Survey data suggests securing one victory might require you to claim at least six no deposit bonuses.
CasinobonusCA conducted an in-depth survey about the strategies of claiming and utilizing no deposit bonus in Canada. We're here to break down those findings for you.
Discover well-compiled information about how often people claim these bonuses, their success rates, and the probability of turning a no deposit bonus into winnings.
- Assessing your chances of bagging a win using a no deposit bonus
- Insights into no deposit bonus usage statistics
- Why did we opt to include all levels in our analysis?
- The tally of no deposit bonus codes claimed
- Winning percentages among those surveyed
- Data on no deposit bonus cashout
- A closer look at the state of no deposit bonuses
- Methodology
Assessing your chances of bagging a win using a no deposit bonus
How the calculator works
All displayed data serves informational purposes. Our conclusions are drawn from more than 390 responses contributed by Canadian gamblers.
Our survey delved into outcomes linked to claiming and utilizing these promotions. Using valid data, we determined reliable winning probabilities. Your odds hinge on how many no-payment bonuses you claim.
Calculating your odds involves juxtaposing the claiming rates with winning and conversion statistics.
Insights into no deposit bonus usage statistics
Check out the data and statistics on how Canadian gamblers have used no deposit bonuses over the past year.
Claiming rate
Explanation of data
The claim rates shown are an average derived from percentage answers as per certain strict checks.
Our process involves three verification stages. Level 0 displays unaltered survey answers. Level 1 verifies the primary question against the next to remove impossible responses. Level 2 adds an addiction check for the third query. Level 3 evaluates all four questions to weed out any inconsistent response series.
Variation in survey answers
| Verification levels | Total answers | Have claimed |
|---|---|---|
Level 0 (no checks) |
392 |
320 |
Level 1 (lax rules) |
338 |
291 |
Level 2 (tight rules) |
313 |
231 |
Level 3 (all questions included) |
265 |
231 |
Average |
327 |
289.667 |
Difference in rates based on level
Why did we opt to include all levels in our analysis?
Despite not all responses aligning internally, they still hold significance. Assessing where a mistake happened or understanding participant intentions is beyond our control. This necessitates averaging results from all verifications to best portray actual promotional usage statistics.
Calculating your earning potential from no deposit bonuses
With an unchecked total of 193 participants reporting wins via no deposit bonuses, your chances of victory stand at 61%.
Claim-to-win ratio
| Verification levels | Claim-to-win ratios |
|---|---|
No verification |
0.82 |
Lax verification |
0.86 |
Tight verification |
0.74 |
Average |
0.80 |
Winning odds from no deposit bonuses with verified information
Post-validation and error corrections, winning odds from any no payment promotion dip below 30% at every level.
The verified odds for winning from at least one no payment promotion stand at 26.61(3)%. Although these odds may appear lower than self-reported figures, considering the free nature of these bonuses, any win, albeit small, is commendable.
The crux is the feasibility of converting those wins from no payment bonuses into actual cash.
Free spins are most common
Free spins Slots credits account for about 95% of all no deposit bonuses. The statistics concerning non-payment casino promotions mainly pertain to slot free spins, with a 5% error margin.
Data on cashouts from no deposit bonus codes
Typically, over 50% of respondents, who secured wins through one or more no deposit bonuses, managed to withdraw some winnings.
Verified answers depict that while there's a reduction in winner figures post-validation, the winning versus cashing out numbers largely remain stable.
Ratio between won and cashed-out no deposit bonuses
| Verification level | Win-cashout ratio | Claim-cashout ratio |
|---|---|---|
No verification |
0.87 |
0.52 |
Lax verification |
0.62 |
0.15 |
Tight verification |
0.66 |
0.19 |
Average |
0.64 |
0.17 |
What are your possible profits from a no deposit bonus?
Having already secured a win or converted funds from one or more no deposit bonuses, your withdrawal odds exceed 60%.
Yet, merely claiming no payment-based casino promotions shrinks your success probability to below 20% when focusing on verified responses.
The tally of no deposit bonus codes claimed
Our research indicates most players claimed between one and five no deposit bonuses over the year, marking them as minimal claimants.
A noteworthy insight reveals a full quarter of respondents admitted to having claimed over 20 no payment bonus codes.
