Do Free Spins Really Cost Online Casinos Money?

[Nwada001]

Personally, I’d go with fewer free spins but no wagering requirements. It feels more transparent and whatever you win is actually yours. Bigger offers with heavy wagering often look good upfront but end up frustrating in the end.

Everyone will want it where it will be easy for them, but the question is, will a casino be willing to offer a free spin without you doing anything for them, like no deposit? You did not win it out of something, and they still allow you to take all the winnings without making you go a little harder in order to prove you earned it? Such free and transparent bonuses are not popular in the gambling industry unless they want to ruin their business, or there will be a limit to how much could be won from the bonus.

[iv4n]

What about you.. Would you rather take 10 free spins with no wagering requirements, or double that amount with wagering requirements, and why?

Lately, I have been avoiding free $0.1 or $0.2 free spins... 10 or 20, it doesn't matter. This is just for luring players to play more, to give them some incentive. After finishing those free spins, we feel a desire to play more... Well, I just skip that part & play for real money right away.

Of course, there's nothing free... someone always needs to pay the price. In this case casino is paying, but they get something in return. It's a good advertisement that draws the attention of some players. And just a small percent of all those free spins result in some bigger win... with wagering requirements, the percent of people who get to cash out something is even lower.

[Woodie]

The no deposit bonus spins might look like they cost the casino but trust me it's not always the case especially if someone kind of wagering is needed before you withdraw, even if it's not the case, they would issue these spins on a game that is very difficult to beat and this will guarantee that their money stays in their pockets 

Otherwise the best experience with casinos should come from your pocket then you will have a great experience:)

[Cryptohygenic]

Winning is too but its the earning it that makes it all worth it at the end of the day. Just saying. I feel like people look at it the wrong way, especially gamblers.

Free spring without any wagering requirements is good for me than free spins that will have wagering requirements. Wagering requirements that the casino set will most likely just lead to losses.

I don't think if the Op knows what he is talking about or i am probably the one missing out because I have not come across where a casino would give free spins to user and after claimed, you will be required to wager with your deposited fund again to use the free spin. I am sure the wagering requirement in a related context should be about to claim the reward because you can not wager in a free spin.
Even if giving if given it benefit of doubts, I will prefer free spins with no additional wagering requirement otherwise, it becomes a double lint of risk which you can lost both your wagering and the free spins the same time.

[Obim34]

What about you.. Would you rather take 10 free spins with no wagering requirements, or double that amount with wagering requirements, and why?

Without wagering requirement is best for me, sometimes the criteria for wagering is much and end up losing whatever profits have made. Usually, if a company is giving 10 free spins, 1 spin is actually worth $1. I still have the chances of hitting a good multiplier or triggering another extra free spins, I know all i win is free for withdrawal, my choice to keep playing.

Another hold back is meeting the withdrawal amount, you have to keep playing until you make up to that, in the process you might lose everything.

[dimonstration]

Winning is too but its the earning it that makes it all worth it at the end of the day. Just saying. I feel like people look at it the wrong way, especially gamblers.

Free spring without any wagering requirements is good for me than free spins that will have wagering requirements. Wagering requirements that the casino set will most likely just lead to losses.

I don't think if the Op knows what he is talking about or i am probably the one missing out because I have not come across where a casino would give free spins to user and after claimed, you will be required to wager with your deposited fund again to use the free spin. I am sure the wagering requirement in a related context should be about to claim the reward because you can not wager in a free spin.
Even if giving if given it benefit of doubts, I will prefer free spins with no additional wagering requirement otherwise, it becomes a double lint of risk which you can lost both your wagering and the free spins the same time.

The OP of this post is a casino representative so surely he knows what he is posting about casino bonus.

There’s a lot of casino that let you wager first your balance before you can even touch your bonus since it was separated on the bonus balance that slowly unlock per wager.

Casino bonus especially free spins has various terms on how you will claim it. Make sure to read every ToS because there’s some bonus ToS that is worst.

