How to Make the Most of a No Deposit Bonus!

If you’re risk-averse and want to tread carefully into the world of online casinos without putting in any of your own funds,  picking a no deposit bonus is your best choice.

Exploring how you can make the most of it to make sure you can maximize your winnings and cash them out is what we’re here for. Below you’re going to find our tips and strategies on how you can best do this.

All About No Deposit Bonuses

No Deposit Bonuses are usually incentives offered to new players to lure them into signing up with a particular casino. Occasionally, they are also offered to long-term players in a bid to win their loyalty or have them go up a tier or two where player levels are concerned. 

No Deposit Bonuses can come in the form of free bonus credits or free spins. With free bonus credits, you can adjust the bet size and try out a range of games. With free spins, the bet size is fixed and you can only play on one or several selected slots.

When you are playing with a no deposit bonus, you have the chance of walking away with money in your pocket- all risk-free. There is one thing you need to keep in mind though- both no deposit free credits and no deposit free spins are subject to wagering requirements and maximum win caps. 

Read and Understand the Terms and Conditions

No deposit bonuses guarantee the opportunity to play for free, yet looking for the best terms is the only way to ensure success. The more reasonable and advantageous the bonus terms are, the more likely you are to increase your winnings.

Here is what we are looking at to help you walk away from a no deposit bonus with cold cash in your pocket: 

  • Understanding how wagering requirements work for you and why low wagering requirements are always better
  • Maximum bets you can cash out
  • Bonus Amounts
  • Eligible Games

We’ll delve further into each one of these below. 

Go For Low Wagering Requirements

Wagering requirements are multipliers specifying the amount you must play to convert a bonus to real money. This multiplier is applied to the bonus sum and can range from 20x to 70x depending on the casino you are signing up with.

If you’re looking out for no deposit bonus offers, it’s always best to go for bonuses with low wagering requirements. This is because it will take you a lesser amount to play to convert your bonus money to real money.

Here is an example of this:

Bonus ABonus B
Wagering Requirement30x50x
Bonus Amount$10$10
Calculation$10 x 30x = $300$10 x 50x = $500
Playthrough Total$300$500

Bonus A takes $300 to play through whilst Bonus B takes $500, which takes longer to convert into real money wins and cash out. For this reason, Bonus A is a better option to consider than Bonus B.

Therefore, the lower the wagering requirements, the easier and quicker the chances of converting your bonus to cold cash. 

Go For High Cash-Out Amount

Most bonuses have a minimum cash-out amount. This means you have a win cap on the amount of winnings you can cash out. So if you win a total of $150 and the maximum bet limit you can cash out is $100, even though you have won $50 or more, you cannot cash out more than $100.

It is thus important to check the win caps of the bonus you’d like to go for. The higher the win cap the better. If you win $150 and the maximum win cap is $300, then you are within the limits of the maximum cash out and you can withdraw all of your winnings. 

Calculate the Bonus Amount Against the Wagering Requirements

Are bigger bonus amounts better? Not always! Ideally, you look at the bonus amount with the wagering requirements attached to the bonus to understand how much you need to play through to convert your bonus credits to funds you can cash out. 

While a bonus lower than $15 might not be worth your time, it is always best to calculate that multiplied by the wagering requirements accompanying the bonus terms. 

Let’s consider the example below. 

Bonus XBonus Y
Bonus amount$15$20
Wagering Requirement30x30x
Playthrough Amount$15 x 30x= $450$20 x30x=$600

So in the case of Bonus X, even though the bonus amount is smaller, it will take less to play through and convert the bonus into cold cash.

Choose the Right Game

Can the selection of games you go for contribute towards walking away with real money in your pocket? The answer is a big fat yes! 

Be Wary of Game Weighting Percentages

Not all casino games will contribute 100% of your stake towards your wagering requirement. Most table games only contribute around 10% of your bet whilst the majority of slot games contribute 100% of your stake.

The following example shows the importance game weighting percentages have when completing wagering requirements.

Let’s say you have  Bonus X.

Bonus X:  a $10 bonus that comes with a 30x wagering requirement. This means that $10 x 30x = $ 300 to wager. 

SlotsTable Games
100% Game Weighting Percentage10% Game Weighting Percentage
With every $1 you play an equal $1 is subtracted from your wagering requirement.With every $1 you play, only $0.10 is deducted from your wagering requirement.
Bonus XYou play 300 spins at $1 each. You divide the wagering requirement by the amount deducted on every $1 you play. $300/ $1  = $300.You need to divide the wagering requirement by the amount deducted on every $1 you play. $300/$0.10= $3000.

As you can see in the example, slots are much more efficient when it comes to fulfilling the wagering requirements than other games that have a much lower game weighting percentage.

Check the Eligible Games in the Bonus Terms

The Terms and Conditions also determine the games you are excluded from when it comes to bonus wagers. If certain games are excluded from the bonus terms, then you will not be allowed to transfer your bonus bets to these games. Always read the terms and conditions to determine which games these are.

Go For High Return-to- Player Games

Another strategy to adopt is to select games with high Return-to-Player percentage. This determines how much of your stake is returned as winnings over a specific time. RTP percentages vary from 94-99%. 

If a game has a 96%  Return to Player percentage, this means that $96 out of every $100 is returned to players as winnings over time. Games with high RTP are considered to have from 97-99% of Return-to-Player percentage.

