Wager-free bonus

A bonus with no wagering requirement. What you win from it is withdrawable immediately, at the same rate as your normal cash balance.

Where you find them:

• Wager-free cashback: 5-15% of net losses returned as immediate cash. Best form of cashback. Common at newer operators.
• Wager-free free spins: rare on welcome offers, occasional on VIP or reload promos. Any winnings withdrawable directly.
• Wager-free reload bonuses: extremely rare. Sometimes offered to VIP players.
• Wager-free tournaments: prize pools without wagering on winnings. Occasional freerolls fit here.

EV impact: massive. A wager-free €50 bonus is worth €50 in expected value. A wager-required €50 bonus at 40× is worth roughly −€20 in expected value at typical RTP.

Filter for wager-free offers in the bonus table — these are almost always mathematically worth taking.