Foreword｜Money88
Since the birth of the first online casinos, it has been a tradition for online casinos to offer great bonuses to old and new players as an incentive to play on their platforms. While bonuses are intended to gain a competitive advantage, they provide players with a financial advantage. A common type of bonus at most online casinos is the deposit bonus. Also known as a match bonus, players must make a deposit to their gaming account to be eligible for a deposit bonus.
However, some online casinos offer a different type of bonus called a no deposit bonus. We have prepared an article with all the information you need about no deposit bonuses. read more.
How does the no deposit bonus work?｜Money88
As the name suggests, no deposit bonuses do not include making a deposit as the main action to be taken by the player. In fact, no deposit bonuses are cashable bonuses, where players receive a fixed amount of cash in their gaming account.
All you have to do is find an online casino that offers this type of bonus and submit your registration details. In most cases, you will receive your bonus automatically, but in some cases, you may be required to submit additional information related to your payment method. However, you don’t have to worry. This information is just to show that you are a valid credit card holder and that you can actually make a credit to your game account once the bonus is exhausted.
So, isn’t that free money?｜Money88
No deposit bonuses are free from every angle. Casinos give you their own cash so you can try out the premium games available on their platform and see which ones work for you and which ones don’t. From the casino’s point of view, the experience of trying top-notch games will eventually drive you to make a deposit and/or after you’ve spent your no deposit bonus. As with any other bonus offered by an online casino, you must meet the wagering requirements before you can withdraw your money. These casino bonuses have higher wagering requirements than deposit bonuses. For example, the casino might have a 35x wagering requirement for a £100 bonus. This means that you must wager £3500 in order to make a successful withdrawal.
Since casinos that don’t offer deposit bonuses want you to spend your deposit for the sake of it (which is the only way they can benefit), could this be a tactic? Well, that’s not the case. First of all, the game is not for you. Every coin you earn with your bonus is absolutely your own money and you can spend it however you want. You can even decide to cash out, as long as you’ve met the wagering requirements, it should be seamless.
Conclusion｜Money88
It is always important to read the relevant terms and conditions carefully before accepting a bonus from a casino. On rare occasions, forgoing a bonus can actually be a wise idea due to the huge wagering requirements that are unlikely to be met by any player.
