Let’s face it, everybody loves a freebie. Whether it’s a 'Buy One Get One Free' offer at the supermarket or a free drink refill at Nando’s, what’s not to like?
For online casino fans looking to play online slots, there can be quite a few varieties of giveaways. First Deposit matching options are one of the most frequently seen.
Indeed, most UK casinos offer some kind of welcome bonus when joining and making your first deposit. They usually word it as something like ‘Deposit £10, get £10 free’.
Another common type of bonus is the deposit bonus. This bonus often has no wagering requirements. This means players can keep what they win.
A regularly spotted incentive is the ‘free spin’ offer. These are popular with new players and regulars. They are a great reason to sign up with a new online casino. There is usually one BIG problem though.
Welcome offers typically come with strings attached and are so tough to break that most players never cash in on their free spin winnings. Some casinos also offer deposit-free spins.
These spins have no wagering requirements. This means players can keep any winnings from the free spins without needing to meet any conditions.
This is where the Free Spins No Wagering offer is such a total winner. They remove all the red tape (well, almost all!), allowing you to enjoy your free spin winnings (if you have any!).
Here’s Busy Bee’s complete guide on how to find the best No Wagering Free Spins. We’ll also show you how to make the most of them once you find them.
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Betfred BingoWelcome Bonus Deposit £10 and get £10 Bonus + 100 Bonus Spins |
| Go To Site | Betfred Bingo is of course an offshoot of the famous and popular high street and online sports betting site. Registration is an easy form filling exercise, but security is strict, so you will need to give a valid e-mail address and phone number as all are used as security checks....Read More Terms & Conditions: Welcome offer Bet £10 get £10 Bingo Bonus plus 100 free spins with no wagering on winnings. New customers only. Register using promo code BINGO100. Minimum deposit and stake £10 on Bingo tickets within 14 days to qualify. £10 Bingo Bonus must be wagered through once. 14-day expiry. Bonus Balance is used prior to Cash Balance. 100 Free Spins on selected Slots credited within 48 hours of qualification. Free Spins can be used on Deal Or No Deal Megaways, Eye of Horus Megaways, Fishin’ Frenzy Megaways, Return of Kong Megaways or Slots O’ Gold Megaways. Free Spins expire after 7 days. E-Wallet & Prepaid Card restrictions apply. SMS validation may be required. Full T&Cs apply. |
What are Free Spins?
The most obvious question for players who are new to online casino gaming is ‘what are free spins?’ Free spins are a marketing and promotional tool online casino operators use to attract players. This means the casino site you are using lets you play an online slot game for free for a short time.
These promotional offers are most often seen as an incentive to join a casino, as a welcome bonus. When you make your first deposit, you get the chance to play a certain number of free spins on online slots. Usually, this is on a named game, but occasionally players can choose the actual game played.
You often need to make a minimum deposit to qualify for these free spins. This minimum deposit can range from £5 to £20, depending on the specific promotion and the online casino.
The offer will say something like… Join Now! And Get 25 Free Spins on ‘Super Duper Bonanza Bonus’. (Ok, I made that game up, but it sounds pretty realistic and I don’t want to give a real game any free advertising!)
Slot sites can give free spins to current players. This encourages them to stay with the casino. It helps keep players from being tempted by welcome bonuses from other sites.
Free Spins No Wagering requirements sounds like a really good deal. After all, it’s all free, so what’s the problem? The problem is those ‘strings’ and the ‘red tape’ I was referring to earlier.
The most obvious of these are the ever-annoying ‘wagering requirements’. They set these rules to prevent players from claiming bonus winnings from their free spins offer.
The truth is, a truly ‘zero wagering requirements’ casino usually comes with some form of catch.
What are Wagering Requirements?
Wagering requirements are rules that make it harder for you to cash in on your free spins winnings. This means you can win real money, but it takes more effort. These requirements usually come with a wagering bonus. This bonus tells you how much you must bet before you can take out any winnings.
When you win from free spin offers, your winnings go into a 'bonus account.' This is bonus money, not real cash. You cannot withdraw this bonus money as real money. And there they will stay until you have fulfilled the terms of the wagering requirements.
Wagering bonuses come in various forms, including no wagering bonuses and low wagering bonuses. No wagering bonuses are very appealing. They let players keep their winnings without any requirements or deposits. This makes them a rare and sought-after type of bonus in online casinos.
The terms of these wagering requirements can differ between online casinos. However, most follow similar rules. You must spend a certain amount of real cash based on the value of the 'free' spins. Only then can you withdraw your winnings from the free spins.
The actual multiple will vary, but for the purposes of this example, let’s say it’s fifty. To make the maths as simple as possible, let’s say you get 10 free spins at £1 each, so your free spins are worth £10 in total. This means you need to spend 50 times £10, which is £500 of your own money. Only then can you turn that bonus cash into real cash that you can withdraw.
Tough huh? The truth is that for most players, the bonus winnings from free spins are often less than the losses. These losses come from the extra £500 you had to spend to withdraw those winnings
What’s So Special About No Wagering Free Spins?
