Mervyn Davids

Mervyn Davids

Posted on 31 January 2023

How To Profit From Free Casino Bonuses

Free casino bonuses offer a unique opportunity to win real money for free online. Yet winning isn’t easy. 

In this article we provide you with a number of expert tips & tricks that maximize your chances of winning real money for free using no deposit bonuses. 

First Thing: What Is A Free Casino Bonus?

A free casino bonus is more commonly known as a ‘no deposit bonus.’ 

This type of bonus is free to claim and gives you the chance to win real money. 

As the name suggests, no deposit is required to claim a no deposit bonus.

All you have to do is register a few rudimentary details with the casino, including:

  • Email Address
  • Name 
  • Date of Birth

Types of Free Casino Bonus

If you go on to claim a free casino bonus, it’s worth being aware of the types on offer. These are mostly similar but there are a few key differences.

We’ll introduce you to them both below:

 No Deposit Bonus

A regular no deposit bonus will issue bonus credits. These are on-site credits that only hold value at the casino – you can’t withdraw them until you fulfill the T&Cs.

Pros

  • Good Value – Most no deposit bonuses are worth between ?10-?50 in bonus credits.
  • Risk Free – When you play with no deposit bonus credits you don’t have to risk any of your own funds.
  • Win Real Money – You can win real money with no deposit bonus credits by fulfilling the terms and conditions.
  • Eligible Games – Generally, you can play a wide variety of games with bonus credits, including slots and table games.

Cons

  • Terms & Conditions – Before you can withdraw your winnings you have to fulfill and adhere to a list of T&C’s which can be quite extensive.

No Deposit Free Spins

A no deposit free spins bonus will credit your account with a number of free spins after you register. 

Your free spins will be eligible exclusively on a single slot game or a handful of slot games.

Pros

  • Decent Value – You are likely to receive between 10 and 50 free spins with a no deposit bonus.
  • Risk Free – You do not need to make a deposit and therefore your own funds are not at risk.
  • Win Real Money – You can win real money with no deposit free spins by adhering to and fulfilling the T&Cs.
  • Play Popular Slots – Free spins are designed to be attractive; they are usually made eligible on popular slot games.

Cons

  • Terms & Conditions – You can only win real money with no deposit free spins by fulfilling the often extensive T&Cs.

How To Win Real Money With Free Casino Bonuses | 5 Step Guide

Winning real money with a no deposit bonus is not easy. 

There is no in-game strategy that guarantees profit. (And don’t believe any ‘guide’ that claims there is). 

Making a profit with no deposit bonuses is all about your approach. 

We’re going to show you how to maximize your chances of making a profit with a free casino bonus by showing you how to find free bonuses more likely to yield a profit. 

Let’s get into it. 

#1. Low Wagering Requirements

The best advice we can give to anyone looking to make a profit with a free casino bonus is to find bonuses with low wagering requirements.

Essentially, a bonus’s wagering requirements stipulates how many times you have to ‘wager the value of your bonus’ before you can withdraw.

In most cases, the wagering requirements determine whether or not you will win with a no deposit bonus.

For those new to the concept, we will illustrate how it works:

Let’s say you claim two no deposit bonuses that are both worth ?10 in bonus credits.

Bonus A comes with wagering requirements set at 60x.

Consequently, before you can withdraw your winnings with Bonus A, you will have to wager at least (?10 x 60) ?600 using your bonus.

Bonus B, on the other hand, comes with wagering requirements set at 10x.

Therefore, before you can withdraw your winnings with Bonus B, you will have to wager at least (?10 x 10) ?100 using your bonus.

As you can see, the wagering requirements can make an enormous difference.

We highly recommend you only claim no deposit bonuses with wagering requirements set at between 10-40x for the best chances of winning.

#2. Play The Right Game

Another factor you should consider is the eligible game.

You want to play a slot game with a high RTP and a low volatility.

We will elaborate on why this is the ideal game after providing you with definitions of these terms:

  • Return to Player (RTP) – RTP is a way of calculating a slot’s odds. If a slot has an RTP of 96%, it means it will return 96% of the stake that all players playing the slot wager on it over an almost infinite number of spins. Don’t place too much hope on the RTP. The RTP is an average taken from such a vast quantity of spins that its impact in the short term will be minuscule. It only constitutes a general trend in the long term.
  • Volatility – This is a short term measure of a slot’s behavior. If a slot has a high volatility, it means there is a high risk of losing a bet; low volatility suggests a low risk of losing a bet.

When paired, these two aspects – high RTP, low volatility – allow you to sustain your bankroll in the short term, while increasing the likelihood of making a profit in the long term.

Providing you wager your bonus consistently, you should begin to reap the benefits of selecting the ideal slot game.

