If you’re a slots lover, then you have to agree with me when I say free spins casino bonuses are the best thing that ever happened in online casinos. The fact that they are one of the most common forms of rewards makes it even more impressive. Not only can you play for fun because they handed freely all over, but you play standing a chance to win actual money. And to answer your question on whether they are really for free, yes and no. Yes because the casino gives them to you sometimes without having to deposit any money and most times once you’ve made your first deposit or when reloading your account. No, because they always have wagering requirements attached to them.
- So what are wagering requirements?
These are conditions put on the free spins casino bonuses in a case where you win a cash prize when you play using them. They are the total amount that you must wager before you can cash in any winnings. It is usually expressed as a number mostly between 25x and 40x, but the wagering amount can be higher or lower depending on the casino. More information on their wagering requirements is in their terms and conditions page.
- Valuation of the free spins
Most casinos value them at €1 per turn, but this figure varies depending on the promotion the casino is having and the casino’s regulations itself.
- Winnings cap.
Some casinos put a limit on the amount a player can withdraw from the winnings of free spins casino bonuses. Remember, this is after you have satisfied the wagering requirements. Therefore, if the cap is at €200 and you have winnings of up to €500, then you will only get your €200 and the remaining €300 vanishes into thin air so you might as well stop playing once you hit the limit mark.
- Games limitation
Another thing with free spins is that they are not usable for all games. You might sign up to a casino in the hope of receiving the turns to try out a new game that has captured your interest only to find out they are not applicable. The casinos often specify the games that you can use the free spins for thereby limiting the fun you can have with them.
- Progressive jackpot wins
Different casinos out there handle them differently. However, in most cases, progressive jackpots are often excluded from the wagering requirements and winnings cap.
We cannot emphasize how important it is to go through the terms and conditions of online casinos with a fine-toothed comb. All the catches lie in here, and if you do not do your due diligence, it can kill the joy of playing slot games. Some of these free spins online casino bonuses have overbearing wagering requirements that you are better off ignoring the free spins than playing with them. So again yes and no, they are free but not entirely, you have to pay for them.