It is no secret that what attracts players to an online casino, apart from games, are good bonuses, which is why you’ll find huge banners displaying lucrative match deposit bonuses on most sites. However, one of the best risk-free ways to get started is with a no deposit bonus at a licensed casino, where you don’t have to put down real money. These bonuses are usually in the form of free chips or free spins and are usually offered to new members. You get to withdraw either the bonus money along with winnings if it is a free chip or winnings that you’ve accumulated from the free spins. The only thing is that there is usually a cap on the amount you can withdraw. But, that’s perfectly fine – when this is absolutely free money we are talking about, why complain.
Often, these bonuses can only be redeemed with a bonus code, so it is important to make sure to use it correctly or else you will miss the chance to grab the bonus. Speaking of no deposit codes, there are plenty of them to be found online. It’s all a matter of finding the right no deposit bonuses and like any other online casino bonus, the bonus usually comes with strings attached in the form of play-through requirements.
In order to utilize the no deposit bonus in an optimal way, it is important to understand the terms and conditions. The most important part of maximizing the value of no deposits codes is finding no deposit bonus code with low wagering and high free spins.
Read and Understand the Bonus Terms and Conditions
The first step to assessing the worth of a bonus would always be to go through the bonus terms and conditions. It is also a good idea to read the general casino terms and conditions since these could have also some implications on bonuses and what they are worth.
This is something that every player must be aware of before redeeming a bonus. Some casinos offer wager free no deposit bonuses while some may insist that you wager anywhere from 20 to 99 times the bonus amount before you can cash out winnings. Watchdogs like the UKGC have made it mandatory for casinos under their license to be transparent about the bonus terms and conditions.
Now let’s address three main factors that determine the profitability of a no deposit bonus.
Low Wagering No Deposit Bonuses
Wagering requirements are basically a condition on a bonus which stipulates that the player play-through a certain amount of money before he or she can cash out any of the bonus money.
Let’s take a look at an example to understand how wagering requirements work. Let’s assume you signed up for an account with a casino and got rewarded with a no deposit bonus of $50, however, the no deposit bonus comes with a wagering requirement of 10x the bonus amount. This essentially means that you will not be able withdraw the $50 or any winnings made as a result of playing with the $50 unless and until you deposit and play-through at least $50 x10 = $500. Furthermore, this condition will need to be satisfied within a prescribed amount of time.
From the above description, we can deduce that the higher the wagering requirement, the more cumbersome it is to withdrawal any bonus money to make a meaningful profit.
This is closely related to the first trick to maximizing your returns from no deposit bonuses. Basically, you want to opt for no deposit bonuses where the wagering requirements are low (5x-15x).
In fact, a few online casinos offer zero wagering no deposit bonuses. These are few and far in between, but they are even when it comes to maximizing your profits.
So, when you’re looking to make the most out of any casino bonus, choosing a bonus which has a low or zero wagering requirement is always key. The best thing to do is stay away from no deposit bonuses with high wagering requirements like 99x.
Game Restriction on No Deposit Bonuses
When you are awarded with a no deposit bonus, there could be certain restrictions implied by the bonus terms in terms of which games the bonus can be used on. For example, let’s consider you signed up with a casino and received 10 free spins no deposit bonus. However, these ten free spins can only be used on a specific slot and not on any other game.
Now, if this is a slot game with a low RTP (return to player percentage), then you’re not going to make a great deal of winnings because the odds are stacked against you right from the start.
Therefore, when looking to squeeze the most profits from a no deposit bonus, always read the terms and conditions and understand which games are eligible for playing with the bonus and check the payout ratios of those games. Games with a higher RTP will give you the best chances of winning more from your bonus.
Look for No Deposit Bonuses with High Win Limits
Another common restriction that online casinos impose on no deposit bonuses is the maximum win limit. For example, you may have gotten 10 free spins but the maximum winnings allowed from these free spins are capped at $50. Therefore, no matter how lucky you get or how well you play, you can only make a maximum of $50 from the bonus.
This is precisely why a no deposit bonus with high max winnings limits gives you more room and possibility to maximize your profits from a no deposit bonus.