An enticing part of playing at online casinos is the abundance of no deposit bonuses offered that allow you to play for real money and give you the chance to win real money, without risking any of your hard-earned dollars.
Of course one thing you’ll need to understand is the different types of no deposit bonuses offered by online casinos. Each bonus has its own charm and each one allows you the possibility of winning real money without requiring a deposit. That is why it is essential to know the difference between different types of bonuses; what we call the anatomy of a no deposit bonus.
THE BASIC NO DEPOSIT BONUS
The basic no deposit bonus is the most popular type of free cash available at online gambling sites. Typically on offer when signing up, these bonuses are absolutely free cash that the site uses to entice players to sign up at their site. Essentially, it’s a marketing tool. But it is a marketing tool that gives you the chance to put some money in your bank account with no risk at all.
Every basic no deposit bonus will have a set of terms associated with it that must be fulfilled before cashing out your winnings is permitted. Wagering requirements are standard and work like this: If a casino gives you $20 free, you may be required to wager that bonus 50 times before you can cash out any of your winnings.
In addition, a very standard set of rules for these bonuses is to have a minimum and maximum cash out amount. For example, with your $20 No Deposit bonus, you may be allowed to cash out between 5x the bonus up to 10x the bonus. This means that once you’ve completed the wagering requirements, you can cash out your winnings if you have between $100 (5 x $20) and $200 (10 x $20).