As you may know, there are all sorts of bonuses and promotions available at online gaming establishments. Some operators award free cash to new players, others give their clients weekly or monthly bonuses. Moreover, deposit bonuses are also considered a popular bonus type, as are high roller bonuses. You see, there are tens of different bonus types, and yet they all award the same things – either free money or free spins, or both.
Today, we are discussing one of the favorite casino bonuses, keep reeding below to learn how free spins are explained here. Are those bonuses really what they seem or is there a catch that we, ordinary gamblers, do not perceive?
Free Spins Bonuses: The Basics
Simply put, free spins bonuses are promotional offers awarded to players by the casino operator. Essentially, these bonuses grant players the opportunity to play slots for free and potentially win a lot of money.
It is important to mention that different online casinos utilise the free spins bonus in a different manner. For example, the number of free spins tends to vary at different casinos, and sometimes the free spins bonus is paired with another promotional offer. What is more, some online casinos restrict the number of slot games eligible for free spins bonus play. Usually, free spins bonuses are awarded to the newest slots at the establishment. In addition, the wagering requirements (which we will cover shortly) also tend to vary at different gaming venues.
In general, there are two types of free spins bonuses, which Bonus Insider will discuss below.
No Deposit Free Spins Bonuses
This is regarded as the most common type of bonus available at casinos. Essentially, players are awarded X free spins upon making a registration; the free spins are automatically added to the account. If any winnings are made while the free spins are being used, players have to fulfill the casino’s wagering requirements before being able to withdraw the money. What is more, players wishing to withdraw their winnings will have to make a deposit before being able to do it. In addition, no deposit free spins bonuses might have a cap on maximum winnings as well as on the maximum withdrawal amounts.
Deposit Free Spins Bonuses
As their name suggests, deposit free spins bonuses are awarded when players make a deposit; again, the spins are automatically transferred to the account of the player. Often times there will be a minimum deposit amount. Another thing to keep in mind is that deposit free spins bonuses are usually paired with other promotional offers, such as match bonuses.
Unlike no deposit free spin bonuses, deposit bonuses usually do not have a cap on the maximum withdrawal amount. Still, players have to fulfill the casino’s requirements before being able to claim their winnings.
Keep in mind that free spins bonuses might have additional limitations. For example, free spins bonus offers might be awarded for a limited period of time (e.g. one week), they could be country-restricted or, as we mentioned above, they could be game-specific.
Free Spins Bonuses: The Wagering Requirements
Online casino operators are not dumb and their giving players free spins and free money is not an act of kindness. That is why all sorts of wagering requirements exist – that is how casinos make money from the bonuses they award to clients. If you are lucky enough, you might find a casino offering free spins bonuses with no wagering requirements. Still, the majority of operators impose wagering requirements.
When players are awarded free spin bonuses, they can utilise them to win big. Essentially, in order to claim any winnings made with the bonus, the amount made whilst free spins bonus is utilised has to be played through a X amount of times. For example, if you have won $100 using free spins bonuses, the operator will require of you to wager the money, say, 40 times. Having done that, your money will be available to withdraw.
Another thing to keep in mind is that not all games contribute to the wagering requirements the same. Usually, slot games contribute 100% to the fulfillment of wagering requirements, whereas roulette games usually count as 20% of the wagering requirements, and blackjack games count as less than 10%. It is important to note that these figures might vary at different operators.
In addition, as we mentioned earlier, most operators put a cap on the maximum winnings available with free spins bonuses. Essentially, this measure prevents players from hitting jackpots.
Ultimately, “thanks” to wagering requirements, players can not withdraw their bonus, or money won while the bonus is used, directly. Instead, they have to wager the money a specified number of times. More often than not, players lose their winnings before having fulfilled the wagering requirements, especially when those are high.
Our advice – shop around to find the casino with the lowest wagering requirements. Further, always read the wagering requirements thoroughly before claiming a bonus.