[mikel_012]

It's just the cost of marketing. When you acquire a player because you spent $1, he might leave and take the money. But if 100 players do the same and you lose $100, there will probably be 1 player that got addicted and will come with $500 more and lose it all, so the casino gets paid all the expenses and more back.

Better to have as many players as possible, and marketing and promotions are the only way to make someone leave their current casino to yours.

[Graph001]

Pretty sure that most casinos must have calculated their promotion wisely to make it worth and effective for them.
Even if such specific promo like free spins cost them some money but I believe it brings more money to casino in overall.
Just like other promotions which is designed by the casino to lure players, the house is basically the one who make more profit eventually.

Casinos offer free spins to attract players. You can say it is like a lot of mind games because since he is getting free spins since he will play it with curiosity and if he can profit from it then his curiosity will increase more so he may feel that if he spins with money now he will be able to profit more. Here is another thing which is that people are influenced by people now suppose one of your friends first played free spins and later he played with money and he also profited from it you may be influenced by him you may also want to increase your money by gambling and you also start playing and this system continues like this later someone else gets influenced by you he starts and someone else gets influenced by him.

[salad daging]

Winning is too but its the earning it that makes it all worth it at the end of the day. Just saying. I feel like people look at it the wrong way, especially gamblers.

Free spring without any wagering requirements is good for me than free spins that will have wagering requirements. Wagering requirements that the casino set will most likely just lead to losses. Just know that the more the rules, the higher the chances to lose. That will make me prefer no wagering requirements free spins.

Free spins from regular welcome bonuses usually have high wagering requirements, making them difficult to win and increasing the potential for players to lose.

Free spins without wagering requirements are better and more desirable to players because they are easier to cash out if you win, unlike those with high wagering requirements, especially those above 30x.

[Perfectbaby]

Winning is too but its the earning it that makes it all worth it at the end of the day. Just saying. I feel like people look at it the wrong way, especially gamblers.

Free spring without any wagering requirements is good for me than free spins that will have wagering requirements. Wagering requirements that the casino set will most likely just lead to losses. Just know that the more the rules, the higher the chances to lose. That will make me prefer no wagering requirements free spins.

You are right most of the casinos that sets some wagering requirement on bonuses or free spin usually knows what they are doing because it would from then they will make their profits because some people could chasing this free spin and bonuses.
To me I don't easily allows those free spin and bonuses to influences me because it is another way entrapping people into their gambling site, it is better to just gamble with person's fund.

[CryptoHeadlineNews]

What about you.. Would you rather take 10 free spins with no wagering requirements, or double that amount with wagering requirements, and why?

Judging by the fact how I do not have control of whatever the outcome of the game play will, either between free spin or doubling of deposit amount. I think my choice of game will strongly have a major role in the selection process, because just as free spin can only be used on slot games, on the contrary, a doubled-amount can be used in both slot and Sport games. And as a sport enthusiast who loves gambling on football games, I will definitely choose to double my account balance, and go ahead trying my luck while hoping to meet the deposit requirements. And if I don't, and lose the whole money, I also accept the faith, because gambling is never and was never meant to be a do or die affair.

[Odusko]

The money that offering bonuses will cause a casino is not compared to how much their will generate in the end as turn over profits, this is why you see most casinos engaging in one form of promotion or bonuses be it welcome bonuses or free spins, but what we have to take note of is that the wagering requirements on those bonuses make it almost impossible to reach a substantial winning for the gambler so in the end the money go back to the casino.

[Royal Cap]

What about you.. Would you rather take 10 free spins with no wagering requirements, or double that amount with wagering requirements, and why?

Honestly, if I am asked which one to choose, I will definitely select the first option. Because if the winnings are small and the money is real, then it is good.

