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The value of a no deposit bonus is inversely proportional to the wagering requirements and directly proportional to the max cashout limit. So, pick a no deposit bonus with low wagering requirements and a high max cashout limit.
David Williams - Thursday, 30 June 2022 - Features
Online casino bonuses can be a bit tricky to understand. They come with various rules, terms and conditions. Currently, there are numerous New Zealand online casinos that offer no deposit bonuses to new members. There are nuances to no deposit bonuses. Some are actually valuable while others are simply not worth the squeeze. When you understand exactly how no deposit bonuses work, you will know how to identify and claim profitable no deposit bonuses and make the most out of them.
In this no deposit bonus guide, we cover the different types of no deposit bonuses, how to withdraw bonus winnings, the advantages, how to claim no deposit bonuses, the common terms and conditions and the whole nine yards. Read on for our compressive overview of no deposit bonuses in New Zealand.
The fundamental thing about a no deposit bonus is that you don’t need to make a deposit to receive this bonus, hence the name “no deposit” bonus. No deposit bonuses can also be referred to as sign up bonuses since you receive the bonus for simply “signing up”.
This naturally raises the question – why would online casinos give away free bonuses to non-paying players? The reason is because it’s an effective way to attract new players and have them enroll as members.
A no deposit bonus where a player receives free cash or casino credits is called a no deposit free cash bonus. This bonus is also commonly referred to as no deposit free chips. Basically, after successfully creating an account, the new player is credited with a sum of money that he or she can use to play games for free.
Example:$5 no deposit free cash upon signing up. In this case, the player will receive $5 as soon as they sign up. They cannot withdraw this money, but they can use it play games and win even more money.
In this case, the new player receives free spins instead of free cash/credits when they register for an account with the casino. With the free spins, the player can play certain slot games for free.
Example: Sign up for an account and receive 100 free spins on Wild West Duels. Here, when you create an account with the online casino, in exchange, you are issued 100 free spins. You can play the slot Wild West Duels 100 times without spending a penny of your own.
Most beginners fail to make a distinction between bonus funds and real funds. There is quite a significant difference between the two.
Let’s consider a no deposit free cash bonus of $10. When you claim the bonus, you will receive $10 bonus funds. These funds are allocated within the ‘bonus funds’ section of your cashier. The cashier basically has two sections – ‘real funds’ and ‘bonus funds’. Further, any money that you win playing with the $10 is also added to bonus funds.
If you were to make a deposit of $20 using your credit card, for example, then the $20 is added to ‘real funds’.
The main difference between bonus funds and real funds is that you cannot withdraw bonus funds.
Let’s consider a no deposit free spins bonus where you receive 5 free spins. Assume you play with your 5 free spins and win $20. This $20 is added to ‘bonus funds’ as well. With bonus funds, you may play games, but you cannot withdraw these funds.
However, this does not mean that you can never win real money by claiming a bonus. Bonus funds can be converted to real funds. Let’s see how.
In order to convert bonus funds to real funds, the wagering requirements associated with the bonus needs to be satisfied. We explain what wagering requirements are and how to complete them in one of the below sections. For now, you just need to understand that if you wish to withdraw bonus funds, you must satisfy the wagering requirements and must do this within the allotted time. Failure to satisfy the wagering requirements will usually result in the bonus funds being voided automatically.
The main reason online casinos impose wagering requirements is so that players don’t claim bonuses and then immediately withdraw them. Casinos want players to spend their money before they can withdraw any real money. Rarely, some casinos will offer no deposit bonuses without any wagering requirements. These bonuses are highly valuable since you can withdraw bonus funds right away after you receive them. It is akin to getting free cash!
Whether you’ve got no deposit free cash or no deposit free spins, you can use them to play eligible games without using any of your own money to do so. This is particularly great when you’re not familiar with the game since you won’t risk losing any real money while learning the ropes.
If you’re interested in exploring a new casino and get a first-hand experience for free, claiming a no deposit bonus is the best way to do it. You will understand how the casino interface works, what kind of games there are and you can decide if it’s the right casino for you before you invest money from your own pocket.
Unlike playing in demo mode, when you play with no deposit free cash or no deposit free spins, you can actually win real money. Any winnings you gain by playing with free spins are categorized as ‘bonus funds’, but you can withdraw these funds once you complete the associated wagering requirements.
At some casinos, you will be required to type in a bonus code in order to receive your no deposit bonus, but in most cases the bonus is issued automatically after you’ve successfully registered. Below, you’ll find detailed instructions that describe what steps are involved in claiming a typical no deposit bonus.
If the no deposit bonus has not been credited you can contact customer support regarding the same.
Make sure you provide accurate personal and contact details since this information will be verified by the casino before you can receive your first cashout.
