Trouble with gambling math? Here's the latest odds calculator
Based on a survey made with the help of 390 participants from Canada, this CasinoBonusCA fact-finding investigation reveals instructions and possibilities for cashing in after using a certain number of no deposit bonuses.
CasinoBonusCA represents an independent reviewer that keeps track of Canada-based online casinos and providers.
From the start, this research shows how popular bonuses are among the gamblers surveyed.
87.9% of the total participants used a no deposit bonus at least once in the past year. This can be coupled with the fact that most respondents have reported winnings from 1 to 5 no deposit promotions.
Although larger winnings are rare, CasinoBonusCA discovered that frequent users of free casino offers, who also managed to convert promotional funds, are estimated to have made over 500$. Moreover, regarding huge prizes, an estimated $9.900.000 went to some 5.8% of gamblers who cashed out earnings from 20 bonuses or more.
This can lead us to conclude that frequent users of free casino offers may only gather small sums. Still, if you decide to use multiple bonuses all the time, your chances of winning are proportionally increasing.
Where the win-to-claim ratio has been established at 0.8, the claim-to-cash-out ratio, when considering no deposit casino bonuses, is around 0.17. Although you might get to bag some money after using bonuses, the likelihood of you cashing out from the no deposit offers is slim.
The reason for it might be bonus-erasing conditions put in place by casinos. Certain conditions like a high sum wagering requirement are something to be avoided in general.
Additionally, more than 25% of respondents claimed more than one bonus per month. At the same time, 38.9% of participants claimed less than one bonus per two months. This shows us that although gamblers know about no deposit casino bonuses, they either forget to or choose not to use these offers.
The survey has much more information to explore and many graphics to help you get a better picture of the data analysis. The odds calculator itself is easy to use and responsive, so you can bookmark the page and keep it only for claiming bonuses.