Understanding No Deposit Bonuses

This guide will help you to understand everything you need to know about no deposit bonuses on OddsChecker.
Published: April 29, 2021 - Estimated Read Time: 3 minutes

How Do No Deposit Bonuses Work?

For sports betting veterans or newcomers to the scene, no deposit bonuses are generous offers that are certainly enjoyed. Some players are unfamiliar with these no deposit bonus codes and don't understand the terms and conditions that are associated with them. This guide will help you to understand everything you need to know about no deposit bonuses and our website has tons of reviews on the best sportsbook platforms and their associated free no deposit bonus codes.


What is a No Deposit Bonus in Sports Betting?

A no deposit bonus can mean different things depending on whether you are joining an online gaming platform or an online sportsbook. For sportsbooks, these no deposit bonuses are usually free bets you can use or a certain dollar amount that is given to your account freely.

These bonuses are normally very helpful and appreciated by new patrons. They allow you to get started with sports betting, test out the platform, or test out a certain strategy you have developed, without risking your own funds.

No deposit bonuses have several different types, but one of the most common in the free bet. Here you will be granted a small wager for $5 or $10 that you can bet on a sports game in a variety of ways like moneyline, over/under, or a big parlay wager. This is great for players as they get to enjoy a risk-free wager as they are essentially playing with house funds. Always check here to make sure you are using the biggest no deposit bonuses available for your chosen sportsbook.


The Types of No Deposit Bonuses

If you are new to the world of sports betting and haven't signed up for a platform yet, it is important to understand the different bonuses and welcome offers that are available to you. It may seem daunting at first, but you will quickly understand these bonuses. Here are some of the most common no deposit bonuses you will encounter.

Free Bets

Free bets are the most straightforward type of bonus to understand for those that are new to sports betting. Oftentimes, sportsbooks and other betting platforms may grant you free bets to use. Normally these are small amounts that are limited to certain types of wagers like a $5 wager on a football game, or if they have a casino section, they may offer RTG no deposit bonuses like free dice rolls or hands of poker.

There are also regular contests or weekly promos for regular patrons that will grant you free bets to use without having to deposit any additional funds. One thing to note is that there may be restrictions on these free bets, like a limited potential payout.

Free Cash Bonus

Of all the different types of welcome offers and no deposit bonuses available, the free cash bonuses are the most generous and enticing. To help stay competitive in the marketplace and draw new users, sportsbooks may offer large cash bonuses that are added directly to your account.

Sportsbooks like DraftKings and FanDuel have a reputation for especially large cash bonuses. In the past, they have offered from $500 - $1000 free just for signing up. One important thing to note is you often have to fully wager the entirety of the bonus once to make it eligible for withdrawal.

New Player Bonus

New player bonuses are for new patrons to a platform. You can only receive these no deposit bonuses once. These bonuses can be for a wide range of different things, from free cash or free bets, to RTG no deposit bonuses like free spins at a digital slot machine or hands of blackjack. Sometimes, these new player bonuses are tied into a referral system that benefits you and your friend, so always make sure to read up on the last offers here before you sign up for any new sportsbook.


How do These Bonuses Work?

The process to claim these bonuses is simple, straightforward, and easy to understand for veterans and new patrons alike. Our platform helps you by supplying tons of reviews and free no deposit bonus codes in our free bets section. You can read through these reviews and select the best offer for yourself. Here are the basic steps to get started and claim your first no deposit bonus.

1. Select a No Deposit Bonus Offer

First, you will want to select a no deposit bonus offer from our list of no deposit bonus codes. We review a wide range of sportsbooks so you can find the ideal location to place your wagers and a bonus that is best for you.

2. Create Your Account:

Of course, you will need to create an account to receive the no deposit bonus. Depending on the sportsbook, this may require a code or it may be automatically applied after you create the account. Make sure you have read the details of the offer in our sportsbook review section, and select from the biggest no deposit bonuses available.

3. Use Your Free Bonuses:

As mentioned in other sections, you will likely need to fully use the no deposit bonus in various wagers before it is eligible to be withdrawn. The terms will depend on the platform, but usually if your wager is a winner and you have played with your full balance, you will be able to withdraw this free bonus amount afterwards.

4. Withdraw, Deposit or Whatever You Choose:

From here, you will be free to use your bonus funds as you choose. Most players will keep this additional amount in their account as extra funds that help boost their bankroll but this is up to you.


Wagering Requirements

No deposit bonuses are very easy to receive and use. Every sportsbook or gaming platform will have their own specialized offer, and you can certainly test out many different websites if you choose. However, it is important to keep in mind that they may all have their own associated terms and conditions to meet. Here are some of the most common you may encounter.

  • Registration: Of course it goes without saying that you will have to join the sportsbook to receive the no deposit bonus. Keep in mind that they will require all of your information like name, address, and so on.
  • Use the Funds: You may have to fully use the free bets or cash bonuses once before they are eligible to be withdrawn.
  • Only use the Appropriate Betting Types: Oftentimes, the bonuses are limited to certain types of bets or wagers. Other bets are not allowed.

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