No Deposit vs. Low Deposit Bonuses - What's the Difference?
As a new casino player, redeeming a low deposit bonus with no prior experience can result in a serious loss of funds. It is important to redeem a no-deposit bonus as a first step into your gambling journey and to know why, we’re here to give you a bit of our knowledge, which we accumulated over our 8 years in the gambling market.
- The Key Difference: Play Without Pay
- What’s the Deal With No Deposit Bonuses?
- Low Deposit Bonuses: Analysis
- No Deposit and Low Deposit Bonuses: Key Terms and Conditions
- What Types of No Deposit Bonuses Are There?
- Top Low Deposit Casino Bonuses You Should Look Into
- CasinoAlpha’s Online Casino Game Suggestion: Mega Moolah
- How Are No Deposit and Low Deposit Bonuses Similar?
- Closing Thoughts: Which Should You Choose?
The Key Difference: Play Without Pay
The main difference, as you may be able to tell, is that no deposit bonuses do not require any transactions in order for players to possess some sort of bonus, be it free spins or no deposit money. These top bonuses are usually granted on registration, with or without a KYC requirement, and, most of the time consist of batches of 20 to 30 free spins.
So, in short, you get to play the best online pokies without paying.
What’s the Deal With No Deposit Bonuses?
No deposit bonuses are a type of casino promotion which can be unlocked upon registration, with or without some sort of account verification (KYC, phone verification or even card verification). Most casinos have no deposit offers, Bluechip Casino and Vasy Casino have such promotions.
A slight difference between no-deposit and low-deposit bonuses is that the latter comes with deposit match-up bonuses, free spins on deposit, and even cashback. It’s very rare for a casino to offer a no-deposit bonus consisting of cashback or match-up bonuses.
Low Deposit Bonuses: Analysis
As opposed to no-deposit bonuses, low-deposit offers require a minimum deposit for players to be granted any type of bonus. You may be asking yourself, what is considered a low deposit amount? Any sum below 10 dollars is considered a low-deposit casino offer.
No Deposit and Low Deposit Bonuses: Key Terms and Conditions
|Term||No Deposit Bonus||Low Deposit Bonus|
|Deposit Required||None||Small deposit required, usually $10 – $20|
|Bonus Amount||Small, $5 – $20 usually||Larger, around 100% – 200% match up to $100 – $500|
|Wagering Requirements||Very high, usually 40x – 70x||High, around 30x – 50x|
|Games Allowed||Usually just slots||More games allowed including slots, video poker, roulette etc|
|Max Cashout||Very low, around $100||Higher, $500 – $2,000|
|Time Limit||Short, 24 – 48 hours usually||Longer, 1 week – 1 month|
|Eligible Games||New players only||New players and sometimes existing players|
|Withdrawal Rules||Bonus only, no withdrawals until wagering met||Can withdraw winnings from deposit, bonus require wagering|
As a player at an online casino, it is your duty to look for and fully understand the terms and conditions of a particular bonus. That way you avoid any necessary confusion and rule out potential bonus abuse.
What Types of No Deposit Bonuses Are There?
Since we’ve got the definition of a no-deposit bonus, we shall move on to the types of bonuses which don’t require a deposit, as well as exemplify our best casino choices and bonus offers.
Free Spins No Deposit Bonuses
Free spins with no deposit requirements are the most common type of bonuses on the market, especially appreciated by new players just joining. These usually come in batches of 20 spins or 30 free spins, though some casinos went beyond, giving out bonuses with 50 free spins.
No Deposit Money
Real money with no deposit bonuses are quite special, and rare at that. These are bonuses granted as bonus cash, available on a limited amount of games, or with no game limitations whatsoever. If you’re lucky to find a no-deposit money bonus with no wagering requirements, then that is a good combo, especially for new casino gamblers. Casinos such as Spin Casino and JackpotCity Casinos are great for new and seasoned players alike, with $20 no-deposit money being quite a frequent bonus.
Top Low Deposit Casino Bonuses You Should Look Into
Say you do have the funds and want to redeem your first low-deposit bonus. Starting low is a good strategy if it’s your first time playing at a new online casino, so make sure to redeem a no-deposit bonus before making a deposit.
$1 and $5 Deposit Bonuses
As mentioned previously, any deposit requirement below $10 is considered low. Therefore, we can call 1-dollar and 5-dollar bonuses as having a very low deposit attached. You may check out casinos such as CasiGO Casino, Captain Spins or Loot Casino for plenty of examples of bonuses with a minimum deposit prerequisite.
Low deposit bonuses unlock all sorts of bonuses, including welcome packages and bonuses. Upon making a first deposit, you may have the option between match-up bonuses of 200%, 300% or even 400%, alongside a hefty batch of free spins, depending on the type of welcome bonus you picked. Unlike no deposit bonuses, you may use the bonus you get on live casino games, if that’s the type of gaming experience you’re looking for.
CasinoAlpha’s Online Casino Game Suggestion: Mega Moolah
Mega Moolah is our pick for the best game to play with no deposit bonuses as well as low deposit bonuses, for many reasons. First off, this casino game is a progressive slot, and using free spins or deposit bonuses on it increases your chances of seeing a profit.
One crucial reason why we recommend Mega Moolah is the existence of plenty of casinos which have designated bonuses for it. If you were meaning to play this game, but didn’t know what casinos offer such promotions, fret not. An easy way of finding Mega Moolah free spins bonuses is checking out the Casino Rewards network since most casinos offer special bonuses. We would like to mention the following casinos:
How Are No Deposit and Low Deposit Bonuses Similar?
We’ve observed how these bonuses are different: one requires players to deposit bonus money or free spins, and the other grants bonuses without any requirements. But how are they similar? Well, both of them target new players, who don’t have much experience in the field. No-deposit bonus offers are crucial when starting out since you don’t have to worry about spending money on a game or casino you don’t know much about.
In the same manner, low wagering bonuses, though they do require you to make a payment, should not be an issue for newcomers. More often than not, minimum deposit bonuses are of a higher value, which balances out the initial deposit amount. What’s more, you’re likely to win that minimum deposit back once you play casino games with that offer.
Closing Thoughts: Which Should You Choose?
Here at CasinoAlpha we always recommend no deposit bonuses, since it rids you of additional worry regarding spending any pocket money. Moreover, we encourage this practice as it gives players a feel of a particular casino with no strings attached. Low deposit bonuses are still a good alternative, should you feel confident enough to start depositing.