Ever Calculated The Value of Free Spins? We’ve Got Some Pointers!

Technology

If you’ve ever taken a look at the world of online casinos, you’ll know that many houses are out advertising a range of free spin bonuses to new players. These free spins are available to play on online slots machine games through the given website. If you’re a fan of slots games online or in real life, free spins can be a great way to check out whether you want to play

Most often, free spins are only offered on a limited range of games, or particular new release games, although sometimes they are offered across the whole gamut of the games on offer. Free spins can seem really appealing – when you’re looking at hundreds of free spins and you know that each spin might be worth 10c or even more. When offered in conjunction with cash bonuses for sign up, it often seems eye-wateringly too good to be true.

Are free spins really free?

Of course, free money always comes with a catch. But if you’re clever about it, you can work out the free spin bonuses that come with the best chance of actually getting a return – free money for real.

In reality, calculating the value of a free spins bonus isn’t rocket science. Free spins normally outline a specified bet size and are attached to one or more slot games. Luckily you can find many informative sources online. In fact, NoDepositExplorer not only guides you when it comes to explaining how casino bonuses work, but it also provides its visitors with exclusive deals!

The magic formula behind free spin bonuses

So; here’s how it works. Usually, when you are playing a free spin bonus, the bet will be played across all paylines on a game. This is important to remember if you are considering a game that has a large bet amount across all lines. $1 a spin is $20 for just 20 spins, after all.

Wagering requirements

Wagering requirements are stipulated by a number, for example 40x. This number is important in the context of whether you can cash out your winnings from free spins or not.

Let’s say, for example, that you have 200 free spins, and each spin is worth 10c. So here, the value of these free spins is $20. If the wagering requirement is 40x before you can cash out your winnings, you will need to have bet 40 x $20 = $800.

Now, if you haven’t managed to win $800+ across the course of those 200 spins, then you will not be able to cash out any winnings from these spins – even, say, if you had amassed a total of $550!

More or less spins?

As you can see by the above math, while a larger number of free spins sounds attractive from the outside, when you calculate it times the cost of each spin – and then the playthrough wagering requirements, this isn’t necessarily the case. In fact, the opposite may be true, with less spins resulting in a better chance of meeting the wagering requirements.

A lower wagering requirement

Lower wagering requirements generally result in a greater likelihood of being able to get something for free. Lower wagering requirements can often be found in conjunction with offers where you need to put a deposit down with an online casino, rather than no deposit free spins.

Return to Player (RTP)

Another point you may like to consider is the Return to Player (RTP) of the slots game you are playing. Different games may have different RTP rates. For example, for a game with an RTP of 92%, this means that you would receive 92c on the dollar, as your spins trend towards infinity. Of course, there is the chance to win much more with a small number of spins, but casino games are based on mathematical probabilities than ensure that in the end the house always wins.

Do the math

As you can see, it’s important to do the math before you figure out whether it’s worth your time taking up a free spin offer. If you’re just looking to play for fun, it may not be an issue, but if you’re hungry for a win, then it pays to look at the number of free spins, cost per spin, and wagering requirement, and doing the calculation.

In doing so, you’ll come to realize whether it will be worth your time and effort to give this type of bonus a crack.

It’s not magic maths – it’s just casino maths.

Leave a Reply

Your email address will not be published.