Key points
- A no-wagering bonus pays winnings as real money, with no playthrough before withdrawal.
- "No wagering" does not always mean no conditions. Cash-out caps, game restrictions, deposit turnover and expiry can still apply.
- Some casinos require deposits to be wagered once before withdrawal, an anti-money-laundering measure separate from bonus wagering.
- Compare the full terms, not just the "0×" label.
What "no wagering" means
With a standard bonus, you must bet bonus money a set number of times before you can withdraw. With a no-wagering offer, winnings from the bonus, often free spins, are credited as cash. You can withdraw them straight away, subject to the casino's usual checks.
Wagering vs deposit turnover
These are often confused:
- Bonus wagering: a requirement to bet bonus money or winnings, for example 30×, before withdrawal.
- Deposit turnover: some operators require a deposit to be staked once, at 1×, before withdrawal. This is an anti-money-laundering control, not a bonus condition. It can apply even without a bonus.
Conditions that may still apply
- Maximum winnings from the free spins or bonus
- Eligible games only
- Maximum bet or spin value
- Expiry of the spins
- A minimum qualifying deposit and payment exclusions
Worked comparison
Offer A: 50 spins at €0.10 with no wagering and winnings capped at €100. Offer B: 100 spins at €0.10 with 35× wagering on winnings. If each spin set wins €15, Offer A gives you €15 cash. Offer B gives €15 of bonus money that needs €525 of bets, with an expected loss of about €21 at 96% RTP. On average, Offer A leaves you with more.
Regulatory context
Some regulators limit wagering. Great Britain capped it at 10× from 19 January 2026, which narrows the gap between "no wagering" and standard offers there.
Sources
- UK Gambling Commission, Socially responsible incentives: consultation response Checked 3 November 2026.
- Spillemyndigheden, Borgere og spillere: offers, bonuses and wagering requirements Checked 3 November 2026.
Limitations: examples use illustrative figures.