Did you know that there’s an actual way to convert your no deposit bonus into real cash you’re able to withdraw? That’s right, as long as you’ve met the wagering requirements and fulfilled the T&Cs you could be on your way to withdrawing some free money; and who doesn’t love that, right?
Having said so, what’s the point of knowing where to find cashable no deposit bonuses and codes if you have no idea how to redeem them? Here’s why we’ve created this guide.
What’s a No Deposit Cash Bonus?
A no deposit cash bonus pretty much does what it says on the tin. Believe it or not, there are a bunch of online casinos out there that are willing to welcome you to the club by starting you off with a bonus even before you’ve performed your first deposit. For the casino, a new sign-up is a bonus in itself, so why not reciprocate with a cash prize sent straight to your account? #winning
No Deposit Bonus Types
Now while online casinos will package various offers differently, there are two main no deposit bonus types to look out for next time you’re looking to grab a freebie. These include:
- Cash bonuses
- Free spins
No Deposit Cash Bonuses
This means that free cash is literally included in the sign-up deal, even before you’ve gone as far as sharing your credit card information. In this case, the casino will top up your account with a predetermined amount you’re able to enjoy on all your favorite games, just like you would with any other bonus. Some casinos will restrict the number of games you’re able to choose from while others will allow you access to the entire collection.
No Deposit Free Spins
No deposit free spins are another popular form of no deposit bonuses, whereby an online casino will credit your account with a number of free spins, which are usually shared on a specific game which is usually one of the latest releases. This is a cool way of playing for real money without any financial commitment from your end.
How Can I Withdraw Bonus Money
Now here’s the tricky question that’s pretty much on everyone’s mind. Essentially, you’re able to withdraw your bonus funds once you’ve met the clauses mentioned in the T&Cs – but let’s get real, how many of us read those documents word for word before pressing Accept? While the fine print may be boring, here are the main points you’re going to want to zoom in on while skimming through.
Unless the bonus specifically states that it’s wager free, then a casino bonus will always carry a wagering requirement. What this actually means is that you’ll need to play your bonus over a number of times before you’re able to convert that into real money.
Let’s say you’ve got a $10 bonus that’s got a 35x wagering requirement attached. Here, you’ll need to play the bonus over 10 x 35 = $350 in bets before your bonus is converted to actual cash you’re able to withdraw.
Bet Size and Limit
The next thing you’re going to want to focus on is the bet size and limits stipulated in the T&Cs. Logically, to clear the wagering requirement faster, placing big bets (that could potentially lead to bigger wins) would be the easiest way out. However, most of these bonuses will stipulate max bets for both slots and table games, with any larger bets not contributing to your overall requirements – ouch!
Max Cashout Limits
Now for this part you’re going to want to look at the casino’s overall T&Cs if it’s not specifically indicated in the bonus you’ve selected. This is because if you’re running an online casino there needs to be a limited amount of risk involved when you’re already giving out free money. For this reason, max cashouts protect the casino from the unpredictability of casino games by placing a limit on the amount that’s available for withdrawal should the stars happen to align in your favor.
Once again, this sneaky clause is probably embedded somewhere in the main casino bonus T&Cs rather than the specific bonus you’ve selected and will indicate the values that contribute to your wagering requirements depending on the game type you choose. Typically, slots usually contribute 100&, while table and live games will only count towards 10-15% depending on the casino you’ve chosen.
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