No Deposit Bonus Codes: What's the Catch?
All you have to do is sign up using your personal details and then enter the bonus code, which is usually found on the casino's promotion page. However, sometimes there are no bonus codes and, if that happens to be the case, all you have to do is sign up to the casino. What's not to like about this type of bonus? At the end of the day, who wouldn't want to try out a new casino without having to risk their own money? Some casinos allow you to play their games for free, but you are not using real money here, so can't win any real cash.
Now, casinos have to protect themselves here. It would make absolutely no sense if they were to give people money to sign up to their casino, let them win some more, withdraw it, and then walk away with some free cash. This is where wagering requirements come into play. So, what are the wagering requirements? Well, to put it as simple as possible, it is an amount that you must bet before you will be allowed to withdraw that money from the casino. However, it must be pointed out that we are talking about money gambled and not about money lost. Are you confused? Don't worry; we will now explain it in depth.
Understanding the Wagering Requirement
Many new casino players think that you have to lose a certain amount of money before you can withdraw any money from your account. In other words, some people believe that if they are given a No Deposit Bonus of £20 with wagering requirements of 30x, then they must lose £600 before they can withdraw money from their account. To help make it clearer, let us say that you are on a slot machine and you play 20 times at £2 per spin, meaning you have wagered £40 in total. Let us, for argument sake, say that you win nothing on 10 spins, but on the other 10 spins, you win £5 each time.
Therefore, your total winnings are £50, less the £20 of your own money that you spent on the losing spins, leaving you with a profit of £30. However, in the eyes of the casino, you have still wagered £40 (20 spins at £2 a go) even though you are sitting there with a nice £30 profit. It does not matter what you win or lose; all that matters is the amount that you have gambled overall. For example, if a casino gives you a £20 no deposit bonus that has a wagering requirement of 30x, you must rollover the £20 30 times before being able to withdraw.
Different Types of No Deposit Bonus
No deposit bonuses can come in a number of different forms. We will now take a look at the four main ones (Bonus Cash, Free Spins, Free Play, and Cashback) in detail.
Bonus Cash: This is the most commonly awarded no deposit bonus and is straightforward to understand. All that you have to do is set up an account at the casino in question using your personal details and, once you have done that, the bonus funds that you were promised will appear in your new account balance straight away. You make use of this bonus cash until you have lost it, or until the wagering requirements are satisfied and it turns into real money.
Free Spins: While bonus cash is the most commonly awarded no deposit bonus, this one is, without doubt, the most popular type of no deposit bonus. Once you have input all of your personal details at the casino, you will be rewarded with a number of free spins. Usually, this is on certain slot games, but there are some casinos out there that will allow you to use the free spins on any slot game of your liking. However, while this sounds very enticing, it must be noted that this type of no deposit bonus often comes with pretty hefty wagering requirements.
Free Play: If free spins are the most popular type of no deposit bonuses, this one is the least popular. This is because it does not convert into real cash at any stage. Instead, it just allows you to try out the games on offer for free. If you land a win, you don't get that winning.
Cashback: This type of no deposit bonus is often offered as a means of convincing players to stick with a casino. Some casinos will provide cashback on particular games, while others will give you a percentage of your losses back every week, making this one of the better no deposit bonuses.
Those were the four main no deposit bonuses, but some others are not as common. There is the Time-Based No Deposit, which is pretty rare. However, there are still some online casinos out there that continue to offer it. They provide free spins or cash, but you have a set period of time to use them. There are also wagering requirements that should be met. Another one is the Wheel Bonus. Some casinos give new players a chance to spin a wheel, which will reward you with free spins or cash. You won't know what you are getting until you spin the wheel.
Online Casino Canada No Deposit Bonus
If you are in Canada and are on the lookout for online casinos that offer great no deposit bonuses and accept Canadian players, keep reading as we are about to provide you with some enticing casinos that you should have a look at.
- Cashmio: A fun casino that will give you 20 free spins on the game Easter Island.
- 888 Casino: They will give new players an $88 no deposit bonus. No bonus code is needed to redeem this offer.
So, Are No Deposit Bonuses Worth the Hype?
This will always boil down to what you prefer. These types of bonuses are fantastic if you are a casual player who is looking to try a casino and the games that it provides without having to risk any of your own hard-earned money. However, as mentioned above, no deposit bonuses are often accompanied by big wagering requirements that must be met before the money becomes "real". You need to be fully aware that this is not a way to win lots of free cash. No deposit bonuses are merely an excellent means to test the water at a new casino.