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Second, compare the effective cost of the bonus to a typical deposit match. A 100 % match on a $20 deposit costs the casino roughly $20 × 1‑R. With R = 0.97, that’s $0.60. A no‑deposit code of 30 credits with a 30× requirement costs about 30 × 1‑R × 30 = 27 × 0.03 = 0.81 CAD in expected loss. So the “free” code is actually pricier than the deposit match, albeit hidden behind fine print. Almost all no deposit deals are given to new players as welcome bonus offers. These welcome packages are designed to attract players to the site. The rewards you can receive as part of your no deposit welcome bonus will vary from site to site. For example, Spin City Casino offers Canadian players C$30 in bonus cash, whereas Spinmama offers 100 free spins on Sweet Bonanza.
