Casinos are constantly updating their new player bonuses to appeal to a wider audience. They have several tools in the box to attract attention. And they come in the form of a deposit deal or a no deposit bonus.
The casino no deposit bonus
A no deposit bonus is always sought after by gambling fans. And this is because they don’t have to risk their own cash to see the freebies. These deals are usually easy to trigger.
When you sign up for an account at a casino offering this deal, you can land a few free spins no deposit UK or a couple of quid in bonus credit. But don’t expect this money to be free from T&Cs as we’ll see in a moment.
You can learn more about no deposit bonuses here.
Deposit bonuses
Unlike a no deposit casino promo, this deal requires the customer to spend a little cash first. Many sites are keen to use this style of bonus as it means that the players have some money in their account. And it’s likely that they go on to spend it after they spend the bonus credit.
The most popular version is a deposit match whereby the casino matches your deposit up to a fixed amount. You may also grab some free spins with this promo as well.
Again, don’t forget to take into account the restrictions that come with these deals. Let’s take a look at the most common terms in place.
Wagering requirements
The wagering requirements are there to make you gamble with your promo funds. This gives the casino a chance to win back the money that you’re playing with.
These requirements start from 0x and can reach 70x in some cases. The average is around 30x though. For example, a 10x wagering means that you must gamble with the bonus cash or winnings from bonus spins 10 times. If you lose the money during this time, then that’s hard luck. But if you have any left, then you may get to keep all or some of it.
Max cashout
You can’t often keep everything that’s left after the wagering is complete. It could be a lot of money. And the casino can’t afford to lose so much cash to all their new customers. That’s why they use the max cashout rule.
This lets them state the maximum payout so they can prepare financially for any potential hits. Having an unknown loss hanging over them with each new customer is difficult to work with from a financial point of view.
Game weighting
When you’re playing with your bonus cash, you’ll need to be aware of the games that count towards the wagering requirements. Some games, such as slots for example, will count 100%. But there are others like table games, for instance, that may only count 10%.
The reason this happens is because the odds are more in your favour when playing certain titles. Some of Roulette’s outside bets are nearly a 50/50 chance of winning each time. And the casino won’t accept those kinds of odds for their bonus cash wagering.
Expiry limits
Nothing lasts forever. And that’s also true for casino deals as well.
When you sign up for a deal, pay attention to the expiry limit. You may have only a few days to opt-in. And when you do, you might only have a short space of time to use the bonus. Beyond that, there could also be a limit on the time you get to complete the wagering as well.
So there’s plenty to consider with expiry times on the various bonuses.