How do Wager and Get bonuses work?
There are various bonuses offered by online casinos in abundance - and sometimes the numerous different terms can seem confusing. One of the newest, still somewhat lesser-known offers is the wager and get bonus, which we will explore in more detail next.
The wager and get bonus, or more colloquially "wager and redeem" bonus, is again a new entrant to the bonus scene. These offers are currently available at only a few dozen casinos - but as they have started to appear more frequently, we decided to take a closer look at the offers.
TOP 5 best wager and get bonuses:
What is wager and get bonus?
When online casinos talk about wager and get bonuses, they refer to an offer where you unlock a bonus by wagering. In other words, it is somewhat of a reverse deposit bonus: instead of wagering bonus money to convert it into real money, you play with your own money and wager the amount to release the bonus as cash.
Let's compare these two: in both scenarios, you have redeemed a 100% bonus up to €100 and the wagering requirements are 30 times.
Traditional bonus: A €100 deposit and €100 bonus money are added to your gaming account. You first play with your own money and then move on to wagering the €100 bonus (100x30=€3000). The money you have left after wagering converts to real money.
Wager and Get bonus: A €100 deposit is added to your gaming account. You must first play €100 worth of bonus money (€3000) at the casino, after which a €100 bonus is added to your account as a cash bonus, meaning real money. You can make multiple deposits to release the bonus.
The nuances are very small, but there are differences nonetheless. Firstly, with wager and get bonuses, you can always cancel the bonus if you hit a big win while playing with the deposit. The deposit and bonus are always separate from each other. In contrast, with traditional bonuses, you often have to wager both the deposit and the bonus money, thus you are "committed" to the welcome bonus.
Why is it worth it to wager and redeem a bonus?
The wager and get bonus is in many ways a very useful bonus that suits many different players. In this offer, all bonus money is always distributed without wagering, meaning the redeemed offer is always a cash bonus. Also, your deposit is always real money, so you can withdraw the funds and forfeit the bonus release at any time.
If you do not manage to release the bonus with the first deposit, the bonus does not disappear. You can continue to release it with the next deposit if you wish. And once the task is completed, an extra cash pot appears in your gaming account, allowing you to continue playing.
The biggest flaw of a traditional deposit bonus is that the winnings left in the account after wagering are often only a few tens of euros - whereas the amount of a wager and get bonus is always guaranteed and pre-announced.
Your deposit does not also go hand in hand with the bonus, so you can withdraw any winnings and remaining funds at any time.
How do wager and get free spins work?
Wager and redeem style bonuses can also include free spins. For example, Casino Friday offers as many as 200 spins in their package, so you certainly do not have to give up on the spins. However, wager and get free spins are usually distributed in the same way as normal spins, meaning they are given directly against the deposit.
The process is somewhat similar to non-sticky bonuses, meaning the spins are their own entity, which includes their own wagering requirements. So if the package includes a €100 wager and get bonus and 100 free spins, the bonus money waits for release, but the spins are given directly to the gaming account and include the normal wagering requirements.
In theory, it would also be possible for the spins to be put on hold first, and when the wagering is completed and the bonus released, the spins could also be given without wagering. However, we have not yet witnessed such offers ourselves.