The Best Casinos With $500 No Deposit Bonus Codes

The $500 no deposit bonus is a special bonus that rewards you with a significant amount of money for free as incentive for signing up – $500, to be precise. You get the bonus even before you deposit funds into your account! You can use this bonus to play a variety of luckyland casino at the casino.

This is how it works: you sign up with the casino and opt in to receive the bonuses that it offers. If you have a bonus code, enter it in the field provided. Once you register with the casino the bonus reaches your account. Some casinos require you to provide the bonus code to the customer support team once you sign up so they can activate the bonus for you.

The bonus offers a number of advantages. You get access to a significant amount of money for ‘free’ – this bonus is free at the time of receipt; you end up making a deposit only later, when it comes to claiming winnings. You can use it to familiarize yourself with the casino’s environment and its luckyland casino.

There are a few negatives as well. For starters, you will need to fulfill the wagering requirements to redeem winnings from it. And you can withdraw just a portion of your winnings, unlike for a deposit bonus where you redeem whatever you win.

Before making a withdrawal request you will need to deposit a minimum amount into your account. And then there is the issue of bet size – the casino places a limit on the maximum bet you can place while wagering requirements are on, unlike in a deposit bonus where you choose your bet size.

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ExclusiveCasino BrangoNo Deposit: $60

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This bonus offers you a whopping 500 free spins when you sign up with the casino for real money play. You sign up and the free spins are yours to use, as simple as that! You don’t even have to make a deposit to receive these spins. Most of the time, these spins are available on a specific set of slots.

The free spins may be available in your account automatically once you sign up, or you may need to provide a bonus code to claim them, depending on the casino you are at.

The advantages that this bonus offers are many – you get to play the luckyland casino that the bonus covers for free, giving you the chance to get used to them. You also get to keep at least a portion of your winnings too!

On the downside, the game range is limited to just slots, unlike in the case of the no deposit bonus, which covers more luckyland casino. There are wagering requirements to fulfill too; you cannot cash out until you complete them.

There’s a limit on the amount you can cash out from your total wins. This is unlike in the case of a deposit free spins offer, where you keep what you win. Also, this bonus allows you to play only the slots that the casino picks for you; you cannot go and play your favorite slots.

The wagering requirement is an important condition associated with the use of a $500 no deposit bonus. You have to wager the bonus amount a specified number of times to be able to claim winnings from it.

Casinos usually express it as a multiplier value. For instance, a casino offers a $500 no deposit bonus with a 75x wagering requirement.

The following example will help us understand this better.

A casino offers a $500 no deposit bonus with a 60x wagering requirement. You win a total of $400 with this bonus. You will need to fulfill the 60x wagering requirement before you can request a withdrawal of your winnings, i.e. you will need to wager a total of $30,000 before you can file a request to withdraw your winnings of $400.

How do the wagering requirements work for other 500 free bonuses? Let us take a look at that next.

Example

BitStarz casino offers a welcome bonus of up to $500 or 5 BTC and 180 free spins on your first 4 deposits on a minimum deposit of $20. Here is how it works.

• Deposit #1: 100% up to $100 or 1 BTC and 180 free spins. You receive the first 20 free spins instantly on deposit, and the remaining 160 over the next 8 days, at the rate of 20 a day.  
• Deposit #2: 50% up to $100 or 1 BTC.
• Deposit #3: 50% up to $200 or 2 BTC.
• Deposit #4: 100% up to $100 or 1 BTC.

The following are the wagering requirements for this bonus:

• Match deposits: 40x the bonus amount
• Free spins: 40x the bonus winnings

Next, let us see how this works as a free spins bonus.

ExclusiveBitstarz CasinoFree Spins: 30 on Wolf Treasure

Minimum Deposit: Free Wager: 40xDate Added: 26 Oct 2021Bonus Code Not Required

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Example

Sign up for real money play with Casumo casino and receive up to $1800 and 200 free spins! Here is how it works.

Open an account and pocket a no deposit bonus of 15 free spins plus another 200 free spins on your first deposit!

• 1st Deposit Match Bonus of 100% up to $1000 plus 200 Welcome Spins on 9 Masks of Fire.
• 2nd Deposit Match Bonus of 100% up to $400.
• 3rd Deposit Match Bonus of 100% up to $400.

This bonus has a standard wagering requirement of 25x for both the deposit and free spins components and you must complete it within 21 days. The minimum qualifying deposit to claim the welcome bonus is $10.

ExclusiveNewCasumo CasinoFree Spins: 20 on 9 Masks of Fire Hyperspins

Minimum Deposit: Free Wager: 30xDate Added: 22 Aug 2022Bonus Code Not Required

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We just saw what the wagering requirement is and how it works. Different luckyland casino contribute differently to wagering requirements; this is called the wagering weight and it is expressed as a percentage value. For instance, slots contribute 100% towards wagering requirements usually.

The wagering weight has a direct correlation with the game RTP – a game with a high RTP will have a low wagering requirement compared to one with a lower RTP. For instance, blackjack has a high RTP of up to 99%, and a correspondingly low wagering weight of anywhere from 0% to 5% depending on the game.

The above is important to know, because a game with a 0% wagering weight will not contribute towards wagering requirements and is therefore a game to stay away from when you are looking to complete wagering requirements!

That is why casinos advise you not to play luckyland casino with low wagering weights/high RTPs.

Casinos usually put a cap on the maximum you can withdraw out of your total winnings from a $500 no deposit bonus. Any money that remains in your account – beyond the maximum cap amount – is rendered unusable and the casino removes it.

Take for instance a $500 no deposit reward with a win cap of $300. You use this bonus and win $700 with it. The maximum cashout limit/win cap clause ensures you will be able to withdraw only $300; the remaining $400 is of no use to you.

The maximum cashout limit/win cap varies depending on your bonus and also the casino you are playing at.

Casinos introduce a limit to the maximum single bet you can place while playing with any no deposit bonus, including the $500 no deposit offer. This is because a big bet is the best way for you to try and rack up a big-size win and also tide over the wagering requirements quickly.

A big win means the casino will need to pay out; and that is something no casino wants to take on, especially when the wagering requirements are in play; hence the maximum bet limit. The standard bet limit for no deposit bonuses at most casinos is $5; it can go up to $10 or even higher in some cases.

Casinos offering the $500 no deposit bonus restrict the number of luckyland casino you can play with it. There is a list of excluded/restricted luckyland casino; do not play these luckyland casino to complete your wagering requirements.

The reason for not playing these luckyland casino is simple: they are usually luckyland casino with high RTP and volatility and contribute minimally – or not at all – towards completion of your wagering requirements. A high RTP game means more chances for you to score wins.

So when you are completing your wagering requirements stay away from these luckyland casino and instead play the big collection of luckyland casino that do contribute towards it!

All no deposit bonuses, including the $500 no deposit bonus, have an expiry date. You must use it up before that date else it will not give you any returns or rewards.

The expiry date clause is applicable to wagering requirements as well; you need to complete them before that date or time period to be able to cash out your winnings from the bonus.

A good example for this is the welcome package at JustSpin casino – you must complete your wagering requirements within 21 days of claiming the bonus!