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What is a No deposit bonus?
This is basically free money offered to the players by an online casino, it is what you get to spend as you have the feel of the game and get the confidence you require to win before committing any cash to the venture. That said, the amounts offered are of small amounts usually 5 – 20 pounds depending on your preferred casino. Here are 2 ways you can access your free bonus:
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Deposit free money– in as much as you have been offered free cash, you cannot just withdraw the free deposit money right back into your e-wallet, there is a requirement to spend it playing the games applicable to the promotion. Nevertheless, all the winnings from this bonus are subject to wagering requirements which must be satisfied.
Free spins-, here you are allowed a certain number of free spins in selected slots and games, but all wins are subject to wagering terms. However, it is worth noting that some of the conditions are very restrictive, bearing in mind that these establishments must make a profit in the end.
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Wagering requirements
Wagering requirements refer to the conditions a player must meet to access an allocated bonus; most casinos place a wagering multiplier(x) so that you will have to place a specified number of bets to access the free cash. Most multipliers are between 5x and 55x of a bet. If you are get $10 bonus, that means you will have to play 50 x $10 =$500 to access the $10 free money. Moreover, when playing the $500 wager the 50x bets must be played to earn the free bonus whether you win or not. With this in mind, it’s important to weigh the pros and cons before grabbing the NO- deposit bonus.
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The Other condition factored in, is that there is a certain time limit within which you must use all the spins to access the NO deposit bonus; most casinos restrict this to 30 days.
Slots often account for 100% of the wagering requirement, with Blackjack and roulette accounting for only 10-15%. On the whole, this is a way of casinos protecting themselves while allowing you to play for longer.
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The main benefit of no deposit without wagering is that the lucky winner gets to keep the winning without being bound by the wagering requirements. In addition, you get to try a new casino without making a cash deposit or satisfying a wagering requirement; this is a good way of attracting visitors and keeping the existing players. However, the activities may be very limited requiring you to committee more in order to win.