You bet there's nothing better than spinning a casino slot without using your bankroll and getting to win real money while at it. While this was not the norm in traditional brick-and-mortar gambling parlors, the advent of online casinos has made this a possibility, thanks to the many promotions operators use to attract new business and retain existing customers.
One such promotion is the free spins bonus, which gives you the opportunity to play slot machines without risking your own money. This article tells you all you need to know about the incentive, and where to find the best deals online.
Free Spins Bonuses Explained
The free spins bonus is by far the most common and popular incentive available in the online gambling world. The advantage of this promotion is that it provides you with the opportunity to play the most popular games at a gambling site without risking your bankroll. You can also take the chance to try out new slots if the operator does not specify the games. The icing on the cake is that you can win real money from the promo, and the casino will allow you to either withdraw your winnings or use the cash to wager on more games.
These offers come in different forms as explained below:
- No Deposit: Gambling site operators use this incentive to convince new customers to sign up with their casinos. In this promotion, the house gives you wager-free rounds on specific slots upon registration. Players are not required to make any deposit to the site to receive the bonus.
- With Deposit: This promotion requires the player to deposit money to the casino to claim the offer. The incentive can be part of the welcome promo or reload bonuses.
- Without wagering requirements: This deal provides you with the rare chance to win instant cash from your bonus. The package can be part of the rewards program for VIP players at a casino or a sign-up offer. Some software providers also allow casino players to try out their new slot games without risk.
How to Cash In
As we have already mentioned, it is possible for players to win real money in free spins promotions. However, just like other casino bonuses, the offer is attached to some terms and conditions that you must fulfill to be allowed to withdraw whatever you win. An example of these terms is the wagering requirement.
The term wagering requirement indicates the number of times you must play through your winnings from the bonus to be allowed to withdraw.
Let's say that you receive 50 spins with a 30x wagering requirement upon signing up with your favorite casino. Whatever you win in the promotion will go to your bonus account, and you have to roll over the amount 30 times before requesting to withdraw. Assuming that you win $200, you have to wager $6000 (30 * $200) in bonus money to convert the funds into real cash for withdrawal. Whatever remains in your account after fulfilling the requirement is automatically credited to your real money account and you have the liberty to decide whether you want to cash out or use the funds to bankroll more games.
Discover the Best Offers Online
At Canadian No Deposit we're all about tipping you off on where to find the most lucrative promos online. We have combed through the scores of gambling sites on the internet and compiled a list of legal and friendly casinos with free spins bonuses for Canadian players. Browse through the listed casinos to find the best offers and start playing.