"Get $ 300 free - no deposit required", the ad from online casino site says. Many internet casinos offer this type of bonus called No deposit casino bonus to new players. The condition is that you have to be a first time member on their site.

™

The promise of free cash never fails to get people's interest. But are they really free money? Can a player really leave the casino with a wad load of cash using this kind of gambling bonus? Let's have a deeper look at the truth about the free bonus promotions at online casinos.

The myths:

Do not think for a moment that online gambling sites would give away free money unless it benefits them. After all they are businesses. Their main purpose is profits. So why would they offer these promotions?

Firstly, they know that many people would join their site as a result of it. And a good percentage of them would stay on to become depositing players who will contribute to their income.

Secondly, and most importantly, the free money they promise have certain rules. This rules makes it very hard, if not impossible, for any player to win from the promotion. So simply put, this kind of free bonuses might be nothing more than a 'promise of free cash'.

The Reality:

This no deposit needed bonus offered by online casino sites have rules, certain requirements. It concerns the cash-out of winnings. Of course, the free balance given in the account will let you play their games for free. But when a player wins from the bonus comes this rule. The rule is called Wagering or Cash out requirement(CR).

With this rule, withdrawing winnings is permitted only after the free amount is turned-over a number of times. It is usually given something like '20xB' that means 20 times bonus. Let's take an example of a bonus of $25 with a CR of 20xB. A player has to make minimum total bet of 20 times the bonus, i.e. 25x20 = $500. Only if the player managed to still have available balance after betting $500 can cash out be done. Needless to say that this rule makes the chance of winnings very little. Wagering requirement differ from casino to casino. It can be anything from 10xB to 100xB.

The chance of winnings in casinos depends on what is called Payout percentages(PP). This is the amount of money that will be given out in the particular games as opposed to how much money is put in. It is given as a percentage out of 100. This is decided by the computer that controls the game and is set for a complete round or cycle. The cycle could be say like when $10,000 bet is completed or something like that. No one knows this but the computer. This percentage is always below 100(eg. 95%). The remaining percentage becomes the 'House Edge'. That is the profit of the casinos.

Different games have different payout percentages. Online slots are usually around 95%, table games like poker, craps or blackjack can be higher at around 98%. It differs from casino to casino.

The reason we explain the payout percentage is because there are restrictions in the particular type of game that can be played using no deposit bonuses. Many online casinos will not allow the play of table games with this bonus because the PP is high i.e. the chance of winning is more. The ones that do allow will set the CR i.e. requirements higher. For eg. CR for slots 20xB, CR for Blackjack 50xB.

Last Word:

In conclusion, the reality is that online casinos offer no deposit required bonus for real. But the truth is that to win anything from it is not easy, if not impossible. The requirements or rules relating to cash-out of the winnings from this bonus is strict.

Therefore, these type of casino bonus is recommended mostly for people who just love to play the games. Another reason would be for practice or to familiarize the casino games before starting to bet for real. Although it has to be said that there is a chance, very little but there, that a player might even win big amount from this type of promotion Celtabet for free.

What is 'Casino Whoring'?

A cheesy yet not so inappropriate term, Casino Whoring, is used to refer to a 'technique' of usurping free bonus offered by online casinos. The theory is that using a 'scientific' - some arithmetic and probability calculations, it is possible to identify a casino bonus that will provide an assured profit of a certain approximate amount.

Using this theory, the practitioners will play an online casino offering a promising bonus, get a profit of an amount approximate to the calculated value, and then move on to another casino offering the same kind of promise without incurring any loss in the process. They will play one casino till they are satisfied that possible profit had been squeeze out, then hop onto another casino repeating the process there and then another one and so on. Hence the term.

The Casino Bonuses:

Although there are many kinds of casino bonuses, the target for Casino Whoring activity is mainly the Deposit Bonuses - First Deposit, second deposit etc. for new players. This type of bonus is given to first time members for joining the sites. It usually comes in the form of a certain percentage of the amount of the deposits up to a certain limit. Eg. 200% of first deposit up to $200.

Deposit Bonuses comes with a requirement called Wagering Requirements (WR). This requirement restricts withdrawal of the winnings from the bonus till a certain times of the bonus amount is wagered or played through. For example: WR of 20xB means that a gross total bet of at least 20 times the bonus amount must be wagered. In this example if the bonus given is $200, then the WR will be $4,000.

The technique of Casino Whoring:

The most important factor in assessing the winning probability of a casino game is the 'payout percentages'. These are the odds that the machines(gambling software in case of online casinos) give out in a complete play cycle. Say the payout percentage for slots is 96.5%, that means that for that particular game, a total of 96.5% of all bets will be re-won, while the casino will keep 3.5% in a cycle. Payout percentages differ according to the online casino, the gaming software used, and also the particular kind of game.

The odds of winning in online casinos are greatly affected by the choice of games. Generally, payout percentage of table games like blackjack, roulette, poker etc. are better than slots. Therefore the first thing that a Casino Whoring pundit will look for is whether the better odds games are permitted by the terms for the bonus. Although many small and medium size online casinos do not permit bonus play on games other than slots, some of the bigger ones do.

The magic scientific formula:

The Casino offers a 200% bonus of first deposit upto a maximum of %200. WR is 20xB. Blackjack play is permitted which has a payout percentage(PP) of 97%. Make a deposit of $100 for maximum bonus.

The calculation:

Amount spent: $100

Amount received in account available for play: $100 + $200 = $300.

Total bet required (WR)= 200 x 20 = $4000

House Edge: 100% - 97%PP = 3%.

Expected Loss: 3% of $4000 = $120.

Cash Balance after fulfilling WR: 300 - 120 = $180.

Net Profit: 180 - 100 = $80.

Is Casino Whoring foolproof?

The calculations are based on accurate Payout Percentage and complete payout cycle. This in practice will not always be the case. In case of payout percentage, looking at data from independent online gaming regulations such as eCogra etc. it not only differs on different casinos and games, but also varies over a period of time. For a payout cycle to complete, it depends on the number of players playing the particular game over the same period. In short there are a number of factors that can influence the odds one way or another. Therefore the technique cannot be considered foolproof.

Yet that said, the risk of losing money is greatly minimized. A careful player can always withdraw, if permitted, before losing too much of the deposited money. And for a lucky player combined with a thorough calculation of odds, the prospect of making profit using casino whoring is great, at the least in theory. And there are people who do claim they got profits using this technique.