I have a very bad experience with wagering with free spins. A few days ago, I registered on a casino site and deposited $10 and got 25 free spins. And I got about $20 from those spins. But the problem came when I was withdrawing, their rule is that I have to wager 40X on my total winnings. So again, the wagering will be done with my real balance first. At the end of the day i can't withdraw my bonus money. Actually, free spins are mainly for the marketing of the casino site and to attract customers. I don't think most people have been able to withdraw the free spin money so far.

[Oluwa-btc]

Now the real question is: how do online casinos manage to give FS to new players? Is that free of charge, or does it cost them money?

Casinos give out free spins to new players cause there's possibility of a wagering requirements which has a lot tendency that the players are in more chances of loosing than win, and then again casinos have lots of opportunities from whence they get their money from eand rather free spins don't add any extra advantage to me or benefits cause most of them comes with bonuses that would lure one into gambling more than expectations.

[Agbamoni]

OP, this will depend on two things. First, How frequent the casino give out free spins, next is the percentage of players that cash out from using the free spin, because the last time I check, 80% of free spins end up losing to the casino game at the end of the day. Another aspect we should look out for is the RTP of the game played. So yeah, technically the free spins cost them a thing but If players use the free spins giving to them and dont win anything, it cost the casino nothing in this case.

[uneng]

I prefer guaranteed, but small prizes instead of high prizes with come with risks. So, I would prefer taking 10 free spins with no wagering requirements. If you go for the spins which have high wagering requirements in order to be received, you are most likely to end losing a lot of money to pursue a small bonus which won't worth after all. In every cases, free spins aren't causing casinos to lose money. They profit much more, so they can afford giving this small bonus to players.

[Joy_learns_crypto]

Yes it’s is free, it will cost the online casino money, but it’s a cost the online casino doing it are willing to pay to show appreciation to their players. Players will appreciate a free spin from time to time so when they get some it is cheerfully accepted. The online casino aren’t thinking about the cost alone they are thinking of the relationship they have with their players.

[TopT3ns]

I prefer guaranteed, but small prizes instead of high prizes with come with risks. So, I would prefer taking 10 free spins with no wagering requirements. If you go for the spins which have high wagering requirements in order to be received, you are most likely to end losing a lot of money to pursue a small bonus which won't worth after all. In every cases, free spins aren't causing casinos to lose money. They profit much more, so they can afford giving this small bonus to players.

We understand that casinos create mechanisms to continue getting money so the reason behind picking a little prize fixed is quite clever. Personally, I enjoy a more energy-saving approach when playing where people are not spending time and money to reach something that is meaningful but that is imminent. Gaming could still be a complete legitimate method of entertainment provided the urge to win bigs is subordinate to logic. By so doing we are in command and not the opposite.

[AmoreJaz]

I prefer guaranteed, but small prizes instead of high prizes with come with risks. So, I would prefer taking 10 free spins with no wagering requirements. If you go for the spins which have high wagering requirements in order to be received, you are most likely to end losing a lot of money to pursue a small bonus which won't worth after all. In every cases, free spins aren't causing casinos to lose money. They profit much more, so they can afford giving this small bonus to players.

It may cost something to the casinos but I don't think they will go to the stage where they will go bankrupt owed to offering free spins. They will surely stop such perks if they are already in the negative side. Casinos have house edge so even with free perks or rewards, I believe, there's certain assurance that they won't go broke owed to this offering. In the long run, they have certain advantage over these gamblers. That's part of gambling industry. This is why most casinos offering 0% house edge don't survive because it can't sustain their business. House edge is already part of the gambling business and that's a fact.

[DubemIfedigbo001]

Anytime, any day I would choose free spins without wagering requirements. Wagering requirements sometimes means you sweating it out for the casino and sometimes towards the end you may loose it all and such may trigger the user to keep depositing and gambling in a bid to claim back what he feels he lost. I would love to use my free spins without any wagering requirement even though I may not be entitled to all the winnings. I can agree to take a certain percentage of the money after playing for a while.