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Playing with your no deposit bonus not only allows you to use online gambling sites without depositing any of your own money upon signing up and affords you the chance to keep your winnings and withdraw them!
This type of bonus has a wagering requirement attached to it before it converts to withdrawable cash. You need to wager it at least one time and sometimes up to 25x over in order to withdraw your winnings.
Wagering requirements refer to the number of times you need to wager a bonus in order to clear the requirement and convert it to withdrawable cash. Depending on what site you join, you can see anywhere from a 1x to a 25x wagering requirement.
For example, if you get a no deposit bonus of $20 with a wagering requirement of 10x, you’ll have to wager $20?10 = $200 before it can be withdrawn.
You may see larger wagering requirements at online casinos and variations on how much a specific game contributes to the requirement. This is referred to as the “contribution percentage” and is good information to know before you sign up.
The contribution percentage to the wagering requirement is one you will want to pay attention to when you sign up. Usually given in the terms and conditions of the offer, it is a breakdown of the types of wagers you can make on the online gambling site and the percentage each game contributes to the requirement.
This is usually reserved for online casinos that offer a large selection of different types of online casino games. For example,
Make sure to read the terms and conditions of every offer you select so you know how to complete the offer and max out your bonus!
When you have winnings to withdraw from your online gambling account, if the operator hasn’t asked you for KYC (Know Your Customer) information yet, they will before your withdrawal is processed.
The Know Your Customer procedure usually includes a way to verify your identity, either by comparing your information to national databases to ensure you are who you say you are, or by asking for identifying documents to complete the process.
KYC questions help protect both you and the website from criminal activity, including money laundering and fraud. This is a great way to protect yourself and keep the operator in compliance with their state gaming commission’s regulations.
Usually, the KYC process contains age, location, and identity verification steps. Most of this comes when you first sign up for the site, although if more information is needed, you’ll be prompted to do it once you request your first withdrawal. Read our KYC Procedures article to get all the information necessary.