Main types of free spins bonuses
Free spins are not one-size-fits-all propositions. There are several different types of sign-up bonuses that you might encounter on your gambling journey.
The differentiating factors for each of these types usually have to do with the method and particulars of how the casino doles out the spins. Some free spin bonus types are more generous than others.
No deposit free spins
No deposit bonuses and sweepstakes no deposit bonuses of any kind are often the sweetest type of bonus. The free spin variety of this kind of bonus is no exception. In this type of free spin bonus, you are able to spin for cash or prizes without having to deposit any of your own money.
You will usually have to register and it might require a bonus code. You can find the free spin bonus codes above. No deposit free spin casino bonuses are usually an award reserved for those who complete the registration process onsite. It’s a way for casinos to welcome the new players and give them a “test drive” of the site’s games and options.
Free spins deposit bonus
If no deposit free spins require no purchase on your part, deposit free spins are the exact opposite. You receive a free spin bonus as a perk of making a deposit into your site account.
The site will usually specify a minimum deposit amount that you must deposit in order to qualify for the free spins. The exact particulars and bet levels associated with the free spins may vary, but if you were already planning on making a deposit, this kind of bonus is a nice thing to have in your back pocket.
Sweepstakes free spins
Finally, it’s possible that you might just want to try a site’s games without any risk like sweepstakes & social casinos. Players can earn Gold Coins from sweepstakes casinos to put towards free spins on slots.
How do playthrough requirements work?
A playthrough requirement is the amount of money that you must wager in order to release a bonus for withdrawal from your casino account into your wallet. These requirements are not restricted to slot free spin bonuses by any means, and are quite common with deposit bonuses and other big money offers.
They are basically a way to ensure that you don’t just grab the casino’s money and run. The casino wants to make sure that it has a chance to win back the money it just gave you and, with any luck, secure some of your own money, too.
With free spins bonuses the amount of money you must wager will always be some multiple of the amount of bonus money you won from the promotion. The multiple can be any amount, but is usually somewhere between 1 – 50x the amount.
It’s a bit easier to understand how these work with an example. So, let’s say that you have spun your free spins and are now in the following scenario:
- Winnings: $100
- Playthrough: 1x
In this instance, you would need to bet $100 in order to release those funds as cash in your account. However, let’s say that the bonus was a bit more exacting:
- Winnings: $100
- Playthrough: 6x
Now, you’ll have to bet an additional $600 to release the bonus. Depending on the house edge and your expected loss from playing a particular game, this amount of wagering might actually make the bonus not worth the effort.
However, with playthrough requirements, one important thing to realize is that you don’t have to lose the money to satisfy the requirement. In fact, you could come out an even bigger winner. You just have to be willing to give the online casino an appropriate bite at the apple.