Let us get realistic here, the online casinos are out there to make money that makes us answer the age-old question, are freespins really free? The answer to this is that “free spin” does come with a cost that is famously known as wagering requirement in casino terminology.
The wagering requirement forces its players to wager certain times the bonus amount before you can make a withdraw. Most casinos require a 20x, 30x, 35x, 40x, or 45x playthrough requirement. This means that if you are awarded a free bonus of $30 with 100 freespins and 20x wagering requirement, then you will have to spend $600 before the 100 freespins are released and you can withdraw the bonus winnings.
This means that the freespins did not cost you upfront, but it is definitely not free as it comes attached with terms and conditions. On top of that, you will have to register all your personal information and create an account before claiming the free spins.
One may argue that no deposit freespins can be claimed to avoid making any initial deposits but remember, it is difficult to find. Even if a casino offers no deposit freespins, they are smart enough to just offer you a limited number of spins. Do not forget, most of these no deposit freespins also have wagering requirements attached to them.
So how do they work? Let’s say, you have got 20 free no deposit freespins with 30 times wagering requirement. If you win $10 with those 20 spins, then you need to wager a total amount of 10*30= NZ$300 to clear a wagering requirement and withdraw your winnings. A handful of casinos also offer wager-free spins where you can withdraw your winnings right away but finding wager free spins in like searching for a needle in a haystack.