Online casinos are always looking to expand their market reach by enticing more players to sign up with them. One of the classic moves they use is the awarding of no deposit bonuses to new gamblers who sign up with them. The play here is simple. They reward new members who sign up with them cash rewards as a warm welcome so that their first bets are on the house.
How they Work
No deposit bonuses are pretty forthright, even though there are some small variances depending on different casinos. Essentially, the new player is required to register for an account with the casino online platform and a certain amount of money is credited to his/her new account for free. However, some casinos will require the new player to go a little further in order to claim the bonus. They may either be required to write a formal email to the customer support team requesting the bonus to be transferred to their account or simply fill out some online forms and submit them.
With the increasing competition in the gambling business, different casinos have been forced to juice up their no deposit bonuses to favor the players even more, with some casinos offering to double the player’s first deposit!
Requirements and Conditions
Ever heard of the adage ‘when the deal is too good, think twice?’ Well, that could not be any realer. All jokes aside, gambling is a serious business, and to get into the game, you need to be completely aware of the terms and facts. Different casinos play by different rules, particularly when it comes to awarding bonuses; and the no deposit bonus is no exception. The key is to read the exact rules that apply to your respective casino.
The first thing you need to know is which games are allowed and which aren’t. All casinos will make sure to exclude all games where the house edge is too low for them. In any case, they don’t want to bet against themselves, right? This simply means that, should you place that bet using your no deposit bonus and win, then you will not be allowed to withdraw your money.
Some casinos also place a limit on the amount of times you are allowed to place bets using the no deposit bonus. Others will also require the player to make a deposit before making any withdrawal in case of a win from the bonus. All these limitations may reduce the chances of the player making any money from these bonuses but that doesn’t mean it is impossible. If you know the rules, everything else is all about strategy and calculating risks.
Over the years, no deposit bonuses have proven to be efficient in luring in more players into the business but the profitability of this strategy is yet to prove itself worthwhile. So some casinos have turned to offering extra bonuses and promotions such as the deposit bonuses which reward the players a small percentage for depositing funds into their player accounts.
Either way, the no deposit bonus remains to be a brilliant tactic, both for the casino operators and the players. The operators get more customers in the business and the players, with a clever approach, stand to make easy money with zero risk.
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