No Deposit Bonus Requirements
By now, you’ve no doubt read up on no deposit bonuses. You’re also aware that some sites cash them out, while others just use it for fun. For the sites that cash it out, you’ll notice that you have to meet a requirement – but what does that mean, anyway?
Well, it depends. Each site is different, and their terms are laid out plainly in the Frequently Asked Questions section, but for the sake of this article, let’s talk about the basics.
One thing you’ll probably notice is that sites frequently talk about “playthroughs”. What this means is that the player needs to wager that many times before they’re able to withdraw. For example, if a site says it has a playthrough requirement of 15x for Blackjack, the player needs to place bets and play games to the value of 15 times their initial deposit. After doing so, they may cash out.
Another example is with a deposit bonus. Hypothetically, let’s say you place $50 into your account and get a 100% bonus. Now, you’ve got a $100 deposit. This means that you’ll need to place a minimum of $750 before you’re able to cash out that $100 bonus.
If it sounds unnecessarily difficult or unattainable, it’s not. The casinos have to protect their money the same way that you have to protect yours.
One other thing to note is percentages, and this is where things get tricky, so you need to pay attention.
Casinos assign percentages to games. This could be because it’s a little easier to make money on these games, or they’re more popular. Whatever the case may be, those percentages are there, and they vary from casino to casino – but what do they mean?
The percentages are there to inform players that playing this game will only count a certain percentage toward hitting their target. Confused? Don’t be. Let’s set up another hypothetical example.
You sit down for a hand of poker and plop down $50. Thanks to the 100% bonus, you now have $100. However, poker only counts 70% toward the playthrough goal, so only 70% of your initial $50 deposit counts toward that goal, meaning you’ve only contributed $35 toward that playthrough goal.
The important thing here is to not get put off by the percentages. Some games have higher percentages, some have lower percentages, and some don’t count toward your playthrough goal at all. Each site should have the percentages for each game clearly laid out, so you’ll know exactly how it works before heading in.
When you’re choosing from the sites with the best no deposit bonuses on the Internet, it’s important to know how the requirements and playthrough percentages works. Educate yourself before going all in!