That’s easy. They've removed all those annoying wagering requirements! You no longer have to spend a lot of your own money on casino slots. You can now easily withdraw your winnings from free spins.
With wager-free spins, players can take out their bonus money without any penalties. They do not need to spend a lot of their real money to unlock their winnings from their online casino bonus account.
Why doesn’t Every Casino Site Offer No Wagering Free Spins?
Well, there are many possible answers to this. The most obvious is that it could end up being very expensive for the online casino involved. And online casinos are, in general, not particularly warm-hearted, generous organisations. They are in this business to make money, not give it away.
The idea behind offering No Wagering Free Spins is to attract new players or to retain existing ones. It’s a marketing tactic that may cost money at first. However, it aims to attract new players and build their loyalty. This could help the casino earn more income in the future.
In contrast, wager bonuses require players to meet specific wagering rules before they can take out any winnings. This can be more cost-effective for casinos.
Many online casinos believe that giving free spins bonuses with few conditions is too risky. As a result, they decide not to participate. The chances are, they are right.
Casino operators that offer No Wagering Free Spins bonuses likely think it helps attract more customers. This strategy gives them a temporary advantage over those who don’t offer these bonuses. In the long run, it can lead to more customers.
This strategy gives them a short-term edge over those who do not offer these bonuses. In the long run, this can lead to greater customer recruitment.
The competitive market is a complicated thing: different companies make different decisions.
Another factor is taxation. Even though No Wagering Free Spins are free for players, they may not be free for the online casino. In addition to having to pay out any free spins winnings, there are tax implications. In the UK and many other countries, tax authorities require online casinos to pay taxes on free spin bonuses.
Betting tax is quite complex. It is not something that most bettors need to worry about. In the UK, the government tax authority is called ‘His Majesty’s Revenue & Customs’ (HMRC). The betting tax for the online casino industry is called ‘Remote Gaming Duty’.
Simply put, they treat the value of any Free Spins offer the same under Remote Gaming Duty. This is true as if they had been paid for normally. This means that even though they are 'free' spins and no money is exchanged, UK online casinos must still pay tax on them as if they were paid for.
Other Wagering Requirements Which May Still Apply
Now of course, being able to play at Free Spins No Wagering casino sites is definitely good news. But it doesn’t mean there are NO rules! There are often numerous other wagering requirements and game restrictions which may still remain. Here are some of them…
Free Spins Expire
Your No Wagering Free Spins will typically be awarded with a time limit attached. In other words, your free spins expire! The limit can change on different online slot sites.
Usually, free spins expire within 24 hours to one week after you use them. Use them or lose them!
Limited Games
Many casino sites will limit the games you can play. They may only allow one promoted game or a few specific games. Typically a promoted game will be an extremely popular title, such as ‘Starburst’ or ‘Gonzo’s Quest’. Or it could be a brand new game that the casino (or the software developer) is keen to promote.
Winnings Cap
Another condition among the frequently seen wagering requirements is a winnings cap. This means they limit the amount you can win from your free spins. This is extremely bad news if you are lucky enough to win the jackpot! This is quite a common condition, so you need to watch out for it to avoid unpleasant surprises and disappointment.
Other Spending Requirements
Another regularly seen rule is that you must spend whatever it was that triggered your No Wagering Free Spins offer. Usually, you receive your free spins after making a deposit.
Say you make a first deposit of £20 when joining a new casino, and this is what triggers your No Wagering Free Spins. Then you must also spend THAT £20 before making a claim. You can’t just play your free spins, make a claim and leave with your £20 unspent... I mean, I’m not one to be on the casino’s side, but this time that sounds pretty reasonable to me.
Payment Method Exclusions
A further regularly imposed requirement is that some payment methods can be excluded from the offer. This means that if you make your first deposit by certain named payment options, this may not trigger your free spin bonus. For example, casinos often exclude e-payments like Neteller deposits from free spin bonus offers. You can get round this by using an alternative payment method such as a debit card or bank transfer.
Where are the Best No Wagering Free Spins Offers?
Well, the very best place to find out is here at Busy Bee Bingo. We'll keep you up to date with all the latest developments in Free Spins No Wagering slots. Which UK casinos offer the best online casino bonuses? Which online slot games are eligible for the latest free spins offers? Which Free Spins No Wagering online casino sites offer the easiest way to get your hands on your free spins bonus cash? How many free spins are included in any No Wagering Free Spin offers? So many questions, but rest assured we'll do all the research so you don't have to. Just check back regularly for all the best information and tips.
Do free spins no deposit no wagering requirements exist?
These sort of bonuses do exist, but unfortunately, these sites won't be licensed and are not to be trusted. You will likely be unable to withdraw any winnings, and once they have your details, you will be targeted with lots of spam. UK bingo sites and casinos have to pay tax on bonuses given to customers which includes free spins. This makes it less profitable for operators to offer big no deposit no wagering bonuses. The UKGC (United Kingdom Gambling Commission) also have rules on how bonuses can be advertised and offered to players to make sure it’s fair and transparent.
