To take advantage of a bingo no deposit bonus, you must be familiar with its terms and conditions.
Once you understand bonus terms, you’ll be able to compare gambling sites and their bonuses accurately and pick those relevant to you.
Here’s what you need to know about bingo no deposit bonuses:
You Must Wager Bonus Winnings
To convert a bonus to real money, you must play a specific amount. The casino sets this amount by applying a multiplier to the bonus.
These multipliers generally range from 10 to 70 times your bonus – and the higher the multiplier is, the more challenging it is to convert the bonus to real money.
Here’s an example of how this works:
- You redeem a $20 bonus that comes with a $30 wagering requirement.
- To convert this bonus to real money, you must play an amount equal to 30 times the bonus:
$20 bingo bonus x the 30x wagering requirement= $600 to wager.
- When you’ve staked $600, any bonus funds left in your bonus balance are converted to real money. It’s finally time to cash out!
Bonus Winnings Are Always Capped
No matter how much you win with your no deposit bonus, you can only withdraw as much as the win limit allows.
All gambling sites implement win limits for free bonuses, and they generally range from $10 to $200.
There Are Bet Limits
When wagering a bingo no deposit bonus, you’re usually only allowed to play a maximum of $5 per hand or spin.
This is another rule gambling sites implement to limit your chances of winning big with a free bonus.
You Must Claim & Wager Your Bonus In Time
Bingo no deposit bonuses generally have short expiration dates. You must often use and wager your bonus within seven days of claiming it.
Games Contribute Differently To Your Wagering Requirement
When wagering a free bingo no deposit bonus, you must consider the casino’s game weighting percentages.
A game’s weighting percentage tells you how much of each stake counts towards your wagering requirement.
If a game is 100% weighted, it means your entire stake counts. When you bet $1, $1 is subtracted from your wagering requirements – it’s as simple as that.
However, if a game is 10%-weighted, only $0.10 is deducted from the wagering requirement when you play a $1 spin or hand.
Slots are generally 100% weighted while all other games usually range from 0% to 20%. Therefore, it’s advisable to wager bonuses on slots!
Some Games Can’t Be Played With Bonuses
Casinos always omit specific games from bonus play.
Typically, you can’t wager a bonus on the following games:
- Slots with high RTP and volatility
- Jackpot games
- Table games
- Live Casino Games
Never play an ineligible game with bonus funds. If you do, you risk having your bonus forfeited and your account suspended.