"Get $ 300 free - no deposit required", the ad from online casino site says. Many internet casinos offer this type of bonus called No deposit casino bonus to new players. The condition is that you have to be a first time member on their site.
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The promise of free cash never fails to get people's interest. But are they really free money? Can a player really leave the casino with a wad load of cash using this kind of gambling bonus? Let's have a deeper look at the truth about the free bonus promotions at online casinos.
The myths:
Do not think for a moment that online gambling sites would give away free money unless it benefits them. After all they are businesses. Their main purpose is profits. So why would they offer these promotions?
Firstly, they know that many people would join their site as a result of it. And a good percentage of them would stay on to become depositing players who will contribute to their income.
Secondly, and most importantly, the free money they promise have certain rules. This rules makes it very hard, if not impossible, for any player to win from the promotion. So simply put, this kind of free bonuses might be nothing more than a 'promise of free cash'.
The Reality:
This no deposit needed bonus offered by online casino sites have rules, certain requirements. It concerns the cash-out of winnings. Of course, the free balance given in the account will let you play their games for free. But when a player wins from the bonus comes this rule. The rule is called Wagering or Cash out requirement(CR).
With this rule, withdrawing winnings is permitted only after the free amount is turned-over a number of times. It is usually given something like '20xB' that means 20 times bonus. Let's take an example of a bonus of $25 with a CR of 20xB. A player has to make minimum total bet of 20 times the bonus, i.e. 25x20 = $500. Only if the player managed to still have available balance after betting $500 can cash out be done. Needless to say that this rule makes the chance of winnings very little. Wagering requirement differ from casino to casino. It can be anything from 10xB to 100xB.
The chance of winnings in casinos depends on what is called Payout percentages(PP). This is the amount of money that will be given out in the particular games as opposed to how much money is put in. It is given as a percentage out of 100. This is decided by the computer that controls the game and is set for a complete round or cycle. The cycle could be say like when $10,000 bet is completed or something like that. No one knows this but the computer. This percentage is always below 100(eg. 95%). The remaining percentage becomes the 'House Edge'. That is the profit of the casinos.
Different games have different payout percentages. Online slots are usually around 95%, table games like poker, craps or blackjack can be higher at around 98%. It differs from casino to casino.
The reason we explain the payout percentage is because there are restrictions in the particular type of game that can be played using no deposit bonuses. Many online casinos will not allow the play of table games with this bonus because the PP is high i.e. the chance of winning is more. The ones that do allow will set the CR i.e. requirements higher. For eg. CR for slots 20xB, CR for Blackjack 50xB.
Last Word:
In conclusion, the reality is that online casinos offer no deposit required bonus for real. But the truth is that to win anything from it is not easy, if not impossible. The requirements or rules relating to cash-out of the winnings from this bonus is strict.
Therefore, these type of casino bonus is recommended mostly for people who just love to play the games. Another reason would be for practice or to familiarize the casino games before starting to bet for real. Although it has to be said that there is a chance, very little but there, that a player might even win big amount from this type of promotion for free.
The introduction of online casinos has changed the whole concept of casino games and gambling. Now you can play your favorite casino game, sitting at the comfort of home. You don't have to visit any casino physically and bear extra costs like membership charges and other expenses like foods and drinks. The only thing you require is a computer with Internet connection, and then you are ready to go. When online casinos were first introduced, it became a major hit and gained immense popularity. This resulted in huge growth of online casino industry which in the present days earns in millions as they are visited by millions of members every day.
As there are plenty of online casino websites available Casinomaxi over the Internet, it is really difficult to choose from them and decide which one to go for. But there are some points that you may consider before becoming a member of any of these online casino sites.
Online casinos are free, so don't become a member of any online casino website that is asking for some sort of subscription charges as these are fraud sites and you will find yourself in a loophole if you become a member of any such site.
The second point to see before becoming a member is the offers that the site is providing. Go for the online casino sites that are providing you with exciting offers like bonus time and also gadgets like I-pods. This will be a smart choice as you will get all these cool offers and also become a member at the same time. Some sites even hold grand competition which is called jackpot and you can also take part in this competition that is held weekly or once in a month. So look for these features before you are deciding to become a member.
Look for facilities like interactive chat rooms, so that you can chat with your opponent while playing the games. It is quite a fun experience. Some sites even have the cam and microphone facility. This makes the game interesting enough as you can interact with the opponent as if he/she is sitting next to you. You can see their faces and also hear their voices. Try to find these features before you become a member of any of these online sites.
Some new online casinos have come up with customizable virtual rooms wherein you can modify your virtual room by adding furniture and other equipments of your preference. You can also change the appearance of the table along with the room by adding colors of your choice. So find more and more features before becoming a member of the online casino websites as it will be a fun experience for you.