A no deposit bonus is a promotion that offers free cash up an online casino. This bonus allows players to experience games without the risk of losing real money. However, no deposit bonuses are not as clear-cut as that, and you will be subject to wagering requirements.
Wagering requirements refer to the play through amounts that you are required to bet in order to qualify for a withdrawal of your winnings. If you received a $20 no deposit bonus, with a 30x playthrough that would basically mean you would need to bet or wager a total of $600. So to withdraw any winnings you made from the no deposit bonus you will need to wager $600. If you're not sure about how much you have wagered, you can always contact the live chat or online casino support, and they will give you a breakdown of your wagering which will let you know how close you are to withdrawing your winnings.
This promotion is given to players in one of three ways. You may receive a coupon code which can be entered at the online casino cashier during the registration process. Or you can ask for a free bonus via the live chat, and finally, no deposit bonuses may be automatically credited to a new players account.
When given these promotions the casino will specify which games are allowed. You need to read the terms and conditions and take note of the qualifying games and also the percentage that each game contributes towards the wagering requirements. Slots usually contribute towards 100% of the wagering requirements, whereas table games such as poker and blackjack only contribute towards 2% of the wagering requirements. In most cases, progressive jackpot games are prohibited, and any winnings you earn from playing these game will be null and void.
The online casino industry is a highly competitive one, and there are many casinos offering various types of bonuses to new and existing players. However, online gambling establishments must also compete with land-based casinos. Therefore online casinos find that offering a no deposit bonus to new players is a lucrative way of securing a new customer. Further and continual promotions will keep players interested and playing for as long as possible.
Yes, it is extremely important that you choose a free bonus from a reputable online casino. This will help you avoid unpleasant scenarios such as confiscation of your winnings, which is often the case at rogue casinos. If you ever have doubts about the credibility of an online casino, do your research and make sure that they are in fact reputable, honest, and reliable before doing business with them.