500 Free Spins Terms & Conditions
Casino promos come with various terms and conditions that regulate your chances of winning real money.
Therefore, it’s crucial you understand the basic bonus terms when comparing various casinos and their offers.
Read on to get up to speed!
Wagering Requirements
Winnings derived from free spins are added as bonus credits to your bonus balance. To withdraw these funds, you must play a specific amount determined by the casino.
Casinos set this amount by applying a multiplier to the sum you’ve won. This multiplier ranges from 10x to 70, depending on which casino you’re playing with.
The higher it is, the more challenging it is to convert free spin winnings to real cash you can withdraw.
Here’s an example:
- You receive 10 free spins with a 20x wagering requirement.
- You play the free spins and win R10.
- You must pay an amount equivalent to 20 times your win, as per the wagering requirement:
R10 free spin win x a 20x wagering requirement= R200 to wager.
- When you’ve staked a total of R200, your bonus credits are converted to real money and transferred to your bonus balance. You can now cash out the winnings!
When you claim deposit free spins, the casino may apply its wagering requirement to:
- The free spin winnings only, or
- The free spin winnings and the deposit you made to claim the free spins.
Let’s look at an example of the latter:
- You receive 10 free spins with a 20x wagering requirement that applies to both the free spins and your deposit.
- You play the free spins and win R10.
Now, you must pay an amount equivalent to 20 times the total of your win and deposit:
- R10 deposit + 10 free spin win =R20 in total.
- R20 x the 20x wagering requirement= R400 to wager.
As you can see, you must play a lot more to wager your winnings when the wagering requirement applies to both your deposit and the free spin winnings.
Win Caps
Casinos invariably apply win limits to their free bonuses. It’s a way of ensuring they can’t lose more than a specific amount by giving away a free bonus.
Win limits vary greatly and generally range from around R10 to R200. And no matter how much you win, you can never withdraw an amount exceeding the casino’s win limit.
Bet Limits
Free spin winnings are always credited as bonus credits. And when you go about wagering your bonus credits, you usually can’t bet more than R5 per spin. If you do, you risk having your bonus funds confiscated.
Since all wins are a multiplication of your initial bet, casinos limit how you can win on any given spin by simply capping your bet size.
Some Slots Are More Suited For Bonus Wagering Than Others
A game’s weighting percentage describes how much of your stake contributes to your wagering requirement.
If a game is 100% weighted, it means your entire stake is considered. For every R1 you spend, R1 is deducted from your wagering requirement.
If a game is 10% weighted, only R0.10 is subtracted from the wagering requirement on a R10 spin.
Most slots are 100%- weighted and are thus ideal for wagering bonuses and free spin winnings. Other games generally have significantly lower game weighting percentages ranging from 0% to 25%.
Therefore, you shouldn’t try to wager free spin winnings on other games than slots – you’ll likely run out of bonus funds before you’re even remotely close to meeting the wagering requirement.
Expiry Dates
Free spins come with expiry dates. You must typically play no deposit free spins in 24 hours and wager winnings in 7 days or less.
Deposit free spins tend to have longer expiry dates – always check the T&Cs to ensure you don’t accidentally lose your free spins.