Terms and Conditions of No Deposit Bonuses
Online casinos aren’t all that keen on giving away money without no strings attached, so these bonuses are often saddled with terms and conditions. To determine the true value of any bonus, it’s important to read the small print in full. Here are some of the terms to look out for and what they all mean.
As with most casino bonuses, the thing to look out for with no deposit offers is wagering requirements. These are an obligation set by the casino that determines how many times players must wager your bonus funds before they can request a withdrawal. Standard wagering requirements sit somewhere between 25-40x the value of the bonus, but since no deposit offers don’t ask for an initial deposit, these requirements can be higher than the average threshold.
For example, let’s say a player received a £10 no deposit bonus after signing up to a new site, with a wagering requirement of 40x. This would mean they’d be required to wager a total of £400 (10 x 40) before they could claim any winnings gained from the bonus.
Casino bonuses – and their wagering requirements – are also likely to come with time limits. Some sites give players a few days to satisfy all the terms and conditions of a bonus, while others might give them a month. Make sure you’re aware of the ticking clock, because if it runs out, your bonus will become invalid and any associated bonus funds will disappear.
Also known as cash-out caps, winning caps restrict the amount players can win from any one bonus. It’s important you take note of these limits before you spend more than you can win. What’s more, rather than viewing winning caps as an impediment to any gambling success, you can see them instead as a useful on-site limiter.
Online casinos are likely to limit the number of games that are eligible to be played on bonus funds. Before you claim a bonus, make sure you’ve taken a look at which games are available to play to avoid any disappointment further down the line.
Perhaps more of a limitation than game restrictions are game weightings – a mechanism enforced by gambling sites that affects contributions to wagering requirements. Most video slots will be weighted at 100%, meaning that 100% of the wagers placed on that game will chip away at the wagering requirements. But wagers on other categories of games – in particular table and live dealer games – are often weighted at much smaller rates, sometimes as low as 5%. Completing wagering requirements is already a significant obstacle; it becomes impossible if players’ wagers aren’t stretching as far as they can.