No Deposit Bonus
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The casinos of today must look for ways to keep users interested in their games. The online gambling industry is already crowded, and if they do not put in the extra effort, they risk becoming obsolete. One way they do this is to offer players a casino bonus. As a player, you need to look into the different offers when on the hunt for a new casino.
One of the most popular options that casinos now use is the no deposit bonus. This no deposit bonus can help to boost your earnings online.
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That you can pick at a online casino.
- No Deposit Bonus
- Deposit Bonus
Can You Make Real Money?
The no deposit bonus gives you a chance to make real money without spending anything. In most cases, you will only need to register, and after that, a bonus credit is sent to your account. However, most casinos will not give you too much. The bonus will usually be about C$10. The amount could be much larger in some modern casinos.
The no-deposit bonus is not just given to new players, it can be part of the bonus scheme designed to keep players around. The best bonuses is intended to get you to learn more about the casino and become familiar with it. Because of this casino bonus, you will be less likely to look for a new casino. In some casinos, the no deposit bonus will be given to you on special occasions. The bonus can be given in the following events:
• Founding of the casino
• Given as a present for your birthday
• Given as a reward for your stay at the casino
• Given as an apology due to a technical glitch
The Conditions of the No Deposit Bonus
The conditions for No Deposit Bonus can vary depending on which casino you choose to use. It is thus crucial to examine the conditions of the bonus before you pick it. When you are not sure of what you are seeing, ask support for help about the bonus terms. If the casino giving you the no deposit bonus has a shaky reputation, ensure you take screenshots. This can be used as a protest later if they change goalposts. Most casinos fear bad publicity due to their bonus terms. You will most likely get the issue sorted if you show them your screenshots. Some of the conditions to look at are:
The Rollover Obligation
At most no deposit bonus casinos, you will be required to wager the bonus amount a given number of times. In most casinos, this rollover requirement is defined by the game you play. For some games, it will not even apply. You have to play at given games for the rollover to apply.
At casinos, the no deposit bonus will often come with a time limit. Time limit of about a month. However, some bonus offers come with a strict time limit of as low as a week. In some cases, the no deposit bonus has to be used within 24 hours.
Most online casinos will also place a maximum limit on the no deposit bonus. Thus, no matter how much you make gambling with the no deposit bonus, you can only keep up to C$100. At some casinos, the limit is set higher. The best bonus can be as high as £200.
Bonus Upon Request
Some online casinos will offer no deposit bonus in the ads. However, you will only get it if you request the customer care people. In such a case, you need to get the no deposit bonus code to activate the best bonus. Some casinos will require that you make the code request before you register. This is because this code is part of the registration process. At other casinos, you need to complete registration to get your bonus.
No Deposit Bonus Code
Always read online reviews about a new deposit bonus for the casino you plan to use. The bonus will come with simple instructions on how to claim it. Besides that, read if you will get the winnings from the casino bonus. At some casinos, it is not possible to claim the winnings from the no deposit bonus. It is either the wagering requirement is unrealistic, or the casino considers the no deposit bonus as a method of testing its features. This is why reading a review of the bonus is so important. Specifically, look at the comment section where players post their frustrations with the casino no deposit bonus scheme.
Calculating the Cost of a No Deposit Bonus
When calculating the true cost of the a bonus, you must examine three factors. These factors are:
The Wagering Requirement
The casino wagering requirement is the amount of time the no deposit bonus has to be wagered before it can be given out. It usually varies by casino but it is never less than 20 and rarely goes about 40. If the no deposit bonus has a wagering requirement in the hundreds, then this casino is not worth any of your time. It will take you forever, or you might have to spend a lot in the limited time set by the casino.
Game Contribution Percentage
At most casinos, there will be a set contribution percentage to the overall wagering requirement. In most cases, the slots take up 50% of the no deposit bonus requirement for wagering. This works like a multiplier; if a genre of games only contributes 50%, it means you have to play twice as much. However, this is a fair level. If the wagering goes below 50% contribution, this might not be the best bonus offer to use. The best bonus should offer slots players 100%. In other games such as Roulette, Baccarat, and Blackjack, the wagering goes to 50% or less. At some casinos, the level can be set at just 10%. This figure can increase the burden you have to bear for your bonus. Thus, it is important to read reviews about the contribution limit before you use a given casino.
The House Edge
This is simply the number of total bets you take that a casino intends to keep over time. Thus, if the edge is set at 2%, the casino will expect to make a 2% profit over time. All games in the casino have a house edge. However, each game’s house edge is different. At most Blackjack games, the house is set at 50% in some of the worst cases.
The house edge will affect how long it takes to claim your best casino bonus. If you look hard enough, you can find the best casino bonus offer with games that have zero edge. Thus, the casino aims to make you rich with no prior expectation; be on the hunt for this type of casino bonus.
The Bonus Trap
In 2018, the Competition and Markets Authority said that it had looked into gambling companies over claims that they were using bonus traps. This is where players have to play longer than expected before they can access the bonus amount.
This led to companies operating in Canada committing to change how they offer casino bonus promotions. Canadian casinos promised that the best casino bonus terms would now all be made clear to customers before they start playing. The CMA even released rules that firms need to use to ensure they were fair. At the time, the CMA said the Gambling Commission might impose fines on firms that break the rules. This might impact the industry that is worth C$4.7 billion annually. While gambling carries a risk, the regulator recognised that unfair obstacles were being placed in the way of players to keep them from their money.
How to Avoid the Bonus Trap
While there are regulations for casinos in Canada, you will always be playing at casinos operating in the Canada. Thus, it is important to understand the bonus trap and stay clear of it. When you look at the numbers in some casinos, you will realise that the bonuses do not always live up to expectations.
In some cases, the wagering requirements plus the game contribution rate, and the house edge is designed to keep you from your money. To know which is the best casino bonus, you need to calculate where the expected loss is large than the bonus you got. In such a case, you should choose to avoid that casino bonus and find another place to play. If you need to burn through the bankroll before your bonus unlocks, you might have to think twice.
Despite casinos being dubious at times, you can use some simple formula to determine if it is the best casino bonus. First, you should calculate the expected loss. This can be done with this simple equation:
EL = HE x AW
EL- Expected Loss, HE- House Edge, and AW- Amount Wagered.
With the equation, you can expect to make a loss of C$42.60 if you wager C$1,000 on a slots game with a house edge of 4.26%.
When trying to check the wagering requirement, your loss is calculated using the amount you need to wager multiplied by the house edge. This can be illustrated in steps. First, calculate the amount you need to wager with this equation:
Wager Amount = (bonus + deposit) x wagering requirement x (100/game contribution %)
Once you get the results, now you can calculate your expected loss with this equation:
Expected Loss = Amount to Wager x house Edge
An Example of this Equation
You could visit a casino where you are offered a £100 casino bonus for the first C$100 you deposit to play a video slots game that has a 0.46% house edge. At the slots game, the wagering requirement is x30. The game contribution game for this particular slots game is set at 20%.
First, calculate how much you have to wager using the first equation:
(100+100) x 30 x (100/20) = 30,000
In the second step, multiply your answer by the house edge:
30,000 x 0.0046 = £138
In essence, you will lose about C$138 as you attempt to meet the wagering requirement for the bonus. When the bonus amount has been set at C$100, this does not seem like it is worth your time.
However, if you pick a casino that offers a great no deposit bonus, there is a chance to come out with some money. This will require that you pick games carefully after you examine all the factors. Keep in mind that these equations are only relevant on paper. Gambling is a game of chance, and it might be your lucky day. Thanks to the law of variance, anything could happen when you are playing at a casino. However, you need realistic expectations to get the most valuable bonus.
How to Pick Your Casino
Before you jump on the no deposit casino bonus, there are other factors that you need to examine. One factor is security, while the no deposit bonus can be exciting, you should always put security first. For instance, check if the casino is registered with the Canadian Gambling Commission. In some cases, casino bonuses might be offered as an attempt to rob you of your financial details. One way to check if a casino offering the no deposit bonus is secure is to look at the URL if it does not start with https://, you might lose your details to fraudsters with fake best offers.
Another area to look for in the no deposit bonus hunt is the reputation of the casino. If you stumble upon a casino while searching bonuses, look it up online. On review sites, a comment section allows you to deposit if this site offering bonuses is for real. In some instances, the payouts are too slow, or they have poor customer support.
If you are new to online casinos, the best casino bonus on the deposit should not be your golden standard for picking a casino. A casino needs to be secure, compliant and registered in Canada at the minimum. Besides that, the best deposit bonus should be offered in a casino with a huge selection of games. After all, there is no fun in playing at a casino with a huge no deposit bonus but only a small selection of games.