Picture the scene – you wander along Las Vegas Boulevard to be greeted by MGM Grand employees handing you free chips and inviting you to come inside and play.
Your first reaction would be to think ‘what’s the catch?’ and there is one, but we’ll get to that later. The point is that this would never happen, which shows just how good online no deposit bonuses are.
These bonuses don’t require you to risk any of your own funds – so in theory, it’s free money.
Casinos view no deposit bonuses as a lure. Meaning that they throw them out there, where hundreds and even thousands of players will take them up, but few will go on to become long term customers. And the ones that do? Well they might get lucky and net themselves a big player. Job done.
So it’s no surprise that there are some pretty tight terms and conditions attached to them. These may include, non-cashable, high wagering requirements 40x plus and low bonus amounts (usually around £5 or £10). But hey it’s free so who cares?