Claiming rate per echelon
| Number of claimed bonuses per year | Rate of claimed bonuses per month | Rate of claiming one bonus |
|---|---|---|
1-5 |
0.08(3) – 0.41(6) |
Less than 1 in two months |
6-10 |
0.5 – 0.8(3) |
Less than 1 in one month |
11-20 |
0.91(6) – 1.(6) |
Over 1 per month |
20+ |
>1.(6) |
Over 1 per month |
Breakdown of claimants visualized
A significant proportion (well over a third) chose to claim between one and five no deposit bonuses, while another quarter claimed more than 20, hinting at possible reckless behavior.
However, more than half of the respondents engaged with fewer than ten no payment casino promotions over twelve months, equating to fewer than one claim monthly.
Average no deposit bonus value
CasinobonusCA maintains a vast catalog comprising over 1,200 casino bonuses . Evaluating this extensive data sets the average no payment bonus value at about $5.
Thus, nearly 38.92% of participants played with promo values ranging from $5 to $25. Over 18% engaged with bonuses valued between $30 and $50, while 17.41% leveraged promotional credits ranging from $55 to $100.
The remaining high rollers indulged in casino promotions with an average value exceeding $100.
Our speculation on the average usage value across player groups stems from our own assessments of typical sign-up offers. Given that our survey solely covered promotional uses, we cannot accurately determine whether respondents claiming more offers targeted lower-value ones.
Winning percentages among those surveyed
A surplus of 60% claimed to have gained a positive balance using one to five free bonuses.
Once factoring in all verifications, the segment winning from only one to five promotions hits 66.2%.
About 17.5% (within a 0.9% error range) of players confirmed winnings via six to ten no payment bonuses.
Winning from more than ten bonuses spiked for 16.2% to 21.8% of winners, with just under 10% cashing in from over 20 promotions.
We're analyzing respondents asserting at least one win last year through no payment-required casino promotions. The majority didn't secure victories.
Average rollover required to win
We consulted our database of Canadian online casinos Find that the standard wagering requirement roughly amounted to 25.2 times the initial sum.
While not a formal industry norm, the 25.2x wagering demand emerged after examining 7,000 reports from deposit-making players.
Expected rollover to profit $1 from every bonus
Each no deposit bonus yielding a positive balance demands a 25.2x wagering requirement. Profiting a dollar per bonus implies a player rolled their winnings 25.2 times over.
Thus, generating a dollar from such promotions necessitates a $25.2 wagering spree.
Group-specific total rollover assessments
| Response groups | Average individual rollover | Resulting profit |
|---|---|---|
1-5 |
$25.2 – $126 |
$1 – $5 |
6-10 |
$151.2 – $252 |
$6 – $11 |
11-20 |
$277 – $504 |
$11 – $20 |
20+ |
$504+ |
$20+ |
Projected rollover to profit $5 from each bonus availed
Players need to roll $25.2 to convert $1 from a no deposit bonus. Hence, unlocking $5 requires multiplying that by five.
Group-specific total rollover assessments
| Response groups | Average individual rollover | Resulting profit |
|---|---|---|
1-5 |
$126 – $630 |
$5 – $25 |
6-10 |
$756 – $1,260 |
$30 – $50 |
11-20 |
$1,385 – $2,520 |
$55 – $100 |
20+ |
$2,520+ |
$100+ |
Rollover increase in perspective
As the quantity of no deposit bonuses grows, the wagering naturally climbs. Given the 25.2x average ratio, the equation stands at 25.2:1 for profit derived.
Put plainly, you'll allocate 25.2 times the funds you aim to gain. Depending on unique on-site policies, wagers may hinge on either bonus funds or real currency.
Nevertheless, ultimate profitability hinges on several aspects, notably the conversion limit.
Estimated limit on winnings
Our records pinpoint the $50 average as the highest payout from no payment bonus codes.
This caps maximum earnings from these promotions at $50, regardless of amassed winnings and cumulative wagering.
For instance, accumulating $100 in winnings allows you to wager the balance, yet only $50 remains eligible for withdrawal. This potentially blocks cashout avenues due to incomplete rollovers.
