Free Spins: A Worthwhile Bonus for Real Money Wins?

Updated: 30 May 2023

are free spins no deposit bonuses worth it?
Are free spins worth your time, and is it possible to win real money from them? The answer is yes. Both no-deposit and on-deposit Free Spins offer you the opportunity to win real money. Want to learn more? This guide gives you everything you need to know about free spins bonuses.

We’ll delve into two main types of free spin bonuses: Free Spins No Deposit, and Free Spins. Each type of online casino promotion has its unique benefits and possible downsides. Also, the value of these offers can vary significantly based on your specific gaming preferences and circumstances.

By learning how to understand the details of these bonuses, you’ll be better equipped to make a choice that could potentially boost your chances of winning real money. So scroll down to find out which type of free spins bonus best suits your needs today.

Comparing The Value Of Free Spins: No Deposit vs Deposit Bonuses

As we’ve already mentioned, Free spins bonuses from online casinos are either Free Spins No Deposit or Free Spins.

No Deposit Free Spins are perfect if you’re a new player or trying out a new platform or game. With no upfront monetary commitment, they provide a zero-risk factor.

However, these bonuses often come with higher wagering requirements and stricter restrictions, such as lower withdrawal limits and limited time to use the spins – all of which can make converting these free spins into withdrawable cash challenging.

On the other hand, Free Spins on deposit, although requiring an initial investment, often offer more favorable terms. These bonuses usually have lower wagering requirements and more generous withdrawal limits, making it easier to cash out your winnings compared to no-deposit deals. Plus, you tend to receive more free spins with deposit bonuses.

So which one is right for you? Do you like spinning slots just for the sheer fun of it, with the added thrill of a slight chance of bagging real money? If so, No Deposit Free Spins could be your perfect bonus.

However, suppose you’re at ease with making an initial deposit and looking for more generous terms and a higher potential for significant wins. In that case, you should claim Deposit Free Spins bonuses.

Still not sure which offer is right for you? Check out this comparison table summarising the key features of both types of bonuses:

Free Spins No Deposit Free Spins On Deposit
Deposit Required No Yes
Qualifying Requirements Mostly registration Deposit a qualifying amount
Wagering Requirements Can be high Varies, often lower than No Deposit Bonuses
Withdrawal Limits Will apply Often more generous than No Deposit Bonuses
Potential for Higher Rewards Lower, due to restrictions and limitations Higher, with more spins and higher cashout limits
Reasons to Claim Excellent for beginners or those seeking to enjoy the thrill of slots without any financial risk Great for experienced players seeking more substantial rewards and who are comfortable with an initial deposit
Ideal Player Attributes Beginners, budget-conscious players, and those seeking risk-free fun Experienced players, high-rollers, and those pursuing more significant wins

Free Spins No Deposit: Pros and Cons

Free Spins No Deposit are promotional offers that allow you to try out a casino’s slot games without depositing your money. Online casinos use new free spins no deposit promos to incentivize you to either open an account or return to an existing one. Upon accepting these bonuses, you receive a predetermined number of free spins.

Advantages of Free Spins No Deposit Bonuses

  • No financial risk involved – Try out a casino and its games without risking your money.
  • Provides an opportunity to win real money – You can keep what you win and withdraw your winnings if you meet the wagering requirements unless it’s a no wagering free spins deal, in which case, what you win is yours without any extra steps.
  • Great for beginners – You can use these offers to familiarise yourself with online casino games without staking your cash.

Disadvantages of Free Spins No Deposit Bonuses

  • Strict wagering requirements – Free spins with no deposit often come with high wagering requirements, making it a challenge to withdraw your winnings. You can sometimes find a deal with no wagering required, although these are rare with no deposit free spins.
  • Limited game selection – Your free spins no deposit may be limited to specific games, restricting your choices.
  • Maximum cashout limits – Casinos may limit the money you can withdraw from your bonus winnings.

Free Spins On Deposit: Pros and Cons

Deposit free spins are bonuses awarded to you after you make a qualifying deposit at an online casino. The number of free spins you receive depends on the amount deposited and the site’s promotional terms.

