The iGaming and online casino industries are constantly evolving. As you read this article, there are a total of 4,972 global casinos and online gambling businesses. Since the market is competitive, online casinos offer different incentives to players.
These days, online casinos use a variety of strategies, one of which is no-deposit bonuses. But a question arises here: What is in it for online casinos? And is it a good business practice for iGaming websites? Let’s find out!
What is a No-Deposit Bonus?
A no-deposit bonus is the free credit that a player gets. From where? From an online casino when he or she signs up to the iGaming website. Players can use this bonus or credit on certain games that are available on the online casino’s website. You can find a bonus without a deposit as well as other offers here.
Types of No-Deposit Bonus
Online casinos can give you no-deposit bonuses in different forms. Some of these are given below.
- No-deposit Welcome Bonus – this is given when a new player signs up.
- No-deposit Free Spin Bonus – this bonus usually comes after successful registration and activation of a player’s account.
- No-deposit Free Cash Bonus – similar to a free spin bonus, this one requires the new players to fulfil all the registration requirements before they can set their eyes on the bonus.
- No-deposit Free Play Bonus – as the name suggests, you get to play different games with this bonus.
- No-deposit Free Sweeps Bonus – consider this as a virtual currency that is offered to new players when they sign up on an online casino website.
- No-deposit Bonus for Existing Players – this bonus is given to old customers on occasions like birthdays and holidays.
What Do The Online Casinos Get From No-Deposit Bonuses?
Nothing is free in this world, right? Free deposit bonuses also have a purpose to serve online casinos. Some of the reasons why online casinos hand out no-deposit bonuses are as follows.
- Attract New Players: This technique attracts new players to register with an online casino and explore its different games without the risk of losing their own money.
- Retain Old Players: Old players tend to leave iGaming websites in search of new platforms offering better incentives. No deposit bonuses make them stay.
- Promotion and Marketing: No-deposit bonuses help promote online casinos as they create a buzz among both new and old players.
- Trial Period: These bonuses give players an opportunity to try out different games available on an iGaming platform before using their own money.
Advantages of No-Deposit Bonuses
Just like they benefit online casinos, no-deposit bonuses have a number of advantages for players, too. Firstly, you don’t have to gamble your own money straight up. Instead, you can use the online casino’s bonus credit to practice before depositing your own. This allows the players to get themselves acquainted with how a particular iGaming website works.
Secondly, a no-deposit bonus does not mean you will always lose it playing different games. Although the amount is relatively small, good players always have a chance to win real money using their no-deposit bonus. Lastly, a no-deposit bonus can help players make decisions about continuing on an online casino website or switching to a different platform.
Cons of No-Deposit Bonuses by Online Casinos
You also need to remember that all that glitters might not be gold. No-deposit bonuses come with different considerations and limitations for players. One of the most common requirements is that players wager the bonus amount a certain number of times before being eligible for a withdrawal.
Online casinos have found some other ways to limit players. For example, iGaming platforms will sometimes limit the maximum amount players can withdraw if they win using their no-deposit bonus. Lastly, not all games can be played using the no-deposit bonus, so there is that too.
Online casinos allow players to use their no-deposit bonus only on specific games. Therefore, you must always read the terms and conditions very carefully before claiming your no-deposit bonus.
The relatively newer introduction of no-deposit bonuses by online casinos offers great opportunities. People who are new to online gambling can greatly benefit from this, as the no-deposit bonuses allow them to carefully explore an online gambling platform before putting their own money into it.
While some online casinos are upfront and honest about their no-deposit bonus terms and conditions, a few may also try to trick players under the guise of giving them free credit. Therefore, to avoid falling into any trap, it is important that you carefully go through the no-deposit bonus policy of an online casino. But before that, you must know which online casinos are trustworthy and which are not. And HD Hub 4 You is the right place for that.