You may wonder why online casinos give away free money, but the truth is that any new slot sites’ no deposit bonus often comes with high wagering requirements and restrictions that need to be considered before you can withdraw any of your winnings. Casinos only do this to prevent bonus-code abuse – after all, new no deposit slots are meant to encourage you to try out new games and not cash out as soon as possible.
So let’s say you get £10 on new slots no deposit required. The wagering requirement is x35. This means you will have to bet 10 by 35, which is £350, before you can withdraw cash. The majority of bonuses may only be wagered on online slots, but some allow you play other games such as blackjack. It’s often the case that bonuses are only granted on slots, so stakes for other games will not contribute to the wagering. Make sure to read the terms and conditions of each site for details on wagering requirements as well as game restrictions.
Types of No-Deposit Bonuses
No-deposit bonuses essentially come in four different forms.
- The first is bonus cash, in which the casino gives you a small amount of money to play with. Most often the bonus is £10, but there are a few casinos that are more generous, giving up to £30, such as Winner Casino.
- Next is a free-spins bonus, which is only applicable to new slots no deposit bonus. As the name implies, this bonus gives you a number of free spins on slots without having to make a deposit and allows you to keep any winnings from playing. Leo Vegas, for example, offers a good package of bonuses that includes 200 free slots for new players, 20 no-deposit spins upon joining and a 200% bonus with your first deposit. The downside is that this bonus is limited to specific countries and comes with a time limit in which you have to use the free spins.
- The third bonus new no deposit slots offer are free play, which gives you free credits to use within a certain time frame. A number of credits can be kept if it is above the initial sum of free cash received. For instance, Casino Classic offers a £500 free-play bonus for one hour of gaming, during which you can keep what you win.
- Lastly, a cash-back bonus refunds a percentage of net losses you have incurred for a predefined period of time. Normally it comes in the form of credits that can be used in real-money gaming. No Bonus Casino, for example, gives 10% cash-back on losses every day with zero restrictions.
With no-deposit bonuses introduced, a new casino no deposit promo literally offers free money to prospective customers simply for opening up an account. This type of bonus is geared to offer the flavour of playing with real money without requiring a customer to commit any money of their own. The idea behind it is that once prospective customers have played their way through their free bonus, they’ll want to continue playing with their own money. No-commitment bonuses such as this have the potential to tap into a wider market base by appealing to a wider range of individuals. For example, Mummiesbingo.com targets female players who are mothers. Their no-deposit bonus gives their new members the chance to play bingo for free as well as socialise with other members they’re much more likely to have things in common with. As well as appealing to niche markets like this, a new no deposit casino bonus is aiming at attracting people who may enjoy the slot machines and have dabbled in playing on free websites but are still hesitant about depositing because they’re unsure as to how it all works with real money.
Even so, the different types of offers and bonuses with their rules of play and small print can still set anybody’s head into a spin. Terms and rules can vary from site to site and can even apply differently to different customers – for example, they can be based on the currency they use or where they live.
New no-deposit casinos introduce new customers with their bonuses to the sometimes complex terms and rules without the worry that they may be committing their money to something they don’t fully understand. If anyone ever wondered whether a new no deposit casino bonus was too good to be true, then the answer is that they’re not just handing out money for customers to take away with them. The whole point is to introduce new customers to the online casino experience, and so there are rules and conditions as to how that bonus can be used, which can vary from site to site.
The most common variations come in the form of caveats attached to the bonuses on offer, although this rarely involves any cost to the customer. For example, a common condition for the bonus is the time limit – your free bonus is only available for the space of one hour, and you can use it all up as long as you make your bets or play within one hour of signing up. Another example might be that your bonus is released to you in stages – you might need to play a certain number of hands before the next portion of your bonus becomes available to you. Conditions regarding withdrawals are quite common – most of the time you are not allowed to withdraw your winnings or any remaining balance of your bonus until certain criteria are reached. This might include a minimum number of bets placed or a certain amount of activity within a certain time limit. Terms and conditions about the eligibility of your bonus can extend to the size and types of bet made, and certain types of games may be excluded.
So even once you’ve established whether or not you even qualify to be a customer, the terms and rules can seem like a minefield. That said, a reputable new no deposit casino will make their terms and rules as clear as possible.
And this goes for the regulation, too. It’s one thing to lose your money through gambling on slots. It’s another to lose it through a dishonest online site. For new UK online casinos to be in line with the 2005 Gambling Act, they are required to be licensed by the Gambling Commission, which regulates all aspects of commercial gambling in the UK, including the National Lottery. Typically, new online casinos with no deposit bonuses display their licence on the footer of their website. UK sites should also have a certification from an organisation such as eCOGRA. This shows that the site has been audited to ensure that it meets strict standards of fair play.
Other Types of Bonuses
The most generous types of bonuses by far are the sign-up bonuses. These welcome bonuses, as they are generally termed, are designed to draw potential customers on to their websites in the same way that any retailer would offer promotions to draw potential customers into their stores. Since welcome bonuses are structured to give a good first impression of the online casino and all of the games that they offer, and online casinos don’t have the overheads that traditional casinos have, they can afford to offer very attractive bonuses designed with the first-time gambler in mind. The aim is to encourage a customer to open an account and then fund it in order to take advantage of the promotion on offer. Once the account is open, they’re more likely to stay.
Of all the welcome bonuses, the match bonus variant has been the most common on offer. This is a bonus that is granted as soon as a customer opens an account and deposits money into it for the first time. The casino encourages the customer to make a larger initial deposit by immediately matching whatever the amount might be, effectively doubling the bankroll. There are variations within the match bonus too, with some casinos putting in an even greater amount than the customer’s contribution. It’s been an effective way of attracting new players. But now online casinos are going further with an even more powerful and attractive type of bonus – one that doesn’t require any contribution or commitment from the customer. This is the no-deposit bonus.