How to Identify the Best Casino No Deposit Bonus
They are widely available, easy to claim, but most importantly they are free! No deposit bonuses have been around since the moment the first online casino went live. They’ve become a core element of online casino promotions. The reason is rather straightforward. Players such as you enjoy them, they have fun and win. However, if you want to scoop some winnings and actually withdraw at some point in time you better choose carefully, wisely is a more appropriate word.
We’re going to take a look at two scenarios, two different players, Bruce and Clark. Bruce tends to claim no deposit bonuses based on their terms and research. Clark takes a totally different approach, he is reckless and impulsive.
Before we take a look at the scenarios, we’re going to talk about the process of how you should choose and claim online casino no deposit bonuses if you want to make a profit out of them.
Check the Trinity of Terms – Wagering Requirements, Cashout Limits, Qualifying Games
No deposit bonuses are like any other online casino bonus offer, but they’re free. This is what sets them aside from the rest. All casino bonuses and promotions come with a set of terms that must be abided by. The core terms that define the quality of a no deposit bonus are its wagering requirements, any cashout limits and what games you can actually play with the no deposit bonus funds.
Because they are free of charge, no deposit bonuses tend to come with higher wagering requirements than deposit bonuses. If the no deposit bonus has wagering requirements of 50x the bonus amount you need to place bets amounting to 50 times the bonus amount. To illustrate, if the no deposit bonus amount is $10, you should place $500 in bets on qualifying games.
50x the bonus amount is a benchmark, an industry average if we may say so. Every bonus below 50x can be considered as too good to be true and you should check a few more things before you press that claim button. No deposit bonuses with wagering requirements of 65x or more are seen as poor, because it’s highly unlikely that you will manage to complete the requirements in time. No deposit bonuses with wagering requirements of 40x to 60x are awesome!
So, wagering requirements, check!
Basically, all no deposit bonuses come with a cashout limit. Usually, the higher the amount of the bonus, the higher the cashout limit will be. However, don’t jump into premature conclusions. Don’t forget about the wagering requirements. They will also be higher. If you stumble upon a no deposit bonus with a maximum cashout limit that’s at the very least 5 times the bonus amount, you should go for it. It’s risk free, yet you’re a potential winner. Online casinos advertise the maximum cashout limit with a definite amount, between $20 and $500. Although very rare, there are no deposit bonuses with cashout limits as high as $1,000. We might as well call them unicorns, because they’re so rare.
Lastly, you should check what games can be played with the bonus funds. In most cases, you’re allowed to play slots only, but certain online casinos extend the qualifying games list to keno, scratch cards, video poker, and in some instances blackjack and roulette. Regardless, check the terms as this particular area is of paramount importance. If you’re a slot player, then you have nothing to worry about.
Meet Bruce – Cautious, Careful and a Passionate Player
Bruce loves slot games, but he occasionally likes to test his skills in video poker and blackjack. Bruce also is very fond of casino bonuses, especially no deposit bonuses. Over his long online gaming experience he learned that the devil is in the details. Since he likes to have fun, but he also likes to profit from no deposit bonuses, he chooses carefully.
First and foremost, Bruce identifies the bonus amount. Next he checks the terms of the bonus, such as wagering requirements and the maximum cashout limit. His preferences are no deposit bonuses with 50x bonus amount wagering requirements and cashout limit of at least 10x. Then, he checks what games he’s allowed to play. If he can play slots only, he does just that. He plays his favorite slot games, or he test one of the recently launched games.
Bruce then claims the bonus, starts playing and eventually if Lady Luck is smiling at him, he wins. He completes the wagering requirements in time by playing with a predetermined strategic approach. With the wagering requirements fully complete Bruce can now submit the necessary documents and withdraw his winnings. Bruce is happy now. Be like Bruce.
Reckless Clark Laughs in the Face of Bonus Terms and Conditions
It PAYS to be careful and modest. It’s FUN to be reckless in gaming. Clark here tends to disagree with us. Just like Bruce, Clark also wants to profit out of no deposit bonuses. However, he’s been through a rather rough period, mainly because of his poor choice of no deposit bonuses.
Fortunately, he can’t lose anything, but he hardly ever cashes out. To be frank, he never gets to the point to withdraw his winnings. Take is a bad management of investments.
Clark does not pay attention to the wagering requirements, nor he cares about the maximum cashout limits. He’s been in situations when he wins big, but loses it all on his was to complete the wagering requirements. Another sad situation is when he wins big, but is unable to withdraw the full profit because of a low cashout limit.
Oh, our favorite one. Clark claimed a no deposit bonus that allows players to play slots only. He wasn’t aware of this. He failed to complete the wagering requirements, because he was playing Keno all the long. He contacts customer support, starts to argue, but deep down he knows it’s his fault.
Clark is not happy. Don’t be like Clark.
Treat Yourself With a No Deposit Bonus
We have plenty of no deposit bonuses in our bonus database. Check out our no deposit bonus listing and see if you can find the best online casino no deposit bonus available.
- Wagering Requirements
- Cashout Limit
- Games That Contribute to Wagering Requirements
If you’ve been recently introduced to casino bonuses in general, you might want to check out our No Deposit Bonus 101 Guide. You’ll find the information similar to the one you found here, but with a whole lot more detail.
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