Advantages of Free Spins on Deposit Bonuses

  • More generous offers – Casinos often provide more free spins and better deposit bonus terms than no deposit free spin offers.
  • Lower wagering requirements – Deposit free spins usually have lower wagering requirements, making cashing out your winnings easier. Some casinos even offer free spins with no wagering requirements at all. Popular no-wagering casinos include Play OJO, Betvictor and MrQ.
  • Broader game selection – You can typically use deposit free spins on a more comprehensive range of games than without deposit free spins.

Disadvantages of Free Spins on Deposit Bonuses

  • Financial commitment required – You must deposit money to claim the bonus.
  • Risk of loss – Making a deposit always comes with the risk of losing your funds.

Assessing the Value of Free Spins Bonuses

It is crucial to thoroughly understand the specifics of any free spins offer, whether No Deposit or Deposit. Doing so ensures you select a bonus that best matches your gaming style and goals.

Indeed, both types of free spins can prove worthwhile and offer the chance to win real money. However, their worth and your potential earnings are closely tied to the bonus terms and conditions. Therefore, making an informed decision will enhance your online gaming experience and potentially increase your winnings.

Consider the following eight points when assessing the value of a free spins bonus offer:

  1. More free spins do not mean more chances to win real money – While more free spins may seem attractive, it’s not guaranteed more winnings. The actual value of a bonus lies in its terms and conditions, such as wagering requirements and withdrawal limits. For instance, a bonus with fewer spins but more player-friendly terms may offer better prospects for real money winnings.
  2. The RTP of the slot game you’re playing – RTP, or Return to Player, is a measure of the percentage of stakes a game returns to players over a period of time. It’s a crucial factor in assessing the potential profitability of a game. When using free spins, opting for a slot game with a higher RTP may increase your chances of winning and boost the value of your bonus. Popular high RTP slot games you can claim free spins on include Starburst (has an RTP of 96.1%), Book of Dead (has an RTP of 96.21%) and Aztec Gems (has an RTP of 96.52%).
  3. Assess your needs and preferences – Are you seeking a risk-free option like no deposit free spins, or are you ready to make an initial deposit for potentially more generous bonuses and favorable terms?
  4. Evaluate the terms and conditions – Take note of the wagering requirements, time restrictions, and withdrawal limits. It’s essential to read the T&Cs to understand which offers suit your playing style.
  5. Understand the wagering requirements – Ensure you’re comfortable with how many times you need to wager your winnings before you can withdraw them. This playthrough requirement must be cleared before you can enjoy your winnings in real cash.
  6. Consider the game selection – Make sure the games you can use your bonus on align with your gaming preferences. It’s more enjoyable when you can use your bonus on the types slots you love.
  7. Examine the bonus structure – Some casinos offer tiered rewards, meaning you could receive more free spins if you deposit a larger amount. Consider if this suits your gaming style and budget.
  8. Check the bonus validity period – Bonuses often come with a timeframe within which you must use your free spins or meet the wagering requirements. Therefore, ensure that the timeframe is suitable for your gaming habits.

Maximising Your Winnings: Choosing The Most Valuable Free Spins Bonuses

Now that we’ve delved into the fundamentals of No Deposit and Deposit Free Spins bonuses and how to evaluate them, it’s time to explore strategies to maximize your winnings and identify the most valuable ones.

Firstly, it’s essential to understand that the actual value of a bonus lies not in the number of free spins it offers but in the terms and conditions attached to it. Look for offers with no wagering requirements and higher withdrawal limits to increase your chances of walking away with real cash rewards.

Remember, the easier it is to turn your bonus winnings into withdrawable cash, the more valuable the bonus is.

Additionally, consider the slot(s) the free spins can be used on. Some games have higher Return to Player (RTP) rates, offering better odds. So, in theory, a free spins bonus on a high RTP slot game could be more profitable.

Lastly, don’t forget the power of practice and patience. Online casino games, including slots, require strategy and luck. Make the most of your free spins by understanding the game mechanics and patiently playing, claiming bonuses until luck swings your way.

Overall, understanding the terms to choose suitable games and playing strategically is the best way to ensure these bonuses improve your gaming experience. So, remember to take your time to assess these online casino promotions when comparing top deals to guarantee that you only ever claim the best Free Spins bonuses for you.