Maximum no deposit bonus winnings
| Response groups | Average maximum conversion | Average wagering needed for max conversion payouts |
|---|---|---|
1-5 |
$50-$250 |
$1,260-$6,300 |
6-10 |
$300-$500 |
$7,560-$12,600 |
11-20 |
$550-$1,000 |
$13,860-$25,200 |
20+ |
>$1,000 |
>$25,200 |
Data on no deposit bonus cashout
Upwards of 60% who won via no deposit bonuses couldn't handle a successful cashout.
Conversely, over 25% managed a payout from one to five no payment bonuses, with the rest—13.8%—succeeding in converting money from more than five promotions.
Cashout figures across all checks resemble each other.
Using validated answers, we compiled the first graph, only incorporating valid entries. While cashout response variations exist, the non-cashout participant percentage remains unchanged.
Estimated minimum cashout amounts
We calculated that the average minimum cashout in Canada hovers around $20, some casinos even allowing lower limits.
Let's delve into two potential scenarios: firstly, where each sign-up bonus is individually processed—claimed, converted, and cashed out; and secondly, where multiple offers are converted and cashed out together, once the earnings accumulate significantly.
Scenario 1: Bonuses handled and cashed out separately
Both the smallest and largest cashout thresholds for standalone bonus codes that require no payment grow steadily in proportion to the number of offers claimed.
While the temptation to claim every available bonus might seem irresistible, we advise our readers to remember that every converted amount is bound by wagering requirements.
Minimum and maximum thresholds along with the anticipated rollover
Case 2: Bonuses cashed out together
We regard $20 as the average minimum cashout level and $5 as the standard value after conversion.
We'll evaluate the quantity of no-deposit bonuses needed for a single cashout and analyze how many withdrawals participants complete across varied respondent groups.
Withdrawals categorized by the number of promotions claimed
| Answer groups | Estimated conversion value | Number of possible withdrawals |
|---|---|---|
1-5 offers |
$5-$25 |
0 to 1 |
6-10 offers |
$30-$50 |
1 to 2 |
11-20 offers |
$55-$100 |
2 to 5 |
20+ offers |
>$100 |
Over 5 |
Estimated sums withdrawn by all respondents
The majority of operator funds were directed to a select 5.8% of respondents who managed to cash out over 20 promotions. The next significant portion was utilized by those claiming between 1 to 5 bonuses.
Average cashout amount per user
An average player who benefited from more than 20 zero-deposit bonus codes amassed nearly five times the revenue compared to the lowest bracket.
A closer look at the state of no deposit bonuses
- Zero-deposit bonus codes remain highly sought after, with 87.9% of those surveyed having claimed at least one offer within the past year.
- Even when ensuring everything is error-free, the likelihood of winning with at least one zero-pay bonus stays below 30%. The win-to-claim proportion stands around 0.8.
- The conversion-to-cashout ratio for complimentary casino offers hovers around 0.17.
- More than a quarter of respondents claimed multiple bonuses each month. On the flip side, about 38.9% engaged in claiming bonuses less than once every two months.
- Most have experienced victories from 1 to 5 no-deposit casino offers (making up over 66%).
- A significant 58.5% of respondents never succeeded in cashing out any winnings. Meanwhile, 27.7% achieved cashouts from 1 to 5 complimentary casino codes.
- Over a quarter of gamblers opted for 1 to 2 withdrawals to secure their online casino bonus victories.
- A majority of operator funds, amounting to $9,900,000, was funneled to the 5.8% of gamblers who cashed out from more than 20 bonuses.
- The second major share, $7,095,000, was allocated among 27.7% of victorious gamblers.
- Frequent beneficiaries of no-cost casino offerings, those who turned their promo funds into real cash, are estimated to have earned over $500.
- Instances of substantial winnings are scarce, primarily because of restrictions like the general 25.2x wagering requirement and a $50 conversion cap.
- Despite their broad appeal, the vast majority of players do not end up winning, converting, or cashing out from any no-fee bonus.
Methodology
All insights presented in our analysis of payment-free promo codes in Canada are sourced from our dedicated gambler survey.
The report is based on data from 392 personal self-reports from Canadian respondents. The information was collected by CasinobonusCA and thoroughly assessed for accuracy. You are welcome to review the data alongside its dependability.
Our study's goal is not to entice any of our Canadian readers to join casino bonuses but to offer insights into player perceptions surrounding free casino offers, along with the outcomes.
Acknowledging that clarity and information are crucial for a more informed market, CasinobonusCA shares all data at its disposal, following comprehensive analysis processes.