Making The Most Of No-Deposit Offers
January 25, 2021
Matched betting isn’t just about locking in a profit from free bets given by bookmakers. In fact, there are a number of different types of bet offers available from which it’s possible to extract value from and make a profit in the long term. Some of these betting offers include Extra Places, Best Odds Guaranteed, Price Boosts, Money-Back Specials and Casino Offers.
Casino offers is its own category entirely. Just like with sports offers, there are various types of casino offers available such as deposit bonuses and free spins with each of these offers having their own terms such as varying wagering requirements and wagering types (sticky, cash first, bonus first, blended etc).
Another type of casino bonuses which online casinos use very successfully in attracting players with are no-deposit casino bonuses. These are bonuses or free spins which are credited to new players simply for registering an account. Unlike other casino bonuses, no deposit or wager is required to receive them. Simply register a new account and the bonus will be credited and available to use.
Sound too good to be true?
Well, no-deposit bonuses do exist. In fact, there are several of them available at a number of online casinos. Although no-deposit free bets for sports are rare, you can find a handful of no deposit bonuses for poker sites. These are generally available with the biggest online poker sites for new players. A quick Google search should bring up the top ones or head on over to Beat The Fish who have looked at the best of online poker sites and will show you which ones they recommend.
Advantages Of No-Deposit Bonuses
The advantages of no-deposit bonuses are pretty clear. As they don’t require you to risk any of your own money in order to receive them, they’re a chance to pocket some real cash whilst putting a new online casino through its paces.
Disadvantages Of No-Deposit Bonuses
All casino bonuses come with wagering requirements attached. Some have WR’s as low as x1 and many large deposit bonuses have WR’s of x35+. However, the wagering requirements for no-deposit bonuses are generally a lot higher and can be as much as x99. This means that you must wager the bonus amount 99 times before the bonus funds are converted to cash and can be withdrawn.
For example, if a casino was offering a £10 no-deposit bonus with x99 wagering, you would have to wager £990 before the bonus is converted to cash. Obviously, there is a high chance that you will bust out before completing the wagering.
No-Deposit bonuses can also come with winnings caps which means that there is a maximum amount you can win when wagering the bonus.
Let’s say that the winnings cap was £100 on a no-deposit bonus and you hit a big will of £2,500 when playing with it. Once you have completed the wagering, only £100 of the bonus will be converted to cash with the remaining bonus funds being forfeited. Not all no-deposit bonuses have winnings caps but they’re worth looking out for. Also, many bonuses which do have winnings caps exclude jackpot wins so if you hit a jackpot, you get to keep all the winnings!
Despite the disadvantages of high wagering requirements and winnings caps, no-deposit bonuses are often still worth claiming as they give you a chance of playing at an online casino without having to deposit or risk your own cash. There is also the chance that you could hit a big enough win, or series of wins, to complete the wagering and end up with a real cash profit.
Also, should you wish to make a deposit after claiming a no-deposit bonus, the majority of casinos will allow you to claim the deposit welcome offer as well as the no-deposit one.