No Wagering Bonuses - What's The Catch?
Nowadays, gambling has a lot to offer in terms of betting options and bonuses. Today, we will explore the definition and particularities of no wagering bonuses.
Online gambling opportunities
Online casinos offer the same services as physical ones and many more, providing a wider range of game options. You can play Roulette, Slots, Poker, Blackjack, and many other games and variations of classic games.
Users have more freedom when making options
Players get to decide when they play and how much they bet, depending on their schedule, budget and the sum of money they’re willing to spend on this activity.
Currently, most online casinos are adapted to numerous devices specially designed to fit any platform. Hence, there is a wide range of mobile casinos and online casino apps available on the market at the moment.
Incentives may be the most convenient aspect
Most online casinos offer different bonuses to stand out among countless gambling websites. The promotions allow users to spend more time playing and getting used to the features of games and the options available on a specific website.
Among the numerous incentives online casinos offer, the most common are free spins and no deposit bonuses. However, although they are rare, the no wagering bonuses offered by casinos are by far the most sought-after type of offer.
What are no wagering bonuses?
No wagering bonuses are a type of promotion offered by online websites that don’t require players to complete any rollover rules before being able to withdraw their winnings.
In order to better understand the concept of no wagering, it is essential to know what wagering means.
Wagering in bonus offers
Wagering bonuses require you to play a given amount a specific number of times before withdrawing any earnings you may have gained.
A player receives a £50 bonus with a 5x wagering requirement. In this case, they’ll have to wager 5 times the given amount before withdrawing any sum they have acquired due to that bonus. Therefore, the player will have to wager a minimum of £250 before withdrawing.
Once you understand what wagering means, the concept of no wagering bonuses should be easy to grasp.
When a player gets a no-wagering bonus, they can withdraw any amount they earn using the given bonus at any time. They won’t have to pay the amount 3 times, 4 times, or 50 times to be able to withdraw their bonus funds.
Why do casinos offer them?
You may wonder why casinos offer such promotions. Indeed, they represent a high cost for online casinos and come with increased risk factors.
Such bonuses can imply risks for casinos, requiring a significant investment. Without thoughtful planning, this move could have unpleasant financial consequences for the company.
They could also be a danger to customers if they choose to play in unlicensed casinos. That’s why it is vital for British players to only place their wagers on UKGC fully licensed and regulated websites.
Although the offers provided by unlicensed casinos may seem legit at first glance, such websites are always a scam, so users will only lose funds on these platforms.
Reasons for casinos to offer no wagering bonuses
- To attract players
- To build brand loyalty
- To obtain consent for marketing communications
No wagering bonuses help casinos advertise to players
Customers are the key to any thriving business, and online casinos are no exception. Each company wishes to attract players their way, and bonuses like this are a wise way to encourage potential customers to try out a new website.
Such bonuses aid online casinos in building brand loyalty
A brand is not just a name. It is a feeling, an association of a name with specific qualities and values. Also, an online casino doesn’t only aim to gain new players but also to motivate already existing players to keep returning to their platforms.
Hence, casino owners know that promoting their brand, engaging with their customers, and making them want to return to gamble more in the future is essential.
Bonuses without wagering make players more likely to consent to newsletter announcements
Marketing communications are, in fact, harmless when they comply with local and international regulations. Still, most people refuse to receive notifications and marketing announcements because they’re afraid of receiving spam and getting unwanted SMS or emails daily.
Brands must interact with their regular users and inform them about promotions, new products, and new regulations implemented. Hence, offering no wagering bonuses is a good way for online casino brands to give customers fair reasons to consent to marketing-inclined notifications.
Worthy marketing campaigns are helpful for gamblers as well
When a casino offers rare and highly sought-after incentives, users are more inclined to consent to receive marketing announcements and notifications since they know that future notices can interest them.
Such bonuses, therefore, also help casinos since they obtain permission from users to email them with news and promotional offers.
Do many casinos offer no wagering bonuses?
Unfortunately, it can be a hassle to find reputable casinos in the UK that offer no wagering offers, mainly because only some brands have the financial power to take that risk.
No wagering bonuses are a good way for casinos to help users play for longer, as the bonuses and earnings resulting from those promotions don’t have to be wagered.
Therefore, although online casinos offer a wide range of incentives, no-wagering promotions are by far the most sought-after.
When playing on these casino bonuses, always remember to budget wisely and use responsible gambling tools at your discretion to have a pleasant time wagering without risking developing a betting problem.
It’s essential to avoid unlicensed casinos and online casino websites that do not comply with security protocols, such as data encryption.
When you play only with licenced and safe top online casinos UK, you stay away from malware, spyware, and many other scams or phishing techniques.
Do you find no wagering bonuses useful?
Do you think they are worthy of being the most sought-after type of casino incentive? Let us know all your thoughts in the comment section below!