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What is a no deposit bonus?
A no deposit bonus is a bonus that can be awarded to a player without requiring him/her to deposit any real cash first. Once a player has been successfully registered into an online casino, he is automatically awarded a bonus which can be used to make wagers and win more real cash. It is a risky customer attraction tool since a win from this type of bonus is purely an expense to the casino owners.
The effect of one player may not be felt severely but when a lot of new customers are registered into the casinos, awarded their first bonus without a single deposit and proceed to win their first wager using the bonus awarded, the aggregate of these wins will represent a huge loss.
It is for this reason that casinos employ other measures such as wagering requirements to ensure that bonus winnings cannot be withdrawn before the play through requirements are met. Probably, casinos hope that further attempts to win more, customers will lose some of their winnings and be forced to deposit real cash to continue playing. But hey, free money is always welcome.
Explain wagering requirement.
Wagering requirement refers to the amount of cash you are supposed to stake in order for you to be allowed to withdraw your bonus winnings. Wagering requirement is a common type of condition that accompanies bonuses and protects casinos from making losses without players having to make a deposit. For example, if you have a £20 bonus with a 25x wagering requirement, it means you will have to stake £500 in order for you to be allowed to withdraw your bonus or your bonus winnings. Failure to meet the wagering requirements can lead to forfeiture of your winnings or you may be forced to make a deposit before making a withdrawal; an insurance policy on the part of the casino.
What is the benefit of no deposit bonus without wagering requirements?
A no deposit bonus with no wagering requirement is a dream of every online gamer. Candidly speaking, casinos offering this type of bonus have a competitive edge over other casinos. This is since players see an opportune moment of making free quick cash with two of the major conditions that tie bonuses having been removed. The feature of no deposit allows one to be awarded the bonus without depositing his money and the removal of the wagering requirement allows players to quickly withdraw their bonus or the bonus winnings without having to stake more money. However, not all players will win their first wager using the bonus awarded hence they will end up depositing real cash and provide the casino owners with an opportunity to make profit if the players lose. For players who don't lose the first wager, the profits can be easily withdrawn without having to consider the play-through requirements.
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