The most inviting power of playing slots are the promotions. Online casino offer free spins in all shapes and sizes to cater for a wide variety of players and the although the amount of free spins will differ from one casino to another, they are often plentiful. Although it is very alluring to dive straight into these fabulous freebies, it is important to understand the pro’s and con’s first.
THE PROS OF FREE SPINS OFFERS
Online casinos offer free spins to new or existing clients which give players the opportunity to spin the reels of a game for free with a chance of winning some real money. It can be offered upon sign-up for new customers or it can be a standard offer to existing customers. Often online casinos will run these promotions when a new slot game is released. There are two types:
- No deposit free spins bonus:
No deposit is required to get your hands on free spins with this bonus. You will only need to open a account and the spins will be credited to your account. Many of these bonuses come with a wagering requirement so read the terms and conditions before you start spinning.
- Free spins deposit bonus:
With this offer you will receive free spins when you deposit a certain amount according to the minimum requirement. For example: You get 150 free spins when you deposit $10. Usually this offer will not have a maximum withdrawal limit but it might still have wagering requirements.
CONS OF FREE SPINS OFFERS
- Wagering requirements:
A wagering requirement is when a bonus can not be withdrawn directly and that you will be required to play through a certain amount before you will be able to withdraw any wins. For example: If the online casino offers a $20 bonus with a wagering requirement of x10, you will need to play through $200 before you can withdraw.
- Withdrawal limits:
Amount limit: You will be able to withdraw a maximum amount in one go. For example: Only $2000 at a time.
Time Limit: You will be able to withdraw only once in a specific time frame. For example: You will be able to withdraw once every 5 days.
Often online casinos combine the limits, so then you will be able to withdraw $2000 every 5 days.
The online casino industry is growing day by day and because there are new casino games and slots popping up almost monthly, the competitiveness have become increasingly fierce. Almost all casinos will offer you free spins to get you to try them out and although it is fantastic to receive free money to play with, there are also a few pitfalls that you need to be aware of. The good news is that if you understand the terms and conditions, there is no reason for you not to take full advantage of the glorious freebies that are on offer.
When online casinos offer free spins, there will usually be a wagering requirement. But what is this? If a online casino offers you 25 free spins and you win $100, you will not be able to withdraw the money easily if the wagering requirement are high. Usually the casino will require you to wager the winnings for a specified amount of times, most commonly between 20x – 70x. Each online casino has their own requirements so find the one that offers you the lowest requirements.
It is crucial that you understand the withdrawal limits of the online casino before you decide to play. An amount limit is when the online casino limits you to a certain amount that you can withdraw in one go. For example: The casino will limit you to make a withdrawal of $6000 at a time. A time limit is when you are restricted to making a withdrawal within a specified time period. For example: You can make a withdrawal of $6000 once a week. Most casinos combine the amount and time limit so it is important to understand this to avoid dissapointment when cash-out time arrives.
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