Who doesn’t want to get his hands on the chance of winning real money without putting their own money on the line? We have all been there! Tantalising no deposit bonuses are cropping up all the time.
However, as exciting and as free as they are, not all no deposit bonuses are created equally. In fact, they all come with a value attached and this all depends on the terms and conditions attached to them.
It is important to read between the lines and to break down the terms in a digestible format, in order to be able to cash out. Sure, you might think a free no deposit bonus is free, but if you are taking advantage of them with the aim of winning money, knowing the odds of you walking away with the cash is important. You can claim these during lockdown without any issues.
What are no deposit bonuses?
No deposit bonuses are a type of casino bonus offered to players who sign up for an account at an online casino. Not all casinos offer one, so when one comes along, players swarm to it.
You can either claim no deposit free spins or else, no deposit bonus cash. Each offer comes with its own set of advantages and disadvantages. The one that best suits you will depend on your gaming preference.
Some players might prefer table games over online slot games, so a no deposit bonus cash would be better suited and vice versa.
For those who don't want to go through an extensive due diligence process, the best way is to go to a reputable index of win real money no deposit offers which already filtered out bad ones.
What is within the terms and conditions? – No Deposit
Terms and conditions are the bane of many casino players’ existence. There is never a casino bonus that does not come with them. While they are annoying, they also give players some degree of protection against possible abuse.
Here are some of the most important terms and why you need to pay attention to them:
Wagering requirements state the number of times you would need to wager the bonus before they are released from the shackles of the casino and are free for you to withdraw.
The average standard is 35x, but we have seen lower and have seen some casinos running 200x wagering requirements. It is important to keep in mind that the lower they are, the more likely you are to withdraw. Don’t waste your time with bonuses with high wagering requirements.
If you are based in the United Kingdom, and the casino does not allow players from there, you won’t be able to sign up. It’s as simple as that. Usually, casinos only allow countries based on the gambling licences they have.
Similar to the wagering requirements, casinos go a step forward. More often than not, you won’t be able to wager your bonus on any game at the casino. Usually, they omit live casino games and card and table games, since they have a higher RTP than most slot games. Again, read the fine print.
Caps on winnings
Even if you manage to meet all the rules, you will only be able to cash out the maximum amount as stipulated by the casino.
Deposit to cash out
And finally, in order to cash out your winnings, you’ll still be asked to make a deposit, though this varies from one casino to another.