For years, casinos have been enticing new gamblers with an array of bonus offers and loyalty schemes. In the vast majority of cases, these betting bonuses require you to transfer some money before you can claim your bonus. Once the transfer is made, you can claim your bonus and use it to gamble, or you may be entitled to free spins on the slots. And while the standard format of deposit and bet is the most common, there are exceptions where you don’t have to deposit a penny. Sounds too good to be true?
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What is a No Deposit Bonus?
A no deposit bonus allows you to gamble for free and keep your winnings without having to deposit any money. It’s offered to new casino customers and all you have to do is sign up and register. Usually, the bonus is a small amount of money, free bet tokens, or free spins.
Is There a Catch?
While the opportunity to gamble (and win real money) for free sounds incredibly generous, it’s important to understand the terms and conditions which can vary from casino to casino.
The most common condition is wagering requirements. This stipulates that you have to have gambled your bonus a certain amount of times before you can withdraw it. It’s usually expressed as a multiplier, for example 35x.
Also, beware that bonuses expire. Look out for a message along the lines of “expires in 7 days”. Whether it’s valid for 7 days, valid for 14 days, or a longer period, always check any time limits and ensure you take action before you lose your bonus.
However, there are sometimes wager-free no deposit bonuses offered. While rare, they allow you to can cash out whenever you want.
No deposit bonuses aren’t always just for new customers. Sometimes, existing customers are given a no deposit bonus in return for their loyalty. However, these are usually given to customers who have been playing at the casino for a while and will have made a minimum deposit in the past.
If you are a regular gambler at a particular casino then keep your eyes open for ongoing bonus offers. An example of a valuable offer that sometimes becomes available is if you gamble $25 in a given week then you receive a free max $10 free bet in the following week. Here, you don’t have to deposit any additional money, and you can use money that’s already in your account.
If you’re not a big fan of casino games and would rather bet on any sportsbook than play a hand of blackjack then you may find plenty of bonuses relating to sports gambling. For example, a “$30 in free bets when you place you first $10 sports book bet” offer is not uncommon. This bonus allows you to bet on a variety of sports.
However, one of the common limitations of some of these bonuses is that you can’t bet on the favourite. In the terms and conditions, you may see a condition along the lines of “Register now and place $10 or more on your first Sports bet at odds of Evens (2.0) or greater to receive a bonus of $20”. To qualify for this bonus, a single bet must be more than $10 and the odds of the bet must be even or greater. Usually, free bet stakes are not included in any returns and are non-withdrawable. There are also time limits associated with these offers. For example, within 14 days bets must be placed.
If, after all, you decide you do have spare cash to deposit in a new casino account, then deposit match bonuses are also popular to attract new customers. The more money you deposit, the bigger your bonus. However, it’s important to notice that they have minimum and maximum amounts. For example, if an offer states “min. deposit $10, max. $100” you have to make a minimum deposit amount of $10 and the maximum bonus you can claim is $100.
While the lure of bonuses can attract you to gambling, it’s important to ensure you gamble responsibly. If you’re new to gambling, take things slow and never gamble more money than you can afford to lose. If you find gambling is becoming problematic, or someone you know has a gambling problem (even if they’re under 18), begambleaware.org can offer free advice and resources to help.
Whenever you’re looking to take advantage of a casino bonus then it’s essential to check the terms and conditions. Don’t just look for the highest amount of cash being offered. Check how soon you can withdraw any winnings and keep in mind expiry dates. If you’re a loyal customer then your casino may offer you random bonuses that are well worth taking advantage of.
And, if you’re goal is to win real money without ever making a deposit then it is possible. Just look out for a casino offering a no deposit, wager-free bonus.