Free casino money? What do we mean? Why on earth would an online casino give away free money, or no deposit bonuses as we call them?
One has to look at Vegas to see the roots of this equation. The casinos on the Vegas strip go out of their way to make the gambler feel welcome. Free drinks and other goodies are everyday fares. If the player is considered a big player (known as a whale), then the stakes are higher and free offerings would include a free room, drinks, a show, and meals. It is all about dialling into the player’s loyalty.
Online casinos do not have this opportunity. Your visit to the casino is their one and only chance to grab your attention. That is why they throw money at you! They often have a separate high roller bonus with huge numbers on the table. This of course means that the player is playing with a mix of his own and the casino’s money. Face it, with odds somewhere between 90% and maybe 97% on the average game, this puts you in a great position to maybe cash out a nice profit.
Casino Bonuses and the Rules
You have to understand that the casino will not want a player who is simply wandering from casino to casino, taking advantage of bonus offers, never intending to become a loyal patron. That is why they build rules into their offerings. Read these rules because not doing so might mark you as a player they do not want and that is not desirable at all.
You can expect a playthrough requirement whereby you will have to place a specific volume of bets before being allowed to cash out. This protects the casino against one-hit wonders who get a decent payout using the casino’s money in the beginning and then simply cashing out, never even going close to risking their own funds. You can expect some games to be barred from bonus play as well. Playing black/red on Roulette is a prime example. You are going to be right half the time so over an extended period of time you should meet the playthrough and still never put your own cash at risk. Be prepared to follow their rules. If you do, you have a decent chance of winning something.
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The casinos also often offer a small amount of free cash without requiring your deposit. They generally have a cap on how much they will pay out but, it is free money after all. The intention here is to give the player a chance to play the games before committing his or her own money. This “try before you buy” idea is great for first time players to get a feel for the casino and the software.
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Another practice is for the online casino operator to give first time visitors a number of free spins on a new video slot game. The operator announces a maximum cashout but is relying on the game to highlight the cool graphics and playing speed at the same time. Playing the games definitely helps a player decide whether the software suits him or her. We have an afinity for RealTime Gaming but of course, many others have different opinions. The most popular software is probably Microgaming and they also have the most games on display.
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Loyalty Bonuses and Competitions
No doubt about it, the casino wants you to feel appreciated. You will receive regular e-mails with special offers. The casinos have extra special offers on big event days like Easter or Halloween. You will also earn points for your play which can later be converted into either cash or tokens. Do not discount these tokens as being meaningless. This added to the game margins plus the odd special offer definitely makes those casino odds crimp until they are almost negligible.
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