In the past couple of years online casinos have been looking for unique ways to catch the attention of new players in this highly competitive industry. The majority of them offer comprehensive welcome bonus packages, but even these types of bonuses have become, to some extent, generic. With time, virtual casinos have realized that the best way to catch the eyes of new players and present themselves to potential new customers is through a casino bonus called a ‘no deposit bonus’. At first thought, this bonus means just that- no deposit is required to claim this bonus. For a deeper explanation of this type of bonus and how it works continue reading.
Once you complete the registration process and verify your account, the no deposit bonus money will be either transferred to your account automatically or you will need to claim the bonus manually. This depends on the casino and the type of casino software that they use. The bonus might be send to your via e-mail and to get it you need to click on the provided link. Some no deposit bonuses are claimed by entering a specific bonus code at the casino’s cashier.
The value of the no deposit bonus is usually small, between $5 and $30, and this bonus has to be used on specific games. Just like all bonuses, this bonus also comes with wagering or playthrough requirements that have to be met by players so they can request a cashout. If they try to withdrawal the bonus money before meeting the requirements the bonus and the winnings from it will be forfeit by the casino.
Example of No Deposit Bonuses
To closely explain what no deposit bonuses are, let’s consider an example of this bonus. High Noon Casino, for instance, gives a $60 no deposit casino bonus to new players only. The bonus is automatically given when they register a new account and redeem the bonus code SIXSHOOTER in the casino cashier. The offer is limited to one player per computer or household. When they get the bonus, according to its terms and conditions, the bonus amount has to be played through or wagered 40 times on certain casino games before players can ask for a cashout. In addition, to be able to cash out the winnings from the bonus, if they make any, players must firstly deposit at least $20 into their accounts. Also, the maximum winning amount that can be withdrawn is $100.
Wagering requirements refer to the number of times a bonus amount has to be played through on casino games and, at the same time, make money from the bonus, before the winnings and/or the bonus can be cashed out. In our example bonus above, the wagering requirements are 50x. However, it should be pointed out that not all casino games count toward meeting the wagering. In most cases, the games that count 100% toward meeting this wagering are the slots, such as the Sevens & Stripes online slot game. The other games of chance such as scratch cards and Keno are also eligible. In our $60 no deposit bonus, only roulette variants are not eligible, therefore, if you use the bonus money to bet on these games, your winnings will be withhold and you will be disqualified.
Other Bonus Restrictions
The wagering requirements are not the only restrictions of the no deposit casino bonuses. The terms and conditions state the rules about who and how can claim this bonus, information about the eligible games that count toward the wagering and how the bonus and/or the winnings from it can be cashed out. In our example bonus, the players who are not eligible to claim it are those that reside in the Channel Islands, Costa Rica, France, Isle of Man, Israel, Netherlands Antilles, Northern Ireland, and the United Kingdom.
Another restriction is that to be able to request a cashout, players may be asked to make a minimum deposit first. This is not exclusive for all no deposit bonuses; the rules and restrictions of the no deposit bonus are tailored by the casino itself and they differ from one casino to another. Therefore, it is always recommended to carefully read and understand the terms and conditions of these bonuses before you claim them so you don’t come across a problem later on.