Article Summary: There are terms and conditions associated with no-deposit bonuses and each no-deposit bonus has wagering requirements you need to meet in order to withdrawal your winnings if you have won using the money from the bonus. Here are a few importance things about no-deposit bonuses you have to know.
(c) Bill_Carton
No deposit bonus is the free money given by online casinos to new players for the purpose of testing their casinos at risk free. Even though the purpose of no-deposit bonuses are offered with a similar purpose from various online casinos, there might be different terms and conditions being applied to these bonuses.
Even though you have nothing to lose by accepting no-deposit, not all no-deposit bonuses are offered in equal. There are terms and conditions associated with no-deposit bonuses and each no-deposit bonus has wagering requirements you need to meet in order to withdrawal your winnings if you have won using the money from the bonus. Here are a few importance things about no-deposit bonuses you have to know:
1. Claimable and Non-claimable bonus
Not all free bonuses can be claimed. What does this mean? Let's I explain by using example so that you have a clear picture on what are the differences between these two types of no-deposit bonuses:
For example, an online casino is offering $60 no-deposit bonus for new players to try its real-money casino environment. You sign up a real-player account with the casino and claim the no-deposit bonus. Once the bonus is deposited into your account, you can use the money to bet on games.
If the no-deposit bonus is a type of non-claimable bonus, when you win and meet the wagering requirements for withdrawal, you only allow to withdraw the money that you have won, not the bonus itself. Whereas, if the bonus is a claimable type, you are allowed to withdraw the money you have won plus the $60 no-deposit bonus.
2. Wagering requirement
You need to meet the wagering requirements in order to be able to withdraw the money won with the no-deposit bonus. You have to read the terms carefully, the wagering requirement is normally be stated in the X times of the bonus amount. It must be a reasonable figure. Don't accept the no-deposit bonus if you find the wagering requirement is too high. Generally, 10x to 200x are common and reasonable requirements set by most online casinos. It is to protect the abuse of bonus by the players who try to take advantage of this free money. For example, if a casino is offering $60 no-deposit bonus with 10X of wagering requirement, you have to wager for $600 before you are allowed to withdraw the money you have won with the free money.
3. Not all games are counted toward wagering requirement
Most casinos allow you to use the no-deposit to bet on any game, unless the bonus is offered to a specified game, but generally there are games not counted toward wagering requirement. So, you have to read the terms and understand the requirement before claiming the bonus.
4. Types of No-deposit bonuses
It is not necessary to be in the form of money, no-deposit bonuses can be offered in the number of hours for free plays or number of free spins, normally applies to slot machines and video poker. You will keep the money you have won during the free hour plays or free spins.
Summary
No deposit bonus is free money offered by online casinos to new players for the purpose of letting the players to test-play the casino in real-money deposit. You should take the advantage of the bonus after understanding it likes what has been explained above.
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Bill_Carton
Bill Carton is authors focusing on online gambling topics. He also reviews the best online casinos. Visit Bill Carton at http://www.online-gambling-strategies.info to find various online casino gambling tips, strategies and resources.
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