Winning Real Money With Free Spins – Bonus Terms You Must Know About
All casino bonuses are subject to bonus terms, and to take full advantage of your 50 free spins you must be familiar with the rules. By knowing the bonus terms, you will also be able to compare bonuses and casinos more accurately.
Read on to learn about the essential bonus terms.
You Must Complete the Wagering Requirements
You might be wondering whether you can win real money with free spins, and the answer is yes.
However, there is a catch – first, you will have to play through your winnings a certain number of times.
Casinos apply wagering requirements to your free spins wins. This means that you will have to stake an amount equivalent to between 30 and 70 times your free spin win to convert your bonus credits to real money.
When you have fulfilled the wagering requirement, any remaining bonus funds are transferred to your cash balance from which you can request a withdrawal.
To give you an example, you would have to play $500 if you won $10 at a casino with a 50x wagering requirement ($10 win x a 50x wagering requirement = $500 to wager).
Wagering requirements are one of the most important aspects of a casino’s bonus terms, as they determine your chances of converting your bonus to real money.
Win Limits
Win limits are exactly what they sound like – limits that restrict how much you can win. Win limits generally range from $20 and $100, which is why comparing them is important.
Bet Size Limits
When you play with bonus credits, you cannot stake as much as you want. Most casinos limit you to playing a maximum of $5 per spin.
Casinos implement such limits to reduce your chances of getting huge wins that allow you to instantly clear your wagering requirement. Since casino wins are a multiplication of your stake, limiting the bet size becomes an effective form of risk management for the casino.
Excludes Games
As we have already mentioned, you can potentially clear your wagering requirement by scoring a massive win.
Therefore, casinos exclude many volatile slots from bonus play, since these slots can dash out huge wins. However, some casinos exclude far more slots than others.
When you claim a bonus, you want to play your favourite games. Therefore, you should always check which games are excluded before you register with a particular casino and claim a bonus.
Time Limits
In most cases, you will have to play your free spins in 24 hours of receiving them. Furthermore, you are almost always required to wager a free spin win in a certain amount of time. Always ensure you know what rules apply to avoid losing your bonus.