Deposit Bonus vs Free Spins
For those of you who have been looking at different casinos and everything they offer, you might already be familiar with 2 of the most frequent offers available with online casinos. These include deposit bonuses and free spin bonuses. Sure, many casinos provide additional options such as loyalty programs, VIP programs, no deposit bonuses, and much more. However, here we will look at what a deposit bonus is and what exactly free spin bonuses are while also looking into how they world together and which are the better of the two.
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Casino Bonuses – An Introduction
Casino bonuses of any kind provide the casino with a unique marketing method to attract new players while also keeping them interested by offering additional cash and free spins that give more cash in winnings. Accepting these bonuses will consist of terms and conditions of which the wager requirements and game limitations are the most important. Some casinos require much higher wagering for their bonuses, making it difficult to reach, which results in you not being able to withdraw.
Beware of the terms and conditions
Most new players see these bonuses and are just amazed that the casinos will give them free cash with their first deposit simply for joining, which they accept without reading the terms and conditions and later wonder why the casino won’t accept a withdrawal request. This has also caused many complaints with online casinos, making them look bad. At the end of the day, this is the result of the casino not explaining things correctly or trying to hide their massive requirements when it comes to a bonus. Other times it’s the play who doesn’t pay attention and read through the terms and conditions or at least try to understand how these bonuses work before accepting them.
There are only a few casinos that do not offer bonuses whatsoever, the rest all have some type of bonus available, which can be accepted or declined at the players choice. There are also some casinos that will automatically add the bonus to your account, just assuming you would have accepted, which would once again be explained in the T&C’s along with how players can avoid these bonuses. As I’m sure you’ve picked up so far, the terms and conditions of any casinos are highly critical as it gives you all the small details about bonuses and everything else you need to know. Sure, these are terrible to sit and read through, but the casino has ensured all their conditions are listed there to protect themselves.
What are Deposit Bonuses?
A deposit bonus comes in various shapes and sizes. This includes match bonuses, reload bonuses, deposit method bonuses, and more. Users can accept these to receive additional cash from the casinos, but accepting also means you accept their terms and conditions and understand what’s required before a withdrawal can take place. A deposit bonus usually begins with a welcome bonus that is offered to players who are new at the casinos and are about to make a deposit for the first time. Some welcome packages consist of multiple deposit bonuses, which provide additional cash to your account for the first few deposits, usually ranging from 3 to 5 deposits. The casino will include all the details about the bonus before you accepting, which includes the amount up to which the bonus will be accepted and the amount that will be matched. Since players don’t all deposit the same values, the match amount is shown in a percentage.
The casino has a great promotion that offers 200% with any deposit up to $100. This tells us a total of $200 is available in bonuses, but it means you need to deposit at least $100. Should only $50 be deposited, the bonus value will only be $100, giving you an account total of $150.
High roller deposit bonuses are essentially the same thing as the above mentioned, but the percentage is much higher and instead of a maximum deposit, the casino will include a minimum deposit amount. This means you need to deposit at least the amount posted on the promotions to receive the bigger bonus. There are many casinos that offer these, but they are not as common as the standard deposit bonuses. Casinos like Highroller Casino, for example, have a match-up bonus of 200% instead of the usual 100%.
The casino offer a 500% bonus for a deposit of at least $500. This means any amount above $500 will benefit from the match bonus. Making a deposit of $500 will result in an account balance of $3,000 ($2,500 bonus + $500 deposit). High rollers also have the ability to deposit a higher value for an even bigger account balance, such as $1,000, which provides an additional $5,000 in bonus cash.
Deposit Bonus Wager Requirements
This is where the difference comes in when choosing a deposit bonus. Having a huge value in bonuses means you would need to wager more, which not only takes longer, but it’s also more difficult to reach the values required this way. The wager requirements range widely among casinos. Some would only require 20x wagering while other go up to 80x, which also makes a huge difference to accepting these bonuses.
- A bonus value of just $100 at 20x wager requirements, means a total of $2,000 needs to play wagered through before a withdrawal would be possible.
- The same bonus with 80x would require wagering of $8,000, but you would still only have $100 in bonus cash. The manner to which one completes the requirements is by using winnings they receive during gameplay.
- So having a big win could really help to achieve the requirements and having the option to withdraw with a profit, which is why wager requirements of $2,000 are a lot more possible than the requirements of $8,000.
- The same applies to high roller bonuses. Let’s use the example mentioned above, which provides $2,000 in bonus funds. With 20x wagering, this means you need to wager a total of $40,000 before you can withdraw, but with 80x the same bonus value would require $160,000 in wagering. This is why T&C’s are crucial, even if you only viewing what the requirements are for the bonus.
How to Wager a Casino Bonus?
Should you have $2,000 in your wager requirements, it basically means you need to bet a total of $2,000 with the bonus cash. Playing a video slot with a wager total of $5.00 would require 400 spins. The winnings you achieve with the bet will be all yours to use for the wagering and whatever remains is yours to withdraw or play other games once the requirements have been reached.
