The truth about no deposit bonuses
Online gambling sites offer “No Deposit Bonuses”. Are this really free cash? Is it possible to make money out of it? A deeper look at free casino promotions.
Some online casinos, betting, poker sites and bingo halls offer No Deposit Bonuses and Free Bets to new customers when they join their site. This kind of advertising is done by many gambling sites to lure in more players on their sites. The promise of free cash always attracts people. Are they really free? Are theyreally worth one’s time. Let’s investigate deeper.
Are no deposit bonuses real?
Yes they are real. Most of them that is.
Although there are a few sites who offer the bonus, but make it non-encashable. That is you can play casino games with it, but can never withdraw any winnings. Though they usually hide this fact deep in the promotional pages of their websites. The details are found only in the specific terms & conditions associated with the bonus.
Types of free no deposit required promotions:
The types of bonus requiring no cash deposits are somewhat similar for Betting, Casino, Poker and Bingo sites although some distinctions are there in the rules/restrictions for withdrawal of winnings made from the bonus.
No Deposit Casino Bonuses
In respect of no deposit casino bonus, there are three main types. One is the type where a certain amount of cash credit eg. £5 is credited to the account of a new member. This bonus can be used to play the casino games immediately. It is the most common of these bonuses.
The second type if also given as free credit but is time limited. They are also called Free Play Bonuses. Time limit to use the bonus is usually 1 hour. There are only a handful of these types of bonuses.
The third type is given in the form of free spins. For eg. 30 free spins without deposit. These are usually playable on a specific games or set of games.
No Deposit Poker Bonuses
In case of no deposit poker bonus there are two main types. One is the direct offers from the Poker rooms. This free offers are similar to no deposit casino. A certain amount of money is credited in the account which can be used to play poker with. Eg. £10 no deposit poker bonus.
The second type is offered in the form of free entry tickets to poker tournaments.
No Deposit Bingo Bonuses
No deposit bingo bonus are also of three main categories. One is again the same as the other casino bonuses where a certain amount of cash credit is put in the account which can be used to purchase bingo tickets. Eg. £5 bingo bonus without deposit. In another type, the bonus is given in the form of bingo tickets. Eg. 20 tickets worth 0.10p each. Another slightly different promotion is given in the form of free bingo games. These free games are offered in specific bingo rooms at a particular time of day/night or days/set of days.
No Deposit Free Bets
A few sports betting sites also offer no deposit free bets. Eg. £5 free bet without deposit needed.
Rules/restrictions on the cash-out of winnings – Wagering Requirements
There are rules which must be met before withdrawal of money won using the free bonuses and free bets can be made. The main rule is called Wagering/Cash-out requirements(WR). This restriction for casino, betting and bingo is somewhat similar. A specific times betting of the bonus amount is necessary before the money won is permitted to be taken out of the account. Eg. 2x – meaning two times bonus. For a bonus of £10 a minimum of 2×10 = £20 must be spent playing the games before cash out.
It also must be noted that wagering requirement may be restricted to certain kind of games only. For eg. for some casino bonus, playing live casino games like roulette, blackjack etc will not be allowed. In other cases, the lower-risk games will contribute less than other games like slots. Eg. slots – 100%, Video Poker – 10% etc.
In most no deposit bonuses, there are limits to the amount of single bets you can make. Eg. £2 per single bets. If you bet more than that amount, it will not count towards WR.
There also might be other restrictions like for play in roulette, bets are not allowed to cover more than half the numbers.
In the case of poker, the WR is in the form of a minimum poker points that must be earned, say for example, 80 points. This means that the points must be earned by playing poker before cash withdrawal is allowed. Poker points can be earned by spending the bonus on entry fee for tournaments and Sit n’ Gos and cash rake.
Another rule that may or may not be combined with WR is the minimum deposit. A player is required to deposit a minimum cash amount say $10, before any withdrawal is processed.
So is real cash winnings possible with these free bonuses
The chance is definitely there. Although it has to be said that most players will not win anything from it. The Wagering requirements set for most gambling sites are around 25x to 120x for Casino. Bingo usually is 2x to 5x. Sports Betting may be from 3x to 6x. And for Poker usually around 80 poker points. Players have to bet whatever wins they first made over and over again. Therefore most players are bound to lose all the bonus and winnings before them become eligible to withdraw.
Due to the wagering requirements and cash-out rules for no deposit bonuses, only a few very lucky player could come away with real cash winnings. Therefore these type of bonuses will be more useful for those who love playing the games. Those that do not really expect to reap cash rewards but want to enjoy free casino games and those who want to practice play will generally find it useful. But then who knows, the lucky ones might even be winning tons of cash for free. Who knows you could be the 1% guy.