Learning is a continual task; to choose ignorance is to tempt fate. This is no different in gambling, particularly in online casinos. In online gambling, participants need to constantly acquire reliable information in order to make money.
No deposit bonuses ignorance might lead a person to blindly take the option or pass it by, without fully understanding the repercussions of this decision. Aspiring professional online gamblers should always strive to learn more about the online gambling environment. Relying on luck or previously acquired knowledge is likely to do more harm than good.
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What are no deposit bonuses?
There were no online casino bonuses such as ‘no deposit bonuses’ at the genesis of online gambling. This was attributed to the fact that the online casino would risk users forfeiting their payments once they lost in huge sums. This apparently isn’t the case today as there are measures put in place to make sure that this doesn’t happen.
The idea at first was to have a user deposit a certain amount of cash to an online casino account prior to being eligible to benefiting from any type of bonuses that were being offered by the online casino. This was largely a risk for users as some of the bonuses were either nonexistent or just didn’t benefit the online player in the manner they’d want it to. The introduction of ‘no deposit bonuses’ was made purely to create a risk free gambling atmosphere for the client and gain their trust. It’s something that should be considered since its works.
First time no deposit bonuses are quite small and range from about $10 – $15. The user only gets to retain the profits once they win after playing any casino games and meet the various wagering requirements.
There is another type of no deposit bonus which runs for a pre-determined duration (typically an hour). The bonus amount is considered “imaginary”. This means that the amount is only transferred to an actual account once the player wins.
Advantages and disadvantages
Users have the luxury of trying out any of the available games in the online casino without putting any cash up front or risking it. This is a feature that has attracted a number of people into joining a number of online casinos that have the offer.
The disadvantage of this is that there is an existing limit to the amount of money that one can claim to win. A number of online casinos also require the player to deposit a certain amount of money before they are allowed to claim their cash prize. This is just an introduction to no deposit bonuses. The specific terms of the bonus vary from one casino to another, so be sure to gather as much information as possible. It will help you make the right decisions.
How to Claim
Claiming a no deposit casino bonus is very fast and easy. The first thing you must do is to sign up with an online casino that offers it. Enter your personal details, verify your account and you are ready to go. Visit the casino’s cashier and redeem the bonus.
Depending on the casino and bonus, you may also be required to type in a no deposit code with is a string of letters and numbers that allow you to claim the bonus. The no deposit bonus amount should be available for play instantly or within a couple of minutes. Before claiming the bonus it is highly advisable to read the bonus terms and conditions.
Typical Terms and Conditions
To explain the terms and condition of typical no deposit bonuses, let’s take an example. A casino on the Internet gives $8 no deposit bonus to new players once they register a real account. The wagering requirements of this bonus are 33x. This means that new players have to bet the bonus 33x times on specific games so they can withdraw it. Bets on slots, keno and scratch cards are the casino games that count toward meeting the wagering requirements. The maximum cash out that is allowed is $50. Lastly, during the playthrough of the bonus, in the interests of fair gaming, players can bet the maximum of $6.50.
A Word of Caution
Attention! If you believe that you can sign up with a no deposit casino and cash out the bonus once you claim it, you are mistaken.
Restrictions like terms and conditions do not allow any withdrawing before the wagering requirements are met. Additionally, these bonuses are not based on a get rich quick scheme, but they are a good way to get to know a casino and try out its games. No risk of money loss is involved because you are playing with casino money.