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WHY ONLINE CASINOS GIVE WAY NO DEPOSIT FREE SPINS
Over the past couple of years, the online gaming industry has experienced tremendous growth. This growth has come with an influx in the number of software gaming developers as well as online casinos. As a result of this increase, the competition in the industry has shot through the roof as well.
In a bid to succeed in the industry, online casinos employ different marketing tactics to lure punters onto their platforms to open accounts and place bets. One of the most popular ways they do this is giving freebies, including no deposit free spins.
So first, online casinos give no deposit free spins to stay ahead of the competition and lure in players. Second, no deposit free spins are designed for marketing new slot games in the industry. With every passing day, online gaming software developers are coming up with new slot games.
The developers often partner with online casinos to make money and to create awareness for new slots. As such, you’ll notice that most no deposit free spins are on new slot games or popular slot games from new software gaming developers.
THINGS TO KNOW ABOUT FREE SPIN SLOTS
- Though the idea started basic. It has evolved into different products over the years. Today, there are several different free spins available for you to take advantage of. The main types include; no deposit free spins and deposit free spins. The latter requires players to deposit before they can use the free spin on offer. While many are tempted to rank no deposit free spins as the best, they aren’t always. In comparison to deposit free spins, the no deposit free spins have stricter wagering requirements.
- For you to claim a no deposit free spin, you need to create an account with the casino
- The free spins are often designed as a welcome bonus.
Welcome offers are by far the most generous no deposit free spin bonus in the industry. They are also the most popular and at the same time, the hardest to meet the attached requirements. The complementary free spins are used on specific games as outlined by online casinos.
Now, welcome bonuses are available in two types:
- A no deposit free spin
- A matched deposit deal
Your choice between the two options will be guided by the amount of money you can spare and what you are looking to gain from the slot. Before you take up any offer, we advise that you read through the details of the free spin. These details are available on the review page on the casino’s website.
Matched deposit option
On face value, the matched deposit option appears to be simple. Well, this is until you read through the wagering requirements. But before we get to the wagering requirements, let’s go through the basics – what is a matched deposit?
A matched deposit bonus is simply an offer in which the casino promises to match the deposit you make by a given factor. The match deposit could be 100% or 200% depending on the casino. But before you think you can get a €/$/£1,000,000 from this bonus, there is a limit to what you get. For instance, an online casino can limit the match deposit to €/$/£500. This means that if the amount resulting from the match deposit surpasses this figure, you’ll only get €/$/£500.
Let’s put it into perspective for a better understanding. If you deposit €/$/£100 into your casino account, the casino will offer an extra €/$/£100, and your account balance will read €/$/£200. This means the casino offered a 100% match deposit bonus. But as you will soon see, the 100% match deposit bonus is modest. The percentage can go even higher.
To make these matched deposits irresistible to new players, casinos often bundle the match deposit bonus with between 10 and 100 free spins to be used on specific slot games (usually those on promotion or the newest in the casino).
WHAT TO CONSIDER WHEN LOOKING INTO WELCOME OFFERS
When most players come across match deposit deals, they lose it (especially when the percentage is significant). We have lots of stories of players who saw 1000% match deposit deals and deposited money, hoping that they would take advantage of the ‘free money’ for many months to come. What they forget or are unaware of is the fact that casinos usually have wagering requirements and time limits attached to the bonus money. The wagering requirements can be frustrating to deal with, especially if you weren’t mentally prepared to fulfill them.
To avoid any of the bonus of no deposit free spins pitfalls, we advise that you take your time going through the terms and conditions attached to the offer. We are not saying no deposit free spins, and other offers are bad; they are amazing. However, to increase the fun of using them and the chances of them working to your advantage, you need to familiarize yourself with the conditions.
The wagering requirements
Wagering requirements are how online casinos benefit from the deals it offers payers. This can either be sneaky or fair, depending on how demanding and strict the requirements are. Wagering requirements are a number predefined by a casino (say x30). What the casino means by this is that you need to wager the amount you deposit x30 before you can get your hands on the rewards from the no deposit free spins.
So say you deposited €/$/£200 and the welcome bonus is 100% and the wagering requirement x30. It means that the casino will offer you an extra €/$/£200 but will expect you to wager a whopping €/$/£6,000 before making a withdrawal. Failure to meet the above requirement means you lose out on the bonus along with any rewards won.
Unless you are a professional online gamer, you should think twice about taking up some of these bonuses and offers. As a new player, it’s easy to get stuck in such a commitment. If the stakes are high, you can always opt not to take the offer or a no deposit deal instead.
Note: Once you see large numbers, prepare yourself to read through the requirements in detail.
These are exactly that – limitations on time. Many online casinos often have a set deadline within which you should have spent the bonus money or free spins offered. Usually, the time limit is seven days. If the bonus isn’t used up within this time or the wagering requirements aren’t met, the casino reclaims its bonuses.
This means that once you commit to the bonus, you have to rush against time to meet the requirements outlined.
Ongoing free spins deals
Most online casinos welcome new players in grandeur. However, very few care about their experience once they create an account and the few that do offer the below types of offers.
- Loyalty rewards – good online casinos have loyalty packages. Some will give its players cashback rewards of up to 15% on the deposits made. This translates into free spins. Not all loyalty points are provided in the form of cashback rewards. Others come in the form of collecting points and other personalized deals.
- Casino promotions – most casinos run regular promotions including free spins on special jackpots, new releases, and tournaments. If you love the thrill of playing online casinos, you can enter tournaments to win rewards and free spins in the process.
Free spins are a gem to a player who knows what to look for. As a newbie, you need to exercise caution and read through the tiniest of details – the devil is always in the details.