No Deposit Bonus FAQ
Q: What is a no deposit bonus?
A: A no deposit bonus is a special type of promotion offered by online casinos. The players get one or more rewards, whilst not being obliged to deposit any amount of money in order to claim the award. Despite the lack of transactional requirements, there might be some additional requirements that are imposed by the casino, but this depends on the brand and the goal of the promotion, as well.
Q: Why do online casinos offer no deposit bonuses?
A: The reasons for launching such a promotion are plentiful. In most cases, no deposit bonuses are used by relatively new online casinos as a means of attracting players from the get-go. Because of these advertising-related goals, you will most often see them sometime around the launch of a new casino. Other sightings of no deposit bonuses often coincide with the launch of a new game, most often a title from an esteemed developer. Therefore, no deposit bonuses have a primary role in letting the world know about a new brand or project.
Q: What are the benefits of using a no deposit bonus?
A: First and foremost, the biggest advantage a no deposit bonus can ‘gift’ you is the ability to play with a risk-averse approach. Whenever you see a new casino, there’s always a high dose of skepticism involved, regardless of how scintillating the casino might seem from afar. In such a situation, it can be difficult to just give out your personal information and credit card number. With a no deposit bonus, you’re not required to go through anything but a simple identity verification process.
Once you’ve created an account, you’re free to use the money you were given to test out the casino and see whether you want to make them your regular gaming destination. If you don’t like the site, no harm done. Not a penny was spent and you got the insight you wanted, so the mission is a success. If, however, you like the site, you got a nice head-start in terms of setting up yourself financially.
Q: What are some of the disadvantages of using a no deposit bonus?
A: Getting money whilst not having to give anything in return sounds too good to be true, right? Most definitely. No deposit bonuses are not perfected. If they were and if players were able to withdraw their winnings easily, online casinos would be going bankrupt left and right. Therefore, almost every deposit bonus has a number of conditions, stipulations, and requirements, just to keep the whole thing balanced.
Most frequently, you will find that the wagering requirements are quite high and that the bonus contribution rates have been raised, at least when compared to regular deposit bonuses. While you’re not required to make any sort of commitment, withdrawing money is significantly more difficult. If you’re looking to make a financial splash, a no deposit bonus is definitely not the best option.
Q: What are the usual wagering requirements for a no deposit bonus?
A: The majority of no deposit bonuses have wagering requirements in the 20-40x ballpark, but you can find offers that are both more and less and demanding than this usual range. No matter how beneficial the other aspects of the bonus are, you should never claim an offer that has wagering requirements above 50x. This will make it borderline impossible to claim your winnings, as you’re going to have to wager your bonus 50 or more times. Sometimes, it’s just not worth the effort.
Q: Who is eligible for claiming a no deposit bonus?
A: Most casinos limit the use of no deposit bonuses to new players, but the definition of this term varies from one website to the other. Some brands offer such promotions only to brand new accounts upon registration, which basically disqualifies anyone who has an account but hasn’t played before.
Other sites expand upon this requirement and allow anyone with no deposits in their account history to claim a no deposit bonus. To be certain about what you’re in for, read the terms and conditions of the bonus carefully.
Q: Which games count towards meeting the wagering requirements of a no deposit bonus?
A: Each online casino has the freedom to impose its own limitation and requirements. Usually, you will find that slots have a 100% contribution rate to the requirements, whilst table games are often in the low digit ballpark. This is the case due to players having a much larger impact on the overall outcomes of games such as roulette, blackjack, or even dice. Therefore, it would be financially detrimental for the casino to treat table games the same as slots.
On the other hand, slots have a much lower RTP and the player has almost no influence over what happens after each spin. This makes it much harder to implement any strategy, making luck the predominant factor when it comes to playing slots.