Why Free Spins Are (Technically) Not No Deposit Bonuses
January 12, 2022Free spins are one of the most common online casino bonuses available in 2024 but you may be wondering how they actually work. Slots are by far the most popular online gambling game and you'll find hundreds of titles at the top sites including 3 reel, 5 reel, progressive jackpots, and 3D slots. For slots fans, getting excited about slots bonuses is natural especially when they are free spins. Casinos often offer free spins on their best slots to draw in new players and the idea behind them is you get to play real money games without having to spend your own money, and the casino gets a new customer. They seem like a great deal with no risk, but are free spins really as great as they seem?
In this article, we are going to look at free spins, what they are, the terms and conditions you need to be aware of, and how there aren't technically no deposit bonuses. If you want to understand more about online casino free spins and what these attractive deals are really worth, keep reading this article.
How Do Free Spins Work?
Free spins are essentially what you think they are: spins on slot machines that don't require you to spend your own money. You get the spin on real money games so you can win real cash and you have nothing to lose. This is why they appeal to so many online casino players. You are playing with the casino's money and the number of spins offered will depend from site to site but can vary from 5 up to 100. It can be that the bonus is only valid for certain games or on certain software provider titles and the casino will also specify the value of each spin.
When you claim a free spins bonus in 2024 from any online casino around the world whether it's a top Canadian no deposit online casinos or the best casino online for UK players you use the spins on specific titles in a bid to generate winnings. You can cashout your winnings once you satisfy the terms and conditions listed for the bonus. For example, if you receive 50 free spins and you win $50, that money you've won will only become yours to withdraw once you meet all the terms and conditions. Some free spins bonuses are tied to a single slot machine, while others can be used on all the slots the casino offers. Regardless of the games, you can play, you only get to keep your winnings if you satisfy the terms attached to the bonus.
Types of Free Spins Bonuses at Online Casinos in 2024
There are different types of free spins bonuses you will find at top online casino sites in 2024. They all essentially work the same way in that you use them to play real money slots and win money. The variations are based on the requirements needed to claim the bonuses. The different types of free spins offers are listed below.
No Deposit Free Spins
No deposit bonuses in 2024 are the most sought after option for new players and no deposit free spins are slots bonuses that let you play a set number of free games without having to make a deposit. The only requirement is that you register for a real money account. When you register for a casino account you agree to the site's terms and conditions and you will have to verify your email address. No deposit free spins are a risk-free way to test out a new site and you have the opportunity to keep your winnings up to a fixed amount. We have an exclusive free spins bonus for 888 Casino.
Deposit Free Spins
Deposit bonuses require you to fund your casino account in order to claim them. They often offer cash or free spins. A free spins deposit bonus means you receive a set number of real money spins on top slots when you deposit a certain amount of money. For example, if you deposit $20 you receive 50 free spins. These bonuses are not limited to new players and regular players will often find generous free spins promos they can claim weekly.
Deposit bonus spins are similar to no deposit spins in that what you win can be withdrawn. The big difference is that the wagering requirements are much lower and your winnings might not be capped at a fixed amount as they are with no deposit offers.
Deposit Bonus + Free Spins
Many top online casinos offer huge welcome packages that often contain free spins. These are new player special offers where you receive a large amount of bonus cash over your first number of deposits and a large number of free spins too. The free spins are offered with your first deposit and an example of this might be something like a 100% bonus up to $300 plus 100 free spins. You receive 20 free spins each day over a five-day period.
Some of the best online casino signup bonuses have non-wagering spins and these are the best types of free spins to look for. There are no wagering requirements so whatever you win is yours to keep right away and you don't have to playthrough your winnings a certain number of times to turn it into real money.
How Many Free Spins Do Casinos Offer?
The number of spins offered will depend on the casino you choose to play at and this can vary from 5 up to 200. No deposit spins bonuses will often come with a lower number of free games and this is because there is no risk involved. You can get up from 5 up to 50 no deposit free spins. If you see a bonus offered more than 50 free spins it is likely that you will be required to make a deposit to claim them. To make sure you are getting the best value it is important to read the terms and conditions and consider what will work out best for you. The higher the wagering requirements the harder it will be to clear them and cashout your winnings. We review all the best free spins bonuses on our site from 10 free spins up to 100 and more.
Free Spins vs a Other Casino Bonuses
There are a number of casino bonuses that you compare with free spins and this is especially useful for new players and those that want to know which bonus is the best for them. Below we compare free spins to other casino bonuses
No Deposit Cash Bonus and Free Spins Compared
No deposit cash bonuses give you free cash that you can use to play real money casino games. A typical offer might be a $10 no deposit bonus with a wagering requirement of 35x. This means you have to playthrough $250 to cashout your winnings. The difference between the no deposit cash bonus and free spins is that you receive free cash that you can use to play all the slots at the casino. Free spins are often tied to one slot or a small selection of games. With no deposit cash, such as the $5 no deposit bonus code at Fair Go Casino for Australian players, you have to clear the wagering requirement before withdrawing your winnings. With free spins the wagering requirements are based on the winnings you accrue from your spins and not on the value of the spins.
Deposit Bonuses Compared to Free Spins
Deposits bonuses offered at casinos online are percentage matches on the amount you deposit. For example, you might be offered a 200% match bonus up to $200. If you make a deposit of $20 you'll receive $40 extra. Like free spins, you will need to meet the wagering requirements before you can cashout your winnings, but the main difference is that you know exactly how much bonus money you will get. With free spins, the amount of bonus money is based on how much you win after you've played the free slots. You might get anything from $0 up to $100. Another big difference is that with deposit bonuses you aren't tied to playing slots and you can play table games, video poker, scratch cards, and more to meet the wagering requirements.
Free Casino Slots Compared to Free Spins Bonuses
The best casino sites in the world in 2024 allow you to play their games for free so you can decide whether or not you want to make a deposit and play for real money. The fun play option uses demo versions of the games and is a great way to see what all the fuss is about. There is no limit to how long or how many games you can play for free. Free spins bonuses on the other hand allow you to play real money slots and let you win real money until your spins run out. Both of these allow you to play free slots but the big difference is that free spins bonuses actually give you the opportunity to win real money.
How Free are Casino Spins Bonuses Really?
In the increasingly competitive online gambling industry, almost every casino will offer free spins to entice new players to sign up for an account. While these spins are free in the sense that you get to play free games, it is worth remembering that you really don't get anything for free and casinos wouldn't offer bonuses if they didn't get something out of them too. The idea behind them is that when players sign up and take advantage of a free spins bonus whether it's a no deposit or deposit deal they will continue to play after they've used up their complimentary offer.
Lots of top gambling sites offer complimentary slots games as a reward too such as referring friends, following them on social media, or as an anniversary bonus. Some might even offer free spins when a new slot is released. There are pros and cons which are listed below.
Pros of Free Spins
- You have the chance to win free money: The main reason people love free spins is that they have the opportunity to win real money.
- You get to try new slots games: With free spins you get to try out the best slots and play your favorite games. There's nothing more exciting than trying new slots without risking your own cash.
- You can play real money games with no deposit: With no deposit spins you are getting a legitimate free offer. Your chances of meeting the wagering requirements and cashing out a significant sum of money are low, but the opportunity to win with no risk is there.
Cons of Free Spins
- Free spins aren't really free:While you do get to play free video slots, the casino also benefits in that they get you to register for an account and provide them with your email so they can send you promotional offers. Another thing is that when you use a no deposit spins bonus, you have to make a deposit if you want to withdraw your winnings. This is a minimum deposit amount but once you make the deposit you are more likely to continue playing.
- Spins can be restricted to a specific game: Free spins can often only be used on one specific game and while this is usually one of the most popular titles, it might not be the game for you.
- The chance of winning cash is quite low: When you claim a free spins bonus, don't expect to win loads of money. The odds are that you'll lose anything you've won while you are trying to meet the wagering requirements. This doesn't mean you shouldn't claim them, it just means that you shouldn't expect to win big. Even if you hit a big jackpot, the casino will have placed a limit on the amount you can win from your free spins bonus and once you reach this limit, anything above it will be removed from your account when you request a withdrawal.
What About The Terms and Conditions?
Reading the terms and conditions is essential if you plan to claim a casino bonus. The terms will vary from site to site but there are some common items that you will find. These include:
- A cap on the amount you can win, especially with no deposit spins.
- Time restrictions. Free spins often expire after 24 hours
- Wagering requirements. This is the number of times you have to bet your winnings before your bonus money becomes cashable.
- Game restrictions. You can only play a particular title or a number of titles from a specific software provider. You can't use your spins on jackpot slots.
How to Cashout Your Free Spins Winnings
In order to cashout your winnings from your free spins casino bonus, you have to meet all the terms and conditions. The most notable of these is the wagering requirements or playthrough. This refers to the number of times you have to wager your bonus in order to turn it cashable. Wagering requirements are expressed as a multiple and can range from 30x up to 70x. For example, if you receive 50 free spins with a 30x wagering requirement and you win $10 from your spins, you will have to playthrough $10 x 30 = $300 before you can cashout your $10 winnings.
With free spins promos, you'll often find that the casino has imposed a maximum cashout amount. This can range from $50 to $200. No matter how much you win, you can only withdraw the maximum amount and anything above this will be removed from your account when you request a payout.
If you claim a no deposit bonus you will be required to make a minimum deposit before you can withdraw your winnings. This is to prevent bonus abuse. You have to ensure that you adhere to all the terms and conditions because if you break them, you void your bonus and any winnings you may have accumulated. Our reviews for all the best online casinos for 2024 check the terms and conditions and bonus wagering requirements to ensure they are fair.
Now that you know everything there is to know about casino free spins offers online, you can now make an informed decision on the best offers to claim. Whether you want to look for no deposit codes, non-wagering spins, or huge welcome deals, the choice is yours and all the latest offers are listed on our site including exclusive bonuses at Jackpot City Casino and other top sites. We recommend that you take advantage of these deals especially if you love to play slots. You're going to play slots games anyway, so why give yourself the chance to win for free by using a no deposit spins code. It is important to remember that there are terms and conditions and limits on the amount you can win so if you want better terms, the welcome packages with non-wagering spins are by far the best option for slots fans in 2024. No matter what your preference is, make sure you don't miss out on all the free spins deals listed here on NoDepositWow.com. They may not be technically free, but when it comes to playing free casino games, that's exactly what you'll get.