According to LeoVegas Review, providing a variety of options, such as mobile gambling, is one possibility to attract more players in the casino industry. Is it the only way, though? Of course, not, casinos often offer special promotions in order to encourage more and more people to use their platform and games. One of the available bonuses that you can get is free spins. What are they? Is it worth using them? How can you get them? You’ll find the answer to your questions down below.
What is a free spin?
The answer is straightforward – it’s a bet on a slot machine for which you don’t have to pay. So, it’s worth to use offers like these. You have a chance of winning, and at the same time, you don’t risk anything at all. So, where is the catch in it? After all, it’s impossible that a casino gives out free money, right? Well, first of all, you usually have to deposit some money, and free spins are part of the deposit bonus. So they are not always entirely free. Usually, you’ll only be able to get them after depositing money.
Of course, casinos exist to make a profit. But, at the same time, they don’t want people to go broke. Because when a player loses all money, he gets in trouble, and might never come back. Paradoxically, the best online casinos want you to be happy. So from time to time, they’ll offer you a promotion, that is indeed free, and you can win some money, without taking a risk.
A free spin is always nice to have, but let’s be honest – you aren’t likely to win a lot by spinning one time, and it won’t bring you too many emotions either. Casinos are well aware of it. To give you much more adrenaline, they will often grant you a larger amount of free spins. And it’s actually possible to win quite something when you have 20 free spins. But life can’t be too beautiful. To make winning a little harder for you, something known as wagering requirements was invented. What is it? We’ll come to that.
How much can you win?
So, every player who is using free spins initially hopes that he’ll be this lucky guy who managed to hit the jackpot. Is it possible? Can you really win big amounts of money for a spin that costs you nothing? Unfortunately, the chance for it is very slim. Usually, free spins are on the smallest sizes. Let’s say that you got 20 free spins. They are typically worth like 0.10$ each. So, it’s not hard to calculate, that the total value of the promotion is $2. You will most likely win more or less this amount of money. It’s not much, but something is better than nothing.
It often happens that casinos will offer a free spins promotion, but there’s a little catch in it. It’s called a wagering requirement, and it prevents you from withdrawing the money that you won. Let’s say that you were given ten free spins, and got lucky. You now have $50 in your balance. But, to cash it out, you have to play a certain amount of times. Only after that, you’ll be able to do it. So, it’s possible to win money, but the higher the wagering is, the smaller the chance for a significant win.
Why do casinos offer free spins?
Bonuses and free spins are usually assigned together with a new game introduction. Because of them, players can test the game without taking risks. If they liked it, they are more likely to deposit their own funds. And that’s what casino wants you to do.
What about no deposit free spins?
You might have heard about no deposit free spins. What makes them different from standard free spins? There is one difference – you don’t have to deposit your own money in order to get them. They are the best promotion that you can get. It’s usually a part of the welcome bonus for new users, but also a token of appreciation for loyal players.
Gambling is a risk
Thank you for the reminder Captain Obvious. Unfortunately, a lot of people perfectly realize what the dangers of gambling are. But they still fall for this trap. If you’re planning to gamble, make sure to deposit only spare money, that you know you won’t need for a living.
Treat gambling only as a way of fun spending time or a hobby. Some people are trying to make mathematical calculations, and find systems that will allow them to win in the long run. Statistics are clear. You are at a disadvantage when it comes to fighting with a house. Gambling might sometimes reward your luck, but in the long run, you’re more likely to lose money. So, gamble responsibly, and good luck!