sites that often can have zero wagering requirements attached. While free spins can not be directly used on sports bets, many sports betting platforms have slot games where these can be used. Free spins bonuses can be used on specific slot titles, and the bettor will be able to claim any winnings without having to wager them.
No-Wagering Deposit Bonus
Deposit bonuses are available at almost all online casinos and can often be found as part of a welcome offer on sports betting sites. You may have come across these that offer a set amount of free bets for a small initial deposit. Once you have made the initial deposit and placed a bet that meets the stipulated requirements, the free bets can be found available in your account.
For those that claim a casino deposit bonus, their initial deposit will be matched by a percentage, and they will receive bonus money to spend on select slots and casino games.
No-Wagering Cashback Bonus
Another popular no-wagering offer that can be found in both the sports betting and casino world is cashback bonuses or money-back bonuses. Cashback is a sum of money that is awarded back to customers over a certain amount of time or for a specific bet. In some cases, a percentage of your deposits or losses are collected by the operator and are awarded back to you at the end of the week.
Although cashback bonuses can have wagering requirements attached, various slot sites and sports betting platforms have no wagering cashback offers available.
In Conclusion
To summarize, wagering requirements are an incredibly common and unforgiving bonus condition that can be found attached to almost every offer you find. However, there are sports betting platforms and slot sites available that offer no-wagering promotions for their customers. With a little bit of determination and internet browsing, you can take advantage of a wide range of no-wagering offers.
