The Best Casinos Offering a $400 Free No Deposit Bonus 2023

We have already mentioned this bonus briefly earlier – it rewards you with $400 in free casino credits even before you make your first deposit. In that sense it is a free bonus.

This bonus covers a wide range of games. You can use it to play for free in the real money mode and keep some of the winnings. You can check out the games and also the different experiences at the various casinos with this bonus for free.

So what’s the catch? The bonus has with its own terms and conditions. You must deposit a minimum qualifying amount before redeeming winnings. There are wagering requirements to fulfill, usually on the higher side. There is also a cap on the cash out limit.

This bonus covers only slots and rewards you with a whopping 400 free spins when you sign up for real money play! The free spins are available on a specific slot/set of slots. In that sense, this bonus is more limiting than the no-deposit bonus credits. 

Casinos use this bonus to promote new slots. Use this experience to try out the slots covered, and also try out the bonus at the various casinos offering them before picking one.

The bonus comes with a minimum qualifying deposit to be cash out winnings. There are wagering requirements as well. You will not be able to cash out all your winnings; just the maximum cashout limit.

This bonus is different from the other 2 in a few respects: it is available to you only when you fund your account. There are different categories under this bonus:

• 100% match bonus up to $400: The casino matches your deposit 100% with one of its own, up to a maximum of $400.
• 400% welcome bonus: The casino matches your deposit 400%! So if you deposit $100 into your account, the casino makes a 400% deposit of its own as a bonus, i.e. another $400, giving you a total of $500 to play with! Some casinos place a cap on how much bonus it will offer, so you could receive a bonus of 400% up to $2000, for instance. This is a great bonus because of the big returns.
• Match bonus with 400 free spins as welcome bonus: Some casinos offer the welcome bonus as a combo pack – you get a match deposit bonus of a certain percentage and also 400 free spins to go with it. Players favor this type of offer because it gives them both the types of bonuses in a single package.

For instance, you could get a welcome package of 100% up to $1,000 and 400 free spins. The free spins are usually limited to a set of slots, and the percentage of match bonus depends on the casino. 

A number of casinos divide their welcome bonus across multiple deposits, and they add up to $400 in all. For instance, a casino could offer a welcome bonus of up to $400 across their first 4 deposits:

• 100% up to $100 on your first deposit
• 75% up to $100 on your second deposit
• 50% up to $100 on your third deposit
• 100% up to $100 on your fourth deposit

In all the 3 instances above, the bonus is not free, and therefore the amount is usually big. Another advantage – there is no cap on withdrawals. You keep what you win as long as you fulfill the wagering requirement and other terms. There are fewer game restrictions too.

One of the most important conditions associated with the $400 no deposit bonus is the wagering requirement. As per this condition, you must wager your bonus a given number of times once you have used it up; only then will you be eligible to claim your winnings from it.

Casinos usually express it as a multiplier value, e.g. a no deposit bonus of $400 with a 60x wagering requirement. The following example will help us understand this concept better.

Let’s say a casino offers a $400 no deposit bonus with a 50x wagering requirement. You use this bonus and win $400 with it. To be able to claim these winnings you must wager your bonus amount, i.e. $400, 50 times, which means you must wager a total of $20,000 to be able to withdraw the $400 you won.

We look at examples of a deposit welcome bonus of the same value and a free spins bonus as well, to understand this better.

No deposit bonuses come with limiting factors; one of them is a cap on the maximum you can withdraw from your winnings. Casinos usually cap the maximum withdrawal permitted for no deposit bonuses. Anything above the capped amount is removed from your account.

The win cap condition is in place to ensure the casino doesn’t end up paying through its nose for a bonus that they offered without even getting the player to deposit funds. The only money that they officially make from this bonus is the minimum qualifying deposit, and it is too less an amount for a big payout.

The maximum win cap varies from one casino to another. Some cap your winnings at $50, while there are others that let you go as high as $150-$200.

What is the best way for a player to beat the possibility of a prolonged wagering limit exercise and also make some big bucks in the process? Simple; just place a big bet and hope that you strike it rich! Even if you don’t win much, you at least get through the wagering process quickly. The bet limit condition allows casinos to deal with this possibility.

All casinos place limits on the maximum single bet you can place while the wagering requirements are in play. The common bet limit is $5, but there are casinos that allow bets of up to $10.

The no deposit bonus, be it bonus credits or free spins, places a limit on the games you can play. There is a set of restricted games that you cannot play with this bonus.

The restricted games are ones with high RTP values or high volatility. High RTP games mean the possibility of easy and even high returns for the player, and that is not an ideal scenario especially with this bonus.

The good news is that not many games feature on the excluded or restricted games list. All you have to do is stay away from these games, and you still have a big swathe of games to target!

One of the most important conditions for the $400 no deposit bonus is the wagering requirement. Different games contribute differently to it: the percentage that a game contributes towards wagering requirements is called the wagering weight.

The game wagering weight or weighting percentage varies for different games. The higher the RTP value the lower the wagering weight –that is the general rule of thumb; which means a game like blackjack, with a RTP value of 99% would have a low wagering weight, usually between 0% and 5%.

Game weighting percentages become critical when it comes to picking games for fulfilling wagering requirements. Games with low wagering weights are usually not encouraged for wagering purposes.

The $400 no deposit bonus has a shelf life and an expiry date. You need to play it out before it reaches the expiration date.

There are expiry dates for wagering requirements as well – casinos need you to finish up the wagering requirements before they expire.

Failure to meet the expiry date – for the $400 no-deposit bonus or for the wagering requirements that accompany it – will result in penalties. These include annulment of winnings and cancelation of the bonus itself!