Your guide to online casino no deposit bonuses

Online casino gambling has taken the internet by storm. Boasting an estimated market value of $59.6 billion in 2020, the industry is projected to reach $127.3 billion by 2027, registering a CAGR of 11.5% between now and 2027.  This massive growth potential makes online gambling overly competitive, with new online casinos entering the market every day. 

To remain competitive, online casinos are increasingly coming under pressure to devise creative ways to acquire new customers and retain the existing ones. And what better way to do so than to offer no deposit bonuses?

As the name suggests, no deposit bonuses allow you to play real money games and win, all without risking your bankrolls.  Ranging from $10 – $50, the no deposit bonuses are typically limited to select games, although some online casinos allow players to wager on any game. And just like the deposit bonuses, the no deposit bonuses come with wagering requirements, which you need to fulfill before cashing out your winnings. 

Different Types of No Deposit Bonuses

Depending on the online casein you choose, there are several types of no deposit bonuses, some of which offer better perks than others. Below are the four primary categories of no deposit bonuses:

Standard No Deposit Bonuses

The standard no deposit bonuses are exactly what they sound like. They offer a set amount of money upon opening an account as a new player. This money is automatically credited into your account and you can then use it to play all or select games. They also come with wagering requirements, which prevent you from immediately cashing out the bonus or the winnings.

Free Spins

Free spins are the most common no deposit bonuses in the online gambling realm.  As the name suggests, they allow you to play all or select slot games, all without risking your bankroll. Depending on the online casino you choose, the value of a single free spin varies between $0.05 and $0.1, and they can be rewarded as a standalone package or as part of a cash bonus package.

Cashable Bonuses

Cashable bonuses are the most popular no deposit bonuses among players. They allow you to win real money at zero risk, although you need to fulfill the attached wagering requirements. Depending on the casino you choose, the cashable bonus may or may not come with a winning cap, meaning you can only win up to a certain amount using the bonus. 

Non-Cashable Bonuses

Although they are nowhere near their cashable bonuses, the non-cashable bonuses are equally important to any player. Right off the bat, they don’t have any monetary value attached to them, meaning you can’t win real money. With that said, however, they do allow you to cut teeth on new games and learn the rules of the respective games during your free time without risking your bankroll.

How Does a No Deposit Bonus Work?

The no deposit bonuses work under a very basic principle. You need to start by creating an account with the respective online casino, upon which you become eligible to collect the offer. It can be automatically credited into your account or manually redeemed via the promotions lobby on the casino’s website. 

Needless to say, you can only cash out the winnings accrued using the bonus upon satisfying the attached wagering requirements. The only difference is the fact that you don’t need to risk your own money up-front. 

Benefits of a No Deposit Bonus

Whether it’s additional rounds or extra cash or, there are several reasons why the no deposit bonus stand out from other bonus, including: 

  • Additional playtime 
  • Reduces the risk of depleting your bankroll 
  • Instead of killing time watching Netflix gambling movies to learn your way up the ropes, you can use the no deposit bonus to play the actual games, risk-free.

Final Thoughts

The no deposit bonuses are a win-win to both punters as they are to the casino operators. As a player, you get to play real money games and potentially win, all without risking your investment. For the casinos, they work as a great marketing caduceus to attract new customers, who in turn guarantee business continuity. With that said, however, not all no deposit bonuses are created equal. As such, it is important to read and understand the fine print of each offer to ensure you get the best bang for your buck. And with this guide, that shouldn’t be a problem.