How To Keep What You Win with Free Spins
We all love the online casino market — and it shot to about $100 billion in 2020, last year. That might be because so many people found themselves at home due to COVID-19 lockdowns, and wanted a way for them to earn money while also partaking in an exciting and addicting activity.
But it’s always a challenge to get into online casino gambling. You have to ensure that you’re only operating from trusted websites: as there is no dearth of online casino frauds. Once you narrow down the trusted sites, you’ll have to carefully comb through the fine print to ensure that you know what you’re getting yourself into. Free spins can be a great way to earn money, but also a cheap marketing gimmick to get you hooked on. It’s important to be able to tell the difference, and this article will try to do just that!
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What is a Free Spin?
A free spin is essentially the online casino offering you a free bet. You can spin without paying anything and if you win, you get to keep it! It’s a great way to try out a casino and see if you like it. You get one whole spin of the reel for free if that’s what the casino is offering. Many casinos will have attractive offers, like 10 free spins or even 100 free spins.
Depending on the casino, your spin can either go to your bankroll or your play money itself. Remember that the free spin is always played on the maximum possible amount of pay lines as well as the minimum or smallest coin size.
Especially with Mobile Slot Games, you might be skeptical about how legitimate the proceedings are. That’s when you should look for free spins. However, it’s not always as simple as getting to keep how much ever you win: as the waging requirements can definitely complicate matters.
Also, read Things You Should Know About Online Casino Bonuses
What are Waging Requirements?
Waging requirements are what the casino imposes on your wins so that you play longer. And while it may be annoying at first, it’s what makes a casino a casino and not an ATM.
The waging requirement can be in the form of a deposit bonus sometimes. Other times, it can be in the form of a bonus amount or a number of winnings.
The most common waging requirement is the number of times you have to play or spin, to be able to withdraw your money. If you’re confused: here’s an example.
Suppose you do a free spin at an online casino and win $10 at your first free spin. There’s no deposit required, but the bonus wagering requirement is 20x. That means that you have to multiply your winnings by the wagering requirement: that’s 10*20, which equals 200. You’d need to spend $200 on placing bets or spins before you can withdraw all your money.
At first glance, this might seem like you need to spend $200 just to be able to withdraw your $10, but do take into account the winnings you’d get for such a large number of spins! If each spin is $2, that’s about 100 spins. Seems like you’d recover your money pretty quickly, and make a profit when you withdraw. Additionally, the casino benefits from having you play with them for longer, rather than just one free spin.
So if you want to keep what you win: look for a large number of free spins, no deposit, along with a low wagering requirement. A wagering requirement that is 50x might make 100 free spins look worthless.
Take your time to choose between the best casino!