A No Deposit Bonus means just that - you are not required to put down any money whatsoever to be in with a chance of winning some cash. Understandably, this is fast becoming a popular method of gambling for many punters, as it immediately reduces any of the usual risk-taking involved in gambling.
There are usually a couple of types of No Deposit bets, the first being simple with small payouts and the second being more creative and allowing you to withdraw any profit you make. Either way, the incentive alone of free money or credits is enough to get most players' blood pumping. With this confidence boost taking full effect, punters are loving the new risk-free gambling and it has therefore been adopted by most well-known firms.
A No Deposit Bonus free bet can be applied to any sport or casino. Don't be fooled into thinking that No Deposit Bonus bets are only for sports enthusiasts. Even if you could not care less about a team or sportsperson currently in the limelight, you can still enjoy placing free bets with online casinos or betting firms via a range of exciting games. These include bingo, traditional card games and casino slots.
Playing a No Deposit Bonus free bet on a casino slot can lead to huge cash prizes thanks to some extraordinary progressive jackpots.
Progressive jackpots, as opposed to standard jackpots, accumulate money in pools every time a player places a bet at a table or slot machine. Once players have contributed to the pool, which may relate to an individual game or to a casino as a whole, payouts are determined by a set of sequences and are usually paid out in percentages.
The most common games to offer progressive jackpots are poker, blackjack, slots and Caribbean stud. Poker players will be more familiar with the term 'Freerolls' than No Deposit Bonus.
As with online slots, bingo or lottery games can yield big wins without putting down a monetary deposit. Not only is there money to be won but also the games are designed to provide a fun experience and offer a friendly community for gamers to feel part of. Games of probability, such as lottery games (including the Lotto) and bingo, have become increasingly popular over the years, as they require no knowledge or experience and are purely based on the luck of the draw.
Are there any drawbacks to No Deposit Bonuses?
They may sound great - and they are - but you should be cautious about a few things before rushing into placing your No Deposit bets. Firstly, casinos and betting firms need to make cash somewhere along the way, so don't be surprised if some No Deposit Bonuses have very high wagering requirements.
There is also likely to be a limit on how much cash in total you can walk away with, and you will probably be asked to deposit money into your account before you can cash out your No Deposit win. These points aside, No Deposit Bonus betting offers the chance to win some money in return for essentially nothing.