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No wagering requirement bonus

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Many bettors in the US are on a constant hunt for the best betting offers available, and a no wagering requirement bonus is certainly one of them. But how do they work, and what should you look out for? Keep reading for more information in this comprehensive guide.

What is a no wagering requirement bonus?

A no wagering requirement bonus allows players to withdraw their winnings from a betting bonus straight away, without having to meet any wagering requirements. A wagering requirement is the number of times you need to bet a bonus amount to withdraw winnings made from it.

For example, if an online sportsbook gives you bonus cash of $20 with a 5x wagering requirement, you need to bet $100 to receive your bonus winnings. Fortunately, some companies have gone out of their way to allow punters to receive their winnings without going through this process. This is referred to as no wagering requirements bonuses. It is at times called zero wagering requirement.

How to claim a no wagering requirement bonus

In order to claim a no wagering requirement bonus, you’ll need to follow a few steps. Follow the guide below in order to start:

  1. Compare betting sites that offer no wagering requirement bonuses – The wagering requirement factor is being introduced by several operators. As a result, it can be challenging to choose one. However, you can make your work easier by comparing a few betting sites to find one with the best deal. Undoubtedly, you want to work with a site that offers a decent bonus amount. In a no wagering requirement casino, look for one with valuable free spins. It will be best to narrow it down to about two or three sites.
  2. Check if the betting site is legit – Now that you have spotted a few sites with no wagering bonuses, it’s time to check if they are legit. The first thing to look out for is the license. When a company is licensed, they follow strict guidelines to guarantee safety and credibility A licensed and regulated operator will always include this information on their website’s homepage, preferably at the bottom. Not only will they include the regulatory body, but also the license number and their physical addresses. You should be concerned if you have a hard time finding this information. Besides the license, also check the security measures taken by the company to protect customers. Under the “Security” or Terms and Conditions” section, a company will give in-depth information about the tools they employ to keep details and activities confidential. They will also list the security threats that can lead to a client’s account closure. Moreover, legit and reputable companies are always in partnership with other companies. Thus, always check this information on the site. It will also help to research the awards won by your chosen sites However, this doesn’t mean that you should overlook legit startup companies. After this research, you should have settled for one site.
  3. Join and fill in your details – You need to open an account with your chosen operator to start placing bets or playing. Click the “Join” Register” or “Sign Up” button, which will direct you to a page where you will fill in your details. This includes your legal name, email address, username, password, and physical address. Additionally, you will send documents to verify your identity. This includes your ID, passport, or driver’s license to verify your name and age. You need to be 21 years to gamble in the US. Also, you will send a copy of your tenant’s agreement, utility bill, or a government document to prove your physical address. The operator will then examine your documents. Note that some sports betting sites with no wagering requirements work with reputable third parties to screen documents. This information can be found in the “Terms and Conditions” section. Companies hire third parties to spot fake papers quickly. Also, it saves time as they receive hundreds of documents daily. Once your documents pass this examination, your account will be active.
  4. Deposit funds if needed – Some bonuses will allow you to bet without a deposit. However, with others, you need to deposit real money to use them. Ensure that you deposit an amount equivalent to or above the operator’s minimum deposit limit.
  5. Start betting with no wagering requirements – Now you can start placing bets and creating wins. It will be best to make the right moves to increase your chances of winning. For example, bet on a sports market you are familiar with. Also, it is important to use a bet option that can benefit you.

Types of bonuses that may have no wagering requirements

Betting apps in USA offer different types of bonuses for both new and existing customers. Here are examples of bonuses that may have no wagering requirements.

  • Cashback bonus – With a cashback bonus, you will receive a particular percentage of the losses you made in a bet. Your chosen site will inform you of the amount they are willing to refund.
  • No deposit bonus – A no deposit bonus allows punters to use it without depositing real money. You can place bets with the amount given and create wins. In addition, you can bet using these wins. Therefore, with this bonus type, you can bet many times without depositing.
  • Matched bet bonus – A matched bet bonus is one of the most enticing bonuses that sportsbooks offer. Basically, the company will match your bet amount, usually by doubling it. Winning such a bet will create a higher win than you were originally supposed to.
  • Reload bonus – A reload bonus is a reward that operators give customers for making another deposit after the first one. Sportsbooks give this bonus type to reward loyal customers. It can be given to new customers during their second deposit or existing ones at particular periods.
  • Enhanced odds bonus – An enhanced odds bonus will give you a higher potential of making enormous wins by increasing the odds of your bet. Bettors appreciate boosted odds bonuses as they create higher wins without increasing the level of risk.
  • Matched deposit bonus – A matched deposit bonus doubles a client’s deposit. For example, if you deposit $20, your bankroll will have $40.
  • Risk-free bets – With a risk-free bet, you will get your stake back after losing a bet. This can be site credit or free bets. Your chosen sportsbook will specify up to what amount they can protect. These bonus types have different terms and conditions. Thus, if your chosen site offers several, research them individually to obtain more information.

Benefits and drawbacks of no wagering requirements

Bonuses with no wagering requirements have both benefits and drawbacks You need to know both of them to make the right calls.

Benefits

  • Keep your winnings – With no wagering requirements, you will keep your winnings without any restrictions. Wagering requirements can make you lose winnings made from a bonus, particularly if you don’t fulfill them before the validity period.
  • Limited terms and conditions to adhere to – Since no wagering requirements bonuses are not restrictive, you will only deal with limited terms and conditions, which is a relief for bettors. Thus, this option allows you to receive winnings without observing rules like betting a certain amount first.
  • Don’t need to win a multiple of the bonus before you can withdraw – Moreover, you don’t need to multiply your bonus amount before withdrawing wins made from it. You can withdraw anytime you wish.

Drawbacks

  • Low value – A significant percentage of bonuses with no wagering requirements are usually of low value. This is because sportsbooks would lose money if they gave high amounts since they are not guaranteed a client will bet with them again.
  • Not a popular promotion by sportsbooks – No wagering requirements are not very popular. Most renowned sportsbooks do not offer it yet. This forces bettors to open accounts with multiple companies to enjoy this factor

FAQ

Are all bonuses on sportsbooks with no wagering requirements?

No. Most bonuses on sportsbooks have a wagering requirement that you need to meet within a particular period. An operator will always state when a bonus has zero wagering requirements.

Does every bonus come with wagering requirements?

No, but most bonuses come with wagering requirements on betting sites. Always click the "Read more" button on a promotion to discover whether or not it comes with wagering requirements. You can also double-check if there are any wagering requirements by speaking to customer services.

Why do sportsbooks offer no wagering requirement bets?

Sportsbooks offer no wagering requirement bets as a marketing strategy to attract the attention of new clients. These types of bets are also awarded to returning players as a loyalty bonus. Also, they do this to help customers enjoy winnings without a hassle.