No Wagering Bonus in Canada: A Breath of Fresh Air
Whenever players claim an online bonus in Canada or any other country around the world, they have to look into the wagering requirements. In fact, we emphasize wagering across all of our bonus guides.
But on this page, something magic is about to happen. We have no wagering bonuses in Canada. There’s no way to deny that these are very rare but we have gathered the best of them for you.
On this page, we’re going to start with what wagering requirements are and why casinos have them in the first place. Then, we’re going to explain how no wagering bonuses are different. Let’s go.
What is Wagering Requirement?
In simple words, the wagering requirement is a multiplier that indicates how much you have to spend before you can withdraw an online bonus. Every online casino bonus as well as sports betting bonus comes with a wagering requirement.
For example, a 40x wagering requirement means you have to “playthrough” the bonus you get 40 times before it’s eligible for withdrawal. For a C$100 bonus, the wagering would amount to C$4,000!
You must complete the process within a given time frame and you can’t bet over a certain value too.
Now, all of these sound unfair to the player. But it’s often a regulatory requirement for the safety and sustainability of the casino’s operations. If a bonus was not tied with a wagering requirement, you would just sign up, claim the bonus, and leave. In the process, the casino operator is not making any profits.
Regulators consider it “bonus abuse” and it’s considered one of the biggest tools for illegal casinos to launder money. They can write the black money off as losses.
So, you might be wondering, why and how do we have no wagering bonuses in Canada if it’s illegal. Well, we never said anything about these bonuses being illegal. As long as the casino operator is licensed and complies with the existing law, it can offer no wagering bonuses to the paying customers.
What is a No Wagering Bonus in Canada?
Now that you know what exactly wagering requirements are, you should be able to guess what a no wagering bonus is. It’s a casino reward you can cash out right away without spending anything from your account!
The key here is that there might not be any wagering requirements but you’re still restricted by other terms. You can only withdraw the bonus when you comply with those terms. Overall, no wagering bonuses are faster and easier to claim.
Why Do Casinos Offer A No Wager Online Bonus?
If you haven’t caught on from our discussion so far, the wagering requirement process is somewhat mandatory for casino operators to remain in business. The concept was introduced way back in the 90s when online gambling was first becoming a thing.
As time went by, players started to despise the wagering process. Plenty of corporate affiliate platforms are packed with customer complaints regarding high wagering requirements and unfair bonus termination.
As a result, lots of online operators became blacklisted on the biggest platforms and it resulted in a decline in the number of active players. The use of the wagering requirement was supposed to keep players coming back in the first place.
So, when the snake started to eat its own tail, some operators decided to snap out of it and offer no wagering bonuses. They’ve surely implemented better security features and innovative terms to stop bonus abuse.
Different Types of No Wagering Bonuses in Canada
You should be familiar with the pattern by now. Whenever we take on a type of bonus in Canada, we break it down into all the possible types. This is our way of making the concept more understandable for our readers.
Let’s just do that.
If you get the bonus right after you complete the registration process, it’s considered a registration bonus. These are also known as sign up bonuses. Technically, they can get away with being no deposit bonuses too as you’re not depositing any real money to get them.
The catch is that you won’t be able to withdraw a no wagering bonus right away upon registration. You’ll first need to deposit real money, claim a deposit bonus, and wager it. In the meantime, the no wagering bonus you scored will wait peacefully in your account. Once you’re done wagering your deposit bonus, you can withdraw both at once.
Welcome bonuses are extremely common across online casinos as well as online betting sites. Even if the operator doesn’t offer any other bonuses, it’ll most likely offer a welcome bonus. The same is true for no wagering bonus.
A welcome bonus can very well be a no wagering bonus in Canada. In most cases, you’ll need to deposit real money first to activate these bonuses. Then, you may have to spend a fixed amount on the games before you can withdraw this reward.
If every other bonus type can be no wagering, why can’t free spins? Only this time, you’ll be able to withdraw only the winnings you generate from the free spins. All the other terms also remain the same as regular free spins bonuses. From time to time, you may need to enter a code to activate a no wagering free spins campaign.
