As you have known, this article focuses on no deposit bonuses. In other words, you get a certain amount of bonuses credited into your account which you can use to play. However, the question then is, am I able to withdraw my winnings that I have won from my sign up bonuses. Well, that is the caveat. While you can play games with the bonuses, withdrawing them has certain terms and conditions that you have to fulfill.
For bingo, there is something called a wagering requirement. Wagering requirements specify the amount of money that you are required to wager before you can cash out. For example, you get a no deposit bonus of 50 euros, and the wagering requirement is 4x. This means that you will have to bet up to a total of 200 euros before you are allowed to cash out whatever amount is in there.
Furthermore, only wagers on bingo games will count towards meeting the wagering requirement. So, if you were to bet your bonuses on other table games, the amount bet will not count towards the cumulative sum. Also, note that there is a limit to how much you can withdraw while the remaining winnings will be forfeited.
Benefits of No Deposit Bonuses
Online casinos have often operated with deposit bonuses for the longest of time. The sudden surge in the number of casinos offering no deposit bonuses is part of their need to survive in this competitive industry. Nevertheless, such competition will only drive the development of more such strategies that will ultimately benefit layman players like us. In this segment, I would like to talk about some of the benefits associated with no deposit bonuses. As consumers, we are spoilt for choice given the number of online casinos in the market.
Furthermore, there are multiple conflicting reviews out there which makes it even harder for us to choose from. Moreover, only we know what interests us. The only way it seems would be for us to try out various casinos on our own. Before no deposit bonuses, the only way we can try out would be for us to deposit our funds into these casinos.
But this is ridiculous, as we are only there to try it out whereas depositing funds would be akin to committing to that particular casino not on gamstop. Fortunately, with the no deposit bonuses, we can now give online casinos a try.
Typical Terms and Conditions for No Deposit Bonuses (200 words)
While they are termed no deposit bonuses, there are usually several terms and conditions attached to it if you would like to withdraw these bonuses as winnings. Online casinos cannot afford people to simply register and withdraw these bonuses right? That would be akin to giving free money which does not make any sense.
So let me go into these terms and conditions. First, there will usually be certain wagering requirements. Wagering requirements refer to the number of times that one has to play through your bonuses. For example, a casino could require you to play a minimum of 30 times before you get to cash them out. In other words, for a no deposit bonus of 20 pounds, you will have to keep playing until you hit a value of 600 pounds before you can cash them out.
Second, the casino also gets to dictate what games get to qualify as part of the wagering requirements. If you ignore this and play the wrong games, you could see your bonuses and winnings forfeited. Third, there is a maximum bankable winning. This is the maximum amount of winnings that you may transfer to your bank account regardless of how much you won from your no deposit credits, free spins, or free play. The remaining profits will be forfeited.
No Deposit Bonus Bingo Sites: + Why do bingo sites give out no deposit bonuses
Multiple bingo sites are handing out exclusive no deposit bonuses to their players. Here are my top 5 favourite; CyberBingo, Bingo Hall, Bingo Spirit, Vic’s Bingo, and Cash Cabin.
For bingo sites, the claiming of the deposit bonuses may slightly differ from the other online casinos. Players who want to claims these bonuses have to activate the bonus by entering a code during the sign-up process. Therefore, this also means that for those existing players, you will not be entitled to these bonuses.
There are 2 main reasons why bingo sites are giving out no deposit bonuses. Aforementioned, these bonuses are automatically credited into your account once your account is approved, which then allows you to commence playing without any deposits required. Therefore, the first reason is to give players a chance to try out the site before making a deposit. The second reason is that companies are hoping that they will be able to win you over.
Such moves are good for players because regardless of how many ravishing reviews that a particular online casino has gotten, nothing beats having the players giving it a go on their own. No deposit bonuses do exactly that.