Is It Possible To Win Real Cash With No Deposit Bonuses?
It goes without saying that online gambling is designed to be fun and engaging, otherwise, the initial attraction to play wouldn’t be there. Although part of the overall goal is to have fun when playing, there’s no point kidding ourselves that the ultimate aim is to win money. So, what’s the best way to do so?
Well, even though there’s an absolute cornucopia of online casino offers out there, arguably the best way to improve your chances of winning is to make use of a free no deposit casino bonus.
Now, the words free and online casino may not seem like they go hand in hand, but we can assure you that everything is, in fact, above board. There may be certain terms and conditions you’ll have to navigate, but when using a no deposit bonus you absolutely won’t need to risk any of your hard-earned cash.
The first thing you’ll need to do is find an online casino that provides this type of offer – preferably one with plenty of NetEnt games. Fortunately, you’re in the right place. You’ll find all of our top recommendations, along with the respective no deposit bonuses for Canadian players right here. But before you start playing, make sure to read on so that you fully understand what this type of bonus entails.
After selecting your online casino, the next step is to register a new account. Bear in mind that certain no deposit bonuses come in the form of bonus codes, which you may need to enter during the sign-up process. If it’s part of the introductory offer simply create your new account as normal.
In rare situations, you may need to contact Live Chat to receive your no deposit offer, but, in most cases, the free bonus funds or free spins will be automatically credited to your account.
If you’ve selected a no deposit free spins bonus then your online casino will likely have a list of eligible games. Often these include top NetEnt slots including Starburst and Gonzo’s Quest, which can be truly rewarding, but many other choices will be at your disposal. All you have to do is pick a qualifying game, play through your free spins and watch the wins potentially roll in.
No deposit cash bonuses tend to be slightly less restrictive, insofar as you’ll have a greater choice of which games that you can use your bonus funds on. Again, play through your free casino bonus to see if Lady Luck comes your way and rewards you with plenty of winnings.
It’s worth mentioning that certain sites may have a cap on any winnings gained from a no deposit bonus. Always be sure to read the terms and conditions to avoid any unexpected surprises.
Now that you’ve used your no deposit bonus you may be looking to withdraw any potential winnings. However, more often than not there’s one final hurdle to overcome – the wagering requirements.
This is what dictates how many times you must wager your bonus funds in order to convert it into real money. If successful, you’ll be able to withdraw any winnings you have earned.
Ultimately, there are a few hoops to jump through when utilising a no deposit bonus, but that’s unsurprising when free money is involved. The whole idea from the online casino’s point of view is to get you to sign up and make a deposit. However, if you’re lucky enough there’s absolutely no need to part with any of your own valuable dollars.
We suggest you make use of these offers, where available, to see how you can potentially turn a small number of bonus funds or free spins into a sizeable profit!
What Are No Deposit Casino Bonuses?
Online gambling terminology can be rather confusing at times. Not only that but there are multiple ways of wording extremely similar offers, whilst other offers may appear to be the same even though they are entirely different. With that in mind, here we’ll explain precisely what a no deposit casino bonus is so that there can be no misunderstanding.
The first thing to clear up is that there is a significant difference between a regular deposit bonus and a no deposit bonus.
Deposit bonuses are commonly found as part of an online casino welcome package. They require you to deposit a certain amount of money, which will typically benefit from a percentage match, to qualify for the offer. They’re also potentially available on subsequent deposits and carry additional qualifying requirements.
On the other hand, a no deposit bonus, also known as a sign-up bonus, doesn’t require any funds to be deposited – you’ll simply receive the offer after creating a new account at any online casino that runs this promotion. In most cases, this will come in the form of a fixed monetary amount, as opposed to a percentage of the deposit made when using a deposit bonus.
As this is essentially free money to play with, the value of a no deposit bonus tends to be much lower than that of a deposit bonus and the wagering requirements are typically higher.
Alternatively, instead of a fixed cash amount, a no deposit bonus could come in the form of Free Spins. These can be awarded as part of a casino welcome bonus or as a separate offer entirely. Either way, these are Free Spins that an online casino gives to you without having to make a deposit first.
After playing through these Free Spins, any money that you win is then credited to your account. However, more often than not this will be in the form of bonus funds, not actual cash. If it is awarded in the form of bonus funds then certain wagering requirements must be met before the funds are converted. This means that the total amount won from the no deposit Free Spins must be wagered a set number of times before anything that remains is able to be withdrawn.
These types of offers can also be awarded via various no deposit bonus codes. These are special promotional codes that must be used to receive the offer. More often than not you’ll find these codes listed on a site’s promotions page, but, on occasion, they may also be sent to you via marketing materials or found within the bonus terms and conditions.
What is imperative is that you enter the code when prompted, otherwise you will not receive the offer.
As an example we’ll take a look at a no deposit casino bonus Canada currently has on offer – One Casino: €10 No deposit bonus + 100% up to €100.
Obviously, as Canadian players, it’d be preferable that the currency was listed in C$. However, as the site does accept players from Canada, along with the currency, it’s highly likely that the offer will translate – if not, you’ll get the comparative amount in Euros. Regardless, simply by completing the registration process at One Casino, you’ll receive a free €/C$10 to play your favourite online casino games with.
As we’ve mentioned, no deposit bonuses tend to come with wagering requirements. Thankfully, this particular offer isn’t particularly restrictive, standing at 25x. This means you would need to play through the value of your no deposit bonus 25 times, which would result in a total wager amount of €/C$250. After doing so the bonus funds would be transferred to your account balance, giving you the option to continue playing or simply withdraw your winnings.
