No deposit bonuses also known as free play bonuses or free spin bonuses are funds that are usually credited by online casinos to the accounts of players. Players do not have to deposit any money on their accounts to get no deposit bonuses. They are basically free money that players can use to place bets. However, this money is meant for placing bets and players cannot just withdraw it.
Online casinos and gaming sites use no deposit bonuses to attract new players. Since players do not have to risk any money of their own, they are likely to bet using no deposit bonuses while they decide whether or not to risk their own money or while still trying to understand how the various online casinos and gaming sites work. All a new player has to do is to register for an account and provide the basic personal details. The online casino then deposits some money into their account. However, the sum is usually just a little amount to get them started. It varies from one casino to another.
No deposit bonuses are great for players who are just starting out and those who still need to be convinced into betting on online casino. They make it possible to see how different online casinos and gaming websites work without having to risk the players own money. It also makes it a lot less intimidating to try out new games by eliminating the fear of making losses. They also allow players to experience the gaming options and user interface of new online casinos and gaming websites without having to commit their own money. For casinos, no deposit bonuses are small prices to pay considering the high possibility of players making cash deposits after they understand how their sites work. They also attract new players who would otherwise never risk their money in betting.
New online casinos and gaming websites usually try to attract a lot of new players to sign up. They, therefore, have the most attractive no deposit bonuses. It is, however, important to ensure that a casino or gaming site is safe and reputable before signing up. Players are advised to read the terms and conditions regarding no deposit bonuses to avoid making losses. Some casinos only allow players using no deposit bonuses to bet on games that favor the casinos. This makes it very difficult to make any winnings. They also set a maximum cap on the amount a player can bet on. This means that players using no deposit bonuses to play may not be able to make very big profits even if they win. Consider the value of bets a casino requires you to make before withdrawing your winnings. The number could be as high as 30 times the bonus.
So are free no deposit bonuses really free money? Yes. Even though most casinos set in place a few caveats to make sure you keep playing, it really is free money because you actually get to keep your winnings.