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There's no such thing as a free lunch says the old saying, but actually in the world of online casinos there is such a thing as free lunch - albeit it one with a limited menu! No deposit casino bonuses are a way of trying out a new casino or gambling site risk free with the casinos money, and it is now a common practice for casinos to issue free chips to new players to encourage them to try out the site. It is even possible to cash out your winnings off no deposit bonuses but there are terms and conditions which need to be adhered to whenever you are playing with free bonuses.

The first thing to remember with no deposit bonuses are there is usually a limit to the amount of money you can cash out, so if you are planning to win big then it is always better to risk a small amount of your own money - that way you can keep all your winnings. If you do decide to play on a free chip and then hit a progressive jackpot or a random jackpot, then there you will only be eligible to receive a small amount of your winnings. This is why most free chip bonuses exclude play on progressive jackpot games. Random jackpot games however are usually not excluded from play, and several players have hit big random jackpots (jackpots which can be won on any spin) and been unable to receive all their winnings because they were playing on a free chip. With most casinos now offering generous signup bonuses which do not exclude progressive and random jackpot play consider whether these would be a better option.

No deposit bonuses will always have terms and conditions which you need to adhere to when playing with the free money. Some bonuses are redeemed manually by entering a coupon code in the casino cashier or clicking to redeem a coupon. You will usually be asked to read and accept the terms and conditions before accepting the bonus. Some no deposit bonuses are added automatically when you open a casino account, either instantly or within a few hours.

The terms and conditions for these bonuses can usually be found somewhere on the casino site. If you are unsure or cannot find them then contact live chat before you start to play. You can also request a no deposit bonus to be removed from your account before you start to play if you do not wish to agree to the terms and conditions.

Casino bonus terms and conditions usually consist of three elements - playthru requirements and excluded games. The playthru requirements are how many times the bonus needs to be wagered before a cashout can be requested, this is usually between 20 x and 200 x for a no deposit bonus. Maximum withdrawal amounts apply on most free chip bonuses - otherwise a casino would very quickly go out of business - the maximum withdrawal allowed is sometimes as little as 1 x the bonus although a few casinos impose no maximum, but hefty playthru requirements. Lastly, many games are excluded from free chip play - progressive jackpots are usually excluded as discussed earlier, but blackjack and roulette are commonly excluded too, and occasionally video poker. Often no deposit bonuses are issued just for slots and keno play.

No deposit bonuses are good for trying out a new casino, but always be mindful of the terms and conditions. If you don't want to lose out on any potential winnings then make a small deposit instead.

With all of the different types of online casinos on the Internet it can be difficult to choose the right one that you want to play with. However, if you look at the different online casino bonus options that they offer, this might help to guide your path. Let's take a look at some of the main casino bonuses you can get.

The first one to look that would be the bonus that has offered to anyone joining, commonly referred to as the new player bonus or welcome bonus. This is a very popular bonus and it's of the refers to a certain amount of money that is paid to you when you first join up with a new online casino account. It is important that you check out any of the terms and conditions relating to how this bonus will be paid to you, but in most cases you will find that it will be each and every month in increments.

You also get the percentage bonus. This type of bonus simply refers to a certain percentage of your initial deposit that is also added to your account when you first join up. Commonly it will be between 50% and 100% and if you deposit enough money and meet the right stipulations then you can simply double your money when you first join.

If you are not willing to actually invest any money into an online casino and are a new to the whole experience then you can also qualify for a no deposit bonus. These are usually roughly $10 and will allow anyone to play online without having to go through any sort of financial risk whatsoever.

It is also possible to find a preferred deposit bonus. Many casinos will prefer anyone to make a deposit through a specific means and therefore they will provide you with a bonus for doing so. This is usually between 15% and 5% of the deposit that you make and therefore you can easily get more money onto your account quickly.

The lofty bonus is one that is only available to those who are regulars online and have shown loyalty to specific online casinos. If you have reached a certain level of status then you may well qualify for this type of bonus.

Last of all, you might even qualify for a high roller bonus. Again, these are only available to those who play on a regular basis on a certain online casino and if you continue to play with big money and make large deposits you might be able to get a large bonus alongside it.