What Are Casino Bonuses?
Virtually every casino you ever go into or find on the internet will have “sign-up bonus” for first-time players. These come in many forms and are not restricted to sign-ups as many players return and make more “deposits” to the casino’s revenue stream. These are a form of marketing that may incur a cost to the player in the long-term as the casino is essentially giving away money in return for a commitment from the player to wager a certain minimum amount. Since all casino games contain a house “edge”, the wager requirement prevents the player from simply walking off with a pile of money with no return to the casino. In addition, casinos can restrict certain games from the terms of the wager agreement. This is done to prevent player from playing games that the casinos draw less money from and also to curb “risk-free” play. An example of this would be betting on both red and black to meet the wager requirement but also creating a guaranteed positive outcome when the bonus is taken into account.
How Casinos Work To Make YOU More Money
There are many forms of bonus, indeed far too many to list accurately here. Researching your casino of choice beforehand to see what you would be interested in is a good idea(look before you leap, eh?). Some come in the form of Non-cashable bonuses. These usually come in one of two ways: ‘sticky’ or ‘phantom’. In both cases, the bonus is attached to the player’s balance yet cannot be cashed out. The difference is made up at payout time. The ‘phantom’ disappears at payout while the ‘sticky’ remains attached to the player’s account until it is gambled away. They can also come in the form of comp points. Anyone who’s ever spent some time in a casino knows about comping. When you make some big money, often the pit boss or floor boss will offer to comp the player a room for the night, free meals, and other luxuries afforded to regulars and ‘high-rollers’. This is done as a method for creating a situation where the comped player feels the urge to spend his winnings at the casino, thereby giving the money back. Comp points in online casinos and real-world casinos alike can also be accrued to be returned for cash, prizes, and other comp items. These points can be accrued usually as a percentage of the cash wagered per play.
Being Awesome Through Bonuses
There are a great many players who research their favorite gaming institutions. This creates a situation known as bonus hunting(alternatively known as bonus bagging, bonus whoring, or advantage gambling) where it becomes mathematically feasible to turn a serious profit from a casino. An example of this would be playing blackjack after receiving a $100 sign-up bonus. The typical house-edge on blackjack is 0.5%. If you wager $5000 at this level, you wind up with a loss of $25 BUT the sign-up bonus gives you $75 dollars of guaranteed return in the end. While this is fine and good, some casinos label winners using bonuses as “bonus abusers”. Examples of both these issues would be a players creating multiple accounts to acquire multiple bonuses and a casino changing the terms of a bonus AFTER a player completes his wager requirements and then forces the player to adhere to the new terms.
It’s All About the Bonus: No Deposit Bonuses Explained
The no deposit bonus is a fantastic concept and one that can only benefit the player. The no deposit bonus is exactly as it sounds, the player receives a bonus without having to make a deposit. The no deposit bonus is given at different times during the casino play and it is very popular to give the no deposit bonus when the player first joins the casino and has completed registration.
How the No Deposit Bonus Works
The way that the no deposit bonus works is that the player receives a sum into his casino account on completion of registration or when a certain bonus code has been activated. The no deposit bonus is free to use and gives the player a sum of cash that he can use on selected or all the casino games.
Different Types of No Deposit Bonuses
Each no deposit bonus is different and will be given according to the casino that the player has joined. Some are given just when signing up at the casino and others are given throughout play at the casino or when playing specific games. The no deposit bonus varies in amounts depending on the casino and which games it applies to. With many of the no deposit bonuses, the player must use all of the amount given within a specific time otherwise the money will be considered null and void.
Terms and Conditions of No Deposit Bonuses
The no deposit bonus is a free gift but that does not mean it is without conditions. The player can all it his own only when he has completed a certain play through with that amount. The play through is the number of times that the player bets the amount again at the casino. Once the player has completed the play through for the no deposit bonus, he can call it his own and is even able to withdraw the amount if he wants. Other terms and conditions include the time frame of the no deposit bonus. The time frame is the amount of time the player has to enjoy the free cash at the casino and once this time is up, he cannot call the cash his own or use it in anyway. The no deposit bonus may also be restricted to different games and not be an option for all the casino games offered. On receipt of the no deposit bonus, the player needs to check what games he can play using the money given. The cash out for the no deposit bonus is based on the play through of the bonus and once this has been achieved, the player can aim for a maximum cashout.
Advantages Vs Disadvantages of No Deposit Bonuses
The advantages of the no deposit bonuses far outweigh the disadvantages. The main disadvantage of the no deposit bonus is the game limitations, that it can only be used on specific games and of course the time limit. The advantages are endless and include the fact that players get to play real money games, with a chance to win, without having to place any money of their own on bets and it also gives the player a real chance to practice and get to know the casino games.
No Deposit Bonuses for Existing Players
There are no deposit bonuses for existing players and for new players. The new players receive the no deposit bonus upon completion of registration at the casino and once the player has completed the verification process. The existing players receive no deposits bonus offers from time to time on specific games or at times of the year and in order to receive these, they will also have to fulfill certain criteria or be a loyal member of the casino.
No Deposit Bonuses for USA and Canada Players
There are specific no deposit bonus offers and there are general no deposit bonus offers. The specific offers are for players from different countries or for new and existing players. Players from all over the world are welcome but for specific country offers players should check their countries websites.
Free Cash and Free Spins No Deposit Bonuses
The main no deposit bonus given is cash to the player where he can choose how to use the money on different games at the casino. The cash no deposit bonus has less restrictions than the free spins no deposit bonus. The free spins are given for specific games and have to be used within a certain time frame and are not nearly as flexible for the player as the free cash no deposit bonus offers.
No Deposit Bonus in Bitcoins
Bitcoins are the most popular method today for making secure and direct deposits at the online and mobile casinos. There are a number of casinos that only accept Bitcoins, and these offer special no deposit bonus offers for players once they have completed the sign-up process. Casinos that offer both Bitcoin and other deposit methods also offer special no deposit bonus offers just for Bitcoin deposits encouraging players to make use Bitcoin and enjoy extra bonuses as a result.
Frequently Asked Questions About No Deposit Bonuses
Can I Really Win on Slots Without Risking My Money? Of course, it is possible to win without depositing thanks to the no deposit bonus offers. In order to win, players need to enjoy the games and most of all be luck and complete the play through requirements.
How Do Casinos Make Money on No Deposit Bonuses?
Casinos do not make money directly on the no deposit bonus offers but as a result of. Players receive a taste of what is like to play at the casino and as a result continue playing and placing bets when the no deposit bonus has run out. The gift from the casino encourages players to be loyal and carry on playing at the casino.
Latest No Deposit Bonuses
Every casino does its best to be as creative as possible with the offers that it gives to players and this also includes the many no deposit bonus offers. The latest offers include free spins on specific slots games, free cash to use on different casino games and free Bitcoin. In order to stay up to date with all the offers, players should sign up to receive a regular email with all the bonus offers for that week or month.
Bonuses Happen. Get Used To it.
Since virtually every casino you ever run across will offer you a bonus, it behooves the player to do their research before making any commitments. Bonuses seem like a lot of fun at first but one has to remember that a casino’s ultimate goal is the same as the gamers; make money fast. Take your time, read the fine print (use a magnifying glass), and have a good time. In the end, you will have to deal with bonuses and, if luck is going your way, you might even have a good time with it.