Does the thought of cashing out your winnings from a No Deposit Bonus stress you out? The process doesn't have to have to raise your blood pressure as long as you keep some things in mind. If you’re about to enter the realm of free chips for the first time then relax because we’re about to tell you all that need to know.
No Deposit Bonuses are offered to players for a number of reasons from welcoming new players to rewarding loyalty. They are a great way to familiarize yourself with an online casino's games and wager risk free. You're playing with the casino’s money so what could be better than that?
Don't Claim 2 No Deposit Bonuses in a Row
Refrain from claiming No Deposit Bonuses consecutively. An online casino will deny your withdrawal request if you do not deposit between free chips. Claiming free chips back to back at the same online casino or group can result in the closure of your account and mark you as a bonus abuser.
Understanding Wagering Requirements/Playthrough
The most important aspect of No Deposit Bonuses to understand is the wagering requirements. Wagering Requirements are also known as playthrough and rollover. Players will encounter wagering requirements when claiming any type of bonus offer so what does it mean?
In terms of No Deposit Bonuses, the number of times you must playthrough the amount of the bonus is the wagering requirement. To put it another way, players must place a certain number of bets in order to qualify for a cashout. When deciding whether or not to claim a bonus this information is key as is the maximum withdrawal. You may meet the wagering requirement but your winnings will be subject to a maximum withdrawal limit. It’s critical that players read the terms and conditions of any bonus to ensure that there are no surprises when it’s time to request a withdrawal.
Playthroughs vary but the lower the better. Less reputable online casinos tend to apply outrageous wagering requirements to No Deposit Bonus making them next to impossible to meet. Players are welcome to redeem bonuses with higher wagering requirements for fun; however in general players should opt for the lowest wagering requirements for a shot at cashing out.
Play the Allowed Games
A No Deposit Bonus will apply to certain games. For example, the player may only be allowed to wager on Slots and others will include Table Games. You can certainly play any game you wish but it will not count toward meeting wagering requirements.
Let’s say a player claims a $50 Slots No Deposit Bonus with a 20x wagering requirement. The player must make $1,000 in bets before winnings are eligible for withdrawal.
50 x 20 = 1,000
Some bonuses allow several games with the percentage contributed toward wagering requirements based on the game.
An online casino offers you a $100 bonus with a 20x wagering requirement meaning that you must place $2,000 in bets to make the playthrough.
Allowed games and contributions:
- Slots – 100 percent
- Roulette - 30 percent
- Blackjack – 10 percent
The player spends $40 on Blackjack with 10 percent going toward wagering requirements:
$40 x 10% = $4
The player then wagers $25 on Roulette with 30 percent going toward wagering requirements.
$25 x 30% = $7.50
The player wagers the remaining $35 on Slots with 100 percent going toward wagering requirements.
$35 x 100% = $35
With the $2,000 playthrough in mind, this player has only put $46.50 toward meeting it.
$4 + $7.50 + $35 = $46.50
Your progress on meeting wagering requirements is usually shown in the cashier. Once you've made the playthrough, follow the withdrawal procedures at the online casino and bask in the glow of being a champion.