Bonus Terms for 50 Free No Deposit Spins
All casino bonuses come with terms and restrictions that must be followed.
These terms and conditions must be read and understood for the following reasons:
- To accurately compare different bonuses and choose the best ones.
- To find out a bonus’ true value.
Some of the most common bonus terms and conditions have been explained in simple terms below:
Wagering requirements describe the minimum amount of money that must be bet before bonus funds can be withdrawn. The player will not be able to withdraw bonus funds until the wagering requirements are satisfied.
Wagering requirements are in place at casinos to avoid bonus abuse and limit financial losses.
Wagering requirements criteria for free spins are different from those for free credits.
Wagering requirements are sometimes just placed on the earnings from free spins, but it is also common practice for wagering requirements to be imposed on both the bonus winnings and the deposit amount, if a deposit was made.
An example of how wagering restrictions are implemented to no deposit free spins can be found below:
Lucky Creek Casino welcomes new players with 50 Free Spins on Red Hot Slots. The Free Spins have a 60x wagering requirement.
In this example, let’s assume you claim these Free Spins and win $100. Now, you must wager $6000 to convert the Free Spins winnings to real money you can withdraw.
Here’s a calculation that puts this into perspective:
$100 winnings x a 60x wagering requirement = You must wager $6000.
Once you’ve played $6000, the funds in your bonus balance are converted to real money and moved to your cash balance. Now, you can finally withdraw your Free Spins winnings.
We can see how wagering requirements work when they are applied to the total of free spins earnings plus the deposit amount in the example below.
But this is not be applicable to no deposit free spins since there is no deposit involved:
Slotastic Casino offers all new players 50 Free Spins. These Free Spins come with 30x wagering requirement.
For the sake of this example, let’s say you deposit $25 and claim the Free Spins. Luck is on your side and you win $87. Int his scenario, you must wager $4470 to convert the Free Spins winnings to real money you can cash out.
See this calculation:
- $25 deposit + $87 winnings = $149.
- $149 x a 30x wagering requirement = $4470 to wager.
Once you’ve played $4470, the funds remaining in your bonus balance are moved to your cash balance from where you can request a withdrawal.
Win Caps refers to the maximum amount you may cash out from your free spin winnings. These limits can vary greatly, but usually range from $10 to $200.
Bet Limits restrict how much you are allowed to bet with bonus funds.
As far as free spins are concerned, the stake value of the free spins is the same as the bet limit since the stake value is predetermined and you cannot wager the free spin for a higher amount.
The casino can lessen the likelihood of large winnings by restricting the stake value of each free spin.
When using your free spins, you may only play slot games that are listed as eligible. Unfortunately, casinos exclude high RTP games from bonus play to limits the chances of players hitting big wins with bonus funds.
Game Weighting Percentages
Game weighting percentages fluctuate by game category and show how much of a wager placed on that game category counts towards the fulfilment of outstanding wagering requirements.
Consider the below example of game weighting percentages for slots and table games:
- Slots – 100%
- Table Games – 75%
In this scenario, each bet placed on a slot machine counts fully towards wagering requirement completion. On the other hand, just 75% of each stake placed on a table game contributes to the completion of wagering requirements.
You must play all your free spins before they expire. The expiry date can also allude to the completion of wagering requirements. So, not only should you use your free spins within the given time limit, but also complete any associated wagering requirements.