Key Takeaways:

  • Lower Wagering Requirements will help you play through the wagering requirements quicker enabling you convert your winnings to bonus money with more efficiency.
  • Higher Win Caps will allow you to cash out all of your winnings rather than just a portion of them.
  • Look at the Wagering Requirements to understand if the Bonus Amount is worth your while.
  • Do not forget to check your game weighting percentages. These can determine how long it will take you fulfill the wagering requirement and by how much. The lower they are the longer it will take for you to play through them.
  • Check the Terms and Conditions to understand the games you are eligible to play with the particular no deposit bonus. 
  • Games with a high RTP will have a high amount of the stake returned to players as winnings over time.

Play Smart and Maximise Your Chances of Winning

Here are a few other tips and strategies that are useful to keep in mind and that can help maximise your wins from a no deposit bonus.

Take Advantage of Free Spins

Making use of free spins in a wise manner can lead to winning combinations or trigger bonus features. Free Spins on specific slot games can lead you to increase your winnings.

Use up Bonuses With A Time Stamp

Some bonuses come with time restrictions. Knowing when to use the no deposit bonus when there are fewer players online can lead to the competition being more scarce during specific times, allotting you a better chance of winning.

Divide Your Bankroll

If you set aside smaller portions of your bankroll for different gaming sessions, you won’t drain all your balance in one single session. This allows you to distribute your gameplay and have a higher chance of hitting those winning streaks.

Set Win & Loss Limits

If you establish a realistic win-and-loss limit, you’ll have more control over your gameplay. When you reach your win limit, you should think of cashing out and celebrating your wins. 

Once you reach your loss limit, make sure you have the resilience to stop playing. Play responsibly at all times. This will help you stay in control of your bankroll.

Track Your Wagering Requirements

Check your wagering progress in your account settings to know how close you are to fulfilling your wagering requirements. Once the wagering requirements are met, any remaining funds in your bonus balance are transferred to your cash balance.

Manage Risks with Bonus Funds

How do you strategically manage risk? One approach would be to make frequent smaller bets with bonus funds and then save your own money to occasionally wager on a high-stakes game. This way you can extend your gameplay and avoid having your own pocket taking a hit.

Top Tip
Courtney Profile Picture

Hi there! By establishing bankroll management tools, playing smaller bet amounts, and using strategic tactics, you can definitely increase your chances of winning and cashing out. 

Focus on games with high RTP, establish win and loss limits, and divide your bankroll allocating portions of it to different gaming sessions. Play responsibly! Finally, make sure you meet the wagering requirements to cash out your winnings.

Key Takeaways:

  • Additional Free Spins can lead to more bonus features and winning combinations significantly increasing your chances of winning.
  • Don’t let your bonus expire! Try to find out when is the best time for you to use it to avoid stiff competition.
  • Divide your bankroll to avoid exhausting your balance in one gambling session.
  • Establish a win and loss limit to have more control of your balance.
  • Learn how close you are to fulfilling your wagering requirement and cashing out by checking your wagering requirement progress.
  • Make smaller bets with your bonus funds to avoid your own pocket taking a hit.

How To Claim a No Deposit Bonus

Once you’ve discovered a casino to your liking and ensured its bonus terms are reasonable with regard to wagering requirements and cash-out limits, it’s time to claim the bonus.

This is fairly easy. All you have to do is follow these steps:

  1. Select an offer from the list and click on the ‘Claim Now’ button.
  2. Register your details on the registration page. Make sure these are authentic.
  3. Enter the bonus code if applicable.
  4. Launch the game in question and start playing for free.

Most casinos add your bonus automatically once you sign up. 

You may be asked to enter a bonus code during the registration process or via the cashier after you sign up. Rarely you may also have to contact customer support and ask them to add your bonus credits after you’ve registered.

To ease the process for you, we specify the bonus codes in our list.

Select the Best No Deposit Bonus Casino For You

Selecting the right deposit free bonus is no easy feat. Signing up with the right casino for a bonus that suits is a commitment in itself and like anything that requires commitment, prior research is key.

This is where we step into the picture. We research and compare various online casinos bonuses for you. 

These are some of the factors we consider when analyzing online casinos:

  • Legitimate Casinos: Only casinos that have been accredited by the Malta Gaming Authority or the UKGC make it on our list.
  • A wide-ranging library of games: Casinos that offer various titles from top developers with a fair and secure RNG software always have a better chance of being featured.
  • Fast & Secure Payment Providers: A reasonable casino banking policy can provide a wide array of safe and secure payment methods and fast withdrawals.
  • Smooth User-Interface: The best casinos offer an easy-to-use and appealing user-interface with fast loading times and quicker access to games.
  • Regular, Generous and Fair Promo Offers: Casinos need to have generous welcome bonuses and ongoing promotions for long-term players. We test the bonuses ourselves and scrutinize the T&Cs closely to make sure you really have a chance of winning.

Conclusion

If you want the chance of converting your no deposit bonus winnings to real money, select bonuses that have a low wagering requirement, maximum win caps, high RTP and check the game weightings.

Make sure you go through the Terms and Conditions to make sure you don’t overstep the casino’s bonus rules so you won’t have any excuse to refuse any converted bonus money.

Published on: 2023/07/18

About the Author

Hi, I'm Courtney, the Webmaster at No Deposit Kings - We provide visitors with free and easy access to real money casino gaming thanks to no deposit casino bonuses offered by our hand-picked selection of online casinos.