How much you can profit from your no deposit bonus is largely dependent on the bonus terms and conditions. If you wish to successfully claim, play and withdraw your no deposit bonus, you will need to read the bonus terms and conditions. Some of the important bonus terms and conditions have been described below.
These requirements essentially specify how much money you need to wager from your own pocket and how much time you have to do so. They are often represented as a multiple of the bonus funds received. For free spins, wagering requirements are calculated on the winnings obtained from playing with the free spins.
No deposit free cash of $10 with wagering requirements of 20x. In this case, in order to withdraw the $10 bonus funds, you need to wager 20*$10 = $200. Only then is the $10 moved from bonus funds to cash funds and available for withdrawal.
10 no deposit free spins with wagering requirements of 10x. Let’s assume you play with your free spins and win $50. To convert this $50 from bonus to real funds and thereafter withdraw it, you first need to wager 10*$50 = $500.
This limit varies from one casino to another and it lays out the maximum sum of money you are allowed to withdraw from your no deposit bonus.
No deposit bonus of $100, max cashout-$30. In this case, even if you complete the wagering requirements you are only allowed to withdraw $30 since this is the limit.
When you’re playing with bonus funds, there is a limit on how much you can wager in a single bet. This is called the max bet. By limiting the maximum bet size, the casino can decrease the chances of the player making huge bets that result in enormous wins. Max bet limits don’t apply to free spins since the bet size of each free spin is usually fixed and cannot be adjusted by the player.
No deposit bonus of $10. Max bet: $2. This entails that even though you have $10 bonus funds to play with, you cannot make a single bet of over $2. You could make 5 bets of $2 each.
$10 no deposit free cash, wagering requirements of 10x and validity of 7 days. This implies that you must play all $10 and also wager 10X ($100) within 7 days from when the bonus was activated. Failure to do so will result in the forfeiture of the bonus and any winnings.
The game weighting percentage is closely related to the completion of the wagering requirements. When you are in the process of fulfilling outstanding wagering requirements, the type of games you wager on will have a significant impact on how quickly and effectively you are able to complete the pending wagering requirements. Basically, not all categories of casino games contribute at the same rate towards wagering completion.
Outstanding wagering requirement is $100. Game weighting percentage of slots is 100% and game weighting percentage of blackjack is 50%. In this case, if you make a $20 wager on a slot game, all $20 is counted towards wagering completion. However, if you were to make the same $20 wager on blackjack, only $10 (50%) would be counted towards the wagering completion. So, if you only wagered on Blackjack, it would take twice as much money and time to complete the wagering as opposed to wagering only on slots.
Which games you are allowed to play with a no deposit bonus is listed under the ‘Eligible Games’ clause of the bonus terms and conditions. Casinos are known to omit games with a high player edge from being eligible for obvious reasons.
No deposit bonus of $10, eligible games: slots from Microgaming only. This means, you can spend your $10 only on Microgaming slots.
Choosing the right online casino is extremely important. It can have a huge effect on what kind of gaming experience you have. Below, we highlight some of the most important factors to consider before signing up with a no deposit online casino.
It is important to choose a casino with a good collection of games. However, the definition of good games can differ from one person to another. Just make sure the type of games you like playing are available in plenty at the casino. This could be slots, table games, live dealer games or all of them.
No deposit bonuses are great, but they’re short lived. You can only claim a no deposit bonus once at a casino. So, you also want to check what other bonuses and promotions the casino offers and choose one that is generous. Some casinos also offer weekly tournaments with huge pooled cash prizes and these are great for frequent players.
The terms and conditions will determine the actual value of a bonus and how much you can possibly profit from it. Choose a casino with liberal terms and conditions which are not too restrictive in nature. Avoid casinos with high wagering requirements (anything over 40x can be considered high).
The value of a no deposit bonus is inversely proportional to the wagering requirements and directly proportional to the max cashout limit. So, pick a no deposit bonus with low wagering requirements and a high max cashout limit.
A wager free no deposit bonus is the same as a zero-wagering no deposit bonus. These are rare but highly valuable to the player. Basically, the bonus funds you receive can be cashed out right away, since there are no wagering requirements to be completed.
Yes, claiming a no deposit bonus on mobile is simple and the process is very similar to doing it on PC. Just visit the website from your mobile browser and sign up for an account. You will automatically receive your no deposit bonus.
No, no deposit bonuses are only available once per player. Making a duplicate account to claim in again is a violation of the bonus terms and you risk having both your accounts suspended.
By design, no deposit free spins can only be used on slot machines. Specifically which slot machines you can play is listed in the bonus terms and conditions under the ‘eligible games’ clause.
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Hi, I’m David Williams. I am the senior writer for NoDeposit365.co.nz. I ensure all pages offer content that is accurate, informative, and enjoyable for you, the reader. Initially cutting my teeth on blogs, I fell in love with the online casino world several years ago, and am fascinated by the various casino games available.
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