Introduction to No Deposit Bonuses

There are a variety of different types of promotions in the online casino world, but one that seems to get the attention of players most than almost any other is the set of no deposit casino bonuses that players can find from a variety of sites. Not all Internet casinos will have a no deposit bonus offer, but you’ll have no problem finding several of them to play with since they’re very prevalent. As you’ll see below, this is one of the keys to maximizing your odds of turning a profit with these deals.

Many people want to know if these deals are worth your time and if it’s possible to actually come out on top. We’re going to answer these questions and break down every single thing that you could possibly want to know about the terms and conditions of these special offers while simultaneously offering practical advice for players who take advantage of them.

What’s in it for the Casino?

There’s a saying that’s there’s no such thing as a free lunch, and a lot of people think of that saying when it comes to claims of free money from casino sites. Along these lines, you’re probably wondering, first and foremost, what the casino gets out of it when they give you a free bonus with no deposit attached.

First off, consider the value of the deal that they’re giving you. It’s no secret that most people who receive one of these offers do not end up cashing out, and with maximum cash out values like the ones you’ll read about below, they can manage exactly how much risk they are putting themselves at for each individual player who claims the bonus. If there’s a $25 no deposit bonus and only ten percent of players profit with an average cash out of $50 in winnings, then the casino is losing an average of $50 for every 10 players who use the offer. That averages out to $5 per player that they might expect to lose on average for this promotional offer, which is a lot less than $25 per player.

Second, consider that it gets players in the door that wouldn’t have otherwise stuck around. While giving players a chance to try the software and see how they like the games, it also creates a scenario where a certain percentage of players will make a real money deposit who wouldn’t have otherwise. If the casino in the above example is able to get more than $50 in deposits for every 10 players who accept the offer, then they are actually turning a profit, with all things considered, on the no deposit bonus.

This should answer the question about what’s in it for the casino. However, if you’re wondering if you can have real chances of getting real money prizes with these offers, then the answer is yes. With that having been said, you’re going to need to know a lot about the terms and conditions of the deal, and that’s what we’re going to take a look at next.

Terms and Conditions

There are a variety of terms and conditions that players need to know about with no deposit casino bonuses that are a bit different than those of regular deposit bonuses and other types of promotions. Make sure that you understand these rules, and our suggestions for how to game the rules, pretty well before you start working on one of these offers to maximize your chances of success.

Wagering Requirements

The most basic rule you’re going to have to follow is that of a wagering requirement. For example, if there’s a $10 no deposit bonus with a 50x wagering requirement, then you’ll need to make a total of $10 * 50, which is $500, in total bets before you’ll be able to cash out your winnings.

To game this wagering requirement, you should look up the RTP for the games that are offered through the casino you’re playing with and pick out the ones that are the highest. The RTP is the average return to player, and it reflects the house advantage. An RTP of 98 percent corresponds to a house advantage of 2 percent, for example.

Additionally, you should keep up with how much you’ve wagered exactly so that you know when to stop playing because the bonus has been cleared. You don’t want to clear the play-through requirement without realizing it and accidentally keep playing and lose part of your winnings.

Maximum Cash Out Amounts

A lot of these no deposit deals have a maximum cash out value. This value corresponds to the absolute most they want you to be winning from the offer, and it’s a pretty big deal because it changes how you play the games you’re playing while simultaneously affecting your game selection in the first place.

Gaming the system around a max withdrawal for a no deposit bonus mostly just involves not accidentally killing your own value. For example, if there’s a $100 maximum cash out value, but you’re playing a slot where the top payout would give you a $500 prize, then you’re killing your own value by effectively turning that $500 top prize into a $100 payout. If you were playing for real money, you’d never let a casino do that, so there’s no reason to do it to yourself.

Always be aware of how much you can get paid with the top prizes in the games you’re playing, and keep those values at or below the amount of your maximum cash out for the bonus.

Cashability

Cashability describes whether or not you can cash out the actual bonus offer once you clear the play-through requirements. A non-cashable bonus will have you cashing out your winnings only, and your actual starting bonus amount will be deducted. With all else being equal, you’d prefer to have a cashable bonus because it’s a lot easier to profit from, but the fact of the matter is that there aren’t a lot of these to go around. If you’ve decided to only play a few of these types of bonuses, however, you’ll do well to try to stick to the deals that allow you to cash out the bonus itself if you come out on top.

General Strategy for No Deposit Bonuses

Execution-and-Strategy-2There is a bit of strategy involved when it comes to clearing no deposit bonuses, which you’ve seen with how you can maximize your chances of coming out on top by gaming the above terms and conditions we’ve mentioned. However, there are some other strategic ideas that you should be aware of.

Mini-Bankroll Management

You have to consider your overall bankroll management of this miniature bankroll you’ve been given. Depending on the exact terms and conditions of the offer, you may want to shoot for some fast and furious action right out of the gate so give yourself a chance to kick your account balance up a bit. This course of action is best when the wagering requirements are pretty high, and you’ll need a big win at some point just to keep yourself a float. You might as well try for that big win right away instead of wasting your time.

Understand that bankroll management for these offers is a bit different than bankroll management when you’re playing normally. You don’t normally have enough money with one of these deals that it makes sense to be conservative. However, you do need to decide just how fast you’re going to play with your money to maximize your chances of winning based on that particular deal’s terms and conditions.

Start With a Plan: The Numbers Game

The fact of the matter is that you don’t have a huge chance of coming out on top when you claim a no deposit bonus. This is why you have to approach these offers with an overall plan that includes a number of no deposit casino bonuses that you plan to claim one after another to maximize your chances of turning a profit with at least one of them. This is a numbers game, and the more of these bonuses you claim and try to work through, the better your odds of turning a profit at some point.

We suggest that you set up a list of anywhere from five to ten of these special offers that you plan to claim, and you should just work through them one at a time until you’re done with the list. From there, you can decide to either make a new list or use your winnings to make a real money deposit. In any case, you absolutely must play the numbers game by claiming several no deposit bonus offers if you want to have a good chance of profiting.

Is it Worth the Time?

Many players want to know if it’s worth their time to take on this approach of using the numbers game. The answer to that, unfortunately for many, is that it depends. If you were going to be playing free casino games anyway, then it’s a good offer since you’re getting a chance to turn a real money profit. On the other hand, if you typically play for real money and just want to see what no deposit bonuses are all about, then you’ll probably get through one or two of them before you get bored. It’s just the nature of this type of promotion, and there are some people who will love them and some people who won’t get much entertainment out of them.

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