Online casino games have taken the Internet by storm. Benefiting from a estimated market value of $ 59.6 billion in 2020, the industry is expected to reach $ 127.3 billion by 2027, registering a CAGR of 11.5% by 2027. This massive growth potential makes online gambling too competitive, with new casinos in line entering the market every day.
To stay competitive, online casinos are increasingly forced to devise creative ways to acquire new customers and retain existing customers. And what better way to do that 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 bankroll. From From $ 10 to $ 50, no deposit bonuses are usually limited to certain games, although some online casinos allow players to bet on any game. And just like deposit bonuses, no deposit bonuses come with it. wagering requirements that you must meet before cashing out your winnings.
Different types of no deposit bonus
Depending on the online casein you choose, there are several types of no deposit bonus, some of which offer better benefits than others. Below are the four main categories of no deposit bonus:
Standard no deposit bonus
Standard no deposit bonuses are exactly what they sound like. They offer a fixed amount of money when opening an account as a new player. This money is automatically credited to your account and you can then use it to play all or some games. They also come with wagering requirements, which prevent you from immediately cashing out the bonus or winnings.
Free spins are the most common no deposit bonuses in online gambling. As the name suggests, they allow you to play all or some slot machine games, all without risking your bankroll. Depending on which online casino you choose, the value of a single free spin varies between $ 0.05 and $ 0.1, and they can be awarded as a stand-alone package or as part of a bonus package in cash.
Cashable bonuses are the most popular no deposit bonus among the players. They allow you to win real money without risk, although you must meet the attached wagering requirements. Depending on the casino you choose, the cashable bonus may or may not be accompanied by a winner cap, which means that you can only earn a certain amount using the bonus.
While a far cry from their cashable bonuses, non-cashable bonuses are just as important to any player. Right off the bat, they have no cash value, which means you can’t earn real money. That said, however, they allow you to familiarize yourself with 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?
No deposit bonuses work on a very basic principle. You must start by creating an account with the Online casino, on which you become eligible to receive the offer. It can be automatically credited to your account or used manually through the promotions lobby on the casino website.
Needless to say, you can only cash out the accumulated winnings using the bonus if you meet 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 extra spins or extra money or, there are several reasons why the no deposit bonus stands out from other bonuses, including:
- Extra play time
- Reduces the risk of depleting your bankroll
- Instead of killing time watching Netflix Gambling Movies to learn the ropes you can use the no deposit bonus to play real games without risk.
No deposit bonuses are win-win for both bettors and casino operators. As a gamer, you can play real money games and potentially win, all without risking your investment. For casinos, they function as a formidable marketing caduceus to attract new customers, which in turn ensures business continuity. That said, however, not all no deposit bonuses are created equal. As such, it’s important to read and understand the fine print of each offer to ensure you’re getting the best value for your money. And with this guide, that shouldn’t be a problem.