One of the most popular bonuses in the casino industry is the no deposit bonus, and there is a good reason why it is so.
This type of offer is available to all new customers, immediately upon registration, and requires no financial obligation.
All you have to do is register, and the company will add it to your balance. But, is it really free money the company is giving away or is there a catch 22 that can affect your payouts in the end?
Keep reading to find out everything there is about no deposit bonus!
No Deposit Bonus Types
The main premise of no deposit bonus is always the same: you register, and the company gives you an immediate bonus. But there are different types of bonuses and the ways they can be claimed. In terms of claiming the bonus there are:
- Direct bonuses – you register, and the bonus money is instantly added to your balance.
- Bonus code deals – during the registration, you have to type a specific code (for instance, FREECASH), determined by the operator. If you fail to type the code, the bonus won’t be added.
- Bonus upon request – you have to ask customer support to add the no deposit bonus. If you don’t, you won’t be able to get it later.
More importantly, there are also several different types of no deposit bonuses. You can get:
- Money bonus – $5, $12, or any other amount the casino decides to give to you. You can use it in any game.
- Free spins – can be used on slots, and sometimes even just on a specific title, the operator has already chosen for this promo.
- Token – is essentially a free bet. You get a token worth a specific amount ($3, $5, $10, etc.), and you have to play it all at once.
No Deposit Bonus Wagering Requirement
If you are wondering if you can just withdraw the money you’ve got and leave, the answer is – no. All bonuses come with bonus rules. Bonus rules determine on what games the bonus can be played, in what time frame, but most importantly, it also sets the wagering requirement – a multiplier that says how many times you have to play the bonus before the withdrawal.
So, if the wagering requirement is x30, and you’ve got a $10 bonus, you can withdraw it after you wager $300 in total (10×30=300). Most no deposit bonuses have much higher wagering requirements than the deposit bonuses or any other promotion for that matter.
Another thing to keep in mind is that, in most cases, you won’t be able to withdraw any deposit bonus, even if you wagered it unless you make a real money deposit first. That way, casino businesses protect themselves from professional scammers who try to play against the rules. Of course, with your first deposit bonus, usually comes a whole other welcome package to reward you for your loyalty and hard work.