Players love no deposit casino bonuses. It costs them nothing so when one casino promotes such an offer; they are guaranteed to generate many new sign-ups.
Whether they are giving away free spins no deposit on a specific online slot, or else no deposit bonus funds for players to spend as they wish, players will flock to them since it does not cost them a cent.
Some players often question the value of no deposit bonuses. Are they really free? Can you win real money from playing a free no deposit bonus?
Today we will question the elephant in the room and shed light on the real value of no deposit bonuses.
What are no deposit bonuses?
No deposit bonuses are essentially a bonus that is normally given away to new players who register for a free account at an online casino. We say ‘normally’ since no deposit bonuses can be given away to existing players as part of a promotion.
In general, they are given away to new sign-ups. They can come in the shape of free spins no deposit on a qualifying slot game, or else as no deposit funds. When it comes to no deposit funds, the casinos usually specify in the terms and conditions, which games the bonus can be spent on.
Casinos also hope that players will eventually make a deposit, so it’s a win-win situation for both parties.
Are no deposit bonuses really free? To some extent, they are. However, generating real money from a no deposit bonus is bordering on impossible.
What are the wagering requirements?
Which brings us to the next point. No deposit bonuses come with a little concept known as the wagering requirements.
Also known as playthroughs, players must bet their no deposit bonus a number of times before they can convert their bonus funds into real money.
Any winnings generated from playing games using your no deposit bonus are converted into bonus funds. As such, you won’t be able to withdraw them until you fulfil the playthroughs. However, players can use them to play on other games.
The only way to learn about wagering requirements would be by going through the terms and conditions of the no deposit bonus you are claiming. As a general rule, we always recommend that players read the fine print of any bonus they are thinking of claiming.
If you come across a great offer, but it has too high a wagering requirement, you might opt to skip it. This mostly applies to regular bonuses, since you are putting your money on the line.
When you are playing with a no deposit casino bonuses, it costs you nothing. Wagering requirements or not, players can have fun playing betting games without costing them a cent. However, if you are looking to walk away with a big win, you might want to look into a different kind of bonus.