All bonuses have terms and conditions governing their usage, and this goes for the $400 no deposit bonus and the 400 free spins no deposit bonus as well. The terms and conditions are important for players as well as the casinos that offer the no deposit bonuses.
For the player the terms and conditions do the following:
- They tell you accurately what the bonus has to offer.
- They inform you about the way the bonus works.
- They enable you to compare the bonus with similar bonuses from other casinos.
There is a downside as well, for players, and a big one – the limit the amount you can win with the bonus, and also ensure that you spend a lot of money to withdraw a nominal amount as winnings.
For the casino, the terms and conditions do the following:
- They ensure players use the bonuses fairly.
- They prevent any possibility of bonus abuse or exploitation.
- They keep the casino profitable.
Here are the important terms and conditions associated with a $400 or 400 free spins no deposit bonus.
The wagering requirement is the most important of all conditions governing a $400 no deposit bonus. It requires you to bet the bonus amount that you receive or the winnings from it – depending on the type of no deposit bonus you are using – a specific amount of times; only then are you able to redeem any winnings that you earn with it.
The wagering requirement is expressed as a multiplier of the bonus amount or bonus winnings. For no deposit bonuses the wagering requirement is higher than it is for their deposit counterparts. Here is an example of the wagering requirement and how it works for a $400 no deposit bonus.
mFortune Casino offers new players a no deposit bonus of $400 with a wagering requirement of 20x the bonus amount.
Assume that you use this bonus and win $200 with it. Before you can redeem your winnings you will need to bet a total of $32,000 (Bonus of $400 X 20x).
The wagering requirement works a little bit differently for match deposit bonuses.
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Wagering Requirements for the Match Deposit Bonus of up to $400
The wagering requirement for a match deposit bonus of $400 – be it a welcome bonus or any of the other bonuses for existing players, like a reload bonus or monthly bonus – is expressed as a multiplier of any of the following:
- Bonus amount
- Bonus and deposit amount
Here is an example to show how the wagering requirements for a deposit bonus when it is tagged to the bonus amount only.
Palace of Chance Casino offers a 200% bonus up to $500 match bonus with a 15xx wagering requirement and its qualifying deposit.
This means you must play an amount equivalent to 15xx the value of your bonus and the deposit you made to claim it.
So, if you deposit $30 to claim this bonus you must wager play $60 to convert the bonus funds to real money you can withdraw.
Here’s a calculation that puts this into perspective:
- $30 deposit + $500 bonus = $90.
- $90 x a 15xx wagering requirement = $1350 to wager.
So, once you’ve played $1350, any remaining funds in your bonus balance are converted to real money and transferred to your cash balance. You can now withdraw your bonus winnings.
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Wagering Requirements for the 400 Deposit and No-Deposit Free Spins Bonus
Regardless of whether the 400 free spins bonus you are using is a no deposit bonus or a deposit bonus, you will need to wager your bonus winnings a given number of times in order to fulfill the wagering requirements. Only then will you be able to cash out winnings from this bonus.
The following example explains this clearly.
A casino offers you a no deposit bonus of 60 Free Spins. The promotion has a wagering requirement of 60x the bonus winnings. Say you use this bonus and rake in wins worth $400. To be able to redeem any of your winnings you will first need to wager a total of $24000 ($400 bonus winnings X 60x).
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Once you have used up a $400 no deposit bonus or a 400 free spins no deposit bonus, you must complete your wagering requirements and then make a minimum qualifying deposit into your account; only then will you be able to redeem winnings earned with the bonus.
The following example makes this clause perfectly clear.
Royal Planet casino offers new players a no deposit bonus of $400. The offer has a wagering requirement of 80x the bonus amount. Once you have used the bonus and completed the wagering requirements, you will need to make a minimum deposit of $20 into your account to be able to initiate the process to redeem your bonus winnings.
The 400 no deposit casino bonuses come with a maximum cashout limit. There is only a certain maximum amount you are able to withdraw from your total winnings – that limit is set by the casino.
Anything above the maximum cashout limit is removed from your account and rendered unusable for you. The following example will help you understand this better.
Say a casino offers a no deposit bonus of $400 with a 60x wagering requirement and maximum cashout limit of $200. You use this offer and win $400. Once you have completed the wagering requirements and made the minimum qualifying deposit, you will be able to redeem only $200 out of your total winnings of $400 – the remaining $200 is removed from your account.
So why would a casino place a cap on the maximum you can withdraw with a $400 no deposit bonus, or any no deposit bonus for that matter? The answer is simple – to ensure that the casino does not bleed itself dry by providing players with big payouts for such a small bonus.
There is a limit to the maximum single bet you are allowed to place while fulfilling the wagering requirements for a $400 no deposit bonus. Most casinos allow a maximum single bet of $5; there are of course casinos offering higher maximum single bet limits. This condition ensures that you do not end up running away with a monster payout even as you are fulfilling the wagering requirements.
In the case of the 400 no deposit free spins bonus, the bet limit is pre-set to the lowest bet denomination.
A casino may set such a bet limit to prevent you from:
- Pulling off a big win while you are fulfilling wagering requirements
- Rushing through the wagering requirements in rapid time
You cannot use any of the 400 no deposit bonuses to play all the games at the casino; there are always certain games that are left out.
You may use the $400 no deposit bonus to play all the various games that the casino offers save the ones on the restricted list. In addition, you may use the 400 free spins to play only the slots that the bonus covers.
Playing a game that is not covered by the bonus can result in cancelation of your bonus winnings and termination of the bonus itself.
The excluded games clause is applicable while fulfilling the wagering requirements as well. You are allowed to play only games that contribute significantly towards the fulfillment of said wagering requirements and also the games that are not on the casino’s restricted list.
The game weighting percentage is the percentage that a specific game or game type contributes to the fulfillment of wagering requirements. It is also referred to as the wagering weight and directly related to the game RTP – the higher the game RTP the lower the wagering weight.
That is why casinos encourage players to play games that contribute more towards the wagering requirement – e.g. slots or scratch cards – and stay away from games like video poker, which contribute very little to the wagering requirements.
Every $400 no deposit bonus and 400 free spins bonus offer has an expiry date. Ensure that you use up the bonus and also claim your winnings before that date, else the bonus gets invalidated and you lose all your winnings from it.
There is an expiry date for the wagering requirements as well. Casinos require you to complete the wagering requirements within the given time period, before the bonus expiry date. If you complete using a bonus on time but are not able to fulfill the wagering requirements on time, you could be stuck with a penalty or, worse, the casino could cancel all your winnings from the bonus!