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Are Free Spins Beneficial To Players?

Zoltan Tundik

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Image by Robin Higgins from Pixabay
Reading Time: 4 minutes

 

Free Spins are one of the most popular casino offers available to new customers. Most online casinos have a welcome package that includes Free Spins, while others hand them out to returning customers. Free spins are also used to promote the launches of new slots. Slots are by far the most popular games in online gambling, which is why free spins are considered so attractive. They are one of the main ways in which online casinos appeal to new customers.

The Problem with Strict Wagering Requirements

Since their inception, free spins have always come with wagering requirements. These are conditions linked to the free spins in case you win a cash prize. Most free spins result in some kind of cash winning, but usually, the money is not withdrawable right away. Instead, the winnings have to be wagered a number of times. These are known as the wagering requirements. The terms rollover and spin through are used interchangeably with wagering requirements.

Wagering requirements are a basic ingredient in all casinos’ terms and conditions, as they try to balance the value of promotions and bonuses in their favor. Casino players are easily swayed by a large number of free spins or a major matched deposit bonus, but truly grasping the value of a free spins offer requires you to look at the wagering requirements.

If we look at some of the current free spins deals in the UK, separate casinos offer a different number of free spins on the same slot. For example, one casino offering 50 free spins on Starburst and another one 100 free spins. In this situation, most players would opt for the 100 free spins, seemingly getting the better of the two deals. Yet ultimately, you always have to factor in the attached wagering requirements. 50 free spins with a 1x wagering requirement is a far better deal than 100 free spins with a 10x wagering requirement.

Wagering Requirements Might Include a Maximum Stake

A lot of people have tried winning a delicate £20 from a free spins offer, and then having to comprehend a complex set of terms and conditions. Beyond the already mentioned wagering requirements, casinos often exclude certain games from the wagering. For example, roulette and other table games are often excluded from the wagering requirements. Any money wagered here will not count towards the total requirement.

Furthermore, stakes are often capped at a set maximum. That means you are only allowed to wager a set proportion of your free spins winnings in a single stake. If the maximum stake is £1, a £2 stake on a slot machine will only count £1 towards the wagering requirements. In some cases, casinos might confiscate your winnings all-together if the maximum stake is surpassed.

Restricted games and maximum stakes are not reasons to stay away from free spins, but it clearly highlights the importance of reading the terms and conditions thoroughly. If you don’t, you could up wagering money that does not count towards the rollover, and at worst, you could see your winnings confiscated by the casino.

Free Spins Are Not Worth A Lot Of Money

Let’s be honest: Free spins offer to seem far more lucrative than they really are. 50 free spins on a popular slot sound like an absolute bargain, but in reality, the value is limited. Each spin might have a value as low as £0.10, making the total value of the promotion a modest £5. The offer comes across as far more enticing than it really is.

Some free spins are branded as Mega Spins or Super Spins, and the value of these is significantly higher. However, they often come in much smaller numbers. The combined value of free spins – the number of free spins added against the value of the individual spins – is rarely higher than £10. When you factor in the wagering requirements and a potential cap on winnings, the value left is even smaller.

That does not mean free spins are unattractive or should be avoided. However, measuring the number of free spins against the value of the spins provides you with a better idea of their true value.

Caps on Winnings Are Frustrating

Although you might have initial success with your free spins, the amount of money won is often capped. Since the casino is handing out free money, they would rather have you don’t run away with a major win. Winnings are often capped at £100 or £200, although some free spin offers come without any restrictions on winnings. As a general rule, there is almost always a wagering requirement, while winning caps vary from offer to offer.

Winnings caps are not necessarily an issue. The casino is, after all, giving you free money to play with. Yet they do reduce the value of free spins notably. It can be frustrating to play without the chance for a major jackpot and to see a £1000 win reduced to £100 due to a winning cap.

Conclusion: How Good Are Free Spins Really?

Free spins are common among online casinos but often come with a complex set of terms and conditions. Wagering requirements, winning caps, and tricky rules are factors that make free spins less attractive than they would seem at a first glance. However,  dismissing free spins would be a mistake. There are good reasons why free spins are beneficial to casino players.

Most importantly, free spins are an excellent tool to build your bankroll. Bankroll management is key to experienced and recreational casino players alike, and free spins are an important factor here. Online casino is all about calculating risk and reward and getting the right balance. With free spins you face no risk at all – you have everything to win and nothing to lose. Turning your nose at a free spins offer due to the terms and conditions is always a mistake. Free spins will not make you rich, but they provide small injections to your bankroll.

If you want to succeed with online casino games, offers and promotions are absolutely key. Online slots typically operate with an RTP between 95% and 97%, which means you will struggle to make a profit in the long run. However, bonuses and promotions give you the chance to break that trajectory. Although free spin offers are far from perfect, players should take advantage of them when the opportunity arises.

