Six Pro Tips For Playing With Free Spins Bonuses
As the number one bonus comparisons site with an in-house panel of experts, we're here to show you how to maximize your free spins offer. This guide will offer expert tips on how to get the most out of your free spins bonuses to win real money when playing with free spins.
#1. Choose Free Spins Exclusive On High RTP Slots
When you discuss the profitability of a slot, you call it RTP (Return to Player). It is what decides the theoretical average rate of a slot's overall bets paid to you as winnings. Slot RTPs range from 94% to 99%, with an average of 96%.
Return to Player percentages are calculated over a huge number of spins and are a statistical mean. For example, if you play your free spins on a game with an RTP of 96%, you will receive back $96 for every $100 that you've bet. The $4 remaining is casino profit.
But, in life, it's not exactly that simple. Because the RTP percentages are statistics based on an incredibly large number of spins, they don't reflect your return for one single game session.
If you played a 96% RTP slot on auto-play with an endless bankroll, you'd eventually break even 96% of your betting. But you'd go broke way before that mathematical advantage. Even then, you'd be down 4%.
The reality is that games of chance at a casino are house-biased and always tilt in the favor of the house. So, choose games with high RTP to increase your chances of winning, but put these figures into perspective and have realistic expectations.
#2. Volatility
While RTP percentages mention the ratios of all bets returned as winnings, the volatility of a slot determines how these winnings are returned.
There is no such measurement of slot volatility with precision, though slots are usually divided into three groups:
- High Volatility: You win seldom in these slots – but when you do, it will be a whopper.
- Medium Volatility: With the most frequent rate of volatility, these slots offer even-paced play with small and large wins.
- Low Volatility: Low volatility slots pay out more frequently but less.
Why Low-Volatility Slots Are The Best Option While Playing With Free Spins
When playing using free spins and betting free spins winning, it is rational to play low-volatility slots:
You have a better opportunity to win: As there are limited number of spins, you would want the best possible opportunity to encounter a win. Whether the win is big or small doesn't matter – the fact that you encounter a win, start playing out the winnings, and gradually increase your bonus balance is important.
You have a fairer chance of wagering your winnings – Gambling on free spin winnings is the issue of keeping your bonus balance alive long enough to have a chance to meet the wagering requirement and convert your bonus funds into real money that you can cash out. If your winnings are infrequent, you will be spending all of your bonus funds before you even approach meeting the wagering requirement.
#3. Make The Wagering Requirements Reasonable
Having now understood how RTP and Volatility influence your win, you must understand wagering requirements. Simply put, wagering requirements inform you of the number of times you must play through winnings from your free spin before you can withdraw them.
Online casinos display wagering requirements as a multiplier, typically ranging from 20x to 60x. The lower the wagering requirement, the better your odds of converting your winnings into actual money.
When playing with a free spin bonus, you’ll need to wager the winnings from your free spins.
#4. Wager Free Spin Winnings On The Right Games
When you start using your free spins, the casino will likely limit certain types of games.
These will typically be the games with more possibility of normal payouts, including:
- Jackpot Slots: The casinos would have to worry about being obligated to pay out big jackpots from a free bonus, eventually losing money themselves.
- High Volatility Slots: These slots could have huge jackpots within a couple of spins. This would be dangerous to the casino's revenue and, therefore, not an appropriate option for bonus gambling.
Game weighting percentages show how much of your wager will contribute towards fulfilling the wagering requirement. Slots are generally fully weighted at 100%, and other games are low weighted with values ranging from 5% to 30%.
When wagering free spins winnings, you will want to hold onto completely weighted games so that you are able to get the wagering requirement completed as quickly as possible.
#5. Make Sure You Can Cash Out A Good Percentage of Your Winnings
Casinos always employed to set win limits of $5 to $150 on no deposit free spins. They do this to limit risk and ensure they cannot lose a great deal by providing a free bonus.
There are some guidelines that help you determine whether or not the win limit presented by a casino is reasonable:
- Under $10: Poor. A low winning limit can be very restrictive and may not give you sufficient motivation to continue playing at the casino.
- $10-$50: Uncommon. It offers a good chance to withdraw some free play and even withdraw a considerable amount of winnings.
- Over $50: Excellent. Increased winning limits are very generous and provide more chances to convert your bonus winnings into funds for withdrawal.
When you receive deposit free spins you normally won't be restricted by win caps – whatever you can win and play is yours to keep. But always check the terms and conditions to check if there's no win cap. Never assume that there isn't one because it's the norm in the industry.
#6. Max Out Withdrawals As Soon As Possible
Once you have already won actual money using a free spins bonus, you would obviously want to be paid out as soon as possible.
These are two things you can do to ensure to speed up your withdrawals:
- Finish The Casino's KYC Process ASAP: It is required of casinos by law to verify their customers' identity as well as payment options ownership used in their accounts. The Know Your Customer (KYC) is a regulation implemented by all licensing authorities. To complete the KYC procedure, you will be asked by casinos to provide identification copies, an address-based utility bill, copies of bank cards used, and screen shots of bank statements or e-wallets. By sending in all of these beforehand, you give the casino time to obtain whatever it needs to be able to process your withdrawal.
- Use Fast Payment Methods: After a casino has processed and approved a withdrawal, the additional processing times vary based on the payment method you've used. E-wallets are your best option since they typically make payments within 24 hours or less. You might have to wait for up to five banking days if you're using bank cards or bank transfer.
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