Every online betting platform wants to attract new players, so it usually offers a sign-up bonus. Therefore, to help you better understand the types of offers available, we will further analyze the no deposit bonuses and free bets at betting sites.
What Are No Deposit Bonuses for Betting Players?
The no deposit bonus allows new players to test the betting site before making a deposit. This offer is a big plus, as either win or lose, you still have the chance to experience risk-free.
To simplify, you can understand that no deposit bonus will award you free money to wager, and if you win, you can keep your winnings. Usually, the free cash ranges from £5 – £100, depending on the generosity of betting sites. Unfortunately, however, it is often quite challenging to meet the conditions of this type of bonus.
For example: DraftKings offers a free no deposit bonus of $30 after registration, meaning new players can claim this amount and still be able to withdraw their winnings.
With its risk-free advantage, it is not surprising that the no deposit bonus has won the hearts of bettors, and it is also the most sought-after bonus by players on the Internet. However, in reality, the number of no deposit bonuses is relatively rare, and players do not have many choices about platforms that offer such promotion packages.
Will You Really Get Money If You Win?
The answer is yes. In most cases, you are allowed to withdraw your winnings from the no deposit bonuses. However, as mentioned above, you will have to fulfill a few rather difficult conditions from the operator to convert them into real money. Also, one of the most common conditions is the wagering requirement.
Suppose you do not understand what the wagering requirement is. In that case, it is a multiplier applied to the bonus you receive. Your task is to bet the minimum value it prescribes to convert the bonus value you received from the bonus fund to the real money fund.
For example, you get a no deposit bonus of £10. However, as per the industry standard wagering requirement of 35x, you need to bet a minimum of £350 (£10*35) on sports matches to be able to withdraw that $35.
Can I Get No Deposit Bonuses Several Times?
Unfortunately, this offer is only accepted once per person. Attempting to activate them a second time by opening multiple accounts will result in severe penalties imposed on your account by the operator.
For example, the operator will close your account and withdraw all winnings you have ever received.
What to Be Aware of With No Deposit Bonuses?
Of course, the first thing that you need to pay attention to when claiming a no deposit bonus is their terms and conditions such as wagering requirements, expiry times, and the sports betting markets in which you can use them.
The expiration time of the offers will depend on the sportsbook you join. Usually, you can claim no deposit bonuses from the betting site operator via promo codes, and they will only be valid for a certain period. If you do not enter the codes within this time, they will disappear, and you have no other way to get them back. So always remember to check this to ensure a successful offer claim.
In addition, some sportsbooks will only allow you to use the no deposit bonus to place bets on specific sports betting markets. So it creates a limit that makes you feel uncomfortable when you cannot bet on the market you are most confident of winning.
The good news is that you will not be penalized for this in most cases. However, if you bet on an unauthorized market when playing with the no deposit bonus, the system will give you an error, and you will be forced to choose another market.
Also, you need to know the no deposit bonus may not be the best deal of all betting sites. Each platform of your choice has a campaign system with its advantages.
Therefore, do not blindly claim this bonus at all possible sportsbooks. They will only exhaust you, and it is unlikely that you will make a profit because it depends on whether you win your bet playing with this bonus fund.
Even in some worse situations, if you repeatedly claim this type of bonus at related sportsbooks, the operator has reason to believe that you are a bonus abuser. If that happens, it will likely block you, and you will be denied service on future betting sites in the same system.
We have searched for as much information as possible to give you an overview of the no deposit bonuses on the sports betting market today. Hopefully, it will be helpful to you in improving your understanding of this type of offer and can help you choose the right sportsbook for you in the future.
However, always remember that sports betting is just entertainment. Do not look for ways to make money through this or borrow to bet as it can lead you to severe problems that you and your family may suffer. Instead, use only the money you can lose to bet on the matches that interest you.