Industry News

BetGames.TV boosts tier one reach with Amelco partnership

Zoltan Tundik

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Image by englishlikeanative from Pixabay
Reading Time: < 1 minute

 

Live betting games supplier signs with platform provider of choice for Europe’s leading operators

BetGames.TV, the leading live dealer betting games supplier, has further boosted its global reach with an integration into Amelco’s betting and gaming platform.

The deal will give the provider’s multi-territory tier one partners, including the Stars Group, GVC and Flutter, access to BetGames.TV’s extensive portfolio of live dealer games for the first time.

Titles including Baccarat, Wheel of Fortune, and its innovative twist on Texas Hold’em poker, 6+ Poker, will be rolled out in a host of regulated markets over the next six weeks.

BetGames.TV’s products, which earned the highly-acclaimed Rising Star in Casino Innovation at December’s SBC Awards, can be integrated seamlessly and deliver a uniquely immersive betting experience, as well as ease-of-use and high bet-rates.

Aiste Garneviciene, BetGames.TV COO said: “We believe there are a number of synergies between BetGames.TV and Amelco, including the desire to use cutting-edge technology.

“We are thrilled to have such a sought-after provider as a new partner and look forward to many years of sustained growth together as we forge a strong relationship.”

Brandon Walker, Head of Business Development at Amelco added: “We have been very impressed with BetGames.TV’s rapid development over the past few years and are looking forward to rolling out their products across all regulated markets in which our operator partners work.

“Their live casino offers one of the most immersive experiences out there, and we’re sure its portfolio is going to prove to be a fantastic hit with our tier one clients and their customers.”  

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Industry News

Digitain appoints Martin Clarke as Director of Product Management

Zoltan Tundik

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Global provider strengthens senior management team with latest hire

Leading sportsbook and casino platform provider Digitain has named Martin Clarke as its new Director of Product Management.

Clarke brings a wealth of industry experience to his new position, including senior product roles at Betway, Betsson Group and Flutter Entertainment, where he led the redevelopment of Paddy Power’s sportsbook after the company’s merger with Betfair.

Following his previous role as Director of Product at B2B sports betting provider Metric Gaming, Clarke’s new responsibilities will include overseeing the development strategy for Digitain’s award-winning sportsbook and casino platform.

He will be servicing Digitain’s 70+ international operator network with the industry’s most modular, flexible and scalable platform, which utilizes AI-driven capabilities to cover over 65 sports and offer a truly localized proposition to its partners.

Commenting on his new position, Martin Clarke, Director of Product Management at Digitain said: “Digitain is a renowned market-leader with a widely acclaimed offering, and I’m immensely proud to become the company’s Director of Product Management.

“The team and I look forward to building on Digitain’s remarkable achievements to date, as we continue to drive innovation, quality and technological advancement.”

Suren Khachatryan, Chief Commercial Officer at Digitain added: “With a wealth of experience spanning some of the industry’s most established businesses, we are thrilled to welcome Martin into the Digitain family.

“His unique skills in problem solving, technical development and exemplary leadership are unrivalled, and we have no doubt his tenure as Director of Product Management will bring tremendous success.” 

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Industry News

Highlight Games Announces Partnership With Geoff Banks Sports

Zoltan Tundik

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London-based video virtual sports specialist Highlight Games Limited today announces that it has signed an agreement to supply its SOCCERBET product to leading independent bookmaker, Geoff Banks Sports.

As detailed in the agreement, Highlight Games will supply the English variant of its #1 performing SOCCERBET product to Geoff Banks Sports’ online and mobile channels in the UK and Ireland.

Featuring decades of the highest quality archive footage from leading English football teams including Liverpool, Manchester United, Chelsea, Manchester City, Spurs and Arsenal, SOCCERBET allows players to bet on the outcome of games featuring their favourite football teams and players.

‘Highlight Games is delighted to be partnering with Geoff Banks Sports to bring SOCCERBET to online channels in the UK and Ireland,’ said Steven Holmes, Co-CEO, Highlight Games.  ‘Featuring genuine archive footage of the UK’s favourite football teams, SOCCERBET delivers the thrill of sports betting in the absence of live fixtures.  Never before has there been such demand for this compelling product which can be played online at any time.’

Geoff Banks, CEO, Geoff Banks Sports added: ‘With minimal opportunities to bet on live events at the moment, SOCCERBET will entertain and engage players online 24/7.  The chance to watch archive footage of some of the most exciting goals and action from past football seasons is an enticing one – the game must go on, and with SOCCERBET it certainly will for Geoff Banks customers.’

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