Bonuses and promotions come in many different forms. Among the vast bonus landscape, there are two bonuses which are more than likely to draw attention: the no deposit bonus and the no wagering bonus.
Today, we will compare these two popular bonuses and give our take on which one offers better value.
No Deposit Bonus
The no deposit bonus is certainly an enticing name. Most commonly it is offered to new players and the value of it is usually in the range of £10 – £20.
However, whilst you receive a bonus just for registering at the casino, that is not quite the full picture.
As with the majority of bonuses and promotions, particularly for new players, the no deposit bonuses will almost certainly be subjected to certain wagering requirements.
What this means in plain terms is that you won’t be able to simply withdraw no deposit bonus winnings, as you would with regular casino winnings.
You ought to look at the full terms and conditions of the no deposit bonus before you scurry towards registering at the casino. Indeed, you might be in for a nasty surprise.
Important Terms and Conditions of No Deposit Bonuses
The wagering requirements vary depending on the particular no deposit bonus, but you can expect them to be around the 50x mark.
So, for instance, if you are entitled to a £10 no deposit bonus and there are wagering requirements of 50x, you will need to play through £10 x 50 = £500 before any winnings can be withdrawn. Quite a lot, right?
Also, different games contribute different amounts towards the wagering requirements:
- Slots will contribute from 100%-80%
- Table games will typically contribute from 20% to 0%
- Instant games are usually not eligible to be applied toward wagering requirements
You can also be sure that any winnings from the free spins will be capped too, which means you won’t be walking away with a significant amount of money.
Ordinarily, there will be a time limit imposed on the no deposit bonus. Players must play through the wagering requirements within this time period to withdraw any winnings they have made through the bonus. Otherwise, all winnings and the bonus itself is withdrawn.
- Often given as part of a welcome bonus
- No deposit needed
- No deposit bonuses come with wagering requirements and different games contribute different amounts towards those wagering requirements
- Maximum winnings are capped
- Wagering requirements must be played through within a certain time period in order for players to withdraw winnings from the no deposit bonus
No Wagering Bonus
The no wagering bonus is a promotion which, just like the no deposit bonus, is most commonly offered to new players.
The key distinction between the no wagering bonus and the no deposit bonus is clear in the name itself: a no wagering bonus means just that – no wagering required.
This bonus requires you to deposit, unlike the no deposit bonus. Once you’ve made that deposit, the bonus will be applied to your account.
The no wagering bonus often takes the form of free spins, but a simple cash reward is not unheard of. Typically, with a free spins no wagering bonus, players will receive a free spin for every pound they deposit up to a certain amount.
Important Terms and Conditions of No Wagering Bonuses
There are certain things to be aware of with no wagering bonuses. Firstly, the value of the free spins or bet will, in all likelihood, be capped at the minimum amount.
Also, your winnings could be capped, and there might be a certain time period in which your bonus money must be used before it is withdrawn.
Still, the great thing about the no wagering bonus is that you shouldn’t find any sneaky hidden terms and conditions. What you win with the bonus is yours, no questions asked, and no wagering requirements needed.
- Often given as part of a welcome bonus
- A deposit is needed
- No wagering requirements
- The value of a bet or free spin is usually capped at the minimum
- Maximum winnings from the bonus might be capped
- Might be a time period in which the bonus money must be used
Which is Better?
In our opinion, the no wagering bonus BEATS the no deposit bonus. Whilst you do need to deposit with the no wagering bonus, the fact that you can withdraw your winnings without fulfilling wagering requirements is the winning factor.
The bottom line is that even if you don’t need to deposit to trigger the no deposit bonus, due to the wagering requirements, you still need to deposit to actually get your hands on some money.
That being said, both the no wagering bonus and the no deposit bonus are excellent bonuses, offering fantastic value to new and seasoned players alike.