Unlike deposit match promotions, these free cash promo offers don't require players to make any upfront commitments. Typically, the only thing required of you is the registration of a new account.
Although new account creation is the most common way to redeem this type of reward, it is also possible for existing players to claim them. This is usually the case when a casino operator is looking to promote a specific game, but they can also be given out as part of loyalty programs.
Though similar, free spins provide players exclusively with turns on slots games. These will usually have a value of $0.10-0.20 per spin and will likely be used when a casino wants you to try a specific game.
In a competitive market place, no deposit offers provide casino operators with an effective way of getting players through the door. Once inside, it is up to the casinos and all the important criteria (game software, mobile usability, customer support, funding methods, ease of use and more).
For existing players, these offers can be used as a reward for consistent levels of play. Sometimes they may also be offered to players who haven't visited a certain site for a while, as an incentive to play again.
Firstly, it is important to check any promos are eligible for the types of games you want to play, as these are sometimes restricted.
As with most free cash bonuses, these will also be subject to wagering requirements which may impact their attractiveness.
Wagering requirements are the play-through amount a player must complete before any winnings can be withdrawn. For example, if a bonus amount of $20 is awarded with 30x wagering requirements, then a player must stake $600 ($20x30) before any winnings can be withdrawn.
For a no deposit promo, wagering requirements should be expected to be around 25-40x the bonus amount. Anything above this would be very difficult to achieve and may be considered pointless unless you just want to test out the casino and have a bit of free fun.
Compared to deposit match offers, the cap on winnings from these promos is usually more restrictive.
You can expect to find maximum withdrawable winnings caps between 2-10x the bonus amount. This means a free cash reward amount of $20, with a winnings cap of 3x, will have a maximum withdrawable limit of $60. Other times it can be much higher (i.e. up to $500). It all depends on the gambling site and note all are the same.
Absolutely. Even if they aren't eligible on your favorite games, they provide a risk-free means of trying something new - and potentially a good financial return. As ever, be sure to check the Ts and Cs to avoid any disappointment.
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