Understanding Free Spins Wagering
While free spins can certainly be rewarding, they do tend to come with pretty strict wagering requirements. Not everyone knows this and it can lead to frustration, loss of funds, and in some cases, the closing of accounts. If you’re not sure how free spins wagering works or how it affects your online pokies experience, keep reading. We’ve explained everything you need to know here.
Most players will be familiar with the standard Cash Match Welcome Bonus. This is awarded when you sign up and make your first deposit into your online casino account. However, some sites offer free spins instead of a cash bonus, or offer a cash bonus with a few extra free spins thrown in. Others may even offer no deposit rewards. The idea with all of these incentives is the same. When you play online pokies you can use them as a real money wager on whatever game is being played.
No Deposit Free Spins
While it is not always the case, most promotional deals come with restrictions of some kind. No Deposit bonuses fall into this category. These are given to players when they sign up for a new account. You don't need to make a deposit in order to receive your reward. Usually you get 10 to 20 spins to use on selected online pokies games. This gives you an idea of what it is like to gamble with real money without the risk involved. If you do win any money, you will first need to make a real money deposit and complete the subsequent wagering requirements as described below.
Deposit Free Spins
Deposit free spins are the most popular, and this is where pokies wagering is important. Instead of giving you a Cash Match Bonus, the casino will give you 100, 200 or 300 spins to use on selected games. The requirements on these are quite strict and work in a similar way to the Cash Match Bonus.
If you look at the terms and conditions, you will find that the bonus is subject to terms of 30x or 35x. Unlike the Welcome Bonus where you have a cash amount to tie this to, these restrictions apply directly to the amount you win. For example, if you win a total of $40, you will need to wager 30x $40, or $120 in real money before you can cash out your winnings. If you don't win anything, you don't have any free spins wagering requirements to clear.
Clearing Your Requirements
Free spins wagering requirements are not always the same. They tend to differ depending on the casino you are playing at. This is why it is always so important to read the terms and conditions before claiming any promotional deal. With sites that offer a Cash Match and 50 free spins, usually the restrictions apply to the bonus money only, but it is always good to check.
When you win a decent amount of money, the first thing you need to do is clear your requirements. In most cases, pokies will do the job, as they tend to have the highest house edge. Pokies wagering usually counts 100% towards your requirements, which means that if you bet $1 per turn, this contributes $1 towards your total.
Other games like Blackjack and those with a lower house edge will only contribute a portion of a wager. Some only count 5% towards your restrictions, which means if you bet $1 on Blackjack, just 5 cents is put towards clearing. It is always best to check which games count most and play these first so that you can maximise your potential payouts and reap as many rewards as possible.