Pros and Cons of Different No Deposit Bonus Types

For online casino players, there’s nothing better than a sweet, sweet bonus — free money, free spins, no deposit opportunities that allow players to test out new games, play longer, and get more for their money (including better chances of winning big).

The good, the bad, and the restrictions

Generally speaking, gambling at an online casino with bonuses is better than gambling with no bonus at all. Experienced online players will know the ins and outs of the different types of casino bonuses and how to navigate the restrictions, exemptions, and rules.

We will cover the fine print later on, but broadly, the pros and cons of online casino bonuses are pretty apparent, even to the uninitiated online gambler.

The Pros:

  • Play longer

This one is pretty obvious but it’s true. If you’re a gambler who’s watching your finances, utilizing no deposit bonuses is a great way to make your money last longer, allowing you to spend more time playing your favorite games.

  • Try new games and casinos

Familiarity breeds confidence. Sometimes, players can get stuck in a bit of a gambling rut and, for fear of losing, continue to only play the games that they are familiar with. Online casino bonuses offer the opportunity to sample new games and even play at new casinos (usually with Welcome Bonuses) without risking any of your own funds.

  • Increased value

Gambling with the casino’s money (rather than your own) is a great way to increase your chances of profiting… that is until you encounter the wagering requirements.

The Cons:

  • Wagering requirements

Some casinos may require players to wager a certain amount, multiplied by the bonus before they are allowed to withdraw the money. For example, if a bonus is $100 and a wagering requirement is 60x, a player would have to wager $6,000 before they could withdraw any winnings.

  • Time limits
  • Game restrictions

These two ‘cons’ are pretty self-explanatory. With certain bonuses, you may be restricted on how long you can continue to play or which games are permitted, usually directly related to the RTP or the game’s volatility.

What are No Deposit Bonuses?

No deposit bonuses are just what they sound like. They are bonuses that allow players to gamble on a certain site without wagering any of their own money. There are benefits and drawbacks to these types of bonuses, all of which players should be aware of before they begin.

There is really no such thing as the best no deposit bonus — only the best no deposit bonus for a certain player. It’s important to read all of the terms and conditions before you play to make sure that you’re eligible and that you’ll be able to access any winnings you may acquire.

Pros of No Deposit Bonuses

  • Free money
  • Easy to use

No deposit bonuses are free money and credits to use at an online casino. Without having to punch in a credit card or bank account number, players receive money or free spins. That’s a pretty lucrative deal regardless because no matter what happens, there’s no penalty to the player.

There are thousands of new no deposit bonuses every day and they’re constantly changing. I can almost guarantee that every online casino has had some kind of deal at one point or another.

The trick is to find the one that’s best for you. Once you’ve signed up, the bonus is typically in your account immediately and ready to be used. Quick signup and ease of use are signs of a good bonus.

Cons of No Deposit Bonuses

  • Wagering requirements
  • Usually only for new users

Any savvy player will read the rulebook before jumping straight into a game. It just makes sense and if you don’t understand the rules, you’re already behind the curve. This is especially true with online gambling where the phrase “The house always wins” is common in the industry.

That doesn’t mean that you can’t win. It just means you have to be smart and know how to work within the system.

Most no deposit bonuses have a built-in system that won’t let players withdraw any winnings until certain criteria are met. These come in the form of something called wagering requirements.

Usually, before players are able to withdraw money from their no deposit account, they need to meet these wagering requirements which usually come in the form of a multiplier.

For a wagering requirement of 50x, players need to bet their original bonus 50 times before they can receive any of the winnings.

A quick example is a $10 no deposit bonus. If the wagering requirements are 50x, then the player needs to bet $500 with that $10 before they’ll be able to withdraw any winnings. Chances are, that $10 won’t last long enough to ever get withdrawn.

Read the fine print and always check the wagering requirements. Some are much lower than others and there are a rare few that have zero wagering requirements.

Finally, the last big downside to no deposit bonuses is the availability. No deposit bonuses are typically only for new signups. Sometimes online casinos will offer bonuses to new members, but it’s not as common. Luckily there’s a large variety of options, so you can always try a different casino when the free money runs out.

Play smart

Like anything, no deposit bonuses can be a great deal and very lucrative for some players. The trick is to shop around, read the terms and conditions, and see which casinos suit your play style and preference. The pros can outweigh the cons if you know what to look for.

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