Who wouldn’t want an incentive to carry on gaming or playing the lottery? That’s why bookmakers and gambling firms use these ideas to help encourage new customers and keep their regulars coming back. They’re a popular fixture in many online casinos and lottery games too. So, what exactly are deposit and no-deposit bonuses and are they worth a punt? Here’s the lowdown – whether you’re a beginner or an experienced hand it’s never too late to learn the terms.
What’s a no-deposit bonus?
This is a fairly well-known technique that a lot of online casinos and lottery firms use. A no-deposit bonus is given to players sometimes simply for registering and signing up to play – it’s a great incentive to try your hand at whatever game you want to play and see if you’d like it.
Anyone can register for these if they’re a first-time player of a game, and if you’re new to playing something like the lottery for example, a PA Lottery bonus code offers a free $20 to start your adventure, so you can dive into all the fun without worrying about dipping into your wallet. It’s a cool way to check out what’s on offer, play around with different games, and get a feel for how things work, all on the house.
Advantages of no-deposit bonuses
Above all, they’re a fantastic marketing tool for companies to get new customers on board – and keep them coming back.
For the player, they’re a superb way of trying lots of different games and finding the ones you like best and want to commit to longer term.
A no-deposit bonus can also help to boost the financial gain after an initial win, which gives you the confidence to keep trying.
It also can boost your first win – and here it’s good to mention the notion of ‘bonus hunting’. This is a technique for experienced players and it helps them make money on no-deposit bonuses. However, it’s something that many online casino and lottery site owners watch carefully and frown on as a scam. Those players found using this method can often be banned from sites, so it’s always best to stick to the rules and stay legal and safe.
What’s a deposit bonus?
Let’s take a look at the deposit bonus, now. This is a reward given on online gaming sites that is given to any player the first time they replenish their account, or on future occasions as an incentive to keep playing and gain loyalty.
Sometimes it’s given as cash, often it’s given as free plays/spins. Any money given can usually only be withdrawn under the rules and regulations of the gaming site or casino, so always give the terms and conditions a read.
They’re a great way to maintain a customer base and keep players interested.
The disadvantages of both deposit and no-deposit bonuses
Firstly, the deposit bonus does have a few limitations. You’ll get a credit bonus but the amount depends on how much you’ve deposited.
Often it’s 50% or 100% offered. There are occasions when an online gaming portal will offer 200% or even 300%. However, tempting these may seem they often come with wagering requirements that you’ve got to take into account, and this can affect how much money you ultimately win.
The main disadvantage of a no-deposit bonus is that it often attracts the kind of players who literally want something for nothing (freeloaders in other words). They want to win a huge amount of money without any risk, but it’s not always possible and players can end up frustrated.