Typically, the no-deposit bonus is a type of bonus that does not necessary need you to deposit any money in order to play games. This is free money that is offered to the player by their online casino. With the no-deposit bonus, you can test drive just any game at the site without having to make even the smallest dent in your deposited amount. Many casinos use this type of bonus to attract new players to game at their site. However, the no deposit bonus takes many forms; the comp points, the welcome bonus, free rolls and free spins. Online casinos can offer you cashable and no-cashable no-deposit bonuses. Cashable no-deposit bonuses is the type of bonus where you are eligible for a cash out after playing and wining using the bonus. However, they often come with some wagering requirements that require you to couple it up with some cash and then roll it over for a number of times.
Non-Cashable No-Deposit Bonus
This is a type of no-deposit bonus which is awarded to you by the site just after sign up. If you won money with this cash, you cannot request a payout. Typically, sites award you this cash so that you can use it to test drive games at the site without having to make a dent in your own money. Normally, sites will offer the players this type of bonus as a proof that they can win big at the site. This non-cashable bonus is often known as sticky or phantom bonus. It reflects on the player’s account balance, however, they cannot be paid out to them when cashing out. For example, is a player deposits $100 in their playing account and they had received $100 no deposit bonus and they played blackjack and win $300, they will be able to cash out $200. This bonus is sticky and the player is only able to withdraw $200. The $100 bonus will just remain in their account. It is important to note that when you have met the site’s wagering requirements, you will be able to cash out. It is prudent to first read the casino’s T&Cs before hitting that “sign-up” button.
Are The No-Deposit Bonuses Really Free Cash?
This type of bonuses go by different names such as free cash bonuses, free bonuses, etc. is it really free cash? Well, this question is a bit ambiguous and the answer is yes and no. after completing the registration process, you get this type of bonus accredited to your playing account immediately and you do not have the obligation to deposit money now and in future. You have to play with this free money lest it expires. However, in case you won, you will not be able to cash out this money straight to your e-wallet or bank account. This would definitely be detrimental to online casinos if this would be the case.
What Is The Catch?
These are wagering requirements that come with the no-deposit bonuses. This means that you cannot be able to cash out the bonus until you’ve either deposited some cash or spun through it a number of times. These wagering requirements come in the form of 30x, 20x, 50x, and etcetera. This means you have to roll over the cash times the number specified in the sites T&Cs.