What are Free Spins?
Bonus spins or free spins are the most common and the most enjoyed form of casino incentives and is regularly used to attract new members to online casinos via no deposit free spins bonuses or free spins sign up offers. Free spins are also a great way to celebrate new game launches, and lately, free spin tournaments are very popular.
Free spins are often offered to reward registration in form of a no deposit bonus and provide new registrants with 20 up to 50 free spins. The number of free spins is determined by the casino wishing to attract new players and is normally offered on one pre-selected video slot. The no deposit free spins bonus can be structured in several ways, which includes an indicated number of free spins released upon registration or the free spins spread across 4 to 5 days presenting players daily with an installment of free spins upon login. No deposit free spins facilitate new players with no-risk play and if all wagering requirements are met winnings can be cashed out. It is important to read and understand the terms and conditions part of the free spins no deposit bonus since free spin winnings are normally, although not always, capped to a maximum winning amount. All winnings are also subject to wagering requirements, and games can only be enjoyed in a particular video slot/s while free spins are only valid for a set time period. A few online casinos now offer no deposit free spins, and no wagering is required, which provide players with the opportunity to win real money without risking anything.
Benefits of Accepting Free Spins Bonuses
Free spins are the perfect complement to a welcome bonus and could be offered as part of a match bonus. The free spins bonus provide a predetermined number of free spins on a specific video slot and enable players to enjoy real money wins that can be withdrawn once the wagering requirements are met. There are only benefits to players in accepting a free spins bonus once they have read the T & C since it offers free play and could trigger impressively high rewards. Apart from the real cash payouts free spins also offer free entertainment, and players get to enjoy spinning on games they might not have played if they did not accept the free spins bonus.
Free Spins Welcome Bonus
Free spins are normally offered in conjunction with an initial deposit offer, and United Kingdom casinos now refer to free spins as bonus spins to comply with the advertising and marketing standards required by the UK Gambling Commission. Usually, free spins are valid on a pre-selected slot only, mostly this is a newly released video slot and the free spins are a form to promote the slot. The most common game used for free spins are NetEnt’s Starburst video slot due to its easy play that is beginner friendly and based on fun games such as Bejewelled and Candy Crush. Free spins as part of a welcome bonus can be obtained once the deposit is made and at some online casinos players are required to quote a bonus code in order to qualify for the bonus. Once the deposit is made the new player need to open the specific game to enjoy free spins. There are two forms of free spins welcome bonuses, online casinos can offer for example 100 free spin on a specific game and once the deposit is received the new member can enjoy all free spins immediately. The 100 free spins can also be awarded across 5 days in increments of 20 per day, which means players need to log in every day for the next five days to enjoy 20 free spins on a single game or on a different game every day.
Free Spins Reload Bonus
Once you are part of an online casino family regular offers are sent via email and existing players are often enticed with free spin bonus offers to visit the online more often. Free spins are a favourite choice to use as a reload bonus as the quantity of free spins awarded are directly linked to the depositing amount, for example a deposit of $50 could award 20 free spins, a deposit of $100 could unlock 50 free spins and for a deposit of $200 or more players could earn 100 free spins (the number of free spins differs at every casino). The free spins offered as part of a reload bonus are normally credited to your account one day after a deposit is made and can be enjoyed on a specific game/s.
Free Spins Slot Tournaments
Online slot tournaments are competitions in which members at the casino enjoy the change to compete against everyone who participates. This is how a free spins slot torunament works:
- Tournaments leaderboards indicate your position and these are normally updated every 15 minutes.
- The goal is to get to the highest possible position on the leaderboard since the prize pot could consist of high valued prizes and often offers $15,000 or more shared amongst the top 200 players (for example).
- Participating in a slot tournament at times requires an entry fee although the most popular slot tournaments are called freeroll tournaments and do not require entrance fees.
- Most tournaments offer the top players a series of free spins to kick off their next day of tournament spinning fun, while some casinos offer huge numbers of free spins as part of top player prizes.
Free Spin Wagering Requirements
Online casinos often use free spins to entice players to deposit while using wagering restrictions and requirements to protect the bonus giveaway. The wagering requirements are also referred to as playthrough or requirements and displayed by an “X” it indicates the number of times the bonus or the bonus and deposit needs to be wagered to make it a cashable bonus. A cashable bonus can be withdrawn and in order to make bonus funds cashable the wagering requirements needs to be met on games contributing towards wagering, slots games generally contributes 100% towards wagering and table games only 10% although most online casinos display a list of games not contributing at all towards requirements in their T & C . Other vital information parts of the terms and conditions include the time period allowed to meet the wagering, expiry date of the free spins bonus and its is most important to not request a withdrawal before the wagering is completed or it could result in losing your remaining bonus and winnings.