No Deposit Bonus Terms and Conditions
No deposit bonuses usually come with quite stringent terms and conditions, so make sure you read them before creating a new account. Here are some strings that may be attached.
Wagering requirements are a fact of life in the world of online casinos, so how do they work? Simply put, a wagering requirement refers to the amount you’ll be expected to wager before you can withdraw anything you win using your bonus funds or spins. It’s provided as a multiple of the bonus funds or winnings – say, 20x or 40x.
If you’re playing a casino game using no deposit bonus funds, the wagering requirement is usually based on the total bonus funds. For example, if you’ve claimed a bonus of €5 and the wagering amount is 40x, you’ll have to wager a total of €200 (that is to say, 40 x €5) before you can withdraw any winnings.
Some casinos include the value of your initial deposit in the calculation, and this significantly increases the wagering requirements of the bonus. Keep an eye out for this in the terms and conditions to avoid any unwelcome surprises.
When it comes to free spins, the wagering requirement is calculated against the amount you win. Take the example of a welcome bonus of 50 free spins with a 20x wagering requirement. Say the reels come up in your favour and you win €100 from playing your free spins. In this situation, you won’t be able to withdraw this money until you’ve wagered 20 x €100, which would be €2,000 worth of bets.
Free spins are often limited to certain slot games only. Similarly, Irish casinos may place restrictions on which games you can play with your no deposit bonus funds. Generally speaking you should have a large choice of eligible games available, including popular table games, but it’s a good idea to check the fine print to see if any specific categories are off limits.
Casino bonuses don’t tend to stick around forever. Most no deposit bonuses will come with a strict time limit by which they must be used. Miss the deadline, and the bonus will disappear from your account along with any associated winnings. A free cash bonus or free spins will often need to be used in a matter of days, so avoid missing out by only signing up once you’re ready to play.
A winnings cap is the maximum amount that casino players can rack up in returns using their bonus funds or free spins. Winning caps on bonus funds are either expressed as a set amount or a multiple of the bonus. For example, if you have a no deposit bonus of €5 and there’s a 4x winning cap, you can only win up to €20. This means that big progressive jackpot wins will almost always be off the table when you’re betting with bonus funds or free spins.