No Deposit Bonus
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|‣||What Is A No Deposit Bonus|
|‣||How Does a No Deposit Bonus Work|
|‣||Differences Among Various Betting Bonuses|
Ask any sports bettor what their dream bonus is; chances are, they’ll tell you a bonus involving free money without any financial deposit from them.
Sounds too good to be true? Well, it isn’t with no deposit bonuses.
No deposit bonuses have unique perks that make them the most sought-after of the three welcome bonuses (the other two most common welcome bonuses are first deposit bonuses and risk-free bets). However, no deposit bonuses are also the hardest to come across.
So if you wish to find out more about no deposit bonuses and want to know how to find this rare breed of bonus, this guide will take you through all you need to know.
What Exactly Is A No Deposit Bonus?
If you’re wondering what a no deposit bonus is, it’s basically a sign-up bonus where bettors are given free money by a sportsbook once they conclude the registration process.
This bonus is withdrawable, so you can keep any earned profit as long as you stick to the sportsbook’s terms and conditions.
The biggest difference between this and the other welcome bonuses is that a deposit is required to trigger the other two bonuses, whereas a no deposit bonus is given before any financial deposit is made.
Essentially, this allows you to play with the bookies’ money, so you can freely try a site without risking anything; this can be useful when you’re unsure about a site and want to see its perks before you deposit your own money.
You may be wondering why a sportsbook would willingly give out free money.
This is because some sites are confident of their betting products and are sure that bettors will stick around after testing them out.
Plus, bettors still have to place bets before they can withdraw this “free money.”
How Does This Bonus Work?
If you wish to take advantage of a no deposit bonus, you first need to understand how it works. Once you do so, you can easily manipulate this bonus to your advantage and use it to increase your bankroll.
Since you aren’t making a deposit, you have an easier starting point. Once you’ve found a sportsbook giving out this offer, you need to register for a new player account.
Completing registration is key because that is the only way to guarantee that you get the offer.
After completing the above, the bonus will be credited to your account. From there, pick your bets, make sure that the odds selected meet the minimum requirements, and then use the credited bonus to place your bets.
It’s important to note that this bonus may be given in the form of free bets.
So you may get one large bet amount, e.g., a free bet worth $25 or $50 that cannot be broken down, or several bets of smaller amounts, like 3 free bets worth $10 each.
In the latter case, you have the option of placing a variety of bets, whereas single free bets of larger amounts restrict you to one single bet, though you still have the option of placing a parlay.
Regardless of how you receive your no deposit bonus, there are certain wagering conditions that you need to follow before you can withdraw any winnings earned from this bonus.
Books won’t let you withdraw until the bonus is wagered till it reaches a certain dollar amount. Alternatively, you may have to place a specified number of wagers to unlock the winnings.
This is what is commonly known as rollover, which is also called play-through by other books.
Bookies also place other requirements on no deposit bonuses. The most common requirements are that each bet or bet selection must meet the minimum odds—often -200— and that your no deposit bonus is only applicable on specific sections of the website; for example, you can’t place bets on casino games using this bonus.
Additionally, you may be given a time limit to achieve your rollover once you start placing bets using the bonus.
The best thing to do is always check a sportsbook’s terms and conditions before hurriedly jumping in on a bonus offer.
Remember, each book has specific conditions that dictate how offers—such as no deposit bonuses—are handled, and these conditions are rarely ever the same on different sportsbooks.
Who Should Use No Deposit Bonuses?
When sportsbooks are creating bonus offers, they usually have a target audience in mind. In the case of no deposit bonuses, sportsbooks try to aim for new and first-time sports bettors.
One reason why is that such bettors are still cautious about depositing their money into betting sites, so free bets appeal to them more since they don’t need to deposit anything.
Casual sports fanatics who rarely ever wager are more likely to be lured by this bonus rather than bettors with a lot of betting experience. You’ll find that seasoned bettors tend to go for other promos like risk-free bets and first deposit bonuses.
This is because such bonuses, despite requiring a deposit to trigger them, have greater bonus amounts which translate to a bigger bankroll.
Either way, if you ever find yourself in a scenario where you can get a hassle-free bonus, it’s always advisable to go for it regardless of your skill level.
Differences Between No Deposit & Deposit Bonuses
You may find yourself torn between a no deposit bonus and a different type of bonus, such as a risk-free bet. In such situations, you can weigh the differences between the two to help you decide.
Obviously, a no deposit bonus doesn’t require a deposit, whereas risk-free bets and deposit match bonuses both require a deposit. Other key differences to keep in mind are the following:
- No deposit bonuses typically give bettors small amounts (i.e., $5, $10, $25, etc.), while the other two are known for having larger amounts (i.e., $250, $500, $1000, etc.).
- No deposit bonuses have lower rollovers, while the rollover in the other two bonuses is usually higher.
Highlights & Drawbacks Of No Deposit Bonuses
There’s a mixture of good and bad in everything in the world; the same is true for no deposit bonuses.
Some of the pros of no deposit bonuses include the following:
- They are triggered without a deposit.
- New bettors get the chance to test out features without investing their own money.
- It is truly risk-free on the bettor’s side.
- Rollover requirements are known to be less stringent with this type of offer.
- You can easily build a great bankroll using the bookies’ own money.
Despite the above, there are some noticeable drawbacks to no deposit bonuses that you should keep in mind. Some of these cons include the following:
- Sportsbooks usually give lower bonus amounts. It’s hard to find no deposit bonuses that exceed a combined value of $50.
- It’s the hardest bonus to find.
- There is usually a waiting period. This stops you from withdrawing your winnings immediately after achieving the rollover.
- Winnings earned from the bonus usually do not include the amount staked. For example, any winnings earned from a $5 free bet won’t be inclusive of the initial $5 staked.
Sportsbooks That Offer No Deposit Bonuses
As stated above, no deposit bonuses are tough to find. This is because sportsbooks don’t like giving away free money, as this could give bettors an upper hand.
The other bonuses force bettors to make a deposit, assuring books that you’ll at least risk your own money, making such offers more favorable to operators.
That doesn’t mean that you can’t find a book with a no deposit bonus. Typically, operators launching in a different or new market tend to go for this bonus offer.
Newer betting sites also offer this in highly-concentrated markets to try and compete with already-established brands. So if you hear that a new online sportsbook is launching in your state, you can check and see whether it offers this bonus.
Unibet currently has a similar offer where they give bettors in New Jersey, Indiana, and Pennsylvania multiple free bets after signing up on the site.
Final Take On No Deposit Bonuses
No deposit bonuses, despite being hard to find, are great because they lessen your risk.
So if you ever stumble upon them, they could prove to be a great way of easing you into a new sportsbook that you may not be familiar with.
However, just like all other bonuses, always read the fine print to ensure that you understand all the terms and conditions before opting in.
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