Cashbacks are by default no wagering bonuses. It’s the only bonus type that operators are happy to let go of without asking too much from the players. It’s simply because cashbacks are offered on real money losses. So, the operator is ultimately giving a portion of your own money back. Imposing wagering requirements on a cashback is a surefire way to get on the blacklist of Canadian players.
Reload bonuses can also qualify as a no wagering bonus. In most cases, the bonus amount is lower than regular reload bonuses you can claim in the country. These bonuses are offered when you “reload” your account, as in when you deposit real money after a break.
The “break” bit may not apply to all operators because we’ve encountered daily, weekly, and monthly reload bonuses too.
How to Claim a No Wagering Bonus?
Compared to other online bonuses you may get in Canada, claiming a no wagering bonus might be tricky. As the casino is giving you the bonus without massive monetary commitments, it’s normal for the claiming process to have a few additional steps.
- Choose your bonus from our list. These are the best no wagering bonuses our experts could scour in the country. If you want to go on your own adventures, make sure you’re reading the T&C before committing to one.
- If you haven’t already, register an account. All casino bonuses in Canada are only reserved for registered players. It’s mandatory that you provide actual data that you can verify in the KYC process. No withdrawal comes through without KYC verification.
- If there’s a bonus code you need to enter, make sure you’re entering the correct one. Incorrect tries may result in disqualification from the reward altogether. If no bonus codes are necessary, look into the minimum deposit requirement and deposit using the appropriate payment methods.
- Use the bonus according to the terms and conditions section of the website to make it eligible for withdrawal. As these are no wagering bonuses, the terms will be a little different than regular bonuses.
Terms and Conditions for No Wagering Bonuses
As we hinted at the beginning of this guide, you still need to abide by a set of rules to release the bonus for withdrawal. What are they, you ask? Let’s answer.
Minimum Deposit Requirements
Even when you get a no deposit no wagering bonus, there will be a minimum deposit requirement. It’s the other bonus that you may need to claim in the process. Once you find the minimum deposit, transfer it to your casino account using a valid payment method, registered in your name.
You can always go over the minimum deposit requirement and never under. If it’s a 100% match on your first deposit, the casino will match the exact amount. If that’s the case, try to deposit as much as possible because you’re essentially doubling your bankroll.
This is one of the crucial terms for a no wagering bonus. You’ll almost always be restricted in terms of what games you can play with the reward. The list should be present in the T&C section of that particular bonus. From what we’ve seen, you’re most likely to get a list of slots.
Not all payment methods are suitable for a no wagering bonus. It might be the case for other bonuses too. In our experience, e-wallets like Skrill and Neteller are often excluded from bonus eligibility. If that’s the case, you should find clear instructions in the T&C section.
Maximum Cashout Potential
The maximum bonus amount or the maximum amount you can cash out from a no wagering bonus is capped at a lower value when compared to other bonuses. It’s simply because the casino has more to lose than the players. Whatever the value is, you’ll find it mentioned in the T&C.
Depending on what online casino in Canada you’re going for, you can secure anywhere between C$10 to C$100 from a no wager bonus.
Similar to all other bonuses, no wagering bonuses are valid for a fixed period. If you don’t use the bonus within that time, it’ll disappear from your account. Casino operators don’t take expired bonuses lightly so if that happens, you have to say bye to it forever.
What is a zero wagering bonus?
Zero wagering bonuses and no wagering bonuses essentially have the same meaning. It means the wagering requirement is set at 0x.
Do no wagering bonuses offer any advantages?
Of course, they do. First of all, you’re spending thousands of dollars from your account to convert a few hundred into a bonus. Also, you can quickly cash out without waiting for days or months before the wagering is complete.
What is the wagering requirement?
The wagering requirement is a regulatory restriction from casino operators where you need to spend a certain amount before you can withdraw a bonus. It’s most commonly represented as a multiplier.
What kind of no wager bonuses are there?
All kinds of bonuses you can think of can qualify as a no wager bonus. We mean deposit bonuses, free spins, cashbacks, reload bonuses, and whatnot.
What is a pre wager bonus?
A pre wager bonus simply refers to the funds that are in your bonus account. They’ll be transferred to your real money account after the wagering is complete, as in “post wager”.