There are many online casinos to choose from and with even more popping up on the scene every year, it can be hard to know which one to choose. One of the biggest factors that players use to make a decision is the quality of the online casino’s bonus offers.
Bonuses are offered regularly to new and existing players because online casinos want to encourage players to stay loyal to their brand and will therefor offer great promotions. There are many different types of bonuses with the most popular being the no deposit bonus.
The fantastic offer is generally a welcome gesture to new players and will give you the opportunity to receive an amount of money without making a deposit. You will be able to place bets or spin the reels of your favorite slot 100% free so it is easy to see why it is so popular among thousands of players every day.
HOW DOES THE NO DEPOSIT BONUS WORK?
The no deposit bonus will require you to register an account on the online casino’s site. You will need to provide some personal details to ensure that you are over the legal gambling age and that you are legit. After your account is verified, the free money or spins will be loaded to your account and you will be able to use the free money to try out a range of the operator’s games.
No deposit is required so it will give you a brilliant opportunity to try out a new game or to experience the software and interface of the online casino. The amount of free money offered is usually around $5 – $10 but some casinos will offer you $50 or more.
If you are a bit skeptical to make a deposit at an online casino, this will give you the freedom to decide whether online gaming is for you. It is risk-free and won’t cost you a cent so if you decide to move on to a different site, there are no strings attached.
You will be able to use the no deposit bonus on slots as well as table games so if you’ve ever thought of playing online poker but felt a bit intimidated, this will give you the perfect chance to give it a go.
CAN YOU WIN REAL MONEY WHEN PLAYING WITH BONUS MONEY?
Yes, the bonus money has the same value as real money so any winnings made while playing with the bonus money will be credited to your account. You will be able to withdraw the winnings once you’ve played through the wagering requirements.
WHY ARE ONLINE CASINOS GIVING AWAY MONEY?
It might sound to good to be true but like in any industry, marketing plays a massive role in the success of a company and this is exactly why online casinos offer the no deposit bonus. The business savvy operators know very well that in order to attract new players to their site, they would need to beat offers made by their competitors.
The more players they attract, the more money they make because most players will eventually make a deposit at some stage. The no deposit bonus offer has been around for a very long time but the bonuses offered are becoming bigger and better because of the competitiveness of the industry.
It is not a bad thing at all. Players get the opportunity to test the waters of a casino or game for free while online casinos are attracting more players to their site. It’s a win win situation so take advantage of it.
TERMS AND CONDITIONS
Let’s be honest. There must be a catch to it, right? Well the answer is yes and no because bonus offers are almost always subject to wagering requirements but it make 100% logic sense.
Wagering requirements is a clever mathematical calculation that is applied to all winnings made while playing with bonus money. Can you imagine an online casino giving all players $100 free money with the opportunity to win real money without any terms and conditions? Operators will be bankrupt in no time so it just doesn’t make sense.
The wagering requirements protect online casinos so that they are able to offer you all the different bonuses. When no deposit bonuses were first introduced there were no such thing as wagering requirements but it caused havoc in the online casino industry because punters took advantage of this.
They would open an account, accept the bonus money and as soon as they made any winnings, they would withdraw it and moved on to a different casino. So, because of this, wagering requirements were introduced.
When you see a no deposit bonus that offers you $10 with a wagering requirement of x10, you will need to play through the deposit amount multiplied by the wagering requirement before you will be able to withdraw and winnings made while playing with the bonus money. ($10 x 10 = $100)
If you win more than the wagering requirement amount, it will make sense to play through some of your own money before making a withdrawal.
If you don’t win more than the wagering requirement amount it will make no sense to play through the wagering requirements but you need to remember that you also won’t lose any of your own money because bonus money is free. So, let’s not get greedy and become ungrateful.
Wagering requirements is usually between x20 – x80 and the general rule is the lower the better. Before you choose a bonus offer, make sure that you understand the wagering requirements. Then you will know what to do when cash-out time arrives.