Bonus Tip – Stay Away From Table Games!

Table games are great, aren’t they? Not only do they have incredible odds, but you can employ genuine mathematical strategies that boost your chances of winning.

So why not play table games with a no deposit bonus?

The answer, sadly, is that casinos also know that table games have great odds, and have subsequently negated them with a rule called ‘game weighting contributions.’

This rule determines how much of your stake ‘contributes’ to the wagering requirements.

For instance, whereas slots contribute 100%, table games can contribute as little as 4%.

Therefore, if you were to wager ?100 on slot games, ?100 would be taken away from the wagering requirements.

On the other hand, wagering the same ?100 on table games will only take away ?4 from the wagering requirements.

#3. Work Out The Expected Value

One way of figuring out if you are more likely to win with a casino bonus is by working out the expected value (EV).

To work out the EV for a casino bonus you need three variables:

  1. Bonus Value – The amount you receive in bonus credits / free spin winnings.
  2. Wagering Requirements – The sum-total you have to wager before you can withdraw.
  3. House-Edge – The house-edge of the game you are going to play.

You then place these variables in the following equation:

EV = Bonus Value (?) – Wagering Requirements (?) x House-Edge (%)

If a bonus is likely to yield profit, it will have a positive EV; negative EV means it is unlikely to yield a profit.

Let’s put the equation into practice to illustrate how it works:

Imagine you claim a bonus with the following variables:

    Bonus Value – ?20
    Wagering Requirements – (10 x ?20) ?200
    House-Edge – 4%

You can then go on to place these variables into the equation.

EV (-60) = Bonus Value (?20) – Wagering Requirements (?200) x House-Edge (4%)

As you can see, this hypothetical bonus yields an EV of -60. As the EV is a negative number, the bonus would be unlikely to yield a profit.

#4. Use Your Bonus Immediately

This rule is less technical than the others.

No deposit bonuses come with an expiry date. These can be relatively short, with most bonuses expiring between 2-7 days.

It is vital you wager the entirety of your bonus immediately. Otherwise, you will not fulfill the wagering requirements in time.

#5. Claim Multiple Free Casino Bonuses

A clever way to improve your chances at winning real money with a free casino bonus is by claiming multiple casino bonuses.

If you fail with one, claim another.

Eventually you will succeed.

Please remember however to only claim one bonus per casino, and to only claim one at a time.

Trying to wager two free bonuses simultaneously makes it more likely one will expire without being given the requisite time and attention.

Bonus Tip – Utilize Our Exclusive Bonuses

As you have probably surmised, the terms and conditions have a rather large impact on your chances of winning real money for free.

This is where we can help.

Casinos want to appear on our list. Occasionally, they want to appear on our list so bad we can negotiate with them for exclusive bonuses.

These exclusive bonuses come with unbeatable T&Cs, a massive intrinsic value, and eligibility on the most advantageous slot games!

Conclusion

As we have already stated, the key to making profit with a casino bonus has everything to do with your approach. 

A meticulous approach is more likely to generate a profit. And while winning will always be a challenge, the fact that you can claim numerous no deposit bonuses means that you are likely to win eventually. 

FAQ

Yes, you can! To win real money with a free casino bonus, all you have to do is fulfill the terms and conditions.

The best game to play with a free casino bonus is a slot game with a high RTP and a low volatility. For more information, please read our step #2. Play The Right Game.

As many as you like! While you can only claim one welcome bonus per casino, you can claim as many bonuses as you like providing they are offered by different online casinos.

You can discover 100’s of free bonuses at top-rated online casinos by visiting our No Deposit Bonuses page.

It depends. The only real difference between free spins and bonus credits is that free spins are only eligible on slot games. First and foremost, we recommend you claim the bonus that is eligible on games you want to play.

No, not all, but certainly most. No deposit bonuses are a tried-and-tested marketing strategy that boosts a casino’s player-base.

No, not always. Nowadays, most no deposit bonuses are credited automatically after you create a new account. You may even be required to select the bonus you want to claim via a tickbox or a drop down menu.

If your bonus does require a bonus code, it will be featured in our list alongside its corresponding bonus. For more information, please visit our No Deposit Bonuses page.

Yes, all of the best online casinos are mobile-friendly. You can sign up, claim a bonus, and withdraw your winnings using your mobile device.

Published on: 2023/01/31

Mervyn Davids

Chief-in-Editor

Mervyn Davids is the NoDepositDaily.org editor. In his time at the website, he strives for balance and transparency. Davids is focused on providing readers with the most accurate rankings of safe and secure online casinos in the world. He is considered a voice of authority in the field and welcomes your feedback on the NoDepositDaily.org website.