Facts About No Deposit Casino Bonuses – Casino is one of the gambling games that many people have played because it can provide many advantages and bonuses. “Get $300 free – no deposit required”, says an ad from an online casino site. Many internet casinos offer this type of bonus called a no deposit casino bonus to new players. The condition is that you must be a first-time member of their site.
The promise of free cash never fails to attract people’s interest. But are they really free money? Can a player really leave the casino with a lot of money using this kind of gambling bonus? Let’s take a deeper look at the truth about free bonus promotions at online casinos.
Don’t think for a moment that online gambling sites will give away free money unless it benefits them. After all they are a business. Their main goal is profit. So why are they offering this promotion?
First, they know that many people will join their site as a result. And a good percentage of them will remain depositing players who will contribute to their earnings.
Second, and most importantly, the free money they promise has certain rules. These rules make it very difficult, if not impossible, for any player to win from promotion. So simply put, this kind of free bonus may be nothing more than a ‘promise of free cash’.
The no deposit bonuses offered by these online casino sites have certain rules, requirements. It concerns the cash-out of winnings. Of course, the free balance provided in the account will allow you to play their games for free. But when a player wins from the bonus comes this rule. The rules are called Betting Requirements or Cash Out (CR).
With this rule, the withdrawal of winnings is only allowed after the free amount is reversed several times. Usually given something like ’20xB’ which means 20 times bonus. Let’s take the example of a $25 bonus with CR 20xB. A player must make a total bet of at least 20 times the bonus, i.e. 25×20 = $500. Only if the successful player still has available balance after betting $500, cash can be made. It goes without saying that this rule makes the chances of winning very small. Betting requirements differ from casino to casino. It can be anything from 10xB to 100xB.
The odds of winning at the casino depend on what is called the payout percentage (PP). This is the amount of money that will be awarded in a particular game as opposed to how much money is put in. This is given as a percentage of 100. This is decided by the computer that controls the game and is set for a complete round or cycle. The cycle can be said to be like when the $10,000 bet is over or something. No one knows this except computers. This percentage is always below 100 (eg 95%). The remaining percentage becomes ‘House Edge’. That is the advantage of the casino.
Different games have different payout percentages. Online slots are usually around 95%, table games like poker, craps or blackjack can go higher by around 98%. This differs from casino to casino.
The reason we explain payout percentages is because there are limits in certain types of games that can be played without a deposit bonus. Many online casinos do not allow table games with this bonus because high PP means greater chance of winning. Allowing will set CR i.e. higher requirement. For example CR for 20xB slot, CR for Blackjack 50xB.
In conclusion, the reality is that online casinos do not offer any real required deposit bonuses. But the truth is that to win anything from it is not easy, if not impossible. The requirements or rules relating to the withdrawal of money from winnings from this bonus are very strict.