This is why free spins with no wagering requirements are very valuable
As a passionate casino enthusiast you probably already know why free spins with no wagering requirements are one of, if not the very best bonus offer you’re able to get from casinos. Should you, however, be a new explorer to the thrilling world of playing slots on the internet you may be scratching your head. Don’t worry though – we have it all easily explained for you.
A short introduction to what free spins are
To understand the true value of free spins with no wagering requirements you first have to understand what free spins are. This is a popular type of bonus that casinos are offering to attract new players and retain already registered ones. It’s something that benefits them, but is as mutually advantageous to us thrill seekers as our chance of making a profitable withdrawal increases.
So what are free spins? The name actually gives it away as it’s a certain amount of spins that you’ll receive on a certain slot machine. The spins are played for free with the reward of any winnings made from them being credited to your player account just like they normally would.
However, with many free spins offers the money credited won’t be yours to cash out until a certain condition have been fulfilled. It will sit on your account as a bonus balance. For this to be transformed into a real money sum you have completed something known as a wagering requirement.
Here’s an explanation of how wagering requirements work
When a bonus comes with a wagering requirement this means that the bonus money you have received must be staked a certain amount of times. In terms of free spin offers this bonus cash is simply the money you have won when playing your spins.
Wagering requirements can vary greatly from one bonus to another as well as from one casino to another. A common example of one could, however, be 30x. Should this be the case and you have won a total of £100 playing your free spins, you would have to stake a total of £3000 (30 * 100). Until this has been done you won’t be able to make a cash out.
Staking a total of £3000 is quite a hefty sum and as slot machines aren’t in our favor, chances are that the entire bonus amount will be lost before the requirement has been fulfilled. This is where free spins with no wagering truly shine.
With free spins with no wagering you keep winnings as real money
As you may have already figured out, free spins with no wagering allows you to keep winnings as real money with no staking required. In other word, you’re able to instantly cash out the winnings made from your free spins. This is incredibly valuable as it’s basically free money you’re receiving from such an offer.
The rise of free spins with no wagering requirements in the UK
If you’ve been playing casino online since 2008 or so it’s likely that you’re just as amazed as us by the incredible evolution of it. There’s been a massive transformation in deposits and withdrawals, regulations and games which are now up to an astonishing level that we never could have imagined.
Bonuses have of course also changed tremendously. Back in 2008 no casino would ever consider offering a bonus without any strings attached to it. And here we are today – in a reality where it’s incredibly easy to find free spins with no wagering requirements in the UK.
Every other operator is offering these lucrative spins in welcome bonuses, slot tournaments and other promotional offers. Should you be a loyal player with a casino it’s also quite common that they can be received as a type of good will bonus credited by just speaking with the customer support.
The evolution of bonuses may seem surprising to some, but free spins with no wagering requirements being common in the UK is actually a very natural development. It all has to do with competition. Ever since playing casino online became a popular pastime in the UK the number of operators offering the thrill of gambling has skyrocketed. These days there are hundreds if not thousands of sites that you can visit to enjoy slots, table games and other exciting products.
To survive in this tough environment casinos have been forced to push the boundaries of the gambling experience offered. That’s why we as players are able to get such great experiences as we are today and why bonuses have become more and more valuable. We may enjoy the thrill, but as casino enthusiasts we are of course in it to win. The best way of doing so is grabbing a lucrative bonus such as free spins with no wagering.
An incredibly efficient way for casinos to attract new players and retain already registered ones is therefore offering a wide selection of such appealing bonus offers.
Getting the most out of your free spins with no wagering requirements
Taking part of free spins and especially those that come with no wagering attached to them is always a great way to increase our chances of winning. Sometimes we do, however, also get the golden opportunity to affect how high we would like this increased chance to be. Or to put it in another way, avoid getting caught in a trap that would give us less of a reward than we’re actually entitled to.
We are talking about those UK free spin offers with no wagering that come with a selection of different slots to choose from. You won’t always find this – far from – but sometimes the bonus will give you the option to pick between certain slot machines that you’re able to play your free spins on.
As you may or may not already know, the vast majority of free spins with no wagering requirement offered in the UK have a value equal to the minimum stake of the slot they’re being played on. So if you receive 100 free spins on Starburst these would usually be worth £10 as a result of the minimum stake of the machine being £0.1. With the same calculation 100 spins on Mega Fortune would be worth more than twice as much (£25) as this slot has a minimum stake of £0.25.
Now you would think that casinos giving you the option to play your free spins with no wagering on different slots would only choose machines that all have the same minimum stake. That would make sense, but this isn’t always the case. To maximize the value and potential of your spins you should therefore pay close attention to what slots you’re able to play them on. Then of course always choose the one that has the highest minimum stake.
Terms and conditions that free spins with no wagering may come with
No matter what type of bonus it is that casinos are offering, this almost always comes with certain terms and conditions that are very important to be aware about. One of the most common ones is a wagering requirement that has to be fulfilled before a cash out can be made.
The beauty of taking part of free spin offers with no wagering is that you never have to worry about this particular term. Your winnings are always credited as pure cash with no staking of them ever being required. There are, however, some other conditions that may apply to the free spin offers. We have listed and explained some of these below.
You can only use the offer once
This may sound like an obvious one, but it’s actually not only you as a person that this condition is referring to. Usually you’ll find that term also states that the bonus can only be used once per household and IP-address. This means that anyone you’re living with won’t be allowed to use the offer if you already have and vice versa.
It also means that you have to be wary about creating your casino account and taking part of bonuses using a public internet connection as others may have already done so with the same IP.
There’s a maximum cash out amount
This is quite rare to find on free spin offers with no wagering in the UK and is much more common to come across on so called no deposit free spins. What it means is, however, that you can’t cash out an unlimited amount of money that you’ve won from playing your spins.
It may for instance be that winnings are capped at £50. Should you have won £100 from your free spin bonus this would mean that only half of it could be cashed out. The rest of it would be removed from your balance when making the withdrawal.
Your deposit needs to be turned over once
In contrast to the above condition, it’s very common to find that your deposited amount needs to be turned over once before you can make a cash out. This is actually not a term that you usually find on a specific bonus offer, but is often a general one found in the casino’s general terms and conditions.
This means that even though your free spins with no wagering allow you to keep winnings without any staking needed, the deposit that triggered the bonus needs to be staked at least once. You can’t just deposit, play your spins and instantly withdraw.
Deposits made by e-Wallets won’t activate the bonus
What is fairly common to find as a term, especially so among welcome offers, is that certain e-Wallets such as Neteller and Skrill won’t be able to trigger your bonus. In other words, if you deposit with these methods you may not get your free spins with no wagering credited.
The reason for casinos having such a condition is that this type of payment solution is an anonymous one and overrepresented when it comes to bonus abusing. There are several ways that operators can prevent such an abuse from costing them money. Some do, however, find that the most efficient method is to just block e-Wallets from the bonus.
Frequently asked questions about free spins with no wagering
Every now and then we receive questions about the casino industry, including queries about free spins with no wagering. Therefore we have gathered some of the most common ones asked and answered these as briefly yet thoroughly as possible.