Terms & Conditions For 500 Free Spins
All casino bonuses come with rules and restrictions. How do you recognize a great bonus offer when you come across one?
First of all, it’s important to always go for casinos that are licensed and regulated. Put your mind at rest that the ones listed on our site are all verified and trusted.
In order to understand how bonus terms work, you need to understand how they impact your chances of winning real money.
So what should you look for when it comes to bonus terms?
Here are a few factors to consider:
- You will always need to wager your free spins.
- There is a win cap. You may not be able to cash out your winnings.
- Wagers may also be capped when you play with bonus credits.
- Certain slots lend themselves to bonus wagering more than others.
- You cannot play all the slots with bonus funds. Only a few are eligible for you to play.
- Claim and wager your free spins on time. There is an expiry date attached.
You Will Always Have To Wager Free Spin Winnings
Free spins are added as bonus credits to your bonus balance.
Remember that you always need to play through the value of your free spin win a certain number of times before you can convert your winnings to real money you can cash out.
Depending on the casino you are playing with, the playthrough varies between 30 and 70x.
Wagering requirements may be applied to the free spin winnings only or BOTH your deposit AND the free spin winnings when you have deposit free spins.
This is an example of how wagering requirements work with no deposit free spins.
This is an example of how wagering requirements work with deposit free spins.
Example
Crypto Loko Casino offers 560 Free Spins on slots. These Free Spins come with a 30x wagering requirement. To claim them, you must deposit $20 or more. Moreover, the wagering requirement is applied to both your deposit and the sum you win with the free spins.
Assume you deposit $20 to claim these Free Spins and that you win $121.
Here’s how you would calculate the wagering requirement:
- $20 deposit + $121 winnings = $222 total value.
- $222 total value x a 30x wagering requirement = $6660 to wager.
So, once you’ve played $6660, any remaining funds in your bonus balance are converted to real money and transferred to your cash balance. You can now withdraw your free spin winnings.
You May Not Be Able To Cash Out All Your Winnings
Casinos all impose limits on how much you can withdraw. They need to ascertain they do not lose much on any given free bonus or customer. The amount varies between $5 and $200.
Distinguishing between deposit free spins and no deposit free spins is crucial. Since you are required to make a deposit with deposit free spins, they do not have win caps. Thus, it makes more sense to go for these bonuses.
Bets Are Capped When You Play With Bonus Credits
This is another method for casinos to curb potentially big wins with free bonuses.
Casino wins are always a multiplication of the stake and capping the allowed bet size is an adequate means of ensuring players can only win so much on any given spin.
Wager caps are usually limited at $5 per spin; however, some casinos may be more generous.
Some Slots Are Better For Bonus Wagering Than Others
Casinos do not contribute equally to your wagering requirement. Slots are generally weighted at 100%. Here your entire stake is considered. So if you play $1, $1 is deducted from the pending wagering requirements.
Other games have lower weighting percentages. These percentages range from 0% to 20%, which is much harder to wager.
There Are Always Slots You Can’t Play With Bonus Funds
Not all games are eligible for bonus play. Remember that any wagers made on ineligible games will be excluded from your bonus wagering requirements and you will not be able to cash out.
Not only that! You risk having your bonus invalidated and confiscated. Make sure you read the bonus terms and conditions for the list of excluded games. Usually, this list includes games with high RTP, high volatility, and jackpot slots.
Make Sure You Claim And Wager Free Spins On Time
All bonuses must be activated and wagered within a specific time frame. Check the expiry dates if you don’t want to lose your bonus.
Casinos generally need you to play no deposit free spins in 72 hours. Usually, you will need to wager your bonus winnings in 7 days or less.