How does no deposit bonus work at online casinos?

Taxes in NZ

Usually, after the successful winnings you will be presented with funny music and flashing lights. However, we need to know whether the gamblers should pay taxes or not. Take into account that the taxation process depends on the particular country. For example, in the US, if the winnings are more than 1200$ you have to make a report. Moreover, you have to prove the identification information of your age and passport. So, in the US you have to pay tax up to 25% depending on the certain game. However, in Canada or New Zealand, there are taxes free. In fact, New Zealander have to pay income tax, but it’s very unusual for winnings to be taxed.

Conclusion

The declarations of your winnings are required in few countries, including the US. However New Zealanders can play for money and win a lot without any taxation from the government.

While you search for the online casino, you might have noticed that all of them are practically the same. It applies to games library, offers section, banking options and even overall layout with general ‘About us’ articles are almost identical. Sometimes they have no other difference except for the name.

Sister-sites

The fact is the gambling sites are operating within one and the same owner company. But don’t exaggerate. It doesn’t mean that all online casinos found in the world have one owner. There are many companies, they are different with their unique service and regulations. It happens easily. One single owner creates a casino, then he widens the borders and opens another one and so on. The similar online casinos are called sister-sites.

Here are a few examples of the identical online casinos:

• Genesis Group owns Casino Planet, Kassu, Spinit and etc.
• LeoVegas Gaming operates LeoVegas, Slot Mob, Pink Casino.
• MT SecureTrade is the head company of Guts, Cashmio, Rizk, Dunder and others.

Is it safe?

You need to know that sister casino sites are equally trustful. Several online casinos with one owner don’t mean that they are fake. The owner company just wants to have more customers by implementing new casinos.

The same gambling sites work according to their company regulations. They provide the same safety and overall service including the support centre. In fact, the support team is one for all the casinos in a holding. If you ever refer to a call centre, the first question will be: what online casino do you play at?

Conclusion

There are a couple of disadvantages with the sister sites. First, each similar site is a separate entity on the whole. So, if you want to join another site of the same owner, you will have to pass the registration step once again. There is a beneficial point too. Signing up to each sister site you will still get the welcoming bonus. The second disadvantage is banning. If you get banned by one site in the holding, prepare for the blocked access to the other similar sites.

The bonuses are what you see first when you visit a casino site. This is exactly what they are made for. Online casinos have to attract customers in order to get the profit. It’s an obvious business scheme. However, the offerings are not so bright and shiny as they seem.

The typical welcome bonus work

As a rule, the first bonus is the most attractive. Let’s assume it implies giving you a 100% deposit and a number of free spins, say 20. However, these spins are not actually free as you make a deposit first.

All in all, you have to understand how the process is going. So, you deposit the first minimum sum. The bonus gives you 100% of your bonus up. It means your balance is double. For example, you deposited $20 and got $40 in the end. Additionally 20 extra spins for a particular game.

Then you have to meet the wagering requirements. Hopefully, you have read them all preliminary. The idea of the terms is that you won’t be able to withdraw the money until you play your bonus through. That means your 20 extra spins and the rewarded $20.

It’s advisable to set the smallest bet during the bonus rounds because you don’t really notice at which moment your balance is not sufficient anymore. It may occur even before you’ve met the requirements. For example, you haven’t spun the 20 rounds, but you have already run out of your budget. So, in order to withdraw, you need to deposit again and play until you complete the requirements.

Final thoughts

There are other types of promotions, of course. Most of them include the rewards in the form of cash, spins or points. Rewards system is unique in every online casino. Consequently, each casino has individual bonus T&Cs. That is why it’s highly recommended to read the terms. The requirements can be really excessive that you can even regret that you’ve used the bonus. To tell the truth, the experienced players don’t use bonuses at all, and don’t advise it. They know the consequences based on their own experience.