No Deposit Bonus Codes 2021
No Deposit Bonus Offers: Good Or Bad?
Guest article by Dunover:
As with many businesses like your local Superstore for example, online casinos will produce some seemingly tempting offers to get you through the door and achieve their aim of recruiting you as a customer.
Perhaps the most eye-catching is the No-Deposit Bonus (NDB) offer which will be presented to us as a ‘something for nothing’ opportunity
to arouse that most basic facet of human nature within us all. The NDB may come in the form of a fixed amount, i.e. a free chip for 10 or a quantity of free spins on a specific slot where the amount of the chip is determined by your revenue from those spins. Okay, you’ve seen the bonus banner screaming this offer and it looks good, so what can possibly go wrong?
Online casinos have many complex rules and terms thus the unwary or inexperienced player can easily fall foul of them: you need primarily to do two things, the first of which is to ALWAYS read the Terms and Conditions applicable to the NDB offer and secondly work out the math, as the chances of converting these NDB’s to cash are far slimmer than with using the standard ‘deposit match’ bonuses you may be used to.
Most slots pay around 96% return to player (RTP) so for example a standard 50 deposit with 100% match gives you 100 in bonus funds to play with. Assuming 1 unit per spin you will lose 4% on average each spin, so if we have a 40x Bonus wagering requirement we need to make 2000 spins at 1 unit to complete wagering. At 4% per spin multiplied by 2000 this will cost 80 so on completion of wagering you would be left with 20 in cash funds. You deposited 50 so the math was ‘expected value minus’ or EV- as players tend to label it. After all the casinos aren’t in business to give money away!
Having seen the example above for a standard bonus, and having exercised due diligence by reading the terms, you will invariably find the NDB wagering is significantly higher at 80, 90 or sometimes even 100x the chip value. Yes, you can effectively win free money but the chances of doing so are slight, as indeed you would expect. One possible benefit is that due to the very high wagering required you may find some of the high-volatility or very high RTP
slots which are normally excluded from standard bonus wagering are permissible, thus giving you the opportunity to play pretty much any slot with this bonus, which may not be the case with a deposit match. Again, the terms are king here!
I can say with absolute certainty that wherever you see the NDB offer, there will be a conversion limit or winning cap. This simply means you cannot cash-out more than a fixed amount of say 50 or 100. This is quite understandable but you will definitely need to register a payment method such as a debit or credit card in order to retrieve this small win. The terms may also stipulate you need to make a real-money deposit of a minimum of 25 to take this cash, something which hopefully you have made yourself aware of by thoroughly reading the bonus and general terms.
The final and equally important consideration with a NDB is how the casino treats the cash once wagering is complete. If you’ve actually been fortunate enough to complete this and have exceeded the capped maximum conversion, what happens? Well to begin with your balance should be instantly trimmed to that amount, say 100. You may then wish to continue playing as if that amount was a cash deposit with no restrictions and in some cases that may be permissible allowing you to continue to build your cash up. You may discover in the terms however that you must register a deposit method and withdraw first, and only a subsequent fresh deposit will allow you unlimited winnings.
If you are an affiliate you may find NDB offers are detrimental as whether the player wins or loses inevitably this bonus cost is factored in to your earnings, so if the new registrant doesn’t go on to become a depositing customer both the promoter (if applicable) and casino have ultimately lost out. Given the fact these NDB’s are so EV- there are likely many players who will spend a considerable time playing while failing to make the wagering and leave the casino account with a feeling of negativity and thus not become a customer.
In conclusion NDB’s are undoubtedly an effective way of attracting players by providing them with what amounts to a ‘free shot’. This chance though is heavily laden with restrictions, conditions and limits that can so easily snare the unwary. When we consider that in excess of half of all complaints to eCogra and various dispute resolution services relate to bonuses and NDB terms are especially stringent, any player tempted should do their homework first and I cannot reiterate this enough read the terms thoroughly! In general the more spectacular or seemingly large a bonus offer is, the more you should be suspicious. If you want to view any of these NDB offers use the Accredited List or the Free Spins Thread where members have checked the casinos and left feedback. If you want a free shot, make sure it isn’t in your own foot – good luck!