What is a No Deposit Bonus?
At a time when there are well over 1,000 online casinos, bingo sites, poker rooms and sportsbooks to choose from, today's online gambler is looking for the best promotions from the most reputable sites. The reality is that most online gaming sites offer quite similar products.
In the eyes of potential players, the casino, poker and bingo sites are usually separated by the depth of their promotions and bonuses.
Click for details on choosing an online casino, what is a first deposit bonus and what are wagering requirements?
A Risk-Free Opportunity to Experince a Casino
In recent years, casinos have been looking for unique ways to draw new customers in a highly competitive industry. Most of them offer a rather comprehensive bonus package, but even those packages have become generic to some extent. Many online casinos have begun to realize that the best way to introduce potential players to their site was through a promotion called a "no deposit bonus". As the name implies, this is a promotion that offers a beginning bonus to the player whether they make a deposit or not. The only requirements are opening an account and providing all the necessary information.
The amounts offered from these no deposit promotions are usually very small, something like $5-$50 USD. The bonus is intended to do two things. First, it gives the player ample opportunity to explore the site and play a few of the games with no risk. The second reason is that the casinos hopes the players will get inspired to join if they experience a little success playing some of the site's featured games.
Understand the Rules of the No Deposit Bonus
Of course, nothing is completely free in the gambling industry. It is always incumbent on a player to make sure they understand the rules and regulations regarding any promotional offering. There are two particular rules involving no deposit bonuses that need to be understood. First, the casinos will usually restrict the games and maximum bet amounts applicable to the bonus amount. The unrestricted games are usually the ones that most strongly favour the casino. The maximum wagers are set low enough to assure the player doesn't accumulate big winnings in a short period of time. When using this bonus, the player is required to make a certain number of wagers, or they may be required to gamble for a certain amount of time in order to actually earn the bonus.
The second rule that can prove quite cumbersome for the player is the "rollover" rule. Most bonuses have some type of rollover restriction attached to them. For no deposit bonuses, the wagering requirement can be quite significant: as high as 20X-100X. For example, a player may be given a $25 USD no deposit bonus. At a 50X rollover rate, the player will have to make gross wagers exceeding $1,250 USD. After exceeding that amount, the player is then permitted to withdraw any "net" winnings. However, there is usually one more catch. The casino then requires the player to make an actual deposit before they can withdraw their winnings. The casinos don't make it easy, but they are not in the business of giving money away.
For the player, the no deposit bonus is a nice incentive if they are willing to tolerate a few promotional e-mails from their host. There are other types of no deposit bonuses such as a free entry into some type of tournament. Additionally, sports books have been known to offer no deposit bonuses to new customers as well as established customers, whose accounts have been idle for an extended period of time. The whole premise behind the no deposit bonus is to find a way to get players into action on the casino's site.
One other thing to consider about no deposit bonuses is that they are usually offered by newer casinos that are attempting to build up their customer base. By offering the get acquainted opportunity, the casino or sports book hopes to catch their fair share of new customers. Players should always be wary of new casinos until they have established a good reputation.
Posted by CCJ Team