Why Do Casinos Offer Free Spins Slots When I Can Win Money for Nothing

We wanna know
By Andy Lalwani

f you’ve been browsing around looking for good online casinos to sign up and play with, you may have come across a variety of welcome bonuses. For almost a decade now, online casinos have offered welcome bonuses to new players in a bid to get them to register as members with the casino. The welcome bonus is one of the most effective ways for a casino to attract new players and grow their userbase, which in turn results in revenue growth. 

While some online casinos are dubious and best avoided, most are licensed, regulated and trustworthy. When a new player starts looking around for a good casino to play at, he or she is going to overwhelmed by the sheer number of choices available. In such a situation, a player generally chooses a casino that is offering the biggest welcome bonus. Typically, a welcome bonus is a match deposit bonus offered on the player’s first deposit, or a few of the initial deposits. However, such welcome bonuses have become far too common and they don’t attract a response from new players the same way they did years ago since virtually every online casino offers similar bonuses. 

The Advent of No Deposit Free Spins Bonuses

In order to get an edge over their competitors, some online casinos have now started offering what is known as ‘no deposit bonuses’. As the name suggests, a new player will receive a bonus even if he or she has not made a deposit at all. Most commonly, a no deposit bonus comes in the form of certain number of free spins which can be used to play certain slot games for free. The applicable slots are nominated by the casino operator. 

It is no wonder the no deposit bonus is one that all casino players love and actively seek out. If you’re looking for top no deposit bonuses, you should know that the USA is unique when it comes to no deposit free spins offers

The legality of online casino gaming in the US can vary vastly depending on which state you are based in. So, not every no deposit free spins offer will be available in the same way across the US. 

An example of a typical no deposit bonus would be something like – Receive 10 free spins on the slot Starburst when you sign up with X casino. Continuing along the lines of this example, if you were to register an account with the casino, you would receive 10 free spins as soon as your registration is successful and your account is opened. Using the 10 free spins, you can play Starburst without actually spending any of your own money. What’s more? Just because you are playing with free spins, it does not mean that you cannot win real money. If you happen to win while playing with these 10 free spins, the winnings are yours to keep and even cashout (subject to certain terms and conditions). 

No Deposit Free Spins – The Two Most Important Terms and Conditions

This raises the question – why would the casino let you play real money games for free and even let you win real money without taking a single penny from you? Won’t this result in huge economic losses for the casino? Especially considering thousands of players could be claiming the bonus. 

Well, there is more to it than meets the eye. It is absolutely correct that you can win real money by playing with no deposit free spins. However, there are cleverly drafted terms and conditions that stipulate how much money you can win and when you can withdraw any of the bonus monies you have won, amongst other T&C’s.

When the casino couples attractive no deposit bonuses with smart terms and conditions, it results in lots of players signing up with the casino to claim the bonus and then continuing to play at the casino in order to meet the terms and conditions and actually benefit from the bonus. This way, contrary to how it may appear of the surface, the casino actually profits from offering no deposit free spins. 

There could be various different terms and conditions specific to each no deposit free spins bonus. However, the two most crucial ones that players must be aware of before they claim the bonus are:

Wagering Requirements

If a no deposit free spins bonus has a wagering requirementof 35x, for example, here’s what it entails – whatever sum you have won playing with the free spins, you may only withdraw it once you’ve wagered and playthrough 35 times that amount. Until then, the winnings are classified as bonus funds and are locked for cashing out. So, if you played with no deposit free spins and won $50, you will have to deposit and wager $50 x 35 = $1750 before you can withdraw the $50 bonus winnings. 

Max Cashout

If you’re able to complete the wagering requirements and then proceed to withdraw the $50 you have won, but you find that you can only withdraw $25, it could be because the casino has imposed a $25 max cashout limit on this specific offer. 

Ideally, the best no deposit free spins will have low wagering requirements and a high max cashout limit.