The remaining part of One Casino’s welcome offer comes in the form of a deposit bonus. This means you would actually have to fund your account for the first time and If you were to take advantage of it in full you’d receive a 100% deposit match up to a maximum value of €/C$100.
As you can probably imagine, because this type of bonus is much much generous on the part of the online casino they’re not as common as other bonuses. However, we’ve done the research to find the best Canadian no deposit casinos, so you don’t have to. Simply, load up one of the bonuses and start playing – there’s no risk whatsoever and you could walk away all the richer for doing so!
Once I Win Cash From A No Deposit Bonus, How Do I Withdraw It?
Okay then, so you’ve made use of a no deposit offer, played through your free spins or bonus funds, won some money and now you want to withdraw your winnings – how exactly do you go about doing so?
Well, as we’ve previously mentioned, first of all, you’ll have to meet the attached wagering requirements. These can vary from site to site but they typically range between 25x – 50x. One Casino, which we’ve highlighted, currently has one of the lowest wagering requirements for a no deposit bonus so that’d be a great place to start, but there’s nothing stopping you making use of multiple offers.
After you’ve managed to convert your bonus funds into real money the withdrawal process can begin. As the offer doesn’t require you to make a deposit first it’s unlikely that you’ve set up a payment method. Therefore, this will be the first step.
Most online casinos provide you with multiple ways to both deposit and withdraw funds, including many leading payment solutions such as Visa, Mastercard and Neteller. If you don’t have access to any of these, you needn’t worry as it’s likely that there are also a number of other options – services such as Trustly and Skrill may also be supported.
Simply choose a payment method that suits your needs, enter the amount you wish to withdraw and confirm the transaction.
However, there is one thing that we must mention. To verify your account, and to ensure that the payment method you have chosen is yours, certain online casinos may require that you make an initial deposit. Obviously, this takes some of the gleam off the whole ‘no deposit’ aspect due to the fact you do actually have to make a deposit in order to receive your winnings. Additionally, you may also need to play through a minimum value of your deposit to verify your payment method. After doing so, there’s nothing else you’ll have to do except withdraw your winnings.
Depending upon your chosen payment method, the time it will take your funds to reach your account may vary. Card transactions can take up to 5 business days, whereas eWallet withdrawals are typically much quicker. Either way, after submitting your withdrawal request you can sit back, relax and be happy in the knowledge that you turned a free casino bonus into a fantastic cashout!
Do I Have To Play Through Wagering Requirements To Claim My No Deposit Bonus?
The world of online gambling is a highly competitive market, with hundreds, if not thousands, of different sites flaunting their wares all over the world wide web. Due to the rapid expansion of the industry, we’re seeing new online casinos popping up on nearly a daily basis. But the question remains: how can a new casino compete with all of the already well-established brands?
Well, as you’ve probably guessed, much of this lies within the different perks that a site offers to prospective players – ultimately, the bonuses. Whilst the staple of the iGaming experience has been the welcome bonus for many years, more and more sites are now leaning towards the no deposit bonus in order to attract more players.
As there’s no initial risk to your finances, it’s easy to see why this type of offer has not only become increasingly popular in Canada but all around the world. The only aspect of this bonus that can be considered a slight negative is the wagering requirements. However, unfortunately, they’re a necessary evil.
Online casinos in Canada, like all other businesses, are designed to make money. If they were to give out free cash to every player that walks through their digital doors, with no strings attached, they’d soon lose a great deal of money and struggle financially – hardly the best business model.
Granted, wagering requirements can be tiresome but they’re in place to prevent the casino from being beaten over and over again. Some sites do apply less restrictive terms to a no deposit bonus than others, but, overall, you’ll find that they all have some sort of wagering requirement in place – typically somewhere in the region of 25x – 50x.
However, online casino bonuses are constantly evolving to meet the latest player demands. What was once tried and tested quickly became outdated and stale, which ushered newer, more rewarding offers.
One such offer is the no-wagering bonus. Also known as wager-free bonuses, this is an offer that provides you with exactly what you’d expect – a bonus that has absolutely zero wagering requirements. Typically this comes in the form of no-wager free spins, but it can also apply to a cashback offer that has no wagering requirements.
It’s likely that you’ll find no-wager free spins in conjunction with an initial welcome bonus, but certain online casinos do offer them on their own. Irrespective of how you get your hands on them, any winnings you earn are paid in real money and are yours to keep in full. You won’t have to convert the funds by meeting any wagering requirements whatsoever, you can simply head to the cashier and withdraw your well-won cash!
Canadian No Deposit Bonus FAQ
What is a no deposit casino bonus?
These bonuses are awarded once you sign up at a casino and don’t require you to deposit cash to claim it.
How can I win real money with a no deposit bonus?
Simple, claim it and then make sure you follow the offer’s terms and conditions to the letter. This will likely mean playing through wagering requirements.
How can I withdraw my winnings from a no deposit bonus offer?
Make sure you’ve completed the wagering requirements of the offer and then pick one of the casinos approved withdrawal methods to transfer your winnings into your bank account or e-wallet.
Do all no deposit bonuses come with a wagering requirement?
All the no deposit bonuses we’re aware of have wagering requirements. Casinos usually put the requirements on their sign up bonuses to stop bonus abusers trying to claim easy money from them.