Tag Archives: deposit bonuses
No Deposit Gambling – The Truth
Naturally then, if you were offered free money at an online casino, you would view it with suspicion. “Whats the catch”, is probably the first thing you would ask. The truth is that casinos and poker rooms give away free money to stay competitive in what is a very tough market. Just like a store may give away free samples, free gambling money and no deposit bonuses are the gambling industrys way of getting you to try before you buy. A no deposit bonus of $10 may just persuade you to download their casino rather than their competitor. As a new player, you get to try all the casino games risk free, and there is no obligation to deposit any real cash, unless of course you want to. You can win real money on a no deposit bonus, and can even cash out your winnings.
So are there drawbacks to accepting a no deposit bonus from a casino or poker room? Well, whilst free money can be a good way of trying a new gambling site, there are some restrictions on no deposit bonuses. Usually the maximum amount you can win on a free chip is restricted, and you will usually have to wager the bonus a certain amount before a withdrawal is allowed. Also, the casino games which you are allowed to play may be limited; free chips are often not allowed to be used on progressive jackpot slots, or on some table games like blackjack. In general, free chips are best used on slots or video poker.
There is a new type of no deposit bonus which has become very popular lately, the free minutes bonus. The casino gives you a bankroll, and a time limit. You use the time allotted to try to win as much money as possible, and when time runs out you can transfer your winnings into your real account. Normally, the amount you can transfer is limited, and you usually need to make a small deposit in order to transfer your winnings. These types of bonuses are really generous deposit bonuses rather than true no deposit bonuses.
If you accept a no deposit bonus, and you win big, you will only be allowed to cash out the maximum amount allowed on the free chip. This situation has occurred quite a few times and it is very disappointing for the player to be denied their big win. This is definitely something worth taking into account when considering whether to play a free chip. Sometimes, it is better to make a small deposit – $20 or so if you want to try a new casino. Not only will you be able to keep all of your winnings, but you will probably also qualify for a bonus on your first deposit.
What is a casino cashback bonus?
Online casinos offer many more advantages than regular brick and mortar casinos. These incentives are called casino promotions. Among the variety of promotions such as deposit bonuses, no-deposit casino bonuses, comp points, loyalty comps; there are the cashback bonuses. Well see what they are in just a minute, first well go over the other kinds of bonuses.
Deposit bonuses. These promotions are given for players deposit. The incentive is given as extra cash for players first or subsequent deposits to an online casino. The bonus is a percentage of the deposit that will be added to the players balance. The percentage can be as low as 5% and may range to 1000%. A $100 deposit that receives a 150% bonus will turn the players balance from $100 to $250 ($150 coming from the bonus). Since these a very attractive incentives for players and may be abused by some people, the casino puts restriction on these bonuses. The most common restriction is known as roll-over, playthrough or wagering requirements. This is the number of times the deposit and bonus must be wagered (risked) before the player can cash out anything from their accounts. Other restrictions include minimum cash out amount or maximum cash out amount. In the former case the player must reach a certain amount before cashing out, after having completed the wagering requirements. In the latter case, the player can only cash out so much and the rest will be voided.
Deposit bonuses are the usually the prototype of casino promotions. All other promotions, given freely with or without a deposit, will have similar restrictions.
The casino cash-back bonus is something else. The player does not receive anything upfront to play with. What the casino is offering is a guarantee. They will allow you to play with your deposit (and deposit bonus, if youd like) to try your luck at their games. If you do not win, you are guaranteed a certain percentage back of your losses. This is the meaning of the quite literal word: Cashback. Since cashbacks are given after the player has lost their own deposit, they usually don t have very strict restrictions. Normally the playthrough requirements are on the low side, if any, plus normally all games are allowed to be played with the cashback. The cashback bonus normally doesnt have a maximum or minimum cash out limit, so the player can take back as much or as little as he or she wants to.
The cashback bonus is a great opportunity for online casino enthusiasts to receive their money back and try to recover some of their losses.