Are they really free?
These free bonuses can lead to real cash, but usually with some requirements or preconditions. A player can actually win money with these Bonuses after meeting the conditions, which are usually along of line having to play (blank) number of games or make a certain number of bets before the Bonus can be cashed out. But this can still lead to winnings with no risk to the player and therefore these Bonuses are highly sought after by online players.
The free welcome bonus
Most of these bonuses are offered either before or at the time of creating a new account to play games at an online casino. When offered in advance these welcome bonuses are usually used to allow potential new players the chance to try out the online casinos’ games and get an idea of what they have to offer. Bonuses offered at the time of sign up are incentives to create the new account and pay real money to play. They can also be used as incentives for renewing an account or a reward for playing a large number of games.
Terms and Conditions
The common term for these Bonuses is “No Deposit Bonus.” Since players can use these bonuses without having to attach a financial card or monetary deposit they gain the “No Deposit” moniker. These deposits are issued in set amounts and usually somewhat restricted in their use, focusing on specific games or platforms. The No Deposit Bonus is highly sought after within the online casino gaming community and their use can be monitored closely.
The term No Deposit Bonus can include a variety of bonus types and can be obtained mainly as incentives for signing up with an online casino. They are given out independently from a player’s bank account or credit card so they can be tracked easier by the online casino. By keeping track of No Deposit Bonuses in this way the online casino help avoid being defrauded in their use.
- A Free Slot Bonus is similar to a Free Spin Bonus but usually only applies to a certain type of virtual slot machine. It also doesn’t come in set dollar amounts but rather as a certain number of spins, but often only apply to certain machines. Sometimes this limited number of machines can be made up for by giving a larger number of spins, but not always.
- A Free Chips Bonus is like Spin or Slot Bonus, but it is in the form of a certain value of gambling chips. These chips can be used for non-slot machine games such as poker or blackjack. Like the slot machine specific Bonuses, the Free Chip Bonus is designed to showcase a specific set of games offered by the online casino, but these ones are for games that require betting dollar amounts by their nature.
- Free Chip Bonuses and slot machine Bonuses are often offered side by side in incentive packages. When offered as a reward they can be more specific: When a player is rewarded for playing a lot of slot machines they are more likely to get a Bonus oriented toward slot machines and the same applies for the Free Chip Bonus. This allows the online casino to reward frequent players with the type of free games they would most value.
- Often these different types of Bonuses are offered side by side in new signup or renewal packages. These Welcome Bonuses are packages of specific Bonuses offered to new players or renewing players to give them the chance to explore different types of games. Dividing the Bonus amount among the varied types of games makes it easier to keep track of where the bonus money is being used, making it easier to track metrics and prevent fraud for the online casino.
- A Welcome Bonus is usually present in what it contains, unlike a reward Bonus that can be tailored to the individual player. As such, sometimes elements of a Welcome Bonus can go unused. These unused Bonuses can sometimes be found online where aggregate sites collect as many as they can find for redistribution.
- These Bonuses are dispensed in the form of a Bonus Code. Each Bonus Code is unique and allows access to a separate “bonus wallet” that keeps the Bonus funds separate from the players funds. The codes are also an easy and secure way to keep track of the Bonus money offered.
- When the Bonus Money is able to be cashed out it is referred to as Free Money. This is because the money is cashed out from a starting sum that didn’t come from the player’s own pocket, thus making all the winnings risk free. This is something of a “holy grail” for many online casino game players.