Bonus Terms for Daily Free Spins
Like it or not, online casino bonuses have certain rules, terms and conditions. A casino has general bonus terms that apply to all bonuses and there may also be specific bonus terms for a specific offers.
We understand it is uninspiring to read through tons of bonus rules.
However, reading the fine print is important for the following reasons:
- You will know the rules and be careful not to step over the line and lose your bonus winnings.
- Bet limits, wagering requirements, maximum cashout limit, and other terms can all be found in the bonus terms and conditions. And by considering these restrictions, you will be able to determine a bonus’s true value. Once you know the value, it is easy to compare free spins bonuses and find the best ones.
There are a few standard bonus terms used across the board that we’ve explained in layman terms with the below:
You have to wager the bonus, the required number of times before cashing out your bonus winnings. Online casinos express these requirements, known as playthrough requirements or wagering requirements, as multiplier values.
For example, if a 100 no deposit bonus is subject to a wagering requirement of 50x, you have to wager $5000 before requesting a payout.
Most players dislike wagering requirements, but they protect online casinos from bonus abuse. Also, some players enjoy the thrills of earning a bonus.
Wagering requirements may apply to the bonus plus the qualifying deposit amount if you claim a $100 deposit bonus. If you claim a no deposit cash or free spins bonus, the wagering requirements apply only to the bonus cash or free spins winnings.
We’ve prepared a few examples that put this into context. Let’s first look at no deposit free spins:
Brango Casino welcomes new players with 115 Free Spins on Bubble Bubble 3. The Free Spins have a 45x wagering requirement.
In this example, let’s assume you claim these Free Spins and win $100. Now, you must wager $4500 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 45x wagering requirement = You must wager $4500.
Once you’ve played $4500, 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.
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And here’s an example of wagering requirement applied both to your free spin winnings and your deposit:
Punt Casino offers all new players 15 Welcome Spins. These Welcome Spins come with 40x wagering requirement.
For the sake of this example, let’s say you deposit $9 and claim the Welcome Spins. Luck is on your side and you win $22. Int his scenario, you must wager $1400 to convert the Welcome Spins winnings to real money you can cash out.
See this calculation:
- $9 deposit + $22 winnings = $35.
- $35 x a 40x wagering requirement = $1400 to wager.
Once you’ve played $1400, the funds remaining in your bonus balance are moved to your cash balance from where you can request a withdrawal.
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You can withdraw the money you win while using a casino bonus, but only up to a predetermined amount. For example, if an online casino offers a no deposit bonus subject to a win cap of $100, you can withdraw only $100 even if you win more.
Bet Size Limits
Bet limits prevent you from hitting massive wins on huge bets. Online casinos apply bet limits to their 100 no deposit bonus offers because they want to make a profit. The bet limit is generally $5 per bet or spin, but it could be more at some 100 no deposit bonus casino sites.
You cannot use any casino bonus on excluded games, including high RTP games and high volatility slots. Read the bonus terms and conditions to ascertain that you can use the bonus on the games you love.
Game Weighting Percentages
The money you spend on online casino games contributes differently towards satisfying bonus wagering requirements. Usually, all the money wagered on slots contributes fully towards clearing the bonus.
For example, if you bet $10 on a slot game, the whole bet contributes towards meeting the wagering requirements. If you bet the same amount on a blackjack game, only 10% may count towards clearing the bonus.
$200 no deposit bonus 200 free spins lose validity in a few days. Check the bonus terms for expiry dates because you need to clear the bonus before it expires. Ascertain that you have enough time to clear the bonus before it expires.