No Deposit Bonus
Free No Deposit Bonus
As the name suggests, No Deposit Bonuses are a type of bonus offered by casino operators that do not require customers to make a deposit of funds in order to claim the bonus. It should be noted that in the United Kingdom these bonuses are not common because, due to constraints placed on online operators by payment providers, players are generally required to make a deposit by their chosen payment provider, of around £20 which is then refunded by the casino in order to allow them to make withdrawals associated with bonus winnings. Payment providers are legally required to verify accounts before a payment method can be used to make a withdrawal and as such the casino’s hands are tied – there is no way around this – players must make a returned deposit – the Advertising Standards Agency (ASA), who regulate advertising in the UK, have made a lot of changes within the UK market. Most operators now feel that – whether this is an necessity to allow for a withdrawal or not – having to deposit to cashout from a No Deposit Bonus is contrary to the nature of the term ‘no deposit’ and as such have chosen to veer on the side of caution and simply forgo this type of bonus all together.
No Deposit Casino Bonus
Players should be fully aware of the reasons that casinos offer No Deposit Bonuses at all since giving something for nothing seems unlikely – casinos are in the business of making money so how can they make money from players taking them up on a No Deposit Bonus? Well, quite simply, the casinos make it mandatory for players to submit contact details: name, address, email address, telephone number or some combination of these, before the No Deposit Bonus is credited to the associated player account. No Deposit Bonuses are a marketing strategy allowing casinos to harvest data and generate email marketing lists. Players signup to claim these bonuses and the casino then captures their details allowing them to contact players further down the line in order to market to them. In this way, online casino providers can convert no depositing players to depositing players as they subsequently offer Deposit Bonuses via marketing emails, text messages or newsletters that convert players, encouraging a first deposit, for them at a very low initial risk.
It must be noted that the majority – if not all – No Deposit Bonuses do come with Terms and Conditions in the same way as all other types of casino bonuses and offers; players must always make themselves familiar with these in order to ensure no breaches of Terms occur which may result in any winnings accrued being seized by the casino. There is very often a wagering requirement placed on the Bonus. This means that if a player claims a No Deposit Bonus of £10 and the associated wagering requirement is 35xBonus then wagering of 35x10 = £350 must take place before any winnings can be withdrawn.
Further to this, a Maximum Bet Term may also be put in place while the No Deposit Bonus is in a player’s account. Take care to read this Term thoroughly – some operators use slightly more ambiguous ways to express the maximum bet that can be opaque and may confuse players. If the maximum bet is expressed as greater than or equal to a sum – for example: “Whilst in possession of a bonus, bets on a single round of play must not be greater than or equal to £5 – this actually means that the maximum a player can bet in a single round is £4.99.
Finally, and most commonly, the Maximum Win Term. No Deposit Bonus wins are almost always capped at a certain level – after all, online casinos are looking to minimize their risk of facilitating a large win when a player is not risking any of their own money. Always look for the Maximum Win Term and make sure that you are willing to accept it and comply with it should you win – a number of complaints against operators are raised annually when players win large sums using a No Deposit Bonus but the win is clearly capped at a far lower level in the Bonus Terms and Conditions. Some players with problem gambling tendencies go on to deposit and lose substantial amounts as a result of the frustration experienced by such situations.