Gambling related articles
The
ins and outs of No-Deposit bonuses
From
Anna Taylor.
August 2018.
If you are familiar with the world of online casino
gaming, chances are you have come across your fair
share of casino bonuses. While the welcome bonus is
certainly the most popular at casinos and betting
sites, there are plenty of other types of bonuses
doing the rounds. One type of bonus that can be beneficial
to a lot of players is the no-deposit bonus. As the
name suggests, a no-deposit bonuses is an online casino
bonus given to players without them having to make
any financial commitment whatsoever.
Confused?
Here is how they work:
How No-Deposit Bonuses Work?
No-deposit bonuses were designed to encourage new
players to sign up for a full casino account and play
for real money without the risk. They are there to
give players a taste of what it is like to play and
win real money without the obvious risk of losing
your own money in the process. In order to qualify
for a no-deposit bonus, players need to sign up for
a free online casino account and complete all the
necessary information. Once a player's account has
been activated, they are then given their bonus.
Free Spins or Cash Bonus
In most cases a no-deposit bonus comes in the form
of a cash bonus or a certain number of free spins,
and you don't need to be
a pro to work out how these can add to your winning
potential. With a cash bonus, the amount given is
not exactly huge, usually around $10 or $20. The number
of free spins is also between 20 and 50 free spins
on selected slot games. You can then use this cash
or free spins to play real money games and win real
cash. Any funds you win will be deposited into your
online casino account.
Like all bonuses, no-deposit bonuses come with specific
terms and conditions. The fine print here is definitely
worth reading. If you are lucky enough to win a bit
of cash with your free spins or free bonus, getting
it out is another story altogether. There are two
things you need to look out for when signing up for
a no-deposit bonus. The first is the maximum cashout
amount and the second is the playthrough or wagering
requirement.
Maximum Cashout Amounts
Let's start with the maximum cashout amount. This
relates to the maximum amount of winnings you can
withdraw from your bonus. Even if you happened to
win the
progressive jackpot, according to the terms of
your bonus, you can only cashout a certain percentage
of your bonus around. If your bonus was $20 and your
max cashout is 3x, then the most you can theoretically
win is $60. So even if you win thousands, that's all
you can get. Obviously, the higher the number the
better.
Wagering Requirements
Another limiting factor with no-deposit bonuses is
the wagering requirement. This is similar to the welcome
bonus, except that it is usually a lot higher. While
a welcome bonus might have a 10x or 15x wagering requirement,
the no-deposit bonus can be double that at 20x or
30x. If your free bonus was $20 and your wagering
requirement is 20x, you would need to wager $400 in
total before you can start withdrawing any winnings.
Again, it